Small Business

AmEx to Launch Small Business Loans on Lendio

April 20, 2016
Article by:

amex card

American Express partners with loan marketplace Lendio to offer merchant financing products.

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Square Goes Back To The Drawing Board, Ahead of First Earnings

February 19, 2016
Article by:

Square register

On March 9th, the payments company will present a scorecard of how it’s doing and what that means for its investors.

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American Express wants to lend more to small businesses

February 10, 2016
Article by:

amex card

AmEx hopes for the small-business loans to make up for the lost revenue from the Costco deal

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The Funding Calls That Won’t Stop

November 23, 2014
Article by:

call center

“Your business has been approved for a loan…” Last week, Chicago Public Radio (WBEZ 95.1 FM) investigated a trend in the small business community, the use of merchant cash advance financing. The station called me in advance to answer some questions about merchant cash advances and I gave my best explanation of the industry and […]

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Are We in a $300 Billion Market?

August 7, 2014
Article by:

stacking turf war

Earlier today on a large group conference call with Tom Green and Mozelle Romero of LendingClub, I learned a few more details about their business loan program. In the Q&A segment, one attendee came right out and asked if they believed their competition was merchant cash advance companies and online business lenders. According to Green, […]

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Making Cents of Short Term Business Lending

June 22, 2014
Article by:

cornersep2008

Where do you see yourself in 5 years? Perhaps you’ve seriously planned what you’ll be doing in mid-2019 or maybe you at least have an idea of how things will play out. It’s only a half a decade after all so how hard could it be to foresee the future? Surely all of us saw […]

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Access to Capital – A Dose of Reality

June 15, 2014
Article by:

newjersey

So much for a lack of transparency… While sitting directly next to Maria Contreras-Sweet, the head of the Small Business Administration, OnDeck Capital’s CEO corrected U.S. Senator Cory Booker’s comments about the APR of their loans. High teens? Not so, said Noah Breslow who explained their average 6 month loan has an APR of 60% […]

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The Deal

May 25, 2014
Article by:

shark

When times are tough, small businesses take chances. Last year, a family run business in Cohasset, MA made a snap decision and agreed to a $75,000 loan with infinity percent interest, literally. The principal was completely repaid in just 74 days but as per the contract, they still had to make fixed interest payments for […]

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The Real Impact on Small Business

May 22, 2014
Article by:

the truth

It’s not easy being in the lending business. Just talking about money can make people uncomfortable. Bringing up how much money you have, don’t have, or wish you had is like bringing up politics at Thanksgiving dinner. It’s taboo in this society. It’s even rude to ask somebody how much they make a year. That’s […]

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Would You Fund This Business?

April 12, 2014
Article by:

lost our lease

Is the site inspection dead? One of the strangest byproducts of the automation age is that underwriting tools once deemed absolutely essential are being replaced with APIs, digital verifications, and algorithmic scoring. Speed is everything, but why? Faster speed through automation allows for scaleability. The promise of speed to a potential customer also encourages them […]

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