Did UCC Lead Generators Overload NY State’s System?

April 4, 2017
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In the small business finance industry, New York State is known as one of the friendliest places to conduct a UCC search. You can not only search by debtor, but also by secured party, and get just about everything you need to create a list of prospects for free. But the State’s website isn’t exactly […]

Funding Circle’s New $100 Million Funding Round is a Surprise, But it’s Really Not

January 13, 2017
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The alternative small business lender that is arguably offering the longest terms with the lowest rates has secured a $100 Million Series F Round, according to an announcement on Wednesday. With the round led by Accel, the strong sign of confidence contradicts the sentiment felt by many in the US about their business model. In […]

Merchant Cash Advance’s David and Goliath End an Era

January 5, 2017
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Before there was Capify and CAN Capital, there was AmeriMerchant and AdvanceMe. Those are the original names of the two industry rivals whose history goes back more than 10 years. When I started working for an MCA company in 2006, I was taught two things, that AdvanceMe claimed to have a patent on merchant cash […]

My Three Year Anniversary of Investing on Lending Club’s Platform

January 3, 2017
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It’s been three long years since the first month that I ever bought a Lending Club note and to commemorate the event, I decided to go back and see what I did and share what I’ve learned since then. In January 2014, I attempted to buy ten $25 notes for a total of $250, all […]

Is Marketplace Lending Really Just Westworld?

December 5, 2016
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If you haven’t watched HBO’s new flagship TV show Westworld, my analogy may have some broad spoilers so you might want to look away. Also, you should start watching the show. In a world controlled by banks, people can visit a world where the hosts looks like banks but aren’t. They’re non-banks with bank-like attributes […]

The Season Finale of Alternative Lending Has Everything You’d Expect

November 17, 2016
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Season Finale of Alternative Lending

This month kicked off what appears to be the first segment of the 2016 two-part season finale of alternative lending. So far, it has everything you’d expect, a main character gets killed off, another simply won’t be returning next season, a wedding, a scandal and even a cliffhanger! So in that precise order, here’s what […]

The Art of The ‘Thiel’ – With Fintech Leader On Trump’s Transition Team, Alternative Lenders Could Benefit

November 13, 2016
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Keynote Presentation by Peter Thiel, Entrepreneur and Investor, founder of PayPal, at the LendIt USA 2016 conference in San Francisco, California, USA on April 12, 2016. (photo by Gabe Palacio)

Keynote Presentation by Peter Thiel, Entrepreneur and Investor, founder of PayPal, at the LendIt USA 2016 conference in San Francisco, California, USA on April 12, 2016. (photo by Gabe Palacio) Peter Thiel is famous for a lot of things, co-founding PayPal, backing Hulk Hogan’s lawsuit against Gawker and being a billionaire venture capitalist, just to […]

Make Funding Great Again – Triumphant Trump Trumps Clinton In Big Upset

November 9, 2016
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President Donald Trump

The signs were there, surveys showed, at least a few that deBanked made reference to back in August. Small business owners felt Trump had their best interests at heart by a 2 to 1 margin over those who felt that about Clinton, according to a Capify survey. Taxes ranked among their biggest concerns, with 20% […]

More Loans, More Fraud? Lenders Are the Victims

October 30, 2016
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merchant fraud

Funders and lenders might want to review a TransUnion study that revealed borrowers who take out a second loan within 15 days are four times more likely to be later identified as fraudsters. Taking out a third loan in that time period raises the likelihood to ten times. Telis Demos of the WSJ reported on […]