Business Lending

Bizfi Survives, Thanks to World Business Lenders Asset Purchase Deal

September 22, 2017
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World Business Lenders - Bizfi

The Bizfi marketplace is slated to live on, according to Stephen Sheinbaum who joined World Business Lenders (WBL) as a managing director in July. On Wednesday, WBL purchased several assets from Bizfi including the brand, the marketplace, the Next Level Funding renewal book, and other related pieces of the company, he says. Sheinbaum founded Bizfi […]

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The Top Small Business Funders By Revenue

September 14, 2017
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revenue rankings

Thanks to the Inc 5000 list on private companies and earnings statements from public companies, we’ve been able to compile rankings of alternative small business financing companies by revenue. Companies that haven’t published their figures are not ranked. SMB Funding Company 2016 Revenue 2015 Revenue Notes Square $1,700,000,000 $1,267,000,000 Went public November 2015 OnDeck $291,300,000 […]

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Square Wants to Become a Bank

September 6, 2017
Article by:

Jackie Reses Square Capital

Square is expected to apply for an Industrial Loan Company (ILC) bank charter this week, according to American Banker and other sources. Like SoFi, who is busy trying to do the same thing, their attempt will also face competitive resistance. In June, Richard Hunt, president and CEO of the Consumer Bankers Association (CBA), told deBanked […]

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No, Able is Not Going Out of Business, Company Says

September 5, 2017
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Able Lending in Austin, TX

Above: A snapshot of Able’s office when deBanked visited earlier this year An industry blog appears to have stretched the truth, again. On September 1st, Lending Times published a story that relied on an anonymous source to suggest that Austin,TX-based Able Lending is going bankrupt and selling their portfolio. No other compelling evidence is offered […]

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deBanked Golf Outing 2017 Photos

August 29, 2017
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deBanked Golf Outing in Carts

Thanks to Marine Park Golf Course in Brooklyn, NY for having us! And thanks to all who came and sponsored!

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Why BFS Capital’s Glazer Is Passing the Torch

August 22, 2017
Article by:

Marc Glazer

Above: Marc Glazer, former CEO/current chairman, BFS Capital Marc Glazer co-founded BFS Capital in the early 2000s and has remained at the helm all this time – until now. Glazer has passed the torch over to Michael Marrache, effective last week. He isn’t going too far, as the former chief executive will remain chairman of […]

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Tech Banks: Will Fintech Dethrone Traditional Banking?

August 20, 2017
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Will Fintech Dethrone Banking?

This article is from deBanked’s July/August 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE On Halloween, 2014, a largely unknown, Boston-based financial institution, First Trade Union Bank, embraced high-technology, went paperless, and officially adopted a new name: Radius Bank. In reinventing itself, Radius did more than dump its dowdy moniker. It shuttered five […]

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Go West, MCA Broker

August 16, 2017
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Sean Murray on Union Pacific Train

Above: Sean Murray of deBanked aboard a Union Pacific Train in Fort Worth, Texas If you check out the deBanked forum, one of the latest discussions originated from a self-described newbie business owner who wants to know, ‘What separates a successful ISO from the rest?’ The user, who calls himself jellyfish capital, asks the deBanked […]

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PayPal Scoops Up Swift Financial

August 10, 2017
Article by:

Darrell Esch

Above: Darrell Esch, VP and Commercial officer, Global Credit, PayPal Online lending M&A is under way. PayPal is bolstering its merchant lending capabilities with the addition of Swift Financial. While the deal was kept under wraps, some industry participants heard some buzz about a possible combination. PayPal has been investing in its lending arm of […]

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Breslow: The Advantage Goes to Scale Players

August 8, 2017
Article by:

Noah Breslow, CEO, OnDeck

Above: Noah Breslow, CEO, OnDeck OnDeck’s recent quarter answered a host of questions that surrounded the online lender, touching on everything from market share gains, to year-end profitability, to double-digit loan origination growth on the horizon. Another major growth driver that took the spotlight was the partnership between OnDeck and JPMorgan Chase, which has been […]

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