Archive for 2019

Can a Merchant’s FICO Score Increase By the End of the Day?

March 16, 2019
Article by:

credit scoring

Earlier this week, Alan Hayon had a challenge – to get a merchant above a 500 FICO score in order to make them eligible for small business funding. Within 30 minutes, Hayon increased the merchant’s personal FICO score by 59 points, getting them above 500. And the deal funded the following day. Hayon is the […]

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Business Loan Brokers Indicted

March 16, 2019
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handcuffs and money

Five business loan brokers were named in a federal indictment in Ohio for defrauding a 69-year-old business owner out of his money and cars. In addition to being asked for hundreds of thousands of dollars in upfront fees to apply for the loan, the victim signed over the title of 55 vehicles to a broker […]

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LinkedIn Posts Are Turning Into Deals & Dollars

March 14, 2019
Article by:

LinkedIn

On average, I sign up one ISO every time I post a message on LinkedIn, says Jennie Villano, VP of Business Development at Kalamata Capital Group. They don’t all end up submitting business, she adds, but overall it works. It costs her nothing more than her time and it produces results. Villano is among the […]

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Competition Steps Up in Canadian Small Business Lending Market

March 11, 2019
Article by:

Canada

Last week’s announcement by Funding Circle that it will establish an operation in Canada later this year is part of a trend of large non-Canadian funders entering or expanding into the Canadian market, according to Adam Benaroch, President of CanaCap, a small business funder based in Montreal. Funding Circle started in the UK and expanded […]

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Common Mistakes Commercial Tenants Make

March 8, 2019
Article by:

Space interior

deBanked recently heard a live presentation given by Dale Willerton, “The Lease Coach.” Willerton is an expert in helping commercial retail tenants to find and negationate spaces. But much of his advice applies to commercial office tenants as well. Below are some common mistakes he urges tenants to avoid: Not Looking at Multiple Spaces Simultaneously […]

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Storytelling Sales Expert Kindra Hall to Keynote Broker Fair 2019

March 7, 2019
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Kindra Hall

Sales expert Kindra Hall will present at Broker Fair 2019 to teach attendees about the irresistible power of strategic storytelling. If you want to learn to sell differently and use the power of storytelling, her keynote is something you won’t want to miss! According to Hall, the shift from a transactional economy to a connected […]

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Acquisition Costs Compared for GreenSky, Square, PayPal, OnDeck, Lending Club, and Prosper

March 5, 2019
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GreenSky graph

Greensky, a consumer lending company, wants investors to know how low its acquisition costs are relative to the competition. The chart above, which appeared in their year-end earnings report, showed how much lower their sales & marketing expense ratio is versus Square and PayPal. deBanked examined three additional fintech lending companies and ranked them as […]

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Download Previous deBanked Magazine Issues Free

March 4, 2019
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deBanked book shelf

Did you know that you can download previous deBanked magazine issues for free? Simply click any issue on our digital bookshelf to download it in PDF. To receive future issues in print, subscribe here.

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Analyzing Confessions of Judgment

March 4, 2019
Article by:

Platzer

Platzer, Swergold, Levine, Goldberg, Katz & Jaslow, LLP (“Platzer”) has built one of the leading Merchant Cash Advance practices in New York City. With years of experience handling traditional lending transactions, Platzer has expanded its representation to Merchant Cash Advance Companies (“MCA”) in all aspects of their business cycles, including Participation Agreements, Assets Utilization, Transactional […]

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Affirm Partners with Walmart for Payments

February 28, 2019
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Walmart

Walmart customers can now pay for items using credit from Affirm, the online consumer lender announced yesterday. Walmart customers can find out how much they qualify for online and then make online or in-store purchases with in three, six or twelve monthly installments. A credit decision is made in real time and does not affect […]

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