Newsletter Sent On: 02/08/2019

Why RapidAdvance Is Now Rapid Finance Read more

Meet deBanked’s Pig, and Fund Like One Too
We’re so wild about pigs here that, as some of you know, we invited three miniature pigs to visit our office during the holiday season. Not only that, we decided to make a more permanent connection with a very special pig. As of the end of last year, we have sponsored a fully-grown adult pig named Sister Mary Frances. She lives on a farm in Catskill, NY, and while we haven’t met her yet, we already feel a kinship to this pig. Read more

Get The Affidavit or Waive It? Examining Confessions of Judgment
An objective look at COJs. From deBanked's Jan/Feb magazine issue Read more

deBanked CONNECT Miami 2019 Photos
See all the photos from the deBanked CONNECT Miami event Read more

SBA Processes Significant Amount of Loans in Days After the Shutdown
SBA loan funders and brokers have feared that the backlog of SBA loan applications created by a month-long closure of the government agency would cause extensive delays. But it seems that the SBA is processing these loans quite quickly. Read more

New York Introduces Bill to Ban COJs in Financial Contracts
New York Assemblymembers Yuh-Line Niou and Crystal Peoples-Stokes have introduced a bill that would prohibit Confessions of Judgment (COJs) from being used in any contract or agreement for a financial product or service. Read more

New Jersey MCA & Business Loan Disclosure Bill Update (S2262)
Bill S2262 in the New Jersey State Senate mandating disclosures on MCA and business loan contracts, was amended last week. It stands to impact not only disclosures, but brokers Read more

Home Improvement Loans on the Rise
Lending Tree's Funderburk said people are likely to renovate their home as opposed to buy a new one for a few reasons. One is that new home supply hasn’t quite caught up with demand yet, which is causing home prices to increase. Secondly, mortgage rates are higher than they have been for the last several years. Read more

PayPal Has a Lot of Merchants and Venmo Is Adding a Boost
Although Venmo itself is not a profitable business yet, it has gone from generating almost zero revenue to hitting a $200 million revenue run rate by the end of 2018. And it’s bringing in new users thanks to a network effect. Read more

OnDeck Adds New Revolving Credit Facility
OnDeck announced the closing of an $85 million corporate revolving credit facility with a lender group consisting of four banks. The new committed facility can be used for general corporate purposes and replaces OnDeck's prior $30 million corporate facility. Read more

Funding Circle Partners with Stripe
Funding Circle announced that it has joined the Stripe Partner Program, which will allow the company to provide financing to Stripe customers in the United States. Funding Circle is a small business loan funder that offers fully amortizing small business term loans. Read more

Top Accounting Officer at StreetShares Resigns
Jesse Cushman, who served as StreetShares’ Chief Business Officer and Principal Financial & Accounting Officer, has resigned. Read more

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

Parris Sanz Joins Petal as General Counsel
Former CAN Capital CEO Parris Sanz is now the General Counsel for Petal, according to a company announcement. Petal is a US credit card aimed at the unbanked that recently closed a $30 million Series B round led by Peter Thiel’s Valar Ventures. Read more

Our big annual event is on May 6, 2019 in New York City

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