Newsletter Sent On: 04/22/2019

From the Mar/Apr Magazine Issue Read more

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, or, or any of their phone numbers: (516) 248–5550, (516) ABOGADO, or (212) 679–5000. Read more

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

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

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

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

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

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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