Business Lending

Fintech Startup BlueVine Raises $49 Million in Series D Funding

December 14, 2016
Article by:

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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Fifth Third Bank/ApplePie Capital Deal Great, But Bank Deals For Many Other Business Lenders Still a Pie in the Sky

December 13, 2016
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Apple Pie

Fifth Third Bank is buying a stake in franchise marketplace lender ApplePie Capital as part of a $16.5 million venture round, the WSJ reported. The prediction that non-banks are evolving into banks is slowly coming true, but will the trend in the commercial space continue? Consider that ApplePie has only made 120 loans over the […]

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Alternative Funders Bid Adieu to 2016, Show Renewed Optimism for 2017

December 12, 2016
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Goodbye 2016

This article is from deBanked’s Nov/Dec 2016 magazine issue. To receive copies in print, SUBSCRIBE FREE After getting pummeled in 2016, many alternative funders have licked their wounds and are flexing their muscles to go another round in 2017. “The industry didn’t implode or go away after some fairly negative headlines earlier in the year,” […]

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OnDeck Announces New $200 Million Revolving Credit Facility with Credit Suisse

December 9, 2016
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ondeck logo new

NEW YORK, Dec. 9, 2016 /PRNewswire/ — OnDeck® (NYSE: ONDK), the leader in online lending for small business, announced today the closing of a $200 million asset-backed revolving debt facility with Credit Suisse. In addition to its other funding sources, OnDeck may now obtain funding under the new credit facility with Credit Suisse, subject to […]

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SBA ‘SmackDown’ In Linda McMahon, As Pick for Administrator Brings More WWE to Small Business Funding

December 8, 2016
Article by:

WWE

President-Elect Trump’s pick to head the Small Business Administration is Linda McMahon, the former CEO of World Wrestling Entertainment (WWE). The publicly-traded company has produced many household names over the years, from The Undertaker to Bret “The Hitman” Hart to The Rock. In a public announcement, Trump said “Linda has a tremendous background and is […]

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New deBanked Magazine Issue is On The Way

December 7, 2016
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deBanked Magazine Array With November/December Surprise

The Nov/Dec issue of deBanked magazine is on the way! Can you guess who is on the cover? Hint: his face is blurred out in this image so you can’t cheat! This edition closes the end of 2016, celebrates the journey of an industry veteran, recaps late fall conferences, and reveals new clues and details […]

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Barbara Corcoran, OnDeck Contest Final Aired on Rachael Ray Show

December 6, 2016
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Barbara Corcoran on the Rachael Ray Show for the OnDeck Seal of Approval Final

The OnDeck “Seal of Approval” contest led by company spokesperson Barbara Corcoran recently came down to one final challenge and the results were aired on the Rachael Ray Show on Tuesday. Three small businesses were featured and each won $10,000 paid for by OnDeck. Corcoran couldn’t mention the company enough times. This kind of collaboration […]

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SmartBiz Loans Ranked Number One Provider of Traditional SBA 7(a) Loans Under $350,000

December 5, 2016
Article by:

breaking news

SAN FRANCISCO, CA – December 5, 2016 – SmartBiz Loans, the first SBA marketplace and bank-enabling technology platform, has ranked as the number one provider of non-Express, SBA 7(a) loans under $350,000 for the 2016 government fiscal year. SmartBiz also ranked number five among providers of under $350,000 traditional SBA 7(a) and Express 7(a) loans […]

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The Trump Effect and Bank Partnerships: Noah Breslow Chimes in on BloombergTV

November 30, 2016
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Noah Breslow on Bloomberg

On BloombergTV in Canada, OnDeck CEO Noah Breslow answered questions about a Trump presidency, rising interest rates, and the future of bank partnerships. “Online lending is a secular trend that’s not going away,” Breslow said. “Any product that can be delivered over the internet will be delivered over the internet and money is the ultimate […]

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The CAN Capital Shakeup Is A Sign of the Times

November 30, 2016
Article by:

busting bubble

Update 11/30 7:30 pm: CAN says they are still open for business and still providing access to capital for current customers and renewal business. They are not actively seeking new business at this time, but will evaluate it as it comes in. Part II of the industry’s season finale has begun. On Tuesday afternoon, CAN […]

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