Articles by Ed McKinley

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As NY Lending License Proposal Looms, Industry Trade Groups Mobilize

February 13, 2017
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NY State Capitol

The alternative small-business finance community plans to lobby hard against a far-reaching proposed expansion of the New York state lending license. The proposal calls for any person or company that solicits, arranges or facilitates business and consumer loans – or other types of financing – to obtain a license. That could include MCA companies, business […]

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The LendIt Story

February 12, 2017
Article by:

Bo Brustkern

This article is from deBanked’s Jan/Feb 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE LendIt Co-founder Jason Jones The LendIt Conference was supposed to be a smallish local meetup for New York-based members of the online lending community. But founders Jason Jones and Bo Brustkern soon discovered they had the makings of a […]

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A True Rapid Advance For Mark Cerminaro

December 16, 2016
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Mark Cerminaro - Top Half of deBanked Cover

This article is from deBanked’s Nov/Dec 2016 magazine issue. To receive copies in print, SUBSCRIBE FREE In the 1999 film “Any Given Sunday,” Al Pacino plays a pro football coach whose obsession with winning has torn apart his family. He’s also plagued by a meddlesome team owner, challenged by an offensive coordinator who’s after his […]

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Sunshine and Deal Flow: Who’s Funding in Puerto Rico?

September 1, 2016
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Funding Small Businesses in Puerto Rico

This article is from deBanked’s Sept/Oct 2016 magazine issue. To receive copies in print, SUBSCRIBE FREE Lots of small businesses need capital in Puerto Rico and not many companies are trying to provide it. Combine that with the island’s tax incentives, tourist attractions and gaggle of ambitious entrepreneurs, and America’s largest unincorporated territory can seem […]

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Is The “Uber” Of Merchant Cash Advance Actually Uber?

August 15, 2016
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Uber With Sign in Window

This article is from deBanked’s July/August 2016 magazine issue. To receive copies in print, SUBSCRIBE FREE If imitation is the sincerest form of flattery, Uber is paying the alternative small-business finance industry a high compliment. The San Francisco based ride-sharing company is offering its drivers some programs that closely resemble merchant cash advances. New drivers […]

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FIRE DRILL IN ILLINOIS: BUSINESS FUNDING COMPANIES TARGETED IN REPRESSIVE BILL

June 30, 2016
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Government vs. Business

This article is from deBanked’s May/June 2016 magazine issue. To receive copies in print, SUBSCRIBE FREE * Update 6/30 AM: Sen. Jacqueline Collins, D-Chicago is expected to introduce a revised bill today. ** Update 6/30 PM: Reintroduction of the bill has been delayed while they wait for comments from additional parties Bankers and non-bank commercial […]

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Stairway to Heaven: Can Alternative Finance Keep Making Dreams Come True?

April 28, 2016
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deBanked Marketplace Lending Cover

This article is from deBanked’s Mar/Apr 2016 magazine issue. To receive copies in print, SUBSCRIBE FREE The alternative small-business finance industry has exploded into a $10 billion business and may not stop growing until it reaches $50 billion or even $100 billion in annual financing, depending upon who’s making the projection. Along the way, it’s […]

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Having Problems With Leads? Don’t Feel Alone

April 24, 2016
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down in the dumps

This article is from deBanked’s Mar/Apr 2016 magazine issue. To receive copies in print, SUBSCRIBE FREE Having problems with leads? Don’t feel alone. Funders and lead providers say response rates to offline marketing have been cut in half while the price of pay-per-click campaigns has skyrocketed. They blame intense competition in an increasingly crowded field […]

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Commercial Finance Coalition Emerges – An All Inclusive MCA Industry Trade Group

March 16, 2016
Article by:

capitol building

A version of this article appeared in deBanked’s Jan/Feb 2016 magazine issue. A new trade association hopes to bring together every type of company in the alternative-finance industry to form a united front capable of managing state and federal regulation. The fledgling Commercial Finance Coalition (CFC) welcomes potential members that include funders, brokers, payments processors, […]

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The Dual Aura of Fora – How Two College Friends Built Fora Financial and Became the “Marketplace” of Marketplace Lending

February 16, 2016
Article by:

Jared Feldman and Dan Smith Fora Financial

This article is from deBanked’s Jan/Feb 2016 magazine issue. To receive copies in print, SUBSCRIBE FREE A recent Bloomberg article documented the hard-partying lifestyle of two young entrepreneurs who struck it rich when they sold their alternative funding business. The story of their beer-soaked early retirement in a Puerto Rico tax haven came complete with […]

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