Newsletter Sent On: 02/05/2024

Covid EIDL Charge-Offs Explode Read more

Enova Has Record Quarter for SMB Lending
Enova recorded its highest ever quarter for small business loan originations, reaching $930m in Q4. Company CEO David Fisher attributed the success to strong demand, robust credit performance, and a firm brand presence with little competition, adding that these factors have helped not only in growing originations but also in managing credit and risk effectively. Read more

Tech Founder Takes Online Business Loan, Grows Massively
The founder of shared his success story with using revenue-based business loan from Stripe Capital, which allowed him to increase his business's annual recurring revenue by $300k without relinquishing equity. Read more

FCC Closes the Lead Generator Loophole, Are You Compliant?
The Federal Communications Commission (FCC) is introducing new regulations requiring one-to-one consent for lead-generated communications, such as robocalls and robotexts, effective from March 26, 2024. The consent must include a clear and conspicuous disclosure to the consumer about the nature of the communications they will receive, which must also be logically and topically related to the website where consent was given. Read more

Top Industry Execs Attend Small Business Finance Leaders Summit in Washington DC
The Small Business Finance Association (SBFA) and the Innovative Lending Platform Association (ILPA) recently co-hosted the Small Business Finance Leaders Summit in Washington DC, attended by 50 top executives to discuss issues surrounding the economy, small business finance, regulation, and industry best practices. Read more

SellersFi Announces Financing Solution With Amazon Lending To Provide E-Commerce Sellers Credit Lines Up to $10M
Global e-commerce financing firm SellersFi has joined forces with Amazon to enable eligible Amazon sellers access to credit lines of up to $10 million via Amazon Lending. The initiative is set to enhance e-commerce financing, allowing small and medium enterprises to draw upon financial tools to expand their business and work towards significant growth. Read more

Unemployment holds at 3.7%
Via CNBC Read more

Proof Closes $30.4M Series B
Proof's litigation services marketplace provides law firms and government agencies with document delivery through a nationwide network of process servers, electronic court filing services, and remote notarization. Read more

Lendica and CSG Forte Partner
Via PR Newswire Read more

Lendio Partners With Trucker Path
Via PR Web Read more

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