Small Business

Fundry Supports Jersey City Small Businesses and Local Police Departments in Response to Crisis

April 2, 2020
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Fundry, a small business finance provider, is helping to feed police officers in Jersey City. A tweet sent out by the City of Jersey City twitter account said that the company is buying meals at local small businesses to provide to police stations every day for the next 2 weeks. Amelia’s Bistro, described as a […]

Cybersecurity in the Time of a Pandemic

April 2, 2020
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Earlier this month the FBI released a statement warning against increased instances of cybersecurity attacks on businesses and individuals during the coronavirus pandemic. Among the Bureau’s recommendations was the suggestion to be wary of any links purporting to offer coronavirus cures, preventative equipment like N95 masks, or instant access to a stimulus package. As well […]

$2 Trillion Senate Relief Bill to Pass Vote, Includes Small Business Funds

March 26, 2020
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Senate leaders Mitch McConnell and Chuck Schumer have come to an agreement over a stimulus package that would inject $2 trillion into the US economy. With senators debating the bill at the time of writing, it is expected to pass. Said to be the largest and most robust rescue package in American history, the bill […]

Lists of States Where Non-Essential Businesses Have Been Ordered to Close

March 24, 2020
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Make sure you know about individual state orders that could affect a small business’s ability to operate. Below is a list of states and regions that have ordered some or all non-essential businesses to close. This list may be incomplete and the details of each state’s orders could change and may have changed since this […]

The Pandemic, The Economy, and The Presidential Race

March 20, 2020
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masked crowd

Note from the Editor: In early February, I asked one of our regular journalists, Paul Sweeney, to look into the economy and the presidential race to size up the coming election season. As he was wrapping up his interviews over the span of a month, things took a startling turn, and COVID-19 came to the […]

A Q&A With Viceland’s Host Of ‘Hustle’ John Henry

March 5, 2020
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John Henry

Entrepreneur and investor John Henry, who also hosted TV show ‘Hustle‘ on Viceland, recently spoke with deBanked Chief Editor Sean Murray about his experience as a young successful entrepreneur (Q&A is below). Henry will be a special guest speaker at Broker Fair 2020 on May 18th in New York City. YOU WON’T WANT TO MISS […]

Subprime: Business Owners That Won Bitter Lawsuit Against Marcus Lemonis, Indicted

September 25, 2019
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hamburgers

A pair of business owners whose appearance on CNBC’s The Profit ended in a legal battle with celebrity investor Marcus Lemonis, are back in the spotlight. Howard Mora and Alan Buxbaum, co-owners of defunct New York-based A. Stein Meat Products, Inc., were arrested Tuesday for using counterfeit USDA Stamps on their meat. A Septemer 13th […]

Key Takeaways from the Q2 2019 Private Capital Access Index

July 17, 2019
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The latest Private Capital Access Index, published quarterly by Pepperdine Graziado Business School, was released recently, and with it came fresh insights into the minds of business owners. Covering companies that earn under $5 million in revenue annually, as well as those that raise between $5-100 million, the Index provides information on a wide range […]

WeWork, The Home Office of Small Business Finance Startups

March 20, 2019
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wework

Kunal Bhasin, owner of brokerage 1 West Finance, funded three A paper deals for companies that all happened to work out of the same Manhattan office building on the corner of 42nd Street and Third Avenue. It’s actually not as big a coincidence as it sounds because it’s the same building where 1 West Finance […]

How to Turn Your Client List Into a Business Referral Network

March 19, 2019
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Left: Chad Otar, Excel Capital. Right: Lori Miller, LGC Interior Design Excel Capital CEO Chad Otar was so impressed by a marketing company he helped obtain funding for that he turned around and emailed his other clients about the potential benefits of their service. As a result Otar said that about five of his clients […]

Can a Merchant’s FICO Score Increase By the End of the Day?

March 16, 2019
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credit scoring

Earlier this week, Alan Hayon had a challenge – to get a merchant above a 500 FICO score in order to make them eligible for small business funding. Within 30 minutes, Hayon increased the merchant’s personal FICO score by 59 points, getting them above 500. And the deal funded the following day. Hayon is the […]

Common Mistakes Commercial Tenants Make

March 8, 2019
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Space interior

deBanked recently heard a live presentation given by Dale Willerton, “The Lease Coach.” Willerton is an expert in helping commercial retail tenants to find and negationate spaces. But much of his advice applies to commercial office tenants as well. Below are some common mistakes he urges tenants to avoid: Not Looking at Multiple Spaces Simultaneously […]

How to Respond to Negative Press

January 3, 2019
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bad press

Wondering what to do about negative press? deBanked spoke to some Public Relations professionals about helpful techniques to manage the situation. “When it comes to a negative story, we advise our clients to bridge back to something they are comfortable talking about,” said Bill McCue, Executive Consultant at Indicate Media. Bill McCue, Indicate media McCue […]

THE ABCs OF SBDCs

December 16, 2018
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This story appeared in deBanked’s Nov/Dec 2018 magazine issue. To receive copies in print, SUBSCRIBE FREE An often-overlooked national network of nearly a thousand Small Business Development Centers has the potential to help alternative funders cement relationships with existing clients and locate new ones. The centers, known as SBDCs, offer free or low-cost training and […]

Small Business Optimism Is Up for 2019

December 7, 2018
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Main Street Small Businesses

American small businesses plan to finish 2018 with a bang, according to the fall 2018 Bank of America Business Advantage Small Business Owner Report. And they’re optimistic about the year ahead. In the report, based on a semiannual survey of 1,000 small business owners across the country, 80% of entrepreneurs say they are confident that […]

Small Business Forums

November 30, 2018
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Main Street Small Businesses

If you’re a business owner with small business questions, we recommend the following helpful sources: A SCORE Workshop Small Business Forum This online community is geared towards storefront businesses, is free to join, and is not filled with ads. Business Advice Forum This online community is geared towards online businesses, is free to join, and […]

Survey Reveals U.S. Small Business Owner Outlook

August 16, 2018
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Main Street Small Businesses

Confidence among small business owners in the U.S. is up, according to a quarterly online survey produced by CNBC and SurveyMonkey. Of more than 2,000 small business owners polled from July 27 to August 5 this year, 58 percent of respondents say business conditions are “good,” up from 53 percent last quarter and up from […]

Study Reveals Positivity and Concerns of Small Business Owners

June 5, 2018
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According to a survey conducted by SmartBiz Loans and released today, almost 57 percent of small business owners said their outlook on business growth over the next 12 months was “fairly positive” or “positive.” And 35 percent of respondents reported that the new tax plan has already caused them to make changes in their business, […]

Report Demonstrates How Online Lenders Benefit Economy

May 31, 2018
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Main Street Brick

A report on “The Economic Benefits of Online Lending to Small Businesses and the U.S. Economy” was released yesterday, using data from 180,000 U.S. small businesses that represented nearly $10 billion in funding from 2015 to 2017. The report used data from five online lenders, including OnDeck, Kabbage and Lendio, and was sponsored by the […]

Demand for Tax Guard Grows, and Receives Private Equity Investment

April 19, 2018
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Hansen Rada

Hansen Rada, CEO, Tax Guard Tax Guard announced on Monday that it received an investment from Falfurrias Capital Partners, a Charlotte, NC-based private equity firm. “What really excites me about [partnering with Falfurrias Capital Partners] is the breadth of experience that they bring to the table,” said CEO and co-founder Hansen Rada. “They have some […]