Archive for 2017

Institutions Like American Express Are Mainstreaming Daily ACH Payments

November 30, 2017
Article by:

merchant financing

A takeover-style ad on CNN’s website rang very familiar earlier today. The ad, paid for by American Express, preached merchant financing with a fixed fee. The ad brought me to a page that offered a fixed fee business loan between $5,000 and $2 million with daily ACH repayment and no interest rate. Terms were 6 […]

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SBA Loans Go Online: A Q&A With SmartBiz

November 28, 2017
Article by:

SBA Loans

A while back, a merchant deBanked interviewed told us they had obtained what sounded like impossibly good terms from an online lender not known for low rates. When I requested a fact check of it, we learned that the online lender had actually referred the borrower to SmartBiz and that SmartBiz had secured an SBA […]

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Get $10 Worth of Bitcoin FREE

November 28, 2017
Article by:

bitcoin

Ok, so this is a shameless affiliate marketing offer. If you buy $100 worth of Bitcoin from Coinbase using this link, you’ll not only get an extra $10 worth of Bitcoin free, but I’ll get $10 worth of free Bitcoins as well. While it’s awesome that a single Bitcoin is worth $10,000 these days, I […]

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DataMerch.com Surges Past 10,000 Records

November 28, 2017
Article by:

datamerch logo

Online underwriting database for the alternative financing industry experiences wide adoption and growth Tampa, FL, November 28, 2017 – Today, DataMerch.com, an online underwriting database for the alternative financing industry, announced that they have surpassed over 10,000 records in their database. After creating the online database only 2 years ago, DataMerch has experienced rapid growth […]

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ISO Roadmap For 2018

November 26, 2017
Article by:

ISO ROADMAP

ISOs, as you finish out a wild year of funding, we’ve put together a roadmap to prepare you for a very successful 2018! 1. Educate yourself. Litigation in the MCA industry skyrocketed in 2017. That means as a salesperson you’re more accountable than ever to communicate the products and services you sell in a succinct […]

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Canadian Merchants Show An Appetite For Capital

November 25, 2017
Article by:

Vancouver, BC

In Canada, the average deal size for a merchant is anywhere between $20,000 and $30,000 in funding, depending on who you ask. That’s why when one startup recently funded a $300,000 CAD advance from its balance sheet to a Canadian merchant, the deal turned some heads. While it’s unclear whether this amount could be indicative […]

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Take a Break From Funding This Thanksgiving

November 21, 2017
Article by:

hug an underwriter

This Thanksgiving… Step back from the daily grind Those merchants eager for your cold calls can wait There’s no need to start worrying about next year just yet It’s Thanksgiving So hug an underwriter Kiss a broker Think about your favorite merchant And pay no attention to the algorithms automating your job Give thanks Because […]

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Cleveland Fed Retracts Their Report on P2P Lending

November 18, 2017
Article by:

Federal Reserve Bank of Cleveland

Here’s something you don’t see every day. A paper published by the Federal Reserve Bank of Cleveland about peer-to-peer lending was so dubious, that it has been taken down. Since working paper no. 17-18 and related commentary on peer-to-peer lending were posted on our website on November 9, the authors have received several questions about […]

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Kabbage Taps Debt Capital Markets for a Cool $200 Mil

November 16, 2017
Article by:

Kabbage Logo

Kabbage has been accessing the capital markets fast and furiously, most recently on the debt side. Today they’ve announced a new $200 million asset backed revolving credit facility with Credit Suisse. Just a couple of months ago, Kabbage attracted $250 million in equity to its coffers from SoftBank, which the alternative funder will direct toward […]

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The Bad Broker And Merchant Due Diligence

November 15, 2017
Article by:

robbers

There may be a rogue broker on the loose. The scam involves a fraudulent Letter of Intent (LOI) falsely claiming to be that of a major funder designed to resemble the real McCoy. Events like this place a spotlight on the risks associated with this market and is a reminder that not all small businesses […]

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