Business Lending

I Got Funded, OMG I’m a Merchant!

March 3, 2017
Article by:

OMG

This article is from deBanked’s Jan/Feb 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE I’ve read the press releases, interviewed the executives, and written the summaries about the latest and greatest innovations in alternative finance. I’m the guy that’s supposed to know how everything in this industry works, but do I REALLY REALLY […]

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Confidence Stable For Small Business Lenders and MCA Companies

February 26, 2017
Article by:

CEO Industry Confidence Index

Recent events may be putting a slight damper on the confidence of industry CEOs in being able to access capital needed to grow their businesses, but continued success of the industry in general is ticking back up. This data is according to the latest survey conducted by Bryant Park Capital and deBanked of small business […]

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The Road To Training The Best Sales Reps

February 26, 2017
Article by:

Sales Training

This article is from deBanked’s Jan/Feb 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE Alternative-finance industry executives tend to agree on at least two basic rules for building a successful sales team: Hire people who know how to sell and never stop training them. Following the second rule requires knowledge and perseverance. The […]

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Square Capital Made More Loans, Maintained Default Percentage, Continued to Show Why They’re A Tough Competitor in Fintech Loan Market

February 22, 2017
Article by:

Square IPO

Square has continued to set itself apart in the fintech lending space. The company announced Wednesday that Square Capital had facilitated 40,000 business loans for a total of $248 million in the fourth quarter of 2016. And they did that while holding their default rate at 4%. A look at their recent loan volume compared […]

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Prospa, Now Valued at $235 Million, is a Major Online Small Business Lender

February 22, 2017
Article by:

deBanked Down Under

Online small business lending in Australia is taking off, especially for Sydney-based Prospa, who according to the Australian Financial Review, has slightly more than half of the industry’s market share. The company just announced a $25 million (AUD) equity round led by AirTree Ventures that pegged Prospa’s value at $235 million (AUD). Prospa is significant […]

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What Shakeout? Breakout Capital Secures $25 Million Credit Facility

February 8, 2017
Article by:

Carl Fairbank, CEO of Breakout Capital

Put a tally up on the board for small business lenders in 2017. McClean, VA-based Breakout Capital, which just announced a move into a larger office last week, has also secured a $25 million credit facility with Drift Capital Partners. Drift is an alternative asset management company. Breakout is young by today’s industry standards, founded […]

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OnDeck’s COO Announces Resignation Prior to Q4 Earnings

February 3, 2017
Article by:

OnDeck Capital

OnDeck COO James Hobson notified the company on Friday that he is resigning to “pursue another opportunity.” According to the 8-K filed with the SEC, it will become effective on March 15, 2017. Hobson started at OnDeck in 2011 and became the COO in 2012. The announcement comes weeks before OnDeck is expected to disclose […]

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New York’s Proposed Budget Slips In Sweeping Regulation of Non-bank Business Lending and Finance

January 28, 2017
Article by:

Albany Capitol

In New York, Governor Cuomo’s 309-page budget proposal includes a handful of sentences tucked in towards the end (Part EE) that would revise Section 340 of the state’s banking law. And the implications are broad, given that it calls for any person or entity involved in the soliciting, arranging or facilitation of business and consumer […]

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Biz2Credit – Citigroup Small Business Loan Partnership Spotted

January 27, 2017
Article by:

Biz2Credit citibank

Business Insider revealed that Biz2credit and Citigroup have quietly partnered up on a website to make small business loans up to $1 million. There was no actual link to it, so we’ve found it ourselves. The link appears in several areas of Citi’s website under the small business finance category and that brings you here: […]

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New FCC Chairman Ajit Pai Has Been Critical of Serial TCPA Plaintiffs, Record Shows

January 24, 2017
Article by:

Ajit Pai

FCC Commissioner Ajit Pai is the commission’s new chairman, thanks to President Trump. A republican who believes free markets are better for American consumers than highly regulated ones, Pai is likely to offer a sympathetic ear to companies besieged by serial TCPA plaintiffs, a problem that has reached epidemic proportions in the small business finance […]

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