Business Lending

Boiler Rooms Are Not Brands, Kabbage CEO Says

April 21, 2018
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Rob Frohwein, CEO of Kabbage, at Lendit 2018

Kabbage CEO Rob Frohwein has a knack for speaking his mind at lending conferences and LendIt two weeks ago was no different. Below are some of the most notable quotes from his April 10th presentation. On building a brand Unfortunately, in the online lending space, most companies basically think that boiler rooms = brand. Boiler […]

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Wayward Merchants

April 19, 2018
Article by:

escape

This story appeared in deBanked’s Mar/Apr 2018 magazine issue. To receive copies in print, SUBSCRIBE FREE Wayward merchants and outright criminals are continuing to bilk the alternative small-business funding industry out of cash at a dizzying pace. In fact, an estimated 23 percent of the problematic clients that funders reported to an industry database in […]

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Demand for Tax Guard Grows, and Receives Private Equity Investment

April 19, 2018
Article by:

Hansen Rada

Hansen Rada, CEO, Tax Guard Tax Guard announced on Monday that it received an investment from Falfurrias Capital Partners, a Charlotte, NC-based private equity firm. “What really excites me about [partnering with Falfurrias Capital Partners] is the breadth of experience that they bring to the table,” said CEO and co-founder Hansen Rada. “They have some […]

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Ascentium Capital Surpasses $4 Billion in Originations

April 18, 2018
Article by:

Tom Depping

Texas-based lender Ascentium Capital announced last week that it had surpassed $4 billion in origination volume since the company was founded in 2011. The company has two key channels of business. The vendor channel, in which Ascentium creates custom finance programs for clients like equipment manufacturers, distributors and resellers. It calls these clients its “vendor […]

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World Business Lenders Responds to the New York Post Story

April 13, 2018
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World Business Lenders Ribbon Cutting Jersey City

Above, company CEO Doug Naidus poses alongside state and local community leaders for World Business Lenders’ ceremonial Jersey City grand opening ribbon cutting in July 2016 A controversial story published in the New York Post earlier this week about World Business Lenders has drawn a response from the company. The text below was circulated by […]

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Lendio’s New Turndown Program Grows

April 11, 2018
Article by:

Brock Blake Headshot

Lendio, the marketplace for borrowers and lenders, announced on Monday that its Turndown program has facilitated nearly $60 million in loans in less than a year since its launch last summer. The Lendio Turndown program allows participating lenders to refer borrowers to the Lendio marketplace that have been declined. “Instead of just saying ‘No’ to […]

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Kabbage, LendingPoint to Offer Real Time Funding Via Push Payments

April 9, 2018
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Credit Cards

Kabbage and LendingPoint each separately announced today that they will soon be able to get funds into their customers’ business accounts instantly and 24/7 via their pre-existing bank debit card. Hopes for this are not brand new. Last October, OnDeck announced a partnership with Ingo and Visa that would provide this convenience to borrowers, although […]

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InterNex Capital Fills Void in Higher End of Alternative Lending Market

April 6, 2018
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InterNex Co-Founders

Above: Internex’s founders New York-based Internex Capital is serving the higher end of the alternative lending market by providing revolving lines of credit from $250,000 to $5 million dollars, with an average deal size of roughly $1 million. “We realized that there was not a revolving line of credit solution for small businesses,” said Simon […]

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Liquid FSI Adds Key Board Member

April 5, 2018
Article by:

Frank Capozza

Frank Capozza Liquid FSI, a direct lender and creator of the Convert2Pay platform, which provides on-demand payment for medical invoices, added Barry Blecherman to its Board of Advisors. While a few recent graduates of the NYU Tandon School of Engineering were helping the Liquid FSI team with some algorithms for their technology platform, they mentioned […]

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Experian To Stop Reporting All Tax Lien Data

March 24, 2018
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credit report

According to a March 19 letter sent by Experian to its clients, the company will remove all remaining tax liens from its consumer credit reporting database beginning the week of April 16. This finalizes the move by credit bureaus (including Equifax and TransUnion) to stop including civil judgments and tax liens on consumer credit reports. […]

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