Articles by deBanked Staff
Welcome to deBanked CONNECT
January 19, 2023
Welcome to deBanked CONNECT MIAMI. If you’re registered for today’s event, check-in begins at 1pm. The Miami Beach Convention Center is BIG so here’s some tips to find us:
You must enter the Convention Center from the Convention Center Drive side, not the Washington Ave side. Enter through the Convention Center Drive side into the main lobby and approach the escalators on the far right side. Go up them and follow the signs towards Sunset Vista, which is up another escalator. You’ll find it.
There is no walk-in registration. You must already have been registered to get in today. It is too late to buy a ticket.
Our team will be very busy with producing today’s event, but if you have a question, email events@debanked.com.
deBanked CONNECT MIAMI is Thursday
January 17, 2023deBanked CONNECT MIAMI takes place this Thursday. This event is sold out and no walk-ins will be accepted.
For registered attendees, please take care to note that check-in BEGINS AT 1PM on January 19th at the Miami Beach Convention Center. The agenda can be found here. The networking reception ends at 8pm.
deBanked CONNECT events (Miami, San Diego, Toronto, etc.) are different from Broker Fair, which takes place each year in New York City.
This will be deBanked’s 5th event in Miami since 2018. It’s the ultimate networking experience for brokers, lenders, funders, fintech, collectors, lead generators, investors, software companies, law firms, and more. Thank you to Bitty Advance for being this year’s title sponsor.
Amazon’s Business Loan Trajectory
January 10, 2023
According to documents purportedly obtained by Business Insider, Amazon plans to increase its business loan operations in 2023, estimating that loan receivables will eventually exceed $2B. Insider also says that its expected loss rate is 1.34%.
The receivable figure would not be all that surprising as Amazon as been on a steady trajectory upwards over the last decade with the exception of 2020 when covid struck. Its receivables reached $1.4B in Q3 2022. The year-end figure has not yet been released. $2B+ for 2023 would be in line with the historical trend.
2016: $661M
2017: $692M
2018: $710M
2019: $863M
2020: $381M (covid)
2021: $1B
2022 (Q3): $1.4B
Not counted in these figures is financing to Amazon sellers conducted through a third party. Amazon recently teamed up with Parafin on merchant cash advances, Lendistry for Business Loans, and Marcus for lines of credit, for example. Data on funding from these parties is a little more difficult to come by.
deBanked CONNECT MIAMI Has SOLD OUT
January 9, 2023The industry’s largest annual event in South Florida has once again sold out! If you have questions about your existing tickets or sponsorship to deBanked CONNECT MIAMI, please contact events@debanked.com.
This event is being held at the Miami Beach Convention Center on January 19th. It will be deBanked’s 5th event in Miami since 2018. It’s the ultimate networking experience for brokers, lenders, funders, fintech, collectors, lead generators, investors, software companies, law firms, and more. Thank you to Bitty Advance for being this year’s title sponsor.
Trial of PPP Lending CEO To Start in May at Earliest
January 2, 2023The trial of Rafael Martinez, the CEO of MBE Capital Partners, LLC that was arrested last year for fraud related to PPP lending and borrowing, is slated to begin in May at the earliest, according to the docket. The government accused Martinez of using false representations and documents to fraudulently obtain the approval of the SBA for his company to be a non-bank lender through the PPP. He subsequently used that approval to obtain $932M to issue PPP loans and generate $71M in lender fees. It is the first known case of a PPP lender being charged criminally. Martinez pled not guilty.
2023 Is Here. Are You Ready?
January 1, 2023Happy New Year! deBanked CONNECT MIAMI is now only 2 and a half weeks away. Hosted at the Miami Beach Convention Center in South Beach on January 19th, this event will set the industry’s course for 2023.
deBanked’s Most Watched Videos of 2022
December 19, 2022deBanked TV continued its strong showing throughout 2022. For the second time ever, we’ve ranked the most watched videos for the year.
1. Equipping The Dream
deBanked debuted a sales-based reality show called Equipping the Dream, a real inside experience of an equipment finance sales shop. Episode #1 was not only the most watched video on deBanked for the year, it was the most viewed piece of content on deBanked for the year period. Episodes 1-6 also managed to fall within the top 7 most watched videos for the year as well, all of them beating out every other single video except one. If you haven’t watched it, do you even work in small business finance sales?! Episode 1 | All Episodes Here
2. Merchant Cash Advance’s Big Day – The David Goldin Story
The only video to compete with episodes of Equipping the Dream was the documentary on David Goldin’s journey to winning a landmark patent lawsuit that allowed the merchant cash advance industry to grow into what it became. You can’t work in the industry and not know this amazing piece of history!
3. Banned From the MCA Industry
A discussion about an FTC settlement order banning individuals from the MCA industry was among the most watched videos of 2022.
4. Brokering Small Business Funding in 2022
deBanked interviewed two small business finance brokers to gather their thoughts on the state of the industry.
5. Virginia Disclosure Law Discussed
On June 30, 2022, we at deBanked discussed as much as we knew about the Virginia disclosure law one day before it went into effect. Are you complying with the law there?!
Fora Financial Surpasses $3 Billion Funded Since Inception
December 14, 2022
Fora Financial has surpassed $3 billion in funding to small businesses since inception, according to a post the company shared on social media. That was spread across 35,000+ businesses. The milestone coincides with a new look, which includes a new logo and website.
“Behind our new look, we’re making tons of operational refinements,” a blog post about the improvement says. “Fora Financial’s Capital Specialists are doubling down on their collaborations with customers to build creative, innovative funding solutions.”
