Newsletter Sent On: 02/28/2019

True Story: I Cold Called a Merchant Read more

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

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

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

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

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

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

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 Read more

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

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