Newsletter Sent On: 05/22/2019

The Road Back to Residual Commissions Read more

Small Business Finance Broker Wins Entrepreneur Of The Year
Sonia Alvelo, CEO of Newington, CT-based Latin Financial LLC, has been awarded Entrepreneur of The Year by the Latinas & Power Symposium. The event, incubated in Hartford, Connecticut in 2004, is the largest of its kind in New England and has reached upwards of 8,000+ women since its inception. Read more

Canada's Alternative Financing Market Is Taking Off
The Canada alternative finance market experienced considerable growth in 2017—the latest period for which data is available. Market volume reached $867.6M, up 159 percent from $334.5M in 2016, according to a report by the Cambridge Centre for Alternative Finance and the Ivey Business School at Western University. Balance sheet business lending makes up the largest proportion of Canadian alternative finance, accounting for 57 percent of the market; overall, this model grew 378 percent to $494M in 2017, according to the report.

Industry participants say the growth trajectory in Canada is continuing. It’s being driven by a number of factors, including tightening credit standards by banks, growing market demand for quick and easy funding and broader awareness of alternative financing products. Read more

Merchant Relationship Status: It's Complicated
Brokers will often say that building strong relationships with their merchants is critical to their success. John Celifarco, Managing Partner at Horizon Financial Group, a five person ISO in Brookly... Read more

Injunction Sought Against MCA Company, NYC Marshal
Blue Elephant Financing, LLC is seeking an injunction and a temporary restraining order against Itria Ventures, LLC (a subsidiary of Biz2Credit) and New York City Marshal Stephen Biegel, according to ... Read more

How To Scale Your Broker Shop
A brief summary of the Everlasting Capital panel at Broker Fair Read more

World Business Lenders Pushes For Regulation Amid Controversy
Doug Naidus, CEO of World Business Lenders, knows his efforts seem confusing. Why is an unregulated lending company trying to help craft legislation that would regulate it? Especially a company that was recently accused of wrongdoing during a state hearing? Naidus, a former Deutsche Bank mortgage executive and 25-year veteran in the financial industry, said the answer makes sense. Read more

NYC to Probe Lending in the Taxi Industry After NY Times Story
Banks allegedly made controversial loans, several of which incorporated COJs Read more

Another COJ Bill In New York Added To The Pile
Three members of the New York State Assembly want to make it illegal for a confession of judgment to be entered in the state against non-New York debtors. The debtor would also be required to be a res... Read more

Marqeta Raises $60M at Closes to $2B
Via Techcrunch: While the company is not yet profitable, it’s growing fast: Gardner said Marqeta has doubled revenues each year for the last three years, and he expects that the next step for the nine-year-old company is likely an IPO in the next 18 months. Read more

Broker Fair 2019 Photos
If you share any of these on social media, please remember to include #brokerfair Enjoy!... Read more

Amazon Now Among The Top Online Small Business Lenders in The United States
Amazon has joined PayPal, OnDeck, Kabbage, and Square as being among the largest online small business lenders. On Tuesday, Amazon revealed that it had made more than $1 billion in small business ... Read more

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

Broker Fair 2019 Makes Major Splash in the Heart of Manhattan
If a tiny ray of light were created from every conversation about small business financing, then the Roosevelt Hotel in midtown Manhattan would have been tantamount to the sun on May 6th. It was the... Read more

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