Business Lending

The Small Business Lender Rankings (A preliminary peek)

January 4, 2017
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Small Business Lender Rankings

Here’s a peek at how some of the industry’s largest alternative small business lenders were doing for the year in originations as they headed into the last quarter of 2016. This data should be considered an estimate and is obviously not comprehensive. Still, this should give you a clue where some players will end up: […]

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THE SCAMMER OF SALAMANCA – How a former MCA broker wreaked havoc on an entire industry

December 25, 2016
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Scammer of Salamanca

This article is from deBanked’s Nov/Dec 2016 magazine issue. To receive copies in print, SUBSCRIBE FREE Last year, one small business owner pinged an expert online to see if a company named Corporate Restructure Inc. was legitimate, according to a question published on JustAnswer.com. The poster, who was anonymous, said the company offered to take […]

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CAN Capital Shareholder Files Lawsuit

December 25, 2016
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court ruling

Add an aggrieved shareholder to the list of CAN Capital’s recent messes. On December 19th, Deborah Clearman filed a motion for summary judgment in lieu of a complaint in the New York Supreme Court, alleging that CAN had failed to comply with a settlement agreement that stipulated she be paid $150,000 by November 14, 2016. […]

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CAN Capital’s Collateral ‘Adjustment’

December 24, 2016
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hard times

Last month, CAN Capital disclosed that they had “self-identified that some assets were not performing as expected” on the same day that three of the company’s top executives were put on leave. Since then it’s been reported that a discrepancy arose when CAN’s old systems were not equipped to handle the shift from variable payment […]

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Broker Running Around Calling Himself a ‘Direct Lender’ Shut Down by CA Regulators

December 21, 2016
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California Lending

A loan broker representing themselves to be a “direct lender,” was not a direct lender at all, according to witness testimony entered against Financial Services Enterprises DBA Pioneer Capital. The California Department of Business Oversight (DBO) noted in its case against Pioneer that “the evidence did not show that respondent actually funds loans itself, and […]

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Citizens Bank to Use Fundation’s Tech and Services in 2017

December 21, 2016
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banks

Fundation is back at it, this time announcing a deal with Citizens Bank to offer “digital lending capabilities to small business customers.” According to a press release: The added capability will enable small businesses to apply for loans and lines of credit through a simple online application at citizensbank.com. In most cases approval is provided […]

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The Twelve Days of Funding

December 20, 2016
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On the Twelfth day of funding, my true love gave to me A 12-point upsell Eleven minutes to close it A 10-month payback Nine days in underwriting Eight years in business Seven hundred FICO Six brokers competing Five credit pulls! Four months bank statements Three locations Two NSFs And a merchant that’s not in bankruptcy! […]

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A True Rapid Advance For Mark Cerminaro

December 16, 2016
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Mark Cerminaro - Top Half of deBanked Cover

This article is from deBanked’s Nov/Dec 2016 magazine issue. To receive copies in print, SUBSCRIBE FREE In the 1999 film “Any Given Sunday,” Al Pacino plays a pro football coach whose obsession with winning has torn apart his family. He’s also plagued by a meddlesome team owner, challenged by an offensive coordinator who’s after his […]

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RapidAdvance’s Mark Cerminaro is deBanked’s November/December Cover

December 14, 2016
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Mark Cerminaro of RapidAdvance

It’s been a quick rise for Mark Cerminaro, who won the 2016 Commercial Finance Association’s 40 Under 40 Award and is the Chief Revenue Officer of RapidAdvance based in Bethesda, MD. He is featured in the November/December issue of deBanked magazine that is currently being delivered to subscribers nationwide. If you haven’t already subscribed, you […]

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Fintech Startup BlueVine Raises $49 Million in Series D Funding

December 14, 2016
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company news

The company has provided more than $200M in financing to thousands of businesses In response to customer demand BlueVine is increasing credit lines to $2 million for invoice factoring and $100,000 for business lines of credit Company is expanding strategic relationships with partners like Intuit REDWOOD CITY, Calif. (December 14, 2016) ­ BlueVine, a leading […]

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