Business Lending

Amazon Sure is Making a Lot of Small Business Loans

March 26, 2017
Article by:

Amazon

Amazon had $661 million in seller receivables at the end of 2016, according to their earnings report, nearly double from the year before. These receivables are from loans made to small businesses (primarily to purchase inventory) who are sellers on their platform. Apparently the lending business is going well for them too, since they claim […]

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If Kabbage Wanted to Buy, Would OnDeck Sell?

March 24, 2017
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OnDeck Capital

A single line in a Reuters story was enough to cause OnDeck’s stock to jump by as much as 11% on Thursday. Industry blogs and news outlets had reacted pretty quickly to word of an unnamed source claiming that OnDeck is a potential acquisition target if Kabbage raises a new equity round. OnDeck closed for […]

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Citing Unnamed Sources, Reuters Reports Kabbage Possibly Looking to Acquire OnDeck

March 23, 2017
Article by:

whispers

Reuters is reporting that Kabbage is in talks to raise equity capital to potentially use for acquisitions and that OnDeck is one of several targets under consideration. As Reuters attributed the OnDeck portion to just one of their multiple unnamed sources, it’s entirely speculative at this point. From a theoretical perspective, would such a thing […]

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Managing Risk in Small Business Lending

March 16, 2017
Article by:

Risks

Two years ago, I left a promising career at PayPal, a major technology giant, for what some considered a risky move: I joined BlueVine, a young fintech startup. My title: vice president of risk. This year, I took on an even bigger role when I was named chief risk officer of the Silicon Valley company, […]

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Kabbage CEO Rob Frohwein Pokes Fun at “Alternative Lending”

March 14, 2017
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Alternative Lending is just lending

At LendIt, Kabbage CEO Rob Frohwein poked fun at alternative lending, suggesting that it should just be called lending. His presentation, titled “Alternative Lending is Dead Long Live Data,” put the last few years of irrational exuberance into perspective. Below are some of his one-liners: “You don’t disrupt banks by focusing on the advantages that […]

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On The Line With BlueVine After a Big Year

March 13, 2017
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Blue Invoices

Helping businesses get paid on their invoices faster is a big market. So big, in fact, that when I met up with BlueVine CEO Eyal Lifshitz at LendIt last week, his company had just recently secured a $75 million warehouse credit line with Fortress. BlueVine had also just come off of a big year in […]

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New York’s State Government is Competing With Online Lenders on Pay-Per-Click and Misinforming Small Businesses

March 10, 2017
Article by:

ny small business loan search

Move over online lenders, New York’s financial regulator is apparently shelling out big bucks to steer away New York’s online small business loan searchers to THEMSELVES. As someone who has historically kept tabs on Google’s search results for lending related keywords, this new result is one of the more interesting developments I’ve seen yet. From […]

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In Canada, Alternative Business Finance Industry Similar, Yet Different

March 8, 2017
Article by:

Canada

David Gens believes the top 3 alternative small business finance players in Canada are funding between $15 million and $20 million to small businesses a month combined. That’s a small market compared to the US, where the top 3 companies are funding close to a half billion dollars per month. Gens, who has a background […]

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The Top Small Business Funders of 2016

March 6, 2017
Article by:

2016 volume

The MCA and small business lending origination numbers for 2016 are in. In some cases, a company may have merely placed or facilitated an acquired customer with a partner or competitor (but still counted them in their annual volume) and thus the figures do not necessarily represent what actually went on balance sheet. The rankings […]

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How Banks Are Coming Back to SME Lending (Summary)

March 6, 2017
Article by:

Julie Chen Kimmerling, Chase - Brock Blake, Lendio - Nadeem Tufail, Bank of America

The banks are no longer sitting on the sidelines of small business lending. At LendIt on Monday, Panelists featuring representatives from two of the biggest banks in the country, reminded young upstarts that they intended to be the primary capital sources for small businesses. Unlike JPMorgan Chase which partnered with OnDeck, Bank of America (BoA) […]

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