merchant loans

LendIt Conference: The State of Alternative Business Lending

May 6, 2014
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LendIt Panel

Have you heard? Banks aren’t lending. Nobody at LendIt seems to mind though. Ron Suber, the President of Prosper Marketplace, said earlier today that banks are not the competition. That’s an interesting theory to digest when contemplating the future of alternative lending. If banks are not the competition, then who is everyone at LendIt competing […]

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Regulatory Paranoia and the Industry Civil War

April 11, 2014
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Regulation

Stacking is on everyone’s minds in the merchant cash advance (MCA) industry but that war is little more than smoke compared to the fire burning in our own backyard. One of the major topics of debate at Transact 14 has been Operation Choke Point, a federal campaign against banks and payment processors to kill off […]

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Is Alternative Lending a Game of Thrones?

April 8, 2014
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Funding Kings

It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it […]

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Merchant Cash Advance Syndication: Crowdfunding?

March 28, 2014
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merchant cash advance syndication

You might not have known this, but one of the most lucrative opportunities in merchant cash advance is the ability to participate in deals. It’s a phenomenon Paul A. Rianda, Esq addressed in DailyFunder’s March/April issue with his piece, So You Want to Participate? Syndication is industry jargon of course. You probably know the concept […]

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Fund it and Ask Questions Later

March 25, 2014
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FUND!!!

Ever since OnDeck Capital stopped doing verbal landlord references, the underwriting landscape of alternative lending has changed dramatically. Kabbage will supposedly fund applicants in just 7 minutes. Everybody’s under the gun to streamline their process, fund deals faster, and produce record breaking numbers month after month. And why shouldn’t they? Investors are practically foaming at […]

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Kabbage Has Leverage With Patents

March 23, 2014
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kabbage Patents

If you’re planning on introducing new technology to the merchant cash advance or alternative business lending space, you might want to start filing a patent, or else end up violating someone elses. I’ve brought up Kabbage and patents before, but another one of theirs caught my attention. In their invention named, Method and Apparatus to […]

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Lending Club Threatens The Status Quo

March 20, 2014
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3 billion pound gorilla

In late 2013, consumer peer-to-peer lender Lending Club announced their plans to start offering small business loans. That caused a stir in the merchant cash advance world for a few weeks, but the hype died down. The general consensus was that there would be little to no overlap between the applicants each target. To this […]

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Are Loan Underwriting Algorithms Limited?

March 15, 2014
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Declined loan

As news of OnDeck Capital’s $1 billion milestone spread yesterday, Crossing the $1B mark in small business loans from OnDeck to #smallbiz around the country! Great way to end the week! pic.twitter.com/U3KUNxjyez — Noah Breslow (@noahbreslow) March 14, 2014 I couldn’t help but reflect on a major detail revealed about their operation a week prior […]

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Is There Cause for Alarm?

March 8, 2014
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12022672_s

Brick and mortar chain stores died this week, after a long illness. Born along Main Street, raised in shopping malls across post-World War II America, the traditional store enjoyed decades of good health, wealth and steady growth. But in recent years its fortunes have declined. Survived by Amazon.com and online outfits too numerous to list. […]

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What’s the Reason Behind the Rise of Non-bank Financing?

March 6, 2014
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24971704_s

OnDeck Capital CEO Noah Breslow is no stranger to CNBC. Just as word hit the press that his company had raised another $77 million, he made a television appearance to discuss their success. So why are small businesses owners turning to alternatives? Many businesses that use alternatives such as OnDeck qualify for traditional bank financing […]

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