Lending Valley is Now Offering Funding Up to $5 Million | Lending Valley is proud to announce that they are expanding their funding options up to $5 million to help small and mid-sized businesses stay afloat and thrive during the global pandemic. They offer a wide range of business funding options, including unsecured funding, funding for entrepreneurs with bad credit, and emergency business funding. Read more
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Amazon's Seller Lending Program Receivables Cool Off | Amazon had planned to increase its business loan operations in 2023, but the receivables figure has been slowly decreasing since Q3 of 2022, with the most recent figure being $1.2B. Read more
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Who's Speaking at Broker Fair | Broker Fair 2023 is taking place on May 8th at the Hilton Midtown in New York City, and will cover a wide range of topics to help brokers and funding shops prepare for success. Speakers will be discussing topics such as determining product fit, transacting deals in 2030, and preparing for the New York Disclosure Law. Read more
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Enova Originated $770M in Small Business Loans in Q1 | Enova originated $770M in small business loans in Q1 and posted an overall impressive net income of $51M, with SMB credit products now making up 65% of their portfolio. The company is being intentionally conservative with their growth plans due to macroeconomic conditions, but are still actively adjusting their marketing spend and credit metrics. Read more
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The ERTC and Other Value Added Products | Industry veterans will be gathering at the Hilton Midtown in New York City on May 8th to educate sales agents on the Employee Retention Tax Credit (ERTC) and other value-added products, such as merchant accounts. Attendees of the Broker Fair from 3:20 - 4pm will have the opportunity to learn more about these opportunities. Read more
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The Intriguing History of the Automated Clearing House (ACH) | The Automated Clearing House (ACH) was created in the 1970s to streamline the check-clearing process and improve efficiency within the financial industry, and it has since revolutionized the world of electronic payments. Read more
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The History of Cold Calling: A Fascinating Tale of Sales and Serendipity | Cold calling has been an integral part of the sales process since its invention in the early 20th century, evolving from a door-to-door strategy to a sophisticated marketing tool in the digital age. Despite the rise of alternative methods, cold calling remains a key part of many businesses' sales and marketing strategies. Read more
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Are You Prepared For a Recession? | Experts in the funding industry suggest that companies should focus on leveraging their strengths, monitoring their portfolios, communicating with customers, being opportunistic, and managing their liquidity in order to weather a potential recession. Additionally, they suggest that a crisis can bring opportunities to gain market share. Read more
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