ISO Alleged to Have Forged a Confession of Judgment

November 6, 2017
Article by:

Courtroom

Underwriters, keep your eyes on the notary stamps. A lawsuit filed in the New York Supreme Court last week by a merchant cash advance company against an ISO and several co-defendants, alleges that an ISO was partially responsible for damages when a merchant defaulted. And they make a compelling argument. In this case where a […]

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CFC on the Front Lines of the MCA Regulation Battle

November 6, 2017
Article by:

Capitol Building

As the US Senate attempts to reach a bipartisan agreement on relaxing some of the rules in the Dodd Frank legislation of 2010 that would treat banks more favorably, the MCA industry is having to fend off legislation and regulation of its own at the state and federal levels that could position funders in a […]

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View From The C-Suite: Alternative Funding Execs Talk Shop, The Landscape, And The Future

October 30, 2017
Article by:

Board room

Alternative funders have had a roller coaster 2017 with highs and lows that will likely be remembered as a high-stakes time for the industry, one in which the rubber met the road for many and the market landscape shifted for everyone from funders, to merchants to brokers. Three C-Suite executives in the alternative funding space […]

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Goodbye Liens and Judgments

October 28, 2017
Article by:

SHREDDED

This story is from deBanked’s Sept/Oct 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE Credit Bureaus have stopped reporting this data, so now what? Justice can require sacrifice. Take the example of a decision by the three major credit bureaus – Equifax, Experian and TransUnion – to stop including some liens and most […]

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Watch the House Subcommittee Hearing on Fintech and Online Small Business Lending

October 26, 2017
Article by:

Rayburn Building

deBanked streamed the small business subcommitte hearing that took place at 10AM EST in Room 2360 of the Rayburn House Office Building on October 26th. If it’s not loading below, you can watch it at: House Small Committee website. Kate Fisher, a partner at law firm Hudson Cook, testified on behalf of the Commercial Finance […]

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Newtek (NASDAQ: NEWT) Acquires United Capital Source

October 25, 2017
Article by:

Jared Weitz United Capital Source deBanked Magazine

Newtek (NASDAQ:NEWT), a leading provider of key business and financial solutions, has acquired NY-based United Capital Source (UCS). Terms of the deal were undisclosed except that UCS has become “wholly owned” which means that all of the company’s shares were acquired. UCS CEO Jared Weitz was previously featured on the cover of our Sept/Oct 2015 […]

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The Top Small Business Funders By Revenue

October 23, 2017
Article by:

small business funders ranked by revenue

This is from deBanked’s Sept/Oct 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE The below chart ranks several companies in the non-bank small business financing space by revenue over the last 5 years. The data is primarily drawn from reports submitted to the Inc. 5000 list, public earnings statements, or published media reports. […]

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The Voice of Main Street – Small Businesses Share Their Experience With Non-bank Finance

October 18, 2017
Article by:

business owners

This story is from deBanked’s Sept/Oct 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE If she hadn’t scored the $250,000 loan through Breakout Capital in 2015, Jackie Luo says, the commercial-software firm she heads in Baltimore could not have made the “strategic hires” and purchased the new server to support additional customers and […]

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The Sept/Oct 2017 Issue of deBanked Magazine Has Shipped

October 12, 2017
Article by:

deBanked Magazine September/October 2017

The latest issue of deBanked Magazine has shipped. In this issue we explore a new rule implemented by credit bureaus surrounding the reporting of liens and judgments, the shifting landscape for lead generators, and once again, what merchants themselves are saying about their experiences with online loans and merchant cash advances. There’s a lot more […]

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Bizfi Alum Jared Weitz Reflects on Demise of Former Employer and Rise of UCS

October 9, 2017
Article by:

Jared Weitz deBanked Magazine Cover United Capital Source

Jared Weitz has come a long way since his earlier days as one of the original Bizfi employees. Today he’s at the helm of online funding marketplace United Capital Source (UCS), which has been on a tear since deBanked last spoke with Weitz a couple of years ago. The UCS founder and chief executive took […]

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