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A Path Forward to do More SBA 7(a) LoansdeBanked talked with Chris Hurn of Lendesca | |||
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CFPB reaffirms MCA stanceStill excluded from Section 1071 | |||
FundFi closes on credit facilityVia accesswire | |||
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FedEx partners with Stripe CapitalVia FedEx | |||
Join the DailyFunderCatch all the industry chatter and make a deal on the DailyFunder forum | |||
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Steve Oberman joins SoundCheck CapitalFormer Tixr and See Tickets executive Steve Oberman has joined SoundCheck Capital as senior vice president of business development, where he will lead efforts to expand the company's revenue-based financing offerings to promoters, venues, and festivals. SoundCheck Capital, founded in 2024, provides non-dilutive advances ranging from $10,000 to $1,000,000 repaid through a fixed percentage of future ticket sales, having deployed over $30 million to independent live entertainment operators. | |||
CA's new smb funding licenseCalifornia Governor Gavin Newsom signed AB 2116, which will regulate commercial financing for small businesses under the California Financing Law starting January 1, 2028, requiring providers and brokers to obtain a license and comply with new consumer protection and disclosure rules. The law applies to various types of commercial financing transactions up to $500,000 for small businesses with annual gross receipts under $16 million, introduces an ability-to-repay requirement, and prohibits unfair or deceptive practices, including contract terms restricting information disclosure and taking confessions of judgment before default. | |||
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Biz2Credit: 2 strategic hiresVia Businesswire | |||
Settle raises $240M for SMB lendingSettle has secured a $240 million credit facility from a leading international financial institution and New York asset manager, enhancing its lending capacity to serve larger businesses and offer new financing solutions. With total originations surpassing $4 billion, Settle has established itself as a major working capital provider for product businesses across the United States. | |||
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LoanBud launches LoanBud AcquireLoanBud has launched LoanBud Acquire™, a non-SBA business acquisition financing program offering $100,000 to $350,000 for qualified buyers acquiring established, cash-flowing small businesses. The program aims to provide flexible financing options for smaller acquisitions that are often underserved by traditional lenders and SBA programs, with features including no real estate collateral requirement and a targeted closing timeline of under 30 days. | |||
CA licensing bill now lawOn September 30, 2026, California Governor Gavin Newsom signed Assembly Bill 2116, which expands the California Financing Law to require licenses for commercial financing providers and brokers, including factoring and revenue-based financing, effective July 1, 2028. The law also extends usury exemptions to licensed providers, defines small businesses with protections in financing transactions, and introduces new regulations for commercial financing brokers. | |||
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Ex-Spies and fintech unicorn leaders betOvermind, a platform founded by British Intelligence and fintech experts, has released an open source platform for building, fine-tuning, and deploying specialized small language AI models tailored to an organization's proprietary data, code, and business needs. Early deployments in fintech and legal sectors have demonstrated significant improvements in cost reduction and accuracy, with Overmind emphasizing security compliance and accessibility in AI development across industries. | |||
Ocrolus expands fraud detection techOcrolus has enhanced its fraud detection platform, Ocrolus Detect, by integrating Resistant AI's forensic engine to better identify AI-generated deepfake and manipulated financial documents, improving fraud prevention for lenders. This upgraded solution combines content analysis with deep metadata inspection to provide clearer, actionable risk assessments, now available across Ocrolus' customer base to combat increasing sophisticated document fraud in loan applications. | |||
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