Mid-year Signals in SMB Financing

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This year has been a roller coaster. Here are some of the big mid-year headlines to consider about the direction of where things are going:

Events
9/14/26 Enova: Withdrew its application to acquire Grasshopper Bank
8/28/26 Stripe: Withdrew its bid to acquire PayPal
8/14/26 Lendio: Macro-market conditions were difficult in Q2
7/29/26 LendingTree: SMB Lending Business Softened in Q2

Growth
8/25/26 Intuit: Revenue growth continues to be driven by working capital loans to small businesses
8/6/26 Nerdwallet: [SMB] loans is growing year-over-year
8/5/26 Shopify: [Shopify] Capital was a larger driver this quarter
7/30/26 Lightspeed: MCA business expanding

Capital Markets
9/15/26 Forward Financing: Inks $1.8B forward flow agreement
8/18/26 Clearco: Secures $100M
7/27/26 InterVest Capital: acquires Kapitus
7/16/26 Forward Financing: Secures $525M
7/10/26 Spartan Capital: Secures $160M
6/15/26 Fora Financial: $130M Securitization
6/8/26 Byzfunder: announces $170M inaugural ABS
5/27/26 Mulligan Funding: $100M ABS
5/12/26 Credibly: $260M securitization
Last modified: September 15, 2026

Category: Industry News

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