Newsletter Sent On: 06/19/2018

It’s Back to Business For Alternative Funding in Puerto Rico Read more

National Funding is the Title Sponsor of deBanked CONNECT – San Diego
deBanked is hosting a half-day networking event in San Diego on October 4th! Read more

2nd Annual Alternative Finance Bar Association Conference Draws Attorneys From Afar
They came for a day of learning about the latest legal developments pertaining to alternative finance, and MCA in particular Read more

Collector Says No to Settlement Companies
Settlement companies are targeting commercial collectors for leads Read more

Woman Arrested in Connection With Finance Company Data Theft
A woman in the Bronx was arrested this morning for stealing data from Yellowstone Capital, a company she did not work at Read more

Funding Circle Report Shows Demand for Alternative Financing
Data from the report conveys that there is an increased appetite among small business merchants for online lending products. Of the small business customers surveyed, 70 percent did not attempt to get a bank loan before applying for an alternative loan from the Funding Circle platform. Read more

Settling Up: Debt Settlement Companies Paid Yellowstone Capital and Everest Business Funding a Half Million Dollars to End Lawsuit
A group of debt settlement companies and ISOs have entered into a settlement they’re unlikely to forget. A lawsuit that accused Corporate Bailout, Protection Legal Group, Mark Mancino, Michael Hamill and others of tortious interference with merchant cash advance contracts has led to a settlement in which the defendants agreed to pay Yellowstone Capital and Everest Business Funding $500,000. They also agreed not to offer any services to Yellowstone or Everest merchants in the future, deBanked has learned. Read more

Lending Express Opens Office in Silicon Valley
Tel Aviv-based Lending Express announced its entrance into the U.S. market last week. It opened an office in San Matteo, CA and has officially appointed Moshe Kazimirsky as VP of Strategic Partnerships and Business Development to support the new West Coast office Read more

New York Institute of Credit Celebrates 100 Years and Honors Harvey Gross
About 300 people gathered underneath the soaring ceilings of Guastavino’s ballroom in Manhattan last week to celebrate the 100th anniversary of the New York Institute of Credit (NYIC). Most attendees were members of the association, which provides networking opportunities and education to a myriad of constituents, including factors, financial advisors, lawyers, investors and accountants Read more

Reliant Funding is a Sponsor of deBanked CONNECT - San Diego
Meet Reliant Funding on October 4th Read more

40% of SBA Lenders are Violating the Credit Elsewhere Requirement
The SBA provides business loan assistance only to applicants for whom the desired credit is not otherwise available on reasonable terms from non-Federal sources, but many SBA lenders are ignoring this Read more

Equipment Leasing Report Foresees Rising Inflation and Interest Rates
Given its name, the report is fairly self-explanatory. Its premise is that within the next one to three years there is likely to be a rise in inflation and interest rates which may affect the equipment finance industry, including customer demand, portfolio performance, spreads, and the propensity to finance. Read more

Get Certified in MCA Basics
Make sure you know how MCAs really work before you sell them Read more

What to Know About Possible New CFPB Head Kathy Kraninger
Via Fox Business: President Trump nominated Office of Management and Budget (OMB) official Kathy Kraninger to lead the Consumer Financial Protection Bureau (CFPB) on Monday, but she is likely to face an uphill confirmation battle to lead the politically divisive agency Read more

Our half-day event is coming October 4th!

Thanks to Our Email Newsletter Sponsors
Yellowstone Capital
Seacoast Business Funding
SOS Capital
Meridian Leads
MCA Leads
Uplyft Capital
Platinum Rapid Funding Group
Everest Business Funding
Central Diligence Group
Cardinal Equity
Gibraltar Capital Advance
South End Capital
The Fundworks
TBF Financial
Pearl Capital
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