Announcements

Kabbage Taps Debt Capital Markets for a Cool $200 Mil

November 16, 2017
Article by:

Kabbage Logo

Kabbage has been accessing the capital markets fast and furiously, most recently on the debt side. Today they’ve announced a new $200 million asset backed revolving credit facility with Credit Suisse. Just a couple of months ago, Kabbage attracted $250 million in equity to its coffers from SoftBank, which the alternative funder will direct toward […]

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LENDUP HIRES FIRST CHIEF FINANCIAL OFFICER, ANNOUNCES SIGNIFICANT GROWTH MILESTONES

November 7, 2017
Article by:

company news

Bill Donnelly, a 30-year consumer credit veteran, joins as LendUp’s first CFO; Chief Data Scientist and General Manager of Loans also join Company’s innovative products have saved customers $150M and delivered 1.7M education courses San Francisco, November 8, 2017 — LendUp, a socially responsible fintech company for the emerging middle class, today announced that Bill […]

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6th Avenue Capital Secures $60 Million Commitment For Merchant Cash Advance Funding

November 2, 2017
Article by:

breaking news

Highly Experienced Executive Team Offers Flexible Financing Options to Small Businesses New York City – November 2, 2017 – 6th Avenue Capital, LLC (“6th Avenue Capital”), a leading provider of small business financing solutions, announced today its securement of a $60 million commitment from a large institutional investor. The investor made their commitment based on […]

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Fundera Passes $500M in Loans Funded to 8,500+ Small Businesses

November 1, 2017
Article by:

company news

(New York, NY–Nov 1, 2017) – Fundera, the trusted advisor and online marketplace for small business financing, today announced that it has surpassed the $500 million mark in loans funded to over 8,500 small businesses on its platform. Fundera’s platform allows small business owners to apply to a curated network of 25-30 lenders in the […]

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StreetShares Reports $6.2M Loss For Fiscal Year 2017

October 31, 2017
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Veterans small business lending

StreetShares, the veteran-run small business lender, continued to post sizable losses, according to their June 30th fiscal year-end financial statements. The company had a $6,193,154 loss on only $2,168,067 in revenue. While StreetShares has generated significant buzz for their particular focus on military-owned small businesses, the lender only made 751 loans in the 12-month period […]

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CommonBond Closes $248 Million Securitization, Secures Inaugural S&P Rating of AA

October 27, 2017
Article by:

news pad

Securitization Is CommonBond’s Largest and Highest-Rated to Date; Receives Aa2/AA/AA(high) Ratings from Moody’s, S&P, and DBRS NEW YORK (October 27, 2017) – CommonBond, a leading financial technology company that helps students and graduates pay for higher education, today announces the close of a $248 million securitization of refinanced student loans. The offering’s most senior notes […]

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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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Katherine Fisher to testify before House Small Business Subcommittee

October 24, 2017
Article by:

Katherine "Kate" Fisher Hudson Cook

Fisher will provide testimony at hearing on Oct. 26 regarding improving small business capital access Hanover, Maryland, October 23, 2017 – Katherine “Kate” Fisher, a partner in the Maryland office of Hudson Cook, LLP, is scheduled to speak at a hearing before the Congressional House Committee on Small Business in Washington, D.C., on October 26, […]

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OAREX Secures $10,000,000 in Funding, Strengthens Digital Media Presence

October 24, 2017
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Oarex

CLEVELAND, OH – OAREX Capital Markets, Inc. (“OAREX”), a leading non-bank financing institution providing financing for digital media companies, today announced that it has closed on a $10,000,000 line of credit from a group of lenders, led by Arena Investors, LP, a New York-based global investment firm. OAREX accelerates programmatic advertising revenue for digital publishers […]

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Online Small Business Lending Provides Benefits to Small Business Owners, Finds New Survey

October 23, 2017
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trade groups

The new study sponsored by a joint trade coalition finds small business owners utilize online business lenders to grow their businesses and to power the American economy. Washington, D.C., October, 23, 2017 – Four leading trade associations – Electronic Transactions Association, Innovative Lending Platform Association, the Marketplace Lending Association, and the Small Business Finance Association […]

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