The Year of the Broker arguably has a subtitle, Year of the Fakester. There are companies purporting to be direct lenders that aren't. Industry vet John Tucker shares his advice on how brokers should select the right lenders. Read Story
Days after OnDeck went public in December 2014, a handful of their competitors licked their lips and said, “Perfect. Now we can hedge ourselves.” But can they really? Read story
The numbers are in, and they're not good. Reps in the business financing industry may be waiting until leads are statistically dead before even attempting to make first contact. Read more.
At least five merchant cash advance companies were victims in a scam that went on for longer than five years. The alleged mastermind was sentenced to 3.5 to 6 years in prison. Read more
Former SBA head Karen Mills asks the important questions: What happens to all this new capital in a downturn or when yield is available elsewhere? Can the new algorithms really predict which small businesses will succeed and which will fail? What about the high cost of some of these new loans? Read more
