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| True Story: I Cold Called a Merchant Read more |
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Square Capital On Pace to Overtake OnDeck in Small Business Lending OnDeck's loan volume has doubled over 5 years. Square's has gone up by 16x Read more |
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Deal Flow in the Heartland — From Mississippi and Beyond |
| Outside the major population centers, the industry occasionally seems a little more "laid-back." In a light-hearted example of a relaxed heartland approach to the alt funding business, Lance Stevens, an attorney who’s a co-founder of Brandon, Miss.-based TransMark Funding, claims he can underwrite a deal while driving his golf cart and listening to Bon Jovi—all while maintaining his under 5 handicap. Read more |
The Art of Moving The Deal – When it becomes too high risk for you |
| OakNorth, a small and medium sized business lender and online bank, has mastered a strategy to avoid merchants from defaulting 100% of the time, according to a story published in Quartz. The strategy: tell the merchants at risk of defaulting to refinance their loans at a competitor. Read more |
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Affirm Partners with Walmart for Payments |
| Walmart customers can now pay for items using credit from Affirm, the online consumer lender announced yesterday. Walmart customers can find out how much they qualify for online and then make online or in-store purchases with in three, six or twelve monthly installments. A credit decision is made in real time and does not affect the customer’s credit score, according to Affirm. Read more |
Broker Fair’s Pre-show Party Sells Out |
| ickets to the upcoming Broker Fair Conference Preshow Party on May 5th have sold out. The preshow party is being hosted Upstairs at the The Kimberly Hotel, Penthouse Level at 145 East 50th Street in Manhattan from 7-9pm. The party is the kickoff event to Broker Fair 2019 being held the following day on May 6th at The Roosevelt Hotel. Read more |
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Direct Lending Investments Suspends Investor Withdrawals |
| Peter Renton's take on a Leading fund manager suspending withdrawals after a large holding defaults Read more |
SoFi to Offer Crypto Trading |
| SoFi, a millennial-focused online lending platform, will allow its customers to buy cryptocurrency through a partnership with Coinbase starting in the second quarter, CNBC reported. Read more |
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Provident Bank Launches Digital Lending Capability for Small Business Customers Powered by Fundation |
| Provident Bank and Fundation announced a new digital lending solution that will enable the New Jersey-based bank to offer a new, streamlined, end-to-end, lending program for small businesses seeking a business loan or line of credit. Read more |
Payoneer Aims to Provide Working Capital to Amazon Merchants |
| Via Forbes Read more |
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Great Elm Capital Corp. Announces Investment in Prestige Capital Corporation |
| Great Elm Capital Corp. (NASDAQ: GECC), announced that on February 8, 2019 it acquired 80.0% of the outstanding equity interests in Prestige Capital Corporation ("PCC") from PCC’s retiring founder, Harvey Kaminski. PCC is a commercial finance company specializing in factoring for early stage and mid-sized companies. Read more |
PayPal to do Small Business Loans in Mexico |
| Recently, PayPal announced their partnership with Konfio, an online lending platform in Mexico that uses alternative data for rapid credit assessment, as an extension of PayPal’s Working Capital and Business Loan program. Read more |
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Get Certified in MCA Basics |
| Make sure you know how MCAs really work before you sell them Read more |
New Limits on Interest Deductions May Make That Business Loan Less Attractive |
| Via Inc.com Read more |
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