Articles by deBanked Staff

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Commercial Finance Coalition to Host Open House in NYC

December 11, 2018
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CFC Open House

The Commercial Finance Coalition, an industry trade group, is hosting an open house for current and prospective members on December 18 in New York City. It’s at the Park Avenue Tavern from 6pm to 8pm. If you are interested in attending, please contact Mary Donohue at mdonohue@polariswdc.com.

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Finitive Appoints Neil Wolfson to Board

December 10, 2018
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Neil Wolfson

Finitive announced today that it has appointed Neil Wolfson to its Board of Directors. Wolfson also serves on the Board of Directors at OnDeck. “Finitive has established an innovative platform to provide institutional investors with direct access to alternative lending investments,” said Wolfson. “Finitive’s platform brings further transparency to this asset class.” According to an […]

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Small Business Optimism Is Up for 2019

December 7, 2018
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Main Street Small Businesses

American small businesses plan to finish 2018 with a bang, according to the fall 2018 Bank of America Business Advantage Small Business Owner Report. And they’re optimistic about the year ahead. In the report, based on a semiannual survey of 1,000 small business owners across the country, 80% of entrepreneurs say they are confident that […]

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Senate Bill Introduced to Ban Confession of Judgments Nationwide

December 6, 2018
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Senator Marco Rubio

Senators Sherrod Brown and Marco Rubio have called for a nationwide ban on Confessions of Judgment in response to the Bloomberg Businessweek series published last month. The bill, which would amend the Truth in Lending Act, may be named the Small Business Lending Fairness Act. You can download the bill here Though Businessweek has been […]

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Signature Bank Partners with trueDigital

December 4, 2018
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Blockchain

Today, Signature Bank unveiled a proprietary digital payments platform for its commercial clients, according to a statement released by the bank. The platform, called Signet, is designed to allow Signature Bank’s commercial clients to make real-time payments in U.S. dollars, every hour of the year. “The ability to transmit funds between approved, fully vetted commercial […]

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Small Business Forums

November 30, 2018
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Main Street Small Businesses

If you’re a business owner with small business questions, we recommend the following helpful sources: A SCORE Workshop Small Business Forum This online community is geared towards storefront businesses, is free to join, and is not filled with ads. Business Advice Forum This online community is geared towards online businesses, is free to join, and […]

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Patriot Bank Expands SBA Lending

November 28, 2018
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SBA Loans

Connecticut-based Patriot Bank announced today the overall expansion of its small business lending operation. At the beginning of the month, it added to it board of directors Brent Ciurlino, a former SBA official who served as Director of the Office of Credit Risk Management for the SBA. There, he supervised the $105 billion SBA 7(a) […]

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1st Global Capital Consents With SEC

November 28, 2018
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SEC Building

Subject to approval in two courts, 1 Global Capital LLC (aka 1st Global Capital) has confirmed it will consent with the SEC to be permanently enjoined and restrained from violating securities laws. The papers were submitted to the Court yesterday. Though the terms include 1st Global Capital’s California counterpart, 1 West Capital, LLC, there is […]

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Who Are the New York City Marshals?

November 28, 2018
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NYC

In 2017, New York City Marshal Ruth Burko earned less in poundage than she owed the city in annual fees. At 91-years old, Burko’s tenure as a city licensed judgment enforcer has finally come to an end. She technically announced her retirement at the end of 2016 but her long career began when Mayor John […]

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SBA Loans Increase Slightly in 2018

November 26, 2018
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SBA Loans

SBA total loan volume exceeded $30 billion with more than 72,000 approved loans for FY18 (October 1, 2017 through September 30, 2018), according to the SBA. The total volume is about the same as last year and there were approximately 4,000 more SBA loans issued this year compared to FY17. Of the 72,000 SBA loans […]

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