Business Lending

GOING NATIONAL: How David Gilbert Built One of the Largest Small Business Lenders in the Country

October 17, 2018
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David Gilbert, CEO Of National Funding on the Cover of deBanked's Sept/Oct 2018 Issue

This story appeared in deBanked’s Sept/Oct 2018 magazine issue. To receive copies in print, SUBSCRIBE FREE When Ty Austin, who owns a florist shop in West Palm Beach, secured a $5,000 loan from National Funding last year, he was happy to have working capital and could build inventory for mini-gardens and landscaping, The experience, moreover, […]

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NYIC – IFA Northeast – AFBA – deBanked Conference Recap

October 17, 2018
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NYIC Event Panel - Arno Ristorante

Panel from left to right: Lindsey Rohan, Platinum Rapid Funding Group & the AFBA | Chris Murray, Stein Adler Dabah & Zelkowitz LLP | Robert Zadek, Buchalter | Richard Simon, Mandelbaum Salsburg Yesterday, the New York Institute of Credit (NYIC) hosted a conference in Manhattan with attendees from several segments of the commercial finance industry, […]

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Lendio Surpasses $1 Billion in Originations

October 16, 2018
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Lendio founders

Lendio announced today that it has facilitated $1 billion in financing to more than 51,000 small businesses across the U.S. since it was founded 2011. It reached the $500 million mark just a little over a year ago in July 2017. “We are a  marketplace, not a lender, which means we can help a lot […]

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OnDeck Launches New Subsidiary

October 16, 2018
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Noah Breslow, Brian Geary, ODX

OnDeck announced today that it has created a new subsidiary, called ODX, which will help banks become more efficient online lenders. OnDeck’s CEO Noah Breslow told deBanked that ODX is an expansion of OnDeck’s successful partnership with JPMorgan, which started in 2016. “We created what at the time was I think a pretty groundbreaking partnership […]

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Sean Murray to Moderate Best Practices Panel at New York Institute of Credit Event

October 15, 2018
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BrokerFair2018Conference__37

deBanked President and Chief Editor Sean Murray will be moderating a best practices panel at the New York Institute of Credit Event on October 16th. The event is also supported by the IFA Northeast, the Alternative Finance Bar Association, and deBanked. The subject of the panel is to discuss best practices when dealing with different […]

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How Dealstruck Arrived, “Disrupted,” and Died – A Cautionary Online Lending Tale

October 14, 2018
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Unwound book

Dealstruck just wanted to be loved. When Dealstruck popped up on the online lending scene in 2013 with promises of long term loans and low interest rates, some industry insiders rolled their eyes at the naïveté. “It’s not about disintermediating the banks but the very high-yield lenders,” Ethan Senturia, chief executive of Dealstruck, told the […]

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The Broker: How Andy Savarese Changes Collars and Closes Deals

October 12, 2018
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Andy Savarese JustiFi

Title: I’m the Managing Partner at JustiFi Capital, a brokerage in Farmingdale, Long Island.  I started it September 2017 with my cousin, who’s the owner and my best friend. We do mostly MCA, but also some term loans. His schedule: I have a part-time/full-time job in the mornings. I work in sanitation for the town […]

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Funding Circle Stays Global; Goes Public in London

September 29, 2018
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London Stock Exchange

Funding Circle became a public company yesterday on the London Stock Exchange, listed as FCH. Founded in 2010, the peer-to-peer lending platform for small and medium-sized businesses, was initially priced at 440 pence (£4.40), which was on the low end of the 420-530 pence per share price range. But it opened at 460 pence, placing […]

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The Broker: How Elana Kemp Turns Values into Value

September 26, 2018
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Elana Kemp Broker

Title: Broker at Fundomate, a commercial finance brokerage in Los Angeles. Background in business: I started four years ago when I was living in Israel and I was working American hours. It was tough because I have four kids…A [non business] opportunity brought me to LA where my dad lives and where I’m from originally. […]

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The Broker: How Kunal Bhasin and His Team of Closers Make Deals in NYC

September 25, 2018
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Kunal Bhasin

Kunal Bhasin, President, 1 West Finance His title: President and owner of 1 West Finance in New York City. He founded it in May of 2017 in New York City. The company is a team of seven.   His background: I was at World Business Lenders for 6 years. That’s where I learned this business […]

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