Business Lending

Capify Secures Massive Credit Facility from Goldman Sachs

January 16, 2019
Article by:

David Goldin

Capify, which serves the UK and Australia markets, announced this morning that it has secured a £75 million (roughly $95 million) credit facility from Goldman Sachs. “This credit facility validates our company as a leader in the marketplace and underlines the strength of our business model to provide simple, affordable and smart financial options to […]

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Why Strategic Funding Rebranded as Kapitus

January 15, 2019
Article by:

Kapitus Website

Today, Strategic Funding announced the launch of a new brand identity, including a name change. Strategic Funding will now be called Kapitus. “We had a name that was very well respected,” said Kapitus founder and CEO Andy Reiser. “Everybody loved our name, quite frankly. They loved it so much, they all copied it. You can’t […]

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Kabbage Finances US Small Business Customers of Alibaba

January 14, 2019
Article by:

Alibaba

Kabbage announced today that it has partnered with Chinese e-commerce giant, Alibaba, to provide financing to small businesses that purchase materials on the platform. The financing program, offered by Alibaba and powered by Kabbage, is called Pay Later. “Financing at the point of sale requires a fully automated solution that can handle the immense volume […]

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How an SBA Lender is Managing Through the Shutdown

January 10, 2019
Article by:

Everett Sands

Everett Sands, CEO, Lendistry As a result of the U.S. government shutdown that started on December 22 of last year, hundreds of thousands of government employees have been working without pay. The shutdown has also temporarily stopped the Small Business Administration (SBA), a government agency, from operating. This means that obtaining an SBA loan, which […]

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Trained at OnDeck, LendingFront Founders Help Banks Lend to Small Businesses

January 9, 2019
Article by:

LendingFront-front

Yesterday LendingFront announced that it has raised $4 million to help deliver its white label software designed to help banks and other financial institutions lend to small businesses. The company was founded in 2015 by two former OnDeck employees, Jorge Sun and Dario Vergara. Sun was the Chief Credit Officer at OnDeck from 2007 to […]

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How One Broker Moved from One-Man Home Office to 23 Person Shop

January 7, 2019
Article by:

Zach-Ramirez-office2

Zach Ramirez started the brokerage company ZR Consulting from his home in Orange County, CA in June 2018. He was generating leads and making phone calls, often in a hushed voice because he was also looking after his six month old daughter. “That was difficult, having a baby and with my life savings in the […]

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For Some Brokers, Funding Never Sleeps

January 4, 2019
Article by:

Happy New Year

While holidays, including New Year’s Eve, are usually slow days for funding, for some brokers this year, New Year’s Eve was a strong day. “New Year’s Eve was not a slow day here,” said Elana Kemp, a broker at Fundomate, in Los Angeles, who was in the office that day. “It was amusing to see […]

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What We Learned About RapidAdvance From RapidAdvance’s Planned Securitization

January 1, 2019
Article by:

rapidadvance

RapidAdvance is raising money through their first-ever securitization. This is what we’ve learned about the company as a result so far, thanks to the bond ratings process: 2017 origination volume: $260 million | See how this ranks against their peers Lifetime funding volume: > $1.5 billion Total shareholder equity: $54 million Majority owned by: Rockbridge […]

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How a Computer Game Master Applied His Talents to Online Lending

December 28, 2018
Article by:

Warcraft 3

Eden Amirav is co-founder and CEO of Lending Express. The 29 year old spends his days trying to grow his company, an online lending platform for small businesses. But about 15 years ago, as a teenager in Israel, he spent his evenings and school breaks fighting orcs, defending construct units and mostly defeating enemies in […]

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Newtek Hosted Uncommon Investor Call Yesterday

December 27, 2018
Article by:

Newtek website

Newtek Business Services Corp. (NASDAQ: NEWT) CEO Barry Sloane held a conference call at 8:30 a.m. EST yesterday morning to address investors. “This is somewhat of an unorthodox call, the day after Christmas,” Sloane said. “But given a lot of the events in the market with tremendous market nervousness, I wanted to speak to as […]

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