Newsletter Sent On: 08/10/2018

Last Call for Early Bird Pricing. Join the industry October 4th! Read more

Syndication at the heart of investigations into 1st Global Capital
While much is still unknown, the company has revealed that it has been under investigation for the alleged sale of unregistered securities Read more

OnDeck Profitable, Again
Has OnDeck finally found their groove? After a profitable Q2, their share price seems to indicate that they have Read more

World Global Financing Bankruptcy is Now a Chapter 7
After WGF breached the settlement agreement with their largest creditor, the company is now in liquidation and a COJ for $6.5 million is expected to be filed against them Read more

OnDeck Adds New $175 Credit Facility
It consists of funds provided by Liberty Mutual Insurance Company and certain of its affiliates, as well as funds managed by affiliates of Ares Management L.P. (NYSE: ARES) Read more

Jim Granat Moves From Lendio to Enova
Jim Granat is now the head of small business financing for Enova, which encompasses The Business Backer and Headway Capital Read more

Lending Club Hits Originations Record
In the second quarter of 2018, Lending Club originated a record high of $2.8 billion, up 31% from the same time last year. Net revenue also hit a record high of $177 million, up 27% year-over-year. Read more

Square Capital is Funding $130 Million a MONTH
The company is gaining on rival OnDeck Read more

Shopify's MCA Business Grows
Watch out! Shopify originated $68.5 million in MCAs in Q2 Read more

Can Fintech Startups Become Banks? OCC Opens The Gates
This is boon for fintech companies that, until now, have mostly been prevented from applying for national bank charters because of protest from banks and others that they will not be subject to adequate regulations. But now the OCC, a significant regulator, is opening the door for non-depository fintech companies – like OnDeck and Kabbage – to become banks. Read more

Elevate Funding Partners With to Support Deployed Troops
During the month of August, Elevate Funding is partnering with to provide care packages to American troops currently deployed overseas. Read more

Fintechs Worry Calif. Bill May Distort Small-Business Lending
Via Bloomberg Law Read more

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

James Webster to Lead New SBFA Broker Council In Creation of Business Financing Industry Guidelines
On May 11, 2018 the Small Business Finance Association (SBFA) selected James Webster, CEO and co-founder of National Business Capital to head the organization's new SBFA Broker Council as co-chairman. James will lead the Broker Council in their mission to protect the interests of small business owners nationwide by setting high quality and ethical standards for business financing practices. Read more

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