Archive for 2017

Broker Fair 2018 – The Inaugural Conference for Merchant Cash Advance and Business Loan Brokers

October 5, 2017
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Broker Fair 2018

Put on by Foinse, LLC and presented by deBanked, Broker Fair 2018 will be at The William Vale in Brooklyn, NY on May 14, 2018 New York, NY – Foinse, LLC, in collaboration with deBanked, is excited to announce Broker Fair 2018, the inaugural conference for merchant cash advance (MCA) and business loan brokers. Broker […]

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Dear MCA and Business Loan Brokers, It’s Time

October 5, 2017
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it's time

It’s been two years since the Year of the Broker was published. And it’s been many more than that since the last time I brokered a deal myself. Though I’ve only been writing about merchant cash advances (MCAs) and non-bank business loans for seven years here, my involvement in that industry started more than a […]

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Updates On Several Industry Court Cases

October 4, 2017
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New York Supreme Court

Curious to know the status of industry court cases we’ve reported on? Here’s an update on several: Case When filed Where pending Status Yellowstone Capital LLC and EBF Partners, LLC v. Corporate Bailout, LLC, Mark D. Guidubaldi & Associates, LLC dba Protection Legal Group, PLG Servicing, LLC, American Funding Group, Coast to Coast Funding, LLC, […]

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Kabbage’s Petralia Talks Big Tech, Fintech and Lending

October 2, 2017
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Kathryn Petralia Kabbage

Kabbage co-founder and head of operations Kathryn Petralia was in New York last week for The Economist’s Finance Disrupted 2017 conference where she was a panelist on in an Oxford-style debate about whether tech giants Alibaba, Amazon, Apple, Facebook and Google pose a greater challenge to traditional banks than the fintech startup community. Her position […]

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Get Your Free Hard Copy of deBanked Magazine

October 2, 2017
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Sept Oct 17 top

If you haven’t already signed up to receive our magazine in the past, you should register today to make sure you receive our September/October issue! Subscribing is FREE and this issue is packed with stories, stats, and industry data you can’t find anywhere else. We can also arrange for multiple copies to be shipped to […]

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deBanked to Attend FundKite ISO Event at Met Life Stadium Nov. 2nd

September 29, 2017
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New York Jets

It’s unlikely the New York Jets will be dreaming of the Super Bowl come November 2nd when they play the Buffalo Bills, but MCA company FundKite is hosting a VIP event for select ISOs/brokers at Met Life Stadium in East Rutherford, NJ that day. According to FundKite, sales reps that hit certain funding targets will […]

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ISOs Alleged to Be Partners in Debt Settlement “Scam” in Explosive Lawsuit

September 28, 2017
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cartoon

ISOs and brokers referring deals to debt settlement companies should pay attention to a lawsuit that was filed in the New York Supreme Court on Wednesday. In it, plaintiffs Yellowstone Capital and EBF Partners (“Everest Business Funding”) allege that certain ISOs are culpable partners in a scam that nefarious debt settlement companies are perpetrating on […]

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Scott Cornelis Joins Enova International as Treasurer

September 28, 2017
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Welcome aboard

Scott Cornelis, the head of capital markets at BorrowersFirst, has become the Treasurer at Enova International, according to LinkedIn. BorrowersFirst is an online consumer lender that raised a $100 million senior debt commitment from Waterfall Asset Management earlier this year. Enova is a publicly traded online lending company that owns The Business Backer and Headway […]

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Ranger Direct Lending Fund Cites Princeton Fund As Source of Woes

September 27, 2017
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rolled newspaper

Ranger Direct Lending (Ranger), A UK-listed fund that has invested with companies such as AmeriMerchant/Capify, Biz2Credit, and Blue Bridge Financial, cited problems with the Princeton Alternative Income fund in its latest midterm report. The problems stem from Princeton’s original investment in Argon Credit, an online consumer lender that went bankrupt last December. The judge in […]

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Funders and Lenders are Relying More on Brokers, Survey Finds

September 27, 2017
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ISOs increase or decrease

Business lending and MCA CEOs are not finding it easy to reduce their dependence on brokers, the latest Bryant Park Capital/deBanked survey results suggest. In a past survey conducted in Q4 2015, respondents indicated that an average of 46% of their business came from external sources/ISOs versus internal marketing. 44% of respondents also reported at […]

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