business cash advance

Kabbage TV Commercial

November 1, 2014
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Another company has joined the TV commercial party and this one’s a little different. Atlanta-based Kabbage has chosen Puddles the Clown as their spokesman. What do you think? Not loading? See it here Below are some of their competitor’s commercials:

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OnDeck Already Filed Form S-1

September 27, 2014
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confidential s-1

Back on August 14th, the Wall Street Journal reported that OnDeck was preparing to file for an initial public offering. Since then, industry insiders have been bustling with anticipation to see the S-1 filing, the document that would reveal once and for all their true financial standing. Update 11/18/14: Click to see OnDeck’s Public S-1 […]

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Are We in a $300 Billion Market?

August 7, 2014
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stacking turf war

Earlier today on a large group conference call with Tom Green and Mozelle Romero of LendingClub, I learned a few more details about their business loan program. In the Q&A segment, one attendee came right out and asked if they believed their competition was merchant cash advance companies and online business lenders. According to Green, […]

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Six Signs Alternative Lending is Rigged

August 3, 2014
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is alternative lending rigged?

There’s a lot of players at the alternative lending table but there are two that have won a string of lucky hands to put them on top. Neither were the first to draw cards, nor do either of them offer something that everybody else does not. These two lenders have something in common of course, […]

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Yield Baby Yield

July 30, 2014
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yields are flying

Somebody once called business loans the Cadillac of Credit products and that person is Brendan Ross, the President of Direct Lending Investments (DLI). In a newsletter he put out in September 2013, he began by saying: Business loans are the Cadillac of credit products, with the highest yields and lowest default rates. Portfolio returns of […]

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The Missing Puzzle Pieces

July 24, 2014
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the loan puzzle

About 1% of my LendingClub consumer loan portfolio bounces their very first payment. It’s discouraging stuff, especially considering these loans range between 3 and 5 years. Granted, most manage to get caught back up at least for a little while. LendingClub, like the rest of the alternative lending industry relies on ACH debits to retrieve […]

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What Would Barney Frank Say?

July 16, 2014
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While crowd funders navigate the JOBS Act and a possible revision to what constitutes an accredited investor, non-bank business lenders are raising eyebrows with sky high interest rates. Annual Percentage Rates (APRs) are reaching into the triple digits and critics are reaching for their megaphones to say something about it. Unfortunately APRs don’t spell out […]

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How Did Kabbage Get Their Name?

July 9, 2014
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I actually always wondered this myself. Kabbage??? What??? In this short 3 and a half minute video interview with COO Kathryn Petralia she reveals a little bit about how the company started.

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Industry Survey Results

July 6, 2014
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Curious what the general consensus is on a variety of issues? DailyFunder┬« polled business lending industry insiders and analyzed the results. Click below to expand the graph, check out the image, or scan the text beneath it: Text version #1 What’s a Merchant Cash Advance? 61% consider it to be strictly a purchase of future […]

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Does Culture Make a Difference?

June 30, 2014
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I came across this video that describes the work culture of Kabbage, an Atlanta-based business lender. It’s strikingly different from the way many of the MCA and business lending companies in New York operate. Though New York is well-known for its medieval dungeon-like office environments, especially for smaller companies just getting started, do it too […]

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