Articles by Todd Stone

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Study Shows Small Business Loan Demand Highest Since 2012

November 26, 2018
Article by:

Main Street Brick

A study released today reveals that American small businesses are eager to take business loans, with 48% planning to take out a loan in the next year, the highest level of demand since 2012. The study, called “Gimme Credit: Faster, Simpler, Safer Credit Main Street America,” was conducted by PayNet, which provides small business credit […]

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Elevate Funding Strengthens Compliance and Monitor Abilities

November 21, 2018
Article by:

news pad

Yesterday, Elevate Funding announced that it would be using the PerformLine Platform to enhance its compliance and email monitoring abilities. “Terminology is very important in this industry,” said Elevate Funding CEO Heather Francis. Francis said that much of Elevate’s decision to use PerformLine is to make sure that the correct terms are being used so […]

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Selling a Home, Selling Commercial Financing – What’s the Difference?

November 16, 2018
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Realtor Showing New House To Loving Couple

Alternative funding brokers come from all different backgrounds, but for many them, being a broker is not their first job in sales. Some sold equipment, some sold cars and others sold homes. They were realtors. deBanked found two alternative funding brokers with a background in residential real estate and we asked them to compare the […]

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IOU Continues to Post Positive Earnings

November 14, 2018
Article by:

Phil Marleau IOU Financial

Above: Phil Marleau, CEO, IOU Financial Loan originations for IOU Financial’s third quarter were $36.1 million, an 85% increase over last year’s Q3 originations of $19.6 million. This is also IOU’s fourth consecutive quarter with positive earnings. “IOU continued to deliver strong loan origination growth and earnings performance during the third quarter of 2018 and […]

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Clearbanc Swaps VC Investing for MCA

November 13, 2018
Article by:

ClearBanc

The business model for many startups is that the business won’t even be close to profitable for years until it gets enough clients or users. But this isn’t the case for all startups. Some of them actually generate considerable revenue after just months. For companies like these, that also need capital for marketing or expansion, […]

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The Broker: How Industry Veteran Joe Cohen Closes Deals and Dodges Backdooring

November 11, 2018
Article by:

Joe Cohen Business Finance Advance

Role: I’m the manager of Business Finance Advance in Brooklyn. I manage a team of about 20.       Years in the business: Since the beginning. 2005/2006. How he closes a deal:    You have to really know the customer. You have to have a feel for what his needs are. Is his hot button the […]

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SoFi CEO Ponders Opening Physical Locations

November 5, 2018
Article by:

loanstorefront

At Money 20/20 a few weeks ago, SoFi CEO Anthony Noto said that eventually the online lender will need to open some physical locations, not unlike ATM machines, for people who get paid in cash. The notion of an online lender opening up physical locations sounds ironic. But it would not be the first time […]

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Elevate Tests ‘Geofencing’ to Lure Customers Away from Competition

November 1, 2018
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geofencing

During a session at Money 20/20 last week, Elevate CEO Ken Rees mentioned a fairly new marketing technique they have been testing called geofencing. According to a story in CIO, a trade publication for Chief Information / Chief Technology Officers, geofencing is “a service [using GPS technology] that triggers an action when a device enters a […]

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ELFA Reacts to New Jersey Small Business Loan Bill

October 31, 2018
Article by:

New Jersey Capitol Building in Trenton

The Equipment Leasing Financing Association (ELFA) had its 57th Annual Convention in Phoenix in the middle of October. During the convention, ELFA’s Vice President of State Government Relations Scott Riehl left abruptly to get to Trenton, New Jersey. Why the rush? He had been alerted that there was a hearing on a small business lending […]

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Cerebro Capital’s Trick? Automating Compliance in a Loan Marketplace

October 29, 2018
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Cerebro Capital

Cerebro Capital CEO Matthew Bjonerud spoke to deBanked last week at Money 2020 in Las Vegas. He was standing at his booth in the “Startup” section of the conference’s Expo Hall. Bjonerud and his team have created a marketplace for middle market loans, from $1 million to $100 million. And Bjonerud said that borrowers can […]

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