Business Lending

Funding Circle’s Hodges Talks $250 Billion Opportunity

August 3, 2017
Article by:

Sam Hodges

Funding Circle, a marketplace that matches small businesses with lenders, broke a new barrier in the first half of 2017 with an 80 percent spike in global lending by about GBP 800 million. The U.S. marketplace lending arm, which was merged with UK-based Funding Circle in 2013, has experienced rising momentum over the same period. […]

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Marcus Lemonis Rebuked Kabbage on Twitter

August 3, 2017
Article by:

Inkkas the Profit

Above, a screenshot of Marcus Lemonis doing a deal with Brooklyn-based shoe brand Inkkas on Season 3 While the fintech community heralded Kabbage’s $250 million Series F round this morning, small business fixer and CNBC TV star Marcus Lemonis was not impressed. On twitter, Lemonis wrote to Squawk Box host Carl Quintanilla, who was airing […]

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Square Capital Funded $318M in Q2

August 3, 2017
Article by:

Square IPO

Square’s small business lending arm, Square Capital, issued 49,000 business loans for a total of $318 million in Q2, according to their earnings report. That’s a quarter-over-quarter increase of 26.7% and slightly more than half the loan volume that their rival OnDeck originated in Q1. That statistic is significant because Square is a payment processor […]

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Tips From the Source: Small Businesses Told deBanked How They Wanted Loans to be Marketed to Them

July 31, 2017
Article by:

Main Street Brick

This article is from deBanked’s Jul/Aug 2017 magazine issue which appears under the title, Practical Tips for Marketing to Small Businesses. To receive copies in print, SUBSCRIBE FREE Small business owner Jim Moseley is inundated with calls from online funders—and he hates it. They frequently use unscrupulous tactics to try and get his attention. More […]

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As Some Alternative Lenders Stumble, Lendio Surpasses New Milestone

July 27, 2017
Article by:

Brock Blake Full

Salt Lake City-based Fintech startup Lendio has surpassed the $500 million threshold for loans originated to U.S. small businesses through its online marketplace. Lendio has been on a tear, evidenced by the fact that much of that amount, or $453 million, was done in the past two years. The loans were distributed to 21,000-small businesses, […]

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Amazon vs. Banks

June 23, 2017
Article by:

Amazon vs Banks

Amazon made headlines most recently for its blockbuster acquisition of Whole Foods, but the online behemoth already disrupted another sector – fintech — including banks and online lenders when in 2011 it started lending to small businesses. So far Amazon Lending has extended $3 billion-plus in capital to the small business community, a cool billion […]

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Alternative Lenders Spread Their Wings Internationally

June 20, 2017
Article by:

global business

This article is from deBanked’s May/June 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE As alternative lending gains global traction, a growing number of U.S-based alternative lenders are exploring international growth, with large companies like OnDeck, Kabbage and SoFi leading the way. Some alternative lenders have begun their expedition closer to home by […]

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The ‘Loan’ Star State – Texas is an alternative finance nexus

June 15, 2017
Article by:

Austin, TX

This article is from deBanked’s May/June 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE We’re at Able Lending in Austin, Texas, a financial technology company occupying three floors deep in the heart of the Seaholm power plant overlooking Lady Bird Lake. The fortress-like building anchors an inner-city complex of offices and residences, chic […]

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Sound Bites From Underwriting – The Risk of Imperfect Merchants

June 12, 2017
Article by:

underwriting blind

When you’re funding a business, does the risk begin and end with the business? Or does the character of the owners play a role? Can you judge the business on weak financials if your product is geared towards weak financials to begin with? And can you trust unaudited internally prepared financial statements? At the Factoring […]

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Sound Bites From Underwriting – Gambling With a New Broker

June 9, 2017
Article by:

red flags

At the Factoring Conference during a portfolio warning signs panel, Emma Hart, the COO of Sallyport Commercial Finance, was asked if she recalled any red flag situations that hinted at collusion. Whether in factoring or not, you can probably relate to this situation with a new broker: We had one fairly recently that we should […]

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