Articles by deBanked Staff

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Finn & Co, Inc. To Manage Two New Equity/Debt Funds

December 14, 2017
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news pad

Below is a letter that was circulated by Finn & Co, Inc. Finn & Co, Inc. is pleased to report the formation of two new equity/debt private equity funds to be managed by our firm. The first of these two funds is a US$100M equity fund which will seek investments in the MLM Industry (multi-level-marketing). […]

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Judge Okays Leave to Add Additional Defendants in Kalamata Capital / Biz2Credit Lawsuit

December 12, 2017
Article by:

law books

Update in the Kalamata Capital LLC v Biz2Credit, Inc. and Itria Ventures, LLC lawsuit A three-year-old lawsuit pending in the New York Supreme Court has experienced a flurry of motion practice, according to the docket. The latest order issued by the Honorable Kelly O’Neill Levy granted Kalamata Capital leave to amend the complaint to include […]

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Yellowstone Capital Surpasses $2 Billion in Originations

December 8, 2017
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Yellowstone Capital

Jersey City-based Yellowstone Capital has surpassed $2 billion in originated deals. The milestone was announced Thursday evening at the company’s year-end holiday soirĂ©e. The company was founded in 2009.

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Yellowstone Capital Funds $100 Million Over Last 60 Days

December 1, 2017
Article by:

yellowstone capital signage

An email circulated by Jersey City-based Yellowstone Capital yesterday, confirmed that the company had originated $50 million in deals for the month of November. The figured tied the record set in the previous month, bringing the 60-day total to $100 million. Two sales representatives ended up in a tie for top performer of the month, […]

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Cleveland Fed Retracts Their Report on P2P Lending

November 18, 2017
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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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Check Out The Preliminary Agenda of Broker Fair 2018

November 15, 2017
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Broker Fair 2018 Agenda

The preliminary agenda of Broker Fair 2018 was published to the event’s website on Tuesday evening. While subject to revisions between now and May 14th, Broker Fair is already shaping up to be the hallmark event for the MCA and small business lending industry. Fifteen sponsors have already signed on including National Funding, RapidAdvance, and […]

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Don’t Forget About FastFlex

November 13, 2017
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FastFlex

The OnDeck-Chase partnership isn’t the only game in town when it comes to fast weekly payment bank loans. Wells Fargo announced their own program, called FastFlex, in 2016 as part of a goal to lend $100 Billion to small businesses over five years. deBanked was shown an anonymized bank statement snippet recently of a merchant […]

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MCA Funder Asks Court to Set Aside Default Judgment in Usury Case

November 10, 2017
Article by:

law books

If it wasn’t for the Usury Law Blog, an MCA company may never have known about the default judgment entered against it in Florida for usury, according to documents filed in the case. On Wednesday, the funding company filed a motion to set aside the default judgment and reopen the case on the basis that […]

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Two More Senior Employees Leave SoFi

November 9, 2017
Article by:

news pad

According to the WSJ, SoFi’s head of banking Arkadi Kuhlmann and general manager of asset management Peter Early, are both leaving the firm. The personnel move has to do with the fact that SoFi is no longer pursuing a bank charter while also pulling back on its plans for its asset management business. It has […]

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ISO Alleged to Have Forged a Confession of Judgment

November 6, 2017
Article by:

Courtroom

Underwriters, keep your eyes on the notary stamps. A lawsuit filed in the New York Supreme Court last week by a merchant cash advance company against an ISO and several co-defendants, alleges that an ISO was partially responsible for damages when a merchant defaulted. And they make a compelling argument. In this case where a […]

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