Business Lending

Agency Finds Some SBA Loan Lenders in Violation of Regulation

June 18, 2018
Article by:

SBA Loans

The Small Business Administration (SBA) has a regulation for SBA loan lenders, called the “Credit Not Available Elsewhere” requirement, that requires lenders to ensure that their borrower clients are unable to obtain reasonable credit elsewhere. According to a report published this month by the Government Accountability Office (GAO), over 40 percent of the SBA loan […]

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It’s Back to Business For Alternative Funding in Puerto Rico

June 15, 2018
Article by:

Puerto Rico

This story appeared in deBanked’s May/June 2018 magazine issue. To receive copies in print, SUBSCRIBE FREE

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Funding Circle Report Shows Demand for Alternative Financing

June 14, 2018
Article by:

funding circle

Funding Circle, together with Oxford Economics, released a report this week using data from its customers last year. Funding Circle is a business loan platform that matches small business borrowers with investors that want to lend. Some of these findings may be reflective of the broader alternative finance market. Data from the report conveys that […]

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Lending Express Opens Office in Silicon Valley

June 13, 2018
Article by:

Eden Amirav

Tel Aviv-based Lending Express announced its entrance into the U.S. market yesterday. It opened an office in San Matteo, CA and has officially appointed Moshe Kazimirsky as VP of Strategic Partnerships and Business Development to support the new West Coast office. “After the immense success we’ve had in the Australian market, we knew that our […]

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Second Annual Alternative Finance Bar Association Conference Draws Lawyers from Afar

June 11, 2018
Article by:

AFBA Conference Kate - Pat - Brian

Attorneys who represent alternative finance companies congregated in New York on Friday for the second annual conference of the Alternative Finance Bar Association (AFBA.) They came for a day of learning about the latest legal developments pertaining to alternative finance, and MCA in particular. Seminars at the conference had names like: “Credit Facilities 101: What […]

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An Inside Look at Strategic Funding’s Portfolio

June 10, 2018
Article by:

credit grade

A Kroll Bond Rating Agency report reveals interesting details about Strategic Funding Source’s $105 million securitization and also their business. Here are a few main takeaways: Pool breakdown 60% MCA 40% Loans Average original receivable balance per merchant: $40,705 Weighted Average FICO Score: 649 Weighted Average RTR Multiple: 1.35 Weighted Average Time in Business: 12.5 […]

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US Business Funding Will Retain Name & Special Sauce in Wake of Fora Deal

June 8, 2018
Article by:

Jared Feldman

Fora Financial’s announcement yesterday that it acquired a sizable stake in US Business Funding (USBF) will create one of the “largest, broadest reaching direct sales organizations in the small business alternative lending space,” the company said in a statement. USBF is a direct sales and marketing company of about 40 to 50 people. Fora Financial […]

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PeerIQ Report Shows Mixed Signs for Non-Bank Lending

June 7, 2018
Article by:

PeerIQ Lendit

PeerIQ released its 2Q2018 Lending Earnings Insight Report today, presenting forward-looking insights into the FinTech & non-bank space.    The report said that CEOs and CFOs see tax reform as increasing consumers’ disposable income. However, “an increasing supply for credit and demand for credit, as well as re-normalization trends and increased competition are leading to […]

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Report Demonstrates How Online Lenders Benefit Economy

May 31, 2018
Article by:

Main Street Brick

A report on “The Economic Benefits of Online Lending to Small Businesses and the U.S. Economy” was released yesterday, using data from 180,000 U.S. small businesses that represented nearly $10 billion in funding from 2015 to 2017. The report used data from five online lenders, including OnDeck, Kabbage and Lendio, and was sponsored by the […]

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IOU Planning for 25%-30% Originations Growth

May 29, 2018
Article by:

IOU logo

IOU Financial CEO Phil Marleau spoke confidently this afternoon on a public conference call to discuss the company’s first quarter performance. The company had a net income of $797,198 from the start of the year to March 31, which is notable because it produced a $995,085 loss during the same period last year. On the […]

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