Newsletter Sent On: 05/13/2020

The Hidden Tax Time Bomb Lingering for SMBs Read more

Lendinero: How a broker shop is coping with covid-19
Following a period of expansion that saw new hires in both their Florida offices as well as their premises in Nicaragua, covid-19’s shutdown of the American economy served as a full stop to what Zapata referred to as "growth mode." Lendinero has kept the wheels turning by helping business owners secure EIDL and PPP funding and in the process planted seeds he hopes will prove profitable in the future. Read more

$100M in PPP Fees.
$100M. That's the gross revenue floor that Ready Capital reported will be generated by its PPP origination efforts. That's the gross figure, the net will be significantly less than that, they say. Read more

Did You Think You Were Ineligible for PPP?
After two recent federal court decisions, it may be time to reconsider and apply Read more

Interview With Polling Expert Scott Rasmussen
Last week, deBanked President Sean Murray interviewed nationally recognized public opinion pollster Scott Rasmussen about the trajectory of the presidential race and how the current environment is affecting how people think. Read more

Shopify Shows Strength in Q1 Results, Issues $162.4M in MCAs and Loans
eCommerce platform Shopify, 2nd only to Amazon in retail eCommerce sales, issued $162.4M in merchant cash advances and business loans in Q1, up from $115.9M in the previous quarter. The statistic... Read more

CAN Capital Settles With the SEC
An old issue revealed a new problem. Per the SEC: While the Commission may seek a final judgment requiring CAN Capital to pay civil money penalties pursuant to Securities Act Section 20(d) [15 U.S.C. § 77t(d)], it does not seek such a judgment in light of CAN Capital’s current inability to meet its financial obligations as they become due. Read more

Forbes writer Jeff Kauflin says the company and others could be bought up Read more

IOU Approved as a PPP Lender
IOU is ready and eager to do its part to help every qualified small business access the funding they need to ensure as many workers as possible keep their paychecks and benefits during the COVID-19 health crisis, said IOU CEO Phil Marleau Read more

Broker Fair 2020 Virtual is Coming June 11th
This isn't going to be like a webinar, but rather a virtual trade show universe. Read more

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