When Your Bank Says 'No' (To Loaning Money To A Strip Club), Ca$handra Says 'Yes'

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Today, a company called Sexy Business Funding posted a Web video advertisement in which a husky-voiced narrator named Ca$handra offers loans of as much as $750,000 while images of exotic dancers, jars of marijuana, and piles of hundred-dollar bills flash across the screen. The idea is to entice owners of strip clubs, pot dispensaries, tattoo shops, and other businesses that may scare off traditional Main Street lenders. “Sexy Business Funding recognizes adult businesses as legitimate, law-abiding companies that deserve the same borrowing opportunities as any other business from any other industry,” the company said in a press release...The company has provided $43 million in financing to 1,420 businesses, according to its website. [BusinessWeek]

Strip Clubs and Pot Dispensaries Need Loans, Too [BusinessWeek]

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Bankers And Traders "Legitimately" Expensing Strip Clubs Do Rick's Cabaret A Solid

When the financial crisis hit, financial services employees could have easily decided that patronizing strip clubs, alone or with clients, was an expense that had to go. Spent a few more hours on YouPorn and, when there were particularly substantial fees at stake, offered an enthusiastic hand job in the back of the cab after dinner. But guess what? Wall Street didn't stop hitting up strip clubs and, on the contrary, redoubled its support. So much so that one gentlemen's club in particular would like to express its appreciation. A little thank you, for  always being there to shove 20's in g-strings. Allan Priaulx, corporate communications officer for Rick's Cabaret International, a chain of adult entertainment lounges, says interest from bankers and traders remains high and business from the financial services industry is strong. The New York location of Rick's on West 33rd street has seen "sequential gains" month over month since the financial crisis, he said. "We have a really solid base of Wall Street customers," he added. "Most of them pay on their personal credit cards, unless it's a legitimate company expense and then they use their corporate cards." Total sales for existing clubs were up 5% from last year, according to company filings. Wall Street's Cleaner Image Pauses for a Fresh Scandal [WSJ]