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| Salespeople: Do You Need a Mentor? Read more |
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ForwardLine, One of the Original Funding Companies, is Back ForwardLine Financial originated well over $65 million in loans in 2018, according to CEO Steve Carlson. ForwardLine would not share its origination numbers, but Carlson said the company is comfortably on the deBanked list of top originators. ($65 million is the lowest origination number on the list). Read more |
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Bitty Advance Opens Office in NYC |
| Bitty CEO Eddie Siegel said he is currently hiring salespeople and experienced underwriters for the New York office. There were about 10 well-dressed salespeople at the spacious Bitty Advance office in New York this morning, and Siegel said he plans to grow the office to about 20. He said there are 30 employees in Florida, none of whom moved to the New York office. The New York office does sales and underwriting, while the corporate office in Florida also handles sales and underwriting and houses the customer service and executive teams. Read more |
Credit Invisibles Recap - Presented by Canadian Lenders Association in Toronto |
| The Canadian Lenders Association's (CLA) workshop on credit invisibles and credit deserts was held at the Toronto law offices of Blake, Cassels & Graydon on June 5th. Situated in the financial distric... Read more |
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Closers: Drink Up to 25 Cups of Coffee Per Day |
| Drink up closers! Research led by Professor Steffen Petersen from Queen Mary’s William Harvey Research Institute suggests that drinking coffee is not that bad for your heart.The study examined mor... Read more |
CFA Report Shows Increase in US Factoring Volume |
| The Commercial Finance Association (CFA) recently published a report on asset-based lending and factoring which showed a 10.4 % increase in domestic factoring volume in 2018 compared to 2017. While th... Read more |
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One New York COJ Bill Moves Forward |
| A bill that would prevent companies from using Confessions of Judgment against out-of-state debtors is progressing through the New York Assembly. A07500 cleared the judiciary committee on Tuesday desp... Read more |
IOU Originates $32.8M in Loans in Q1 |
| IOU Financial funded $32.8M in loans in the first quarter of 2019, according to publicly filed financial statements. The company also continued its profitable streak and plans to grow originations by:... Read more |
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FTC Investigates Small Business Financing Via UDAP |
| From Pepper Hamilton LLP Read more |
The SEC is Suing Kik Over its ICO |
| Via Coindesk: As alleged in the SEC’s complaint, Kik had lost money for years on its sole product, an online messaging application, and the company’s management predicted internally that it would run out of money in 2017. Kik’s losses averaged about $30 million a year, according to the SEC, and earlier attempts by Kik to be acquired by a larger technology company had failed, with seven potential suitors all declining to buy or merge with the company. Read more |
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Your Carrier Can Now Block Robocalls |
| Via CNN Read more |
Uber is Expanding into Fintech |
| Uber has embarked on a hiring spree for its new Fintech Outpost in NYC 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 |
Funding These Franchises? Read This First |
| United States Senator Catherine Cortez Masto is concerned with the abilities of four major franchises to repay business loans, according to a letter penned to the Small Business Administration. Th... Read more |
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