Trump Pledges Immediate SBA Lending Support

March 11, 2020
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President Trump pledged to support SBA lending through ramped-up low interest loans to small businesses that are suffering or may suffer from a decline in business due to recent public health fears. Additionally the President says that he will make or ask Congress to impose a degree of tax relief to those affected. More information […] to Release Updated Version 2.0 of Online Database

March 10, 2020
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DataMerch develops refreshed version of online database and updates records count Tampa, March 10th, 2020 /DeBanked/ —, an online underwriting database for the alternative financing industry, announced they will be releasing version 2.0 in March 2020. DataMerch has designed a refreshed look of the site with improved the functionality. DataMerch took these steps to […]

Kabbage Launches Kabbage Insights™, Allowing Small Businesses To Take Control of Their Cash Flow With Just a Few Clicks

March 4, 2020
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The free tool gives U.S. small businesses 24/7 analysis of their upcoming cash position ATLANTA – March 4, 2020 – Kabbage, Inc. today launched Kabbage Insights, a fully automated tool that calculates and predicts cash-flow patterns to help small businesses identify cash surpluses and deficits. With the launch, Kabbage addresses one of the most vexing […]

Funding Metrics Announces New $100 Million Revolving Credit Facility

March 4, 2020
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Bensalem, PA, March 4, 2020 – Funding Metrics, LLC (the “Company”) announced today the closing of a new $100 million revolving credit facility with a multi-billion dollar institutional credit fund. The Company will use the funds to expand and accelerate the growth of its small business funding platform. Brean Capital served as exclusive financial advisor […]

Craig Hecker Acquires Stake in Bitty Advance

February 21, 2020
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Edward Siegel - Craig Hecker - Bitty Advance

Fort Lauderdale FL – February 21, 2020: Craig Hecker has acquired an equity stake in Bitty Advance. Hecker is a pioneer and leader in the merchant cash advance industry who founded, grew, and sold Rapid Capital Funding. Bitty Advance CEO Edward Siegel first crossed paths with Hecker in 2009 when Siegel was employed by Rapid […]

Broker Fair 2020 Announces Two Special Keynote Speakers

January 17, 2020
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Broker Fair 2020 Keynotes

Two special guests will speak at Broker Fair 2020 on May 18th in New York City. Scott Rasmussen and John Henry will complement a roster of leading professionals from the commercial finance industry. Broker Fair 2020 will be deBanked’s largest ever event. TICKETS ARE ON SALE NOW AND EARLY BIRD PRICING IS STILL AVAILABLE!

TBF Financial buys $100 million of charged-off loans, leases and merchant cash advances from fintechs, banks, lessors

January 14, 2020
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TBF Financial

DEERFIELD, IL, Jan. 14, 2020 – Commercial debt sales by fintech lenders, equipment leasing companies and banks are on the rise, with major companies striking deals to sell non-performing loans, leases and merchant cash advances after charge-off, reports Brett Boehm, CEO of TBF Financial. TBF closed transactions in December totaling $100 million. The three largest deals […]

CAN Capital Announces New CCO

October 15, 2019
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We are proud to announce that we have hired David Lafferty as CAN Capital’s new Chief Credit Officer (CCO.) Lafferty brings his expertise in commercial lending, business development, operational planning and profit & loss management to the CAN Capital team. Lafferty has over twenty years of proven experience providing financial services to small businesses. He […]

BFS Capital Eliminates Upfront Fees to Simplify Financing for Small Business Owners

October 1, 2019
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BFS Capital Logo

Enhanced website streamlines lead-to-loan process for customers and partners CORAL SPRINGS, FLA. (Oct. 1, 2019)—BFS Capital, a leader in small business financing, today announced it has eliminated all upfront fees on its financing solutions, including loans and business advances, as it simplifies pricing for small business owners. With pricing that is transparent, flexible and easy […]

Nationwide Management Services Adds New Features To Its Virtual Site Inspections

September 20, 2019
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John Marsh

MARICOPA, Arizona, September 20, 2019— Nationwide Management Services Inc. (NMSI) announced two new features have been added to its Virtual Site Inspection Software that will change the merchant cash advance and small business lending industries. NMSI’s new features are Pinch to Zoom/Remote Synchronized Zoom and Text Extract using OCR (Optical Character Recognition). With Pinch to […]

TBF Financial Buys $60 Million in Commercial Debt from Major Online Lender

September 10, 2019
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brett boehm

DEERFIELD, IL, Sept. 10, 2019 ─ TBF Financial purchased nearly $60 million in non-performing loans from a major online small business lender in recent transactions, CEO Brett Boehm announced today. TBF bought the pools of post-charge-off loans as the highest bidder in transactions arranged through multiple brokers. In most cases, the company purchases directly from […]

Lending Valley Originates Over 100 Micro Deals in Debut

September 6, 2019
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Brooklyn, NY – Lending Valley has originated 100 fundings to small businesses since the company’s debut in early June. The company was founded by small business finance veteran Chad Otar, the former CEO and co-founder of Excel Capital Management. Lending Valley focuses on micro funding deals of $1,500 to $10,000 with a variety of available […]

Clearbanc Raises $300M in a Series B

July 31, 2019
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Michele Romanow speaks at deBanked CONNECT Toronto

Above: Clearbanc President & co-founder Michele Romanow speaks at deBanked CONNECT Toronto | July 25, 2019 Toronto-based Clearbanc, a company founded on the idea of providing business owners with capital to purchase facebook and instagram ads in exchange for a percentage of their future sales, has raised $300M in a Series B. $50M of it […]

Early Bird Ticket Pricing To deBanked CONNECT San Diego Ends Soon!

July 26, 2019
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deBanked CONNECT Toronto was a hit and photos and coverage of the event will be available soon. But in the meantime there’s only SIX DAYS LEFT of early bird pricing to deBanked CONNECT San Diego! This event is taking place at the Hard Rock Hotel in October 24th. Brokers get in with a discounted price. […]

deBanked CONNECT Toronto Kicks Off Today

July 25, 2019
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Omni King Edward Hotel Toronto

Welcome to The Omni King Edward Hotel Don’t be late!  Registration and networking starts at 1:30pm at The Omni King Edward Hotel in Toronto.    Schedule of events: 1:30 pm – 3:00pm Registration + Networking + Meet Our Sponsors – Prefunction, 17th Floor 3:00 pm – 6:00 pm General Sessions – Crystal Ballroom, 17th Floor 6:00 pm – […]

OnDeck Taps Bank Veteran to Lead ODX Sales and Strategy

July 23, 2019
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Lonnie Hayes

BBVA USA Veteran Lonnie Hayes Joins New Business Unit Serving Banks NEW YORK – OnDeck® (NYSE: ONDK), the leader in online lending for small business, today announced the appointment of Lonnie Hayes as the Head of Sales and Strategy for ODX, a wholly owned subsidiary of OnDeck that assists banks with streamlining and digitizing small […]

CAN Capital Welcomes John McNeill, New Chief Financial Officer

July 23, 2019
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Kennesaw, GA — CAN Capital, a leading provider of small business working capital loans, is pleased to announce the hiring of John McNeill as its new Chief Financial Officer (CFO). McNeill brings to the company a deep expertise in corporate finance, accounting, treasury and a growth orientation well suited for CAN’s current expansion. McNeill has […]

SecurCapital Acquires Breakout Capital Finance’s Lending Business

July 17, 2019
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breakout capital

Supply chain and logistics company acquires the lending business of leading fintech small business lender and injects new equity capital MCLEAN, VA — SecurCapital Corp, an expanding supply chain and financial services provider headquartered in California, today announced the acquisition of the lending business of Breakout Capital Finance, a leading fintech company and nationwide small […]

OnDeck Canada, Credit Union Announce Partnership

July 11, 2019
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Today sees the partnership of OnDeck Canada and Coast Capital Savings, the first collaboration of its kind in Canada, being between an online lending company and a federal credit union. Beginning this month, small business members of Coast Capital will be able to apply for term loan financing from OnDeck Canada of up to CAD$250,000 online, […]

Expansion Capital Group Names Herk Christie Chief Operating Officer

June 28, 2019
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expansion capital group

Sioux Falls, SD — Expansion Capital Group ECG) today announced the appointment of Herk Christie from VP of Operations to Chief Operating Officer. Christie will oversee the company’s underwriting, IT, analytics, and merchant support and services departments. Christie, has been with ECG since March 2016 and has played a critical role in the growth of […]