Articles by deBanked Staff

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Woman Arrested in Connection With Finance Company Data Theft

June 19, 2018
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Arrested Data Theft

A woman was arrested in the Bronx this morning and charged with felony computer-related theft. The individual, whose name deBanked is not releasing until more information is known, was reportedly stealing customer data from Yellowstone Capital despite not being employed there. The photo shows police officers escorting her out from her home. She is the […]

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Triumph Business Capital Completes Acquisition of Factoring Assets

June 14, 2018
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Construction Factoring Company

Triumph Bancorp, Inc. (NASDAQ:TBK) recently announced the closing of the acquisition of the transportation factoring assets of Interstate Capital Corporation by Advance Business Capital, also known as Triumph Business Capital. Triumph Business Capital is a wholly owned subsidiary of TBK Bank, SSB, which is a wholly owned subsidiary of Triumph Bancorp. The assets acquired include […]

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Reliant Funding is a Sponsor of deBanked CONNECT – San Diego

June 14, 2018
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Reliant Funding

Reliant Funding is a sponsor of deBanked CONNECT San Diego. The half-day event for funders, lenders, brokers and industry professionals is being held at the Andaz on October 4th! REGISTER FOR THE EVENT HERE Check out photos from deBanked’s past CONNECT event in Miami

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National Funding is the Title Sponsor of deBanked CONNECT – San Diego

June 14, 2018
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National Funding logo

National Funding has signed on as the title sponsor of deBanked CONNECT San Diego. The half-day event for funders, lenders, brokers and industry professionals is being held at the Andaz on October 4th! REGISTER FOR THE EVENT HERE Check out photos from deBanked’s past CONNECT event in Miami

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An Inside Look at Strategic Funding’s Portfolio

June 10, 2018
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credit grade

A Kroll Bond Rating Agency report reveals interesting details about Strategic Funding Source’s $105 million securitization and also their business. Here are a few main takeaways: Pool breakdown 60% MCA 40% Loans Average original receivable balance per merchant: $40,705 Weighted Average FICO Score: 649 Weighted Average RTR Multiple: 1.35 Weighted Average Time in Business: 12.5 […]

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PeerIQ Report Shows Mixed Signs for Non-Bank Lending

June 7, 2018
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PeerIQ Lendit

PeerIQ released its 2Q2018 Lending Earnings Insight Report today, presenting forward-looking insights into the FinTech & non-bank space.    The report said that CEOs and CFOs see tax reform as increasing consumers’ disposable income. However, “an increasing supply for credit and demand for credit, as well as re-normalization trends and increased competition are leading to […]

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$400M A Year: Fora Financial / US Business Funding Deal to Make Fora an Originations Leader

June 5, 2018
Article by:

Dan Smith, Jared Feldman of Fora Financial

Fora Financial’s newly acquired stake (a significant one) in US Business Funding will put them on track to originate $400 million a year, the company said. Those numbers will place them on the list with industry titans like BFS Capital, Strategic Funding and National Funding. The co-founders of Fora were previously featured on deBanked’s Jan/Feb […]

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Yellowstone Capital Funded $64.5M in May

June 4, 2018
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Yellowstone Capital

Yellowstone Capital originated $64.5M in funding to small businesses in May, according to the company. The figure topped their previous month of $61M.

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IOU Financial Has Profitable Q1

May 29, 2018
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IOU Financial Website

IOU Financial reported a net income of $797,198 (CAD) in Q1, according to their latest quarterly financial statements. Despite primarily lending to US-based small businesses, IOU is headquartered in Canada, where the company is listed on the TSX Venture Exchange. IOU’s market cap at the market’s close on Friday, was less than $15 million. For […]

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Rapid Capital Funding Sues North American Bancard

May 24, 2018
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law and order

Miami-based Rapid Capital Funding (RCF) and its CEO, Craig Hecker, have filed a lawsuit against North American Bancard (NAB), NAB CEO Marc Gardner, and other related parties, court records show. The claims, which are related to NAB’s acquisition of RCF in 2014, state that Hecker and RCF are seeking more than $25 million in damages. […]

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