Archive for November, 2026
Square Loans Has Consistently Beat its 4% Loss Target
November 5, 2026Square Loans isn’t just the largest originator of online small business loans that deBanked tracks, they’ve also managed to beat their 4% loss target every year for the last 10+ years.
“Since launching Square Loans in 2014, we’ve been able to hold loss rates consistent with our target while meaningfully expanding eligibility to more and more customers,” the company said in its Q3 shareholder letter. “Every annual Square loan cohort has performed in line with or better than our 4% loss target, and we’ve been able to grow Square Loans at a 27% CAGR over the past decade because of our disciplined underwriting approach, proprietary data, and world-class expertise.”
During the earnings call, Block’s Head of Underwriting, Juan Hernandez, said that their success with Square Loans is a “core part of their DNA.”
Square Loans benefits from the POS ecosystem that Square provides its clients.
Revenue Based Finance Coalition Executive Director Mary Donohue Issues Statement Following 2026 Midterm Elections
November 4, 2026WASHINGTON, DC – Revenue Based Finance Coalition Executive Director Mary Donohue issued a statement following last night’s midterm election results:
“The Revenue Based Finance Coalition congratulates candidates across the country on their election victories. As a new legislative chapter begins, we look forward to working with policymakers on both sides of the aisle to protect and expand access to the flexible financing options businesses need to grow and succeed. Revenue-based financing plays an important role in helping small businesses access capital, particularly when traditional financing options may not meet their needs. We remain committed to advancing balanced, commonsense policies that promote transparency, protect business owners, and support continued innovation in small business financing.”
About RBFC:
The Revenue Based Finance Coalition brings together responsible providers of flexible, growth-oriented funding to support small and medium-sized businesses. Representing a broad network of funders, brokers, ISOs, and industry vendors, RBFC advocates for policies that enhance access to revenue-based financing, collaborating with policymakers to build a sustainable, innovative financial ecosystem.
LendingTree: Small Business Lending in Much Better Position
November 3, 2026“…Q2 was a trough in the performance of small business lending, and we did see strong sequential growth,” said Scott Peyree, CEO of LendingTree during the Q3 earnings call. “We are still on the path to getting back to our all-time records of Q4 of last year and Q1 of this year, but we are feeling that the industry is in a much better position, and we are tracking to continued growth. As a matter of fact, September and October were our two best SMB concierge sales months since January of this year.”
Concierge sales was a reference to their concierge service where they connect small business owners with an expert that can help them compare loan options. “Using this individualized approach, LendingTree’s SMB concierge service has connected more than 5,000 borrowers with over $300 million of loans in the past year,” Lending Tree’s website states.
LendingTree said that it is focused on driving organic traffic to generate more business and that there is a lot of room to grow it.
“We also feel that there’s a lot of growth just in areas where we’ve arguably been under-indexed compared to our competitors over the last number of years, and that would be social media, which is a massive world of consumers, business development, publishers,” said Peyree. “We’ve been building a lot of ad tech around that over the past nine months, and we’ll probably continue investing even more heavily in that to just really get to have really good platforms and good ad tech where we can go and place our ads and have publishers and partners more easy to work with us. We feel like that’s just a major, like I would almost call it, ‘if you build it, they will come’ situation. We just got to build more of the stuff, onboard more partners, and that will just drive a lot more traffic there as well.”
Shopify Capital Originates $1.5B in SMB Loans and MCAs in Q3, Shares Delinquency Data
November 3, 2026Shopify Capital originated $1.5 billion in small business loans and merchant cash advances in Q3, putting the company at $4.3B for the year so far and already ahead of 2025’s full-year total.
This data came from their quarterly report:
The following table presents the delinquency status of the gross amount of loans and merchant cash advances by year of origination. The delinquency status is determined based on the number of days past the contractual or expected repayment date for which the Company anticipates to receive the amounts outstanding. The “current” category represents balances that are anticipated to be repaid within 29 days of the contractual repayment dates, or are anticipated to be repaid within 29 days of the expected repayment date.
91.1% of their deals are current while 6% are more than 180 days delinquent.
