Newsletter Sent On: 01/08/2019
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How One Broker Moved from Home Office to 23 Person Shop Read more


Meet CAN Capital's New CEO
Ed Siciliano comes to CAN Capital from the equipment finance and small business lending company Marlin Business Services, based in New Jersey. He worked there for a decade in several roles including Chief Operating Officer and Chief Sales Officer. Read more



Stephen Brown Charged With Fraud by New York Attorney General
A former merchant cash advance CFO and executive for a fund that provides capital to merchant cash advance companies, has been charged with fraud by the New York Attorney General. The allegations against Stephen Brown stem from his role as CFO of Cardis Enterprises International, a company that claimed to possess patented and proprietary technology to make low-value credit card transactions less expensive for merchants. Read more



For Some Brokers, Funding Never Sleeps
While holidays, including New Year’s Eve, are usually slow days for funding, for some brokers this year, New Year’s Eve was a strong day. Read more





How to Respond to Negative Press
Wondering what to do about negative press? deBanked spoke to some Public Relations professionals about helpful techniques to manage the situation Read more



What We Learned About RapidAdvance From RapidAdvance’s Planned Securitization
The company originated $260M in business loans and MCAs in 2017 Read more





How a Computer Game Master Applied His Talents to Online Lending
29-year-old Eden Amirav spends his days trying to grow his company, an online lending platform for small businesses. But about 15 years ago, as a teenager in Israel, he spent his evenings and school breaks fighting orcs, defending construct units and mostly defeating enemies in a fictional world called Azeroth. Read more



Entrepreneur Magazine Names Reliant Funding One of the Best Entrepreneurial Companies in America
Based on this study by Entrepreneur, Reliant Funding is recognized as a well-rounded company that has mastered a balance of impact, innovation, growth, leadership and value. Coming in at rank #42, this marks the second year in a row Reliant has landed on the exclusive list. Read more





Kornfelds Settle With SEC Over Woodbridge Ponzi Scheme
Barry M. Kornfeld and Ferne Kornfeld, both fundraising agents for 1st Global Capital, have settled with the SEC for their role in Woodbridge Group of Companies LLC, a $1.2 billion ponzi scheme. Woodbridge was another Florida-based company that is unrelated to 1st Global Capital. Read more



Securitizations under Attack
On November 30, 2018, the Administrator of the Colorado Uniform Consumer Credit Code (the "Administrator") took Colorado’s longstanding litigation against marketplace lenders Avant and Marlette to a new level, adding as defendants certain securitization trusts that had acquired Avant or Marlette loans. By threatening the buyers of marketplace loans, the Administrator is escalating the pressure on Avant and Marlette–and indirectly the pressure on other marketplace lenders that extend credit to Colorado consumers. Read more





OnDeck's Q4 Earnings To Be Released Feb 12
OnDeck has scheduled a date for their year-end earnings Read more



The Top Small Business Forums of 2018
deBanked has selected its two favorite small business forums of 2018 Read more





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



The Future of Several California Car Dealerships Hinges on the Outcome of 1st Global Capital's Bankruptcy Proceedings
Rumors persist that the auto group is being sold, or even has been sold, but there has been no confirmation. One Napa-based dealership group that was specifically named declined to comment on anything to do with Momentum. Read more


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