It's Not Just You, Small Business Lending Fraud Really is On The Rise The study conducted by LexisNexis Risk Solutions revealed that lending fraud has grown by 14.5% since 2021, with fintech and digital lenders experiencing the greatest increase at 16.5%. SMBs are encouraged to invest in fraud prevention initiatives such as expanding staffing on fraud teams, special fraud prevention initiatives, and increasing spend on vendor solutions. Read more
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Amazon's Seller Lending Program Receivables Cool Off | Amazon's plans to increase its business loan operations in 2023 have not come to fruition, as evidenced by the decrease in loan receivables from $1.4B in Q3 of 2022 to $1.2B in Q1 of 2023. Additionally, Amazon has partnered with third-party lenders to provide financing to its sellers, though data on these transactions is harder to come by. Read more
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Who's Speaking at Broker Fair | Broker Fair 2023 will take place on May 8th at the Hilton Midtown in New York City, featuring a variety of sessions covering topics such as product fit, transacting deals, expanding funding arsenal, and more. Speakers will also be present to provide insight into the state of funding and the new York Disclosure Law. Read more
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