Business Lending

On The Line With BlueVine After a Big Year

March 13, 2017
Article by:

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 […]

View Post

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 […]

View Post

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 […]

View Post

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 […]

View Post

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, a panel 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 […]

View Post

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 […]

View Post

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 […]

View Post

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 […]

View Post

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 […]

View Post

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 […]

View Post