Business Lending

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 […]

View Post

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 […]

View Post

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

March 29, 2017
Article by:

debt cure

View Post

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 […]

View Post

If Kabbage Wanted to Buy, Would OnDeck Sell?

March 24, 2017
Article by:

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 […]

View Post

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 […]

View Post

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, […]

View Post

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 […]

View Post

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