Articles by Ed McKinley

rss feed

Banks, Alt Funders Continue to Compete for Small Business

February 13, 2018
Article by:

banks, alternative funders

This story appeared in deBanked’s Jan/Feb 2018 magazine issue. To receive copies in print, SUBSCRIBE FREE The alternative small-business finance industry owes its very existence to banks’ reluctance to lend money to mom-and-pop shopkeepers, tradespeople and restauranteurs, but bankers’ tight fists may be loosening. Small-business owners are reporting better results when they apply for bank […]

View Post

Goodbye Liens and Judgments

October 28, 2017
Article by:

SHREDDED

This story is from deBanked’s Sept/Oct 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE Credit Bureaus have stopped reporting this data, so now what? Justice can require sacrifice. Take the example of a decision by the three major credit bureaus – Equifax, Experian and TransUnion – to stop including some liens and most […]

View Post

LendingPoint: CAN Capital’s Close Neighbor in Kennesaw

August 14, 2017
Article by:

welcome to kennesaw

This article is from deBanked’s Jul/Aug 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE LendingPoint, a consumer lender staffed largely by former CAN Capital employees, may have something to teach the alternative small-business finance industry about creditworthiness. Three-year-old LendingPoint claims to go beyond FICO scores to bring each applicant’s sense of fiscal responsibility […]

View Post

Humans vs. Bank Statements – An Underwriting Journey

June 8, 2017
Article by:

bank statements

This article is from deBanked’s May/June 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE Automation hasn’t replaced humans yet when it comes to reading bank statements in the alternative small-business finance industry. ISOs, brokers, funders and underwriters still fend off drowsiness and ignore the risk of eye strain as they pore over months […]

View Post

Text The Merchant, Close The Deal

April 15, 2017
Article by:

Merchant texting at work

This article is from deBanked’s Mar/Apr 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE About a year ago, Cheryl Tibbs, general manager of Douglasville, Ga.-based One Stop Funding, was having trouble getting in touch with one of her clients. The merchant in question runs a lawn care service and is usually out on […]

View Post

The Road To Training The Best Sales Reps

February 26, 2017
Article by:

Sales Training

This article is from deBanked’s Jan/Feb 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE Alternative-finance industry executives tend to agree on at least two basic rules for building a successful sales team: Hire people who know how to sell and never stop training them. Following the second rule requires knowledge and perseverance. The […]

View Post

As NY Lending License Proposal Looms, Industry Trade Groups Mobilize

February 13, 2017
Article by:

NY State Capitol

The alternative small-business finance community plans to lobby hard against a far-reaching proposed expansion of the New York state lending license. The proposal calls for any person or company that solicits, arranges or facilitates business and consumer loans – or other types of financing – to obtain a license. That could include MCA companies, business […]

View Post

The LendIt Story

February 12, 2017
Article by:

Bo Brustkern

This article is from deBanked’s Jan/Feb 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE LendIt Co-founder Jason Jones The LendIt Conference was supposed to be a smallish local meetup for New York-based members of the online lending community. But founders Jason Jones and Bo Brustkern soon discovered they had the makings of a […]

View Post

A True Rapid Advance For Mark Cerminaro

December 16, 2016
Article by:

Mark Cerminaro - Top Half of deBanked Cover

This article is from deBanked’s Nov/Dec 2016 magazine issue. To receive copies in print, SUBSCRIBE FREE In the 1999 film “Any Given Sunday,” Al Pacino plays a pro football coach whose obsession with winning has torn apart his family. He’s also plagued by a meddlesome team owner, challenged by an offensive coordinator who’s after his […]

View Post

Sunshine and Deal Flow: Who’s Funding in Puerto Rico?

September 1, 2016
Article by:

Funding Small Businesses in Puerto Rico

This article is from deBanked’s Sept/Oct 2016 magazine issue. To receive copies in print, SUBSCRIBE FREE Lots of small businesses need capital in Puerto Rico and not many companies are trying to provide it. Combine that with the island’s tax incentives, tourist attractions and gaggle of ambitious entrepreneurs, and America’s largest unincorporated territory can seem […]

View Post


StockPriceChange
Market Cap
LC$3.95+0.011.64B
ONDK$5.39+0.22396.89M
SQ$44.11-0.1817.14B
BTC$11173.64