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| From the Mar/Apr Magazine Issue Read more |
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Class Action Lawsuit Against Capital Stack Update According to the law firm representing the plaintiff: If any individual is or has previously been an employee of Capital Stack, LLC, Eprodigy ACH, LLC or Eprodigy Operations, LLC and/or has information that may be relevant to this case, please contact Borrelli & Associates, P.L.L.C. as soon as possible through one of their websites, www.employmentlawyernewyork.com or www.516abogado.com, or any of their phone numbers: (516) 248–5550, (516) ABOGADO, or (212) 679–5000. Read more |
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When Merchants Defraud Lenders |
| Back when lenders used to visit the site of a merchant’s business, a "doctor" once hired actors to play nurses and patients to give the illusion of a thriving medical practice when the lender came to ... Read more |
Small Businesses Rank Online Lenders More Transparent Than Big Banks |
| When it comes to business loans, small businesses say online lenders are more transparent than big banks.Specifically, 15% of respondents to a Federal Reserve survey reported challenges with trans... Read more |
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Merchant Cash Advances Surpass Leasing As Goto Financing Option for Small Businesses |
| More small business applied for merchant cash advances in 2018 than they did leasing, factoring, or equity investments. That’s according to a recent Federal Reserve study of small businesses with less than 500 employees Read more |
Direct Lending Investments Had Over 950 Investors |
| Documents filed in a New York Supreme Court case by the receiver managing Direct Lending Investments (DLI), revealed that DLI had more than 950 investors worldwide with collective investments on the b... Read more |
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Broker Fair's Room Discounted Room Block Sells Out |
| Hurry, there are now less than 50 tickets available for sale to Broker Fair and less than 2 weeks left until May 6 in NYC. Read more |
Learn From Josh Feinberg and Will Murphy in Person at Broker Fair |
| You've seen them on social media. Now you can see them in person. Josh Feinberg and Will Murphy of Everlasting Capital will be doing a joint presentation on how to scale your broker shop at Broker Fai... Read more |
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Lots of Tech Buzzwords, Scary Problems |
| advanced machine-learning, algorithms, big data, streamlined, technology, consumer-friendlyA federal regulator cut through the shield of fintech buzzwords on Monday when it announced that a darlin... Read more |
OnDeck Takes Advantage of New Same-Day ACH Technology |
| Same-day ACH is here, thanks to NACHA's planned upgrade, and OnDeck, a small business lender, has already incorporated it into its platform. Shaleen Prakash, OnDeck’s Vice-President of Product Man... Read more |
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Online Lenders Square Off, Offer The Kabbage In Brooklyn Food Court |
| In a fast gentrifying section of Downtown Brooklyn, online lenders are waging a silent turf war. Each day, hungry consumers flock to DeKalb Market, a subterranean hipster food court where lunch an... Read more |
Prosper Settles Fraud Charges |
| The Securities and Exchange Commission announced that Prosper Funding LLC will pay a $3 million penalty for miscalculating and materially overstating annualized net returns to retail and other investors. 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 |
Invoice2go Partners With Square Capital |
| This partnership is the first time Square Capital, the small business loan program created by financial and technology company Square, has had a partner incorporate embedded access to business loans through their mobile app, making the process of applying simple and easily accessible. Read more |
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