Business Lending

Alternative Lenders Spread Their Wings Internationally

June 20, 2017
Article by:

global business

This article is from deBanked’s May/June 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE As alternative lending gains global traction, a growing number of U.S-based alternative lenders are exploring international growth, with large companies like OnDeck, Kabbage and SoFi leading the way. Some alternative lenders have begun their expedition closer to home by […]

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The ‘Loan’ Star State – Texas is an alternative finance nexus

June 15, 2017
Article by:

Austin, TX

This article is from deBanked’s May/June 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE We’re at Able Lending in Austin, Texas, a financial technology company occupying three floors deep in the heart of the Seaholm power plant overlooking Lady Bird Lake. The fortress-like building anchors an inner-city complex of offices and residences, chic […]

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Sound Bites From Underwriting – The Risk of Imperfect Merchants

June 12, 2017
Article by:

underwriting blind

When you’re funding a business, does the risk begin and end with the business? Or does the character of the owners play a role? Can you judge the business on weak financials if your product is geared towards weak financials to begin with? And can you trust unaudited internally prepared financial statements? At the Factoring […]

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Sound Bites From Underwriting – Gambling With a New Broker

June 9, 2017
Article by:

red flags

At the Factoring Conference during a portfolio warning signs panel, Emma Hart, the COO of Sallyport Commercial Finance, was asked if she recalled any red flag situations that hinted at collusion. Whether in factoring or not, you can probably relate to this situation with a new broker: We had one fairly recently that we should […]

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Industry CEOs Were Less Confident in Q1

June 6, 2017
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Industry Confidence Q1 2017

According to the latest quarterly Bryant Park Capital/deBanked survey of industry CEOs, confidence dropped to the lowest levels since the survey first began in Q4 2015. Specifically, confidence in being able to access capital needed to grow dipped down to 78.7% from 82.7% in the prior quarter. Confidence in the continued success of the Small […]

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Sneak Peek of Our May/June 2017 Magazine Issue

June 5, 2017
Article by:

deBanked May/June 2017

Move over New York, California and Florida because Texas has become a strong incubator for alternative small business finance. In this newest deBanked magazine issue, we went to Dallas-Fort Worth, Austin and Corpus Christi to find out how and why non-bank financing products are flourishing. We were impressed by what we found and inspired just […]

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Are Small Business Borrowers Bank-Loyal to a Fault?

June 1, 2017
Article by:

Main Street Small Businesses

Applying for a small business loan is easier than it’s ever been. Online lenders have streamlined the process, brought it all online and whittled down approval times. Still, the majority of small business owners still think a bank is the only place to get a loan. They’re four times more likely to seek funding from […]

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IOU Financial Reports Q1 Results, Lost $1M

May 31, 2017
Article by:

quarterly results

IOU Financial lent (CAD) $22.1 million in the first quarter of this year, down from $25.4 million over the same period last year. This translated into a $995,085 loss on $4.3 million in revenue. Their quarterly report said that they will continue to focus on achieving profitability in 2017, much like another company in the […]

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Goldman, Cohen Bet on Nav

May 19, 2017
Article by:

Levi King, Nav

CEO Levi King, Nav Goldman Sachs. Steve Cohen. These are a couple of the high-profile investors that small business credit and finance startup Nav has attracted to line its coffers. Nav recently lifted the size of a Series B round by $13 million for lead investor Goldman Sachs Principal Strategic Investments as well as Cohen’s […]

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Are You a Loan Broker? You Need to Be Licensed in Vermont

May 12, 2017
Article by:

Welcome to Vermont

Loan broker licensing may have gotten stalled in New York, but in Vermont, it’s the law. Governor Phil Scott made H. 182 official on May 4th, regulating everyone engaged in loan solicitation with prospective Vermont borrowers. Specifically this applies to anyone that: offers, solicits, brokers, directly or indirectly arranges, places, or finds a loan for […]

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