Newsletter Sent On: 02/15/2023

Upstart Halts Small Business Lending Division Read more

SoFi Pondering But Not Ready to Become Small Business Lender
Customers keep asking SoFi for a product it doesn't even offer. It's thinking about it. Read more

NYC's Small Business Loan Program Stops Accepting Applications After Just 3 Weeks
The opening of NYC's $75M Small Business Opportunity Fund backed by a combined partnership of Goldman Sachs, Mastercard, Community Reinvestment Fund, and CDFIs was heralded as historic. Cheered as the... Read more

Examining the Charge Off Rates on PayPal's Business Loans
PayPal's portfolio performance in 2022 looks nearly identical to 2018 Read more

Enova's Current Small Business Lending Strategy
In the recent quarterly earnings call, the company laid out its conservative approach for the economy right now. Read more

New Challenge to MCA Legality in New York
It's effectively well settled law, that proper purchases of future receivables are not considered loans in New York State. But a three year-old merchant cash advance case is poised to become center st... Read more

New York Commercial Disclosure Regulations Approved
A summary of NY's new disclosure rules Read more

Mulligan Funding Closes $100 Million Securitization
As Mulligan Funding’s first securitization, the senior bonds achieved an A rating from Kroll Bond Rating Agency (KBRA), the highest rating they will award a first-time issuer in this asset class. Read more

PayPal CEO to Step Down at End of 2023
Via CNBC Read more

Broker Fair Early Bird Pricing Ends Soon
Broker Fair returns to NYC May 8th in NYC Read more

Inflation Persists
January figures exceeded economist expectations Read more

Tech CEOs Overpaid for Box-Tickers and Taskmaksters
Via Fortune Magazine Read more


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