| November 5, 2026 INDUSTRY UPDATE |
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| THE LATEST |
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Square Loans isn't just the largest originator of online small business loans that deBanked tracks, they've also managed to beat their 4% loss target every year for the last 10+ years. "Since launching Square Loans in 2014, we've been able to hold loss rates consistent with our target while…
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The Revenue Based Finance Coalition congratulated election winners and expressed commitment to working with policymakers to expand access to flexible financing for small businesses. The coalition advocates for balanced policies that promote transparency and support innovation in revenue-based financing to help small and medium-sized businesses grow.
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Regulators would not meaningfully engage
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Cross River is partnering with Offchain to integrate tokenization directly into its lending platform on Arbitrum One, enabling assets to be tokenized at origination for streamlined funding, ownership transfer, and servicing within a regulated bank-led framework. The collaboration, targeting production deployment by early 2027, aims to unlock new capital pools and enhance credit product models by embedding blockchain infrastructure and wallet technology into the core lending process.
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New York Attorney General Letitia James secured a $500,000 penalty from Bloomberg L.P. for failing to clearly disclose subscription terms, including automatic renewals with significant price increases, and for making it difficult for customers to cancel subscriptions to Bloomberg.com. Under the settlement, Bloomberg News must improve its subscription policies, provide refunds to eligible subscribers, and ensure clear disclosure and proper notification before subscription renewals.
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Settle announced a forward-flow agreement with structured credit platform 3Jane, securing an initial $50 million financing facility with an option to expand to $100 million, enabling 3Jane to purchase Settle's existing and new loans. This partnership leverages 3Jane's blockchain-powered capital model to lower Settle's financing costs and expand its capacity to provide inventory financing to consumer and ecommerce brands.
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The results are in
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Channel announced that three of its leaders—Kristi Schon, Robert Moskovitz, and Hannah Anderson—were named to Monitor’s 2026 Most Influential People in Equipment Finance list, based entirely on peer nominations. The honors highlight their impactful roles in marketing, finance, and human resources, reflecting Channel's collaborative culture and commitment to thought leadership in small business financing.
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iBusiness Funding has integrated its digital SBA financing capabilities into the Amazon seller experience to connect eligible sellers with SBA-approved lenders through its technology-driven platform. This collaboration aims to streamline the financing process for Amazon sellers by leveraging iBusiness Funding's advanced technology and extensive lender network, enhancing access to capital while maintaining compliance with SBA standards.
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Small business financing applications through 1West reached a record 48,975 in Q3 2026, a 25% increase year over year, while the Small Business Health Index fell from 69.1 to 65.2 and Credit Readiness declined to 66.7%. Despite more than 141,000 applications submitted in the first nine months of 2026 surpassing the total for 2025, the declining credit readiness suggests potential challenges for some small businesses in qualifying for financing.
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Via Credibly's substack
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Lovey, the UK's fastest-growing fintech specialising in SME lending and brokerage, has secured a £250 million senior secured credit facility with Pollen Street Capital, marking its largest funding to date to support UK small businesses. This new capital will significantly increase Lovey's lending capacity, enabling it to scale its own-book lending and expand its brokerage services to fund more than 11,000 SMEs across the UK.
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Maxim Commercial Capital reported a 44% year-over-year and 33% quarter-over-quarter increase in deals funded during Q3 2026, driven by improved application automation, streamlined processes, and competitive pricing for non-prime borrowers. The company enhanced its credit decisioning speed by over 50%, expanded its leadership team, and focused on building strong referral partner relationships to support its growth in underserved small and mid-sized business financing markets.
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