Newsletter Sent On: 11/16/2018

Selling Homes vs. Selling Commercial Financing Read more

Dan DeMeo is Back in Action… at Lendr
DeMeo is the former CEO of CAN Capital. He has now joined Lendr as Chief Revenue Officer Read more

PayPal and Square Quietly Grow Small Business Lending
Via CNBC: PayPal and Square, fintech rivals in the payments business, both reported significant growth in their loan portfolios in the third quarter. And e-commerce giant Amazon offers similar products to merchants on its payments network through Read more

IOU Continues to Post Positive Earnings
Phil-IOU CEO Above: Phil Marleau, CEO, IOU Financial Loan originations for IOU Financial’s third quarter were $36.1 million, an 85% increase over last year’s Q3 originations of $19.6 million. This is also IOU’s fourth consecutive quarter with positive earnings Read more

Clearbanc Swaps VC Investing for MCA
Founded as a venture capital firm by serial entrepreneurs Andrew D’Souza and Michele Romanow, among others, the company now primarily offers merchant cash advances. Instead of analyzing the company’s founders, they are looking at tangibles like revenue and percentage growth. Read more

Another Debt Settlement Defendant Pleads Guilty, Faces 30 Years in Prison
behind barsMark Farnham, a co-conspirator in a high profile merchant cash advance debt settlement fraud case, pleaded guilty on Friday to conspiracy to commit bank fraud. He faces a sentence of 30 years in prison and a $1 million fine. Read more

ISOs, Join the Industry in Miami on Jan 24
ISOs, meet the funders, learn, and enjoy cocktails in Miami Beach at the Eden Roc. Early bird pricing ends SOON Read more

Should Strip Clubs Still be on Banks' Blacklist?
Via American Banker Read more

Bankers Healthcare Group Expands into Small Business Lending Market with SBA License
There's market demand for larger loans and we're excited to offer another innovative lending solution to help licensed professionals grow their own businesses, said Al Crawford, original founder/Chairman/CEO of Bankers Healthcare Group. Read more

Small Businesses Can Get Financial Assistance After Hurricane Michael
You can apply for up to $2 million in loans if your business was damaged by Hurricane Michael. But you need to apply as soon as possible. Read more

Virginia AG Orders Civil Penalties Against Loan Company
Attorney General Mark Herring said in a news release Thursday that Future Income Payments and owner Scott Kohn violated the Virginia Consumer Protection Act, disguising illegal, high interest loans as pension sales that could provide pension holders with a quick lump sum of cash. Read more

US Banks Eased Small Business Loan Standards in Third Quarter
Loan officers at U.S. banks reported easing lending standards for commercial and industrial loans while keeping terms for commercial real estate loans almost unchanged in the third quarter, a Federal Reserve survey showed on Tuesday. Read more

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

Jim Cramer says CEOs Secretly Admitting that Economy Has Cooled
Company leaders across industries are telling Jim Cramer — off the record — that they're worried about a slowdown in the U.S. economy, Cramer said Thursday on CNBC. Read more

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