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Nationwide Management Services Adds New Features To Its Virtual Site Inspections

September 20, 2019
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MARICOPA, Arizona, September 20, 2019— Nationwide Management Services Inc. (NMSI) announced two new features have been added to its Virtual Site Inspection Software that will change the merchant cash advance and small business lending industries. NMSI’s new features are Pinch to Zoom/Remote Synchronized Zoom and Text Extract using OCR (Optical Character Recognition). With Pinch to […]

TBF Financial Buys $60 Million in Commercial Debt from Major Online Lender

September 10, 2019
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DEERFIELD, IL, Sept. 10, 2019 ─ TBF Financial purchased nearly $60 million in non-performing loans from a major online small business lender in recent transactions, CEO Brett Boehm announced today. TBF bought the pools of post-charge-off loans as the highest bidder in transactions arranged through multiple brokers. In most cases, the company purchases directly from […]

Lending Valley Originates Over 100 Micro Deals in Debut

September 6, 2019
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Brooklyn, NY – Lending Valley has originated 100 fundings to small businesses since the company’s debut in early June. The company was founded by small business finance veteran Chad Otar, the former CEO and co-founder of Excel Capital Management. Lending Valley focuses on micro funding deals of $1,500 to $10,000 with a variety of available […]

OnDeck Taps Bank Veteran to Lead ODX Sales and Strategy

July 23, 2019
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BBVA USA Veteran Lonnie Hayes Joins New Business Unit Serving Banks NEW YORK – OnDeck® (NYSE: ONDK), the leader in online lending for small business, today announced the appointment of Lonnie Hayes as the Head of Sales and Strategy for ODX, a wholly owned subsidiary of OnDeck that assists banks with streamlining and digitizing small […]

CAN Capital Welcomes John McNeill, New Chief Financial Officer

July 23, 2019
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can capital logo

Kennesaw, GA — CAN Capital, a leading provider of small business working capital loans, is pleased to announce the hiring of John McNeill as its new Chief Financial Officer (CFO). McNeill brings to the company a deep expertise in corporate finance, accounting, treasury and a growth orientation well suited for CAN’s current expansion. McNeill has […]

SecurCapital Acquires Breakout Capital Finance’s Lending Business

July 17, 2019
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breakout capital

Supply chain and logistics company acquires the lending business of leading fintech small business lender and injects new equity capital MCLEAN, VA — SecurCapital Corp, an expanding supply chain and financial services provider headquartered in California, today announced the acquisition of the lending business of Breakout Capital Finance, a leading fintech company and nationwide small […]

Expansion Capital Group Names Herk Christie Chief Operating Officer

June 28, 2019
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expansion capital group

Sioux Falls, SD — Expansion Capital Group ECG) today announced the appointment of Herk Christie from VP of Operations to Chief Operating Officer. Christie will oversee the company’s underwriting, IT, analytics, and merchant support and services departments. Christie, has been with ECG since March 2016 and has played a critical role in the growth of […]

Enova Small Business Hires Two Industry Veterans to Lead ISO Partnerships

June 14, 2019
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enova

Investment in ISO partnership leaders will help Enova Small Business deliver faster and easier funding CHICAGO (June 14, 2019) — Enova Small Business, a leading provider of loans and financing to growth-minded small businesses in the U.S., announced today that Justin Friedman and Jay Shaw have joined Enova Small Business as senior sales executive and […]

Velocity Group USA Announces $100 Million Equity Facility

June 13, 2019
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Velocity Group USA

Melville, NY – June 13, 2019 Velocity Group USA, based in Melville, New York, announces that in addition to its current facilities, it has obtained up to a $100 million equity facility from an international multi-family office. The new equity facility will allow Velocity Group USA to fund a greater number of merchants and to […]

Lawyers: Earn CLE Credits While Learning About Alternative Finance

May 23, 2019
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AFBA CLEe

REGISTER HERE June 13 Sessions June 14 Sessions Case Law Updates Regulatory Download: The Complete Picture TCPA: Defining ATDS, Exploring the TCPA and How Emails are Covered Legislation, Business and Lobbying: How does it work and Does it work at all? Bankruptcy Updates Future Invoice Factoring and Traditional Factoring: Can’t We All Just Get Along? […]

A deBanked Event is Coming to Canada

May 4, 2019
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deBanked CONNECT Toronto

Toronto, Ontario – deBanked is coming to Canada. A deBanked CONNECT networking event will be taking place at the Omni King Edward in Toronto on July 25th. The event will cater to the Canadian online small business lending and merchant cash advance industry. Tickets are already available for sale at https://www.debankedcanada.com. Early bird pricing is […]

Kapitus Rolls Out Fully Automated Funding Process

April 2, 2019
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Kapitus Website

New York, NY – Kapitus, a leading provider of alternative financing to small and midsize businesses, announces the roll-out of auto-checkout – a fully automated funding process for qualified deals. The new process allows for not only a faster, more streamlined experience for its partners; but it also provides more flexible financing options, by providing […]

Greenbox Capital Leads By Example And Eliminates Use of COJs Across Its Platforms

February 19, 2019
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Greenbox Capital Website

Miami, FL – Back in December, Debanked reported that there was a Senate bill introduced to ban COJs. Greenbox Capital has for the past 6 years been a leader and innovator in the industry in many ways. Most recently, they’ve suspended the use of COJs indefinitely. Greenbox Capital is committed to long term success which […]

Alternative Finance Bar Association Webinar to Be Held on Feb 7th

January 30, 2019
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AFBA header

The Alternative Finance Bar Association is proudto announce an upcoming Webinar Event: Regulatory Developments: In Depth look at Federal and Stateinitiatives to regulate the Alternative Finance Space Moderator: Lindsey Rohan, Esq., General Counsel, Platinum Rapid Funding Group Ltd.Panelists: Catherine Brennan, Partner, Hudson Cook, LLPKate Fisher, Partner, Hudson Cook, LLPMeghan Musselman, Partner, Hudson Cook, LLPPatrick Siegfried, […]

Yellowstone Capital LLC Appoints Tangela Griffin as Chief Compliance Officer to Enhance its Compliance and Ethics Practices

January 23, 2019
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yellowstone capital doors

Hiring Evidence of Company’s Commitment to Compliance New York, N.Y. (January 23, 2019)— Yellowstone Capital LLC (a Fundry Brand), a fintech company offering alternative financing to a wide variety of businesses, has appointed Tangela Griffin to the position of Chief Compliance Officer. Ms. Griffin will be responsible for enhancing and providing oversight of the company’s […]

Strategic Funding Source Announces Launch of New Brand Identity; Unites its Funding Arm and Servicing Arm Under the name Kapitus

January 15, 2019
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kapitus

Change reflects new strategy, expansion of product portfolio, technology advancements and a renewed commitment to provide financing to more businesses New York, NY – January 15, 2019 – Strategic Funding Source, a veteran of the small and medium-sized business alternative lending space, today announced the launch of a new corporate brand identity, including a new […]

DataMerch.com Surpasses 20,000 Records Heading into 2019

January 9, 2019
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company news

DataMerch.com surpasses 20,000 records heading into 2019 DataMerch continues rapid growth and adds many new members and merchant records Tampa, Jan. 9, 2019 /DeBanked/ — Today, DataMerch.com, an online underwriting database for the alternative financing industry, announced that they have surpassed over 20,000 records in their database.  DataMerch has been servicing funders in the alternative financing field since […]

CAN Capital Hires Edward J. Siciliano as Chief Executive Officer

January 8, 2019
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Ed Siciliano

Atlanta, GA (January 8, 2019) – CAN Capital, a technology-driven small business specialty finance company, today announced the appointment of Edward J. Siciliano as Chief Executive Officer. Siciliano brings over 30 years of experience in commercial financing, sales, marketing and operations. Siciliano joins CAN Capital most recently from Marlin Business Services, a nationwide provider of […]

Velocity Capital Group (VCG) Secures $15 Million Series A Financing

December 11, 2018
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Velocity Capital Group

Businesses Flourish with Adequate Funding at their Fingertips CEDARHURST, NEW YORK—DECEMBER 10,2018​–​V​elocity Capital Group recently secured another $15 million in financing. This will strengthen their ability to provide assistance to more small businesses and organizations. While the name might be new to some, Velocity Capital Group is no stranger to the business world. Servicing small […]

SBFA Announces Support for The Small Business Fairness Act

December 7, 2018
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SBFA

The bill would provide greater protection for small businesses The Small Business Finance Association (SBFA) today announced support for S.3717, The Small Business Fairness Act introduced by Senator Sherrod Brown (D-OH) and Senator Marco Rubio (R-FL). The bill would provide the Federal Trade Commission more clarity to protect small business owners from being forced to […]