Announcements

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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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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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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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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Lending Valley Logo

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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can capital logo

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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OnDeck

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 […]

Last Chance for VIP Rate on deBanked CONNECT Toronto Room Block

June 24, 2019
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deBanked comes to Canada

deBanked CONNECT’s discounted room rate at the Omni King Edward Hotel in Toronto ends today. Don’t wait until the rate goes up! Book your room now for deBanked’s first ever event in Canada! Book Online Here OR CALL Omni Hotels Reservations Business Hours: 8am to 1am EST Telephone: 1-800-THE-OMNI (1- 800-843-6664) Group Name: deBanked CONNECT […]

Enova Small Business Hires Two Industry Veterans to Lead ISO Partnerships

June 14, 2019
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enova

Investment in ISO partnership leaders will help Enova Small Business deliver faster and easier funding CHICAGO (June 14, 2019) — Enova Small Business, a leading provider of loans and financing to growth-minded small businesses in the U.S., announced today that Justin Friedman and Jay Shaw have joined Enova Small Business as senior sales executive and […]

Velocity Group USA Announces $100 Million Equity Facility

June 13, 2019
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Velocity Group USA

Melville, NY – June 13, 2019 Velocity Group USA, based in Melville, New York, announces that in addition to its current facilities, it has obtained up to a $100 million equity facility from an international multi-family office. The new equity facility will allow Velocity Group USA to fund a greater number of merchants and to […]

IOU Originates $32.8M in Loans in Q1

May 30, 2019
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IOU Financial Website

IOU Financial funded $32.8M in loans in the first quarter of 2019, according to publicly filed financial statements. The company also continued its profitable streak and plans to grow originations by: Identifying, recruiting and partnering with business loan brokers; Forming new strategic partnerships with entities such as banks and small business suppliers and leveraging their […]

Liquid FSI Partners With Stackfolio

May 28, 2019
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Frank Capozza, CEO, Liquid FSI Liquid FSI announced today that it has entered into a joint venture with Stackfolio, an online loan marketplace, which allows small banks, hedge funds and credit unions to buy and sell loans. Liquid FSI funds mostly doctor’s offices, as a factor, and it also builds financial technology products to make […]

Lawyers: Earn CLE Credits While Learning About Alternative Finance

May 23, 2019
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AFBA CLEe

REGISTER HERE June 13 Sessions June 14 Sessions Case Law Updates Regulatory Download: The Complete Picture TCPA: Defining ATDS, Exploring the TCPA and How Emails are Covered Legislation, Business and Lobbying: How does it work and Does it work at all? Bankruptcy Updates Future Invoice Factoring and Traditional Factoring: Can’t We All Just Get Along? […]

A deBanked Event is Coming to Canada

May 4, 2019
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deBanked CONNECT Toronto

Toronto, Ontario – deBanked is coming to Canada. A deBanked CONNECT networking event will be taking place at the Omni King Edward in Toronto on July 25th. The event will cater to the Canadian online small business lending and merchant cash advance industry. Tickets are already available for sale at https://www.debankedcanada.com. Early bird pricing is […]