CMC DATE: Wednesday, August 12, 2020 [No OSC set]
RE: YesLender, LLC v. Five Bulls Transport, Inc., et al. (20PSCV00215)
______________________________________________________________________________
Plaintiff YesLender, LLC’s APPLICATION FOR DEFAULT JUDGMENT
Tentative Ruling
Plaintiff YesLender, LLC’s Application for Default Judgment is GRANTED.
Background
Plaintiff YesLender, LLC (“Plaintiff”) alleges as follows: Plaintiff provides working capital to
qualified small businesses—referred to as “merchants”—by purchasing a portion of a merchant’s
future receivables in exchange for a cash advance. Plaintiff provides these merchants with a
lump-sum cash payment in exchange for a negotiated amount of said merchant’s daily
receivables, until the agreed-upon remittance amount is fully remitted to Plaintiff (usually 6-12
months). On or about August 23, 2019, under the business practices described above, Plaintiff
entered into a Merchant Capital Agreement (“Agreement”) with Five Bu
Type
Contract/Warranty Breach - Seller Plaintiff (no fraud/negligence) (General Jurisdiction)
Status
Default Judgment By Court - Before Trial 07/07/2020
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CMC DATE: Wednesday, August 12, 2020 [No OSC set]
RE: YesLender, LLC v. Five Bulls Transport, Inc., et al. (20PSCV00215)
______________________________________________________________________________
Plaintiff YesLender, LLC’s APPLICATION FOR DEFAULT JUDGMENT
Tentative Ruling
Plaintiff YesLender, LLC’s Application for Default Judgment is GRANTED.
Background
Plaintiff YesLender, LLC (“Plaintiff”) alleges as follows: Plaintiff provides working capital to
qualified small businesses—referred to as “merchants”—by purchasing a portion of a merchant’s
future receivables in exchange for a cash advance. Plaintiff provides these merchants with a
lump-sum cash payment in exchange for a negotiated amount of said merchant’s daily
receivables, until the agreed-upon remittance amount is fully remitted to Plaintiff (usually 6-12
months). On or about August 23, 2019, under the business practices described above, Plaintiff
entered into a Merchant Capital Agreement (“Agreement”) with Five Bu