Debanked

Debanked This is the official page for deBanked
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This was deBanked's merchant cash advance info page in December 2010! The beginning of an era?!#throwbackthursday
12/26/2019

This was deBanked's merchant cash advance info page in December 2010! The beginning of an era?!

#throwbackthursday

There are plenty of opportunities for alternative commercial real estate lenders to get ahead, even in this environment,...
12/16/2019
Fears of Possible Recession Don’t Phase CRE Lenders

There are plenty of opportunities for alternative commercial real estate lenders to get ahead, even in this environment, says Chris Hurn, founder and chief executive of Fountainhead Commercial Capital, a Lake Mary FL-based, non-bank direct small business lender in the commercial real estate lending space.

This story appeared in deBanked’s Nov/Dec 2019 magazine issue. To receive copies in print, SUBSCRIBE FREE Depending on your vantage point, a slowdown is either already in progress, just around the bend or several years away. But some alternative commercial real estate professionals are trying to f...

deBanked reporter Brendan Garrett was in attendance last night
12/12/2019
Ocrolus Announces Premium Fintech Platform, Ocrolus+ at New York City Event

deBanked reporter Brendan Garrett was in attendance last night

Last night Ocrolus, the New York-based financial securities company that specializes in document verification and cash-flow analytics, announced its latest product, the Ocrolus+ platform from Chelsea’s Glasshouses. Following a series of testimonies from companies such as BlueVine, OnDeck, and Enov...

Well that must've been fun!
12/06/2019
National Funding CEO David Gilbert Caddied For Tiger Woods For a Day

Well that must've been fun!

David Gilbert, the CEO of National Funding, had the honor of caddying for Tiger Woods on Wednesday. Gilbert earned the opportunity by being a very generous participant in a Woods charity event held earlier this year. The proceeds went to the TGR Foundation. Gilbert told deBanked that National Fundin...

🎵Meet The Mets  🎵 🎵Meet Steve Cohen  🎵
12/05/2019
Hedge Fund Billionaire With Fintech Focus is Buying The New York Mets

🎵Meet The Mets 🎵
🎵Meet Steve Cohen 🎵

Steve Cohen, the hedge fund billionaire behind Point72 Asset Management, is reportedly buying a majority stake in the New York Mets. After a long infamous run at the helm of S.A.C. Capital Advisors, Cohen founded Point72 and with it, an early-stage venture capital fund that focuses on areas like fin...

12/04/2019
See Who Won a FREE Ticket to Broker Fair 2020

The Cyber Monday deBanked CONNECT MIAMI raffle resulted in one lucky winner getting a free ticket to Broker Fair 2020! See you in Miami on Jan 16 and New York City on May 18th!

The newest edition to The Broker series. Meet Gerald Watson
12/03/2019
The Broker: How Gerald Watson Mixes Factoring with MCAs

The newest edition to The Broker series. Meet Gerald Watson

Role? I’m the owner of The Watson Group, a factoring broker company. How did you end up in the industry? I got started in what I call the contract financing industry about 35 years ago, kind of by accident. I had spent years working with a large management consulting company in Boston and we […]

Only about 3 hours left! Buy your Miami ticket by midnight and automatically be entered into a raffle to win a free Brok...
12/03/2019
deBanked CONNECT MIAMI Cyber Monday Special!

Only about 3 hours left! Buy your Miami ticket by midnight and automatically be entered into a raffle to win a free Broker Fair 2020 ticket as well! Drawing is Wednesday

Buy a deBanked CONNECT MIAMI ticket today and you’ll automatically be entered a raffle to win a free ticket to Broker Fair 2020 in New York City. The winner of the raffle will be announced on Instagram LIVE on Wednesday, December 4th at 3pm EST. The contest ends tonight at 11:59PM EST. So make sur...

11/29/2019

This biggest discount on Broker Fair tickets EVER. TODAY ONLY. Use promo code: brokerfair29 for 29% off the early bird price! https://brokerfair.org

The company has raised €109 million and provides business loans and merchant cash advances
11/26/2019
Flender Makes BIG Mark in Ireland’s SME Lending Market

The company has raised €109 million and provides business loans and merchant cash advances

Ireland can seem like a small place, so much so that on my way to meeting with Colin Canny, Flender’s Head of Partnerships, I quite literally bumped into Flender’s co-founder & CEO Kristjan Koik who was walking through Dublin’s Silicon Docks. I recognized Koik from the who’s who catalogue of...

11/22/2019

We are dreaming of breezy palm trees, blue skies and 80 degree weather on this rainy NY day. You too? Join us on January 16th at the Loews Miami Beach! 😎🌴 PS - CONNECT Miami falls before a holiday weekend this year. Start booking those flights ✈️✈️✈️✈️

Sponsor alert!!! We are thrilled to announce that @bfscap @mr.advancellc @60daycapital and RTR Recovery will be joining ...
11/22/2019

Sponsor alert!!! We are thrilled to announce that @bfscap @mr.advancellc @60daycapital and RTR Recovery will be joining us in Miami! This event is not to be missed!🌴😎🌴😎 We can’t wait! #debanked #debankedconnect #funder #broker #lender #fintech #finance #sales @ Loews Miami Beach Hotel

Big crowd at the Canadian Lenders Summit today in Toronto!
11/20/2019

Big crowd at the Canadian Lenders Summit today in Toronto!

We sure do love a #speakerannouncement. Meet this this incredible panel. Join us on January 16 at #debankedconnect to he...
11/19/2019

We sure do love a #speakerannouncement. Meet this this incredible panel. Join us on January 16 at #debankedconnect to hear more about maximizing profit in 2020.⁣ 👆🏻⬅️

#deBanked #broker #funder #sales #finance #fintech @elevatefunding @capify_uk @united_capital_source

Remember the African Queen?
11/19/2019
Merchant Infamous For Safari-Themed Home, Has Died

Remember the African Queen?

The saga of Michael Willhoit has come to an end. deBanked wrote about Willhoit in December 2018 when we learned he defaulted on nearly half a million dollars in merchant cash advance transactions and was sued by banks over $4.5 million in bad loan deals. This past June he was also indicted on 36 cou...

“TAKE A LOOK THROUGH YOUR FILES.”
11/18/2019
For ISOs Only — How To Develop Your Factoring Brokerage Business (Part 1)

“TAKE A LOOK THROUGH YOUR FILES.”

Let me ask you a question; If you were walking down the street and saw a $100 bill on the sidewalk, would you stop and pick it up? Of course you would, unless you didn’t see it. Or would you say, “I’m in a hurry and it’s ONLY $100. I’ll make a lot more money […]

It's possible your merchants are suffering a cash crunch as some Chinese manufacturers began requiring full upfront paym...
11/17/2019
Clearbanc Offering Funding to Combat US-China Tariff Costs

It's possible your merchants are suffering a cash crunch as some Chinese manufacturers began requiring full upfront payments...

Clearbanc, the Toronto-based funding company co-founded by Dragons’ Den’s Michele Romanow, has announced this month that it will be expanding its funding options to support those small businesses who need assistance purchasing inventory from Chinese suppliers. Specializing in funding businesses ...

What started in New York has captured national attention...
11/15/2019
“Predatory Lenders” Slammed as Bill to Ban Confessions of Judgment Nationwide Advances

What started in New York has captured national attention...

Above: Rep Nydia Velázquez and Michael Bloomberg | Brooklyn, 2011(Bloomberg is majority owner of Bloomberg News parent Bloomberg LP) Rep. Nydia Velázquez (D) celebrated the advancement of a bill on Thursday that aims to outlaw confessions of judgment (COJs) in commercial finance transactions natio...

11/13/2019

Stanford All-American, 5 time NFL All-Pro, and All-Star front line competitor Brian Holloway will be speaking at deBanked CONNECT Miami on January 16th, two weeks before the Super Bowl takes place just down the road. Last year’s event was completely SOLD OUT. Get your tickets today: www.debankedmiami.com

#debanked #debankedconnect #finance #sales #broker #funder #fintech

Having worked in a diverse set of fields, the new COO has previously worked with Openlane, a B2B digital automotive mark...
11/13/2019
BFS Capital Hires New COO

Having worked in a diverse set of fields, the new COO has previously worked with Openlane, a B2B digital automotive marketplace; Wonga, the peer-to-peer lender where he was Head of Global Products and where he was introduced to Ruddock; and the IATF, or International Axe Throwing Federation, where he was a Co-founder and board member.

BFS announced this morning that it has hired Brian Simmons as its new Chief Operating Officer. The news come as the company is preparing for the North American launch of its tech platform in December, a move that is part of BFS’s vision to become a more consumer-focused business. This planned “j...

Using a third party collections company? This offers a lot of good things to consider... Dedicated Commercial Recovery I...
11/12/2019
Selecting a Third-Party Commercial Collection Agency

Using a third party collections company? This offers a lot of good things to consider...

Dedicated Commercial Recovery Inc.

It’s said that anyone can lend money out but the hard part is getting paid back. The latter part is full of nuance, a 32-page white paper authored by Minnesota-based Dedicated Commercial Recovery (Dedicated) reveals. “Choosing a third-party commercial collection agency is a matter of comparing p...

The question of "Who lends in Canada?" comes up a lot. Check out this list of the top 25 companies in the Canadian lendi...
11/11/2019
2019 Top 25 Company Leaders in Lending – Canadian Lenders Association – Presented By BMO

The question of "Who lends in Canada?" comes up a lot. Check out this list of the top 25 companies in the Canadian lending scene published by the Canadian Lenders Association!

The Canadian Lenders Assocation (CLA) received 124 nominations for these awards from leaders in lending across the country. The CLA’s goal is to support access to credit in the Canadian marketplace and champion the companies and entrepreneurs who are leading innovations in this industry. The Top 2...

An NYC Marshal at the center of a Bloomberg COJ story series was forced to resign
11/07/2019
COJ Enforcer Gets COJ’d By City of New York And Is Forced to Resign NYC Marshal Position

An NYC Marshal at the center of a Bloomberg COJ story series was forced to resign

A New York City marshal at the center of a controversial Bloomberg News story series last year about “predatory lending,” has resigned after a city probe, the City of New York announced. Marshal Vadim Barbarovich was allegedly a prolific enforcer of New York judgments obtained by confession. Aft...

Whoaaaa....
11/06/2019
Who Exactly Got Paid In Knight Capital’s Sale… And How Much? ($25 Million?)

Whoaaaa....

When Ready Capital Corporation acquired Knight Capital last week for $10 million in stock and an undisclosed amount of cash, questions abounded over who directly benefitted from the sale and how much cash was actually exchanged. Documents later submitted by Ready Capital revealed that Knight Capital...

The total sales price was undisclosed but it consisted of cash and 658,771 common shares of Ready Capital stock. A share...
11/01/2019
Knight Capital Has Been Acquired

The total sales price was undisclosed but it consisted of cash and 658,771 common shares of Ready Capital stock. A share currently trades at $15.83, valuing the stock portion in excess of $10 million.

Publicly-traded Ready Capital Corporation has acquired 100% of Knight Capital LLC. The total sales price was undisclosed but it consisted of cash and 658,771 common shares of Ready Capital stock. A share currently trades at $15.83, valuing the stock portion in excess of $10 million. More details may...

Become, formerly known as Lending Express, has finished its Series A funding round with $10 million having been raised f...
10/29/2019
Become Closes Series A with $12.5 Million

Become, formerly known as Lending Express, has finished its Series A funding round with $10 million having been raised from Benson Oak Ventures and Magenta Venture Partners, among others, as well as an additional $2.5 million in venture debt from Viola Credit.

Become, formerly known as Lending Express, has finished its Series A funding round with $10 million having been raised from Benson Oak Ventures and Magenta Venture Partners, among others, as well as an additional $2.5 million in venture debt from Viola Credit. “We strongly believe it is time to di...

BlueVine announced today that it will launch its BlueVine Business Banking product in 2020, which will offer checking ac...
10/28/2019
BlueVine to Enter Banking in 2020

BlueVine announced today that it will launch its BlueVine Business Banking product in 2020, which will offer checking accounts that come with debit Mastercards, checks, and ATM access exclusively to small businesses.

BlueVine Capital, the Redwood City-based alternative funder, has announced today that it will launch its BlueVine Business Banking product in 2020, which will offer checking accounts that come with debit Mastercards, checks, and ATM access exclusively to small businesses. And just like many of the n...

Photos from the Oct 24, 2019 deBanked CONNECT event at the Hard Rock Hotel in San Diego!
10/28/2019

Photos from the Oct 24, 2019 deBanked CONNECT event at the Hard Rock Hotel in San Diego!

Photos from the Oct 24, 2019 deBanked CONNECT event at the Hard Rock Hotel in San Diego!

We're here in San Diego!#debankedconnectSee you tomorrow at the Hard Rock Hotel!
10/24/2019

We're here in San Diego!
#debankedconnect
See you tomorrow at the Hard Rock Hotel!

Check your advertising. Someone may be looking to make sure it's accurate..
10/23/2019
The FTC Wants To Police Small Business Finance

Check your advertising. Someone may be looking to make sure it's accurate..

This story appeared in deBanked’s Sept/Oct 2019 magazine issue. To receive copies in print, SUBSCRIBE FREE On May 23, the Federal Trade Commission launched an investigation into unfair or deceptive practices in the small business financing industry, including by merchant cash advance providers. Th...

A federal judge declared the concept of "fintech charters" dead. If you're not taking deposits, you can't become a bank,...
10/22/2019
Federal Judge Rules New York’s “Win” Against OCC’s Fintech Charter Nullifies The Fintech Charter Concept Entirely

A federal judge declared the concept of "fintech charters" dead. If you're not taking deposits, you can't become a bank, not even a limited special purpose one.

The Office of the Comptroller of The Currency took a gamble with a federal judge in a lawsuit brought by the New York Department of Financial Services (DFS) and lost. On Monday, Judge Victor Marrero ruled that the OCC must “set aside” its special purpose (fintech) national bank charters entirely...

Debanked's cover photo
10/17/2019

Debanked's cover photo

We actually went to Ireland for this latest segment of The Broker series!
10/11/2019
The Broker: Funding Businesses The Irish Way

We actually went to Ireland for this latest segment of The Broker series!

I’m sitting in the lobby of The Marker Hotel, a 5-star 7-story property on the edge of Dublin’s Grand Canal Dock. Here in Ireland’s major tech hub, I’m waiting for a self-identified corporate finance broker by the name of Rupert Hogan, the managing director of BusinessLoans.ie. Outside of ou...

10/10/2019

Wow, there's only 1 broker ticket left for sale to deBanked CONNECT San Diego. 😮 We are working on making more available if you have not registered yet! Stay tuned! We're looking forward to seeing so many of you there.

These guys think that every single person that has owned Bitcoin since 2014 should be compensated for their losses by a ...
10/08/2019
Did You Own Bitcoin Before The 2018 Crash? This Bitter Group of Crypto Plaintiffs Think You May Be Entitled to $1.4 Trillion in Damages

These guys think that every single person that has owned Bitcoin since 2014 should be compensated for their losses by a company allegedly manipulating the crypto markets...

A group of plaintiffs whose Bitcoins suffered the great crypto crash of 2018, have a rough idea of how much damage was caused ($1.4 trillion) and who exactly was damaged, everyone. The alleged culprit is Tether, a little understood company that’s supposed to issue fully-backed digital US dollars t...

Borro used to tell business lenders that if a merchant couldn't get a loan from them, to refer the wealthy ones with lux...
10/07/2019
What Happened to Borro?

Borro used to tell business lenders that if a merchant couldn't get a loan from them, to refer the wealthy ones with luxury assets there way for a different kind of loan...

In 2013, Borro, an innovative online lending company that was poised to disrupt pawn shop lending forever, invited me to their stylish offices at 767 Third Avenue in Manhattan. It wasn’t for a story per se, but rather to learn more about each other’s place in the world of online lending. deBanke...

"At Broker Fair 2019, a lending conference hosted by deBanked, Christopher Murray and fellow panelists Katherine Fisher,...
09/27/2019
Transparency is the new currency

"At Broker Fair 2019, a lending conference hosted by deBanked, Christopher Murray and fellow panelists Katherine Fisher, partner at Hudson Cook LLP; Lindsey Rohan, attorney at law, Platinum Rapid Funding Group Ltd; and Steven Berkovitch, partner at Berkovitch & Bouskila PLLC assessed the impact of ever-changing regulations on the alternative lending industry."

Some industry leaders see transparency as a core value; others believe it's aspirational, since achieving full transparency is nearly impossible. None, however, doubt its importance.

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325 Gold Street, Ste 502
Brooklyn, NY
11201

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Tuesday 10:00 - 18:00
Wednesday 10:00 - 18:00
Thursday 10:00 - 18:00
Friday 10:00 - 18:00

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(212) 220-9084

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