Business Lending

The Secret to Reviving Your Alternative Lending Business

April 14, 2017

programmer

It’s no secret times are changing for Small and Medium Enterprise (SME) lending. I think we can all agree the easy return on investment has given way to rising defaults and an origination engine that sounds like it’s barely chugging along. We all know the basic math in this business. Put lots of money on […]

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81% of Online Business Lending Borrowers Report Being Satisfied or Neutral

April 12, 2017
Article by:

satisfaction levels

The latest Small Business Credit Survey published by the Federal Reserve shows that 81% of small business borrowers were either satisfied or neutral about their online loan experience. Online lenders were defined as nonbank alternative and marketplace lenders, including Lending Club, OnDeck, CAN Capital, and PayPal Working Capital. Of the 19% that were dissatisfied, nearly […]

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Can Factors and MCA Companies Get Along?

April 7, 2017
Article by:

Cowboy

At the factoring conference in Fort Worth, TX on Thursday, the 2 PM panel was officially called The Fintech Disruption. But it could’ve just as easily been named The MCA Disruption considering that the panelists all ran companies engaged in either unsecured business lending or MCA. The tension in the packed room was palpable. For […]

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StreetShares Reports $2.8M Loss on Just $277,000 in Revenue For Last Six-Month Period

March 30, 2017
Article by:

Veterans small business lending

StreetShares, an online small business lender that is self-described as proudly veteran-run, published their most recent financial statements with the SEC earlier this week. For the six-month period ending December 31st, 2016, StreetShares recorded a $2.8 million loss on $277,883 in revenue. Over the same period in the prior year, they recorded a $1.35 million […]

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Enrolling a Merchant’s “Debt” May Be Harmful… to the Merchant

March 29, 2017
Article by:

debt cure

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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
Article by:

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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