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Operating as usual
"Sean, would you actually recommend a merchant use alt finance that takes a percentage of their credit card sales?"
Sean: Yes, because I've done this for my own business...
deBanked TV: Would I Recommend Alt Funding? Yes, I've Used It Myself
Split-funding deals are still a hot market but you have to be well acquainted with the payments space.
Cash Buoy
Back in its heyday, the MCA industry began as credit card factoring. The original product was simple- purchase future credit card receivables, and collect a percentage of them every day: easy peasy. Then, the industry broadened into ACH, funding businesses that did not have credit card purchases and...
We've acquired the Lend Academy P2P/Investor Forum (just the forum, not the whole site) after it was seemingly permanently lost. We've been able to restore a lot of it back. Email [email protected] to restore account access.
The P2P Lending/Investor Forum formerly at LendAcademy.com is coming back! In late May, the online forum at LendAcademy.com went offline. Soon after, the forum URL was redirected to a note from the company that said the server hosting the data was no longer accessible. “Upon further investigation ...
The industry's weekly news in a quick minute!
deBanked TV: What's The Deal? - Ep 14
So many people in alternative finance are also investing in real estate. We spoke with successful real estate investor Ralph DiBugnara about how to get started and how he got into the business.
deBanked TV: Real Estate Investing With Ralph DiBugnara
Work harder, not smarter! Wait...what?
Thoughts?
With years of funding experience, a duo is creating an MCA cryptocurrency called Seed Token to build better payment collections and take part in what they call the future of financial transactions. “We started with the notion of using smart contracts and algorithms and blockchain to quicken the co...
Tomorrow, Sean Murray will be LIVE with Oz Konar from Business Lending Blueprint on deBanked TV. We'll be together in person. Tune in!
Tomorrow, Sean Murray will be LIVE with Oz Konar from Business Lending Blueprint on deBanked TV. We'll be together in person. Tune in!
Have you seen Kabbage appear in your business Amex dashboard?
American Express business cardholders may be seeing a notification from Kabbage in their online dashboards. This writer did today. “Introducing Kabbage®, now an American Express company. Streamline your business banking with Kabbage Checking™ and earn 1.10% APY on balances of up to $100,000, wi...
We're adding and editing the live streamed videos from the SEAA show onto deBanked TV. We've got a ton of content
deBanked TV: Garima Shah - Biller Genie - SEAA 2021
Leo Kanell helps new entrants to the business with a 7-day marathon livestream on facebook.
Leo Kanell, a funder from Utah, runs the 7 Day Funding CEO Challenge, a seven-day marathon video livestream of inspirational and educational funding content. “So how [the challenge works] is basically, we’re looking for communities, and we’re building a community,” Kanell said. “Our focus ...
The SEAA - Southeast Acquirers Association 2021 conference is under way and it's got a thousand people at it. People are glad to be back in person! 😎😎
More than a thousand people are attending the 20th annual SEAA conference in Bonita Springs, FL that started on Monday. The show is a staple of the payments industry. “It’s a changing game every minute,” said SEAA board member Derek Vowels about what’s going on in payments . The packed event...
We'll be streaming live on deBanked TV from the SEAA show in Bonita Springs, FL starting this coming Monday.
deBanked will be streaming live from the Southeast Acquirers Association conference on May 24th and 25th in Bonita Springs, FL. The payments show celebrating its 20th anniversary is expected to have nearly 800 people IN PERSON. The livestream will be available at scheduled times at deBanked.com/tv/....
New bodybuilding tips from deBanked... 😁
BREAKING NEWS:
Transaction Represents Company’s Inaugural Institutional Financing TUSTIN, Calif., May 19, 2021 – Good Funding, LLC (“Good Funding”), a recently-launched small business finance company, has closed on a $20.0 million senior revolving credit facility with a U.S.-based, credit focused asset man...
Everything you missed in the industry this week in a minute...
deBanked TV: What's The Deal? - Episode 10
ROK Financial, a commercial finance company, is growing. We put on a hard hat to see for ourselves
deBanked TV: On The Scene At ROK Financial
Carole Baskin and Fintech
So.... one fintech company is using Carole Baskin to promote their services because her husband is a former banker. 😮😮😮
It's beginning to look like this debate is going to take place in every state.
North Carolina is the latest in a series of states to introduce a commercial financing disclosure bill. The “Small Business Truth in Financing Act” introduced on May 11th, would cover business loans, factoring, and merchant cash advances. The language was copy and pasted from bills elsewhere, li...
Pretty big funding numbers for 2020!
Forward Financing won a Silver Stevie Award for the Best Customer Service Department of the Annual American Business Awards, for their work helping clients during the pandemic year. The firm originated a total of $165,826,203 across 6,142 advances in 2020, a representative said. “We are truly hono...
Everything that happened in the industry this week - With Kevin Travers
deBanked TV: What's The Deal? - Ep 9
BREAKING NEWS:
OnDeck CEO Noah Breslow announced that as of April 30th, he had left OnDeck. He wrote the following in a May 7th post on LinkedIn: It is hard to believe, after a nearly 14 year run, that last Friday was my final day as an OnDecker. Working to build OnDeck with our incredible team, our […]
This event, normally conducted in person, is a great opportunity to learn about the legal landscape of the industry.
https://www.counselorlibrary.com/register/
This event, normally conducted in person, is a great opportunity to learn about the legal landscape of the industry.
https://www.counselorlibrary.com/register/
We spoke with PIRS Capital and Mulligan Funding LLC
A year into the pandemic and from the deBanked office in Brooklyn, it looks like the world is opening up again. After a year of Zoom and LinkedIn networking, those in the industry lucky or talented enough to have survived can still complain without restraint about big government lockdowns and misgui...
Check out the latest deBanked Magazine issue here!https://debanked.com/magazines/deBanked-Magazine-Mar-Apr-2021.pdf
Check out the latest deBanked Magazine issue here!https://debanked.com/magazines/deBanked-Magazine-Mar-Apr-2021.pdf
Enova originated $322M in small business loans in Q1.
When Enova acquired OnDeck, it thought that the company’s legacy portfolio would have very little value. Now that the dust has settled, it’s become a gold mine. “We now expect to receive over $200 million of total cash from the acquired portfolio, net of securitization repayments,” said Enov...
The company funded $84.9M last year
IOU Financial filed their full-year 2020 financial results, boasting a total of $84.9 million in originations. Though at a $3.2 million net loss and decrease of 45% in originations from 2019, IOU representatives attest the firm weathered the worst of the pandemic and has left the other side prepared...
Well this is interesting...
“The reimagined future of BFS starts now, and today I’m proud to announce that BFS Capital has become Nuula,” wrote BFS Capital CEO Mark Ruddock on LinkedIn. In a lengthy post, he explained that the company has shifted its “philosophy from solely selling loans acquired primarily from brokers...
Imagine if you could buy the digital footprint of all your fallen competitors for ten bucks a pop. We actually tried to see what would happen...
Unfortunately, Deleting Your Business May Not Be An Option One Can Risk. This story appeared in deBanked’s Mar/Apr 2021 magazine issue. SUBSCRIBE FREE In March 2021, deBanked revealed that 7.5% of DailyFunder’s user base that had existed in March 2020, was lost during the pandemic. DailyFunder, ...
We went LIVE with Frank Ebanks, CEO of Spartan Capital. We delved into his inspirational story and got his perspective on the future of the business funding industry. 😎
deBanked TV: Live With Frank Ebanks, CEO of Spartan Capital
We'll be LIVE shortly with Spartan Capital CEO Frank Ebanks
What's this Supreme Court ruling on FTC power all about? We sum it all up in 3.5 minutes!
deBanked TV: FTC Scotus Ruling Summarized
New York's pizza scene must survive! Shout out to Rosa's pizza and Rocky's II.
The FTC says that SCOTUS has "ruled in favor of scam artists"
Responding to the FTC’s devastating loss on AMG Capital Management, LLC et al v Federal Trade Commission before the Supreme Court of the United States in which the agency’s presumed authority to pursue relief such as restitution or disgorgement under Section 13(b) was revoked, Acting Chairwoman ...
BREAKING NEWS
The United States Supreme Court issued an explosive decision in AMG Capital Management, LLC et al v Federal Trade Commission, invalidating the Commission’s attempt and assumed power to pursue equitable monetary relief such as restitution or disgorgement. The immediate result is that the FTC’s la...
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#mondaymotivation with a video of our President @seanmurraynyc speaking at @brokerfair 2019 about the importance of funding new business. #smallbusiness #businessloans #debanked #funding
Want to learn more about reverse consolidation? @kosherguru talks finance and Kosher food with us at @reservecutnyc !! Visit debanked.com/tv for more !! #debanked #kosher #kosherfoodie #businessfunding #finance #nyceats
Here's what we know about Lendit Fintech's first ever virtual event. Will you be there today for Day 3???
United Capital Source Inc. CEO Jared Weitz, who graced a 2015 cover of deBanked Magazine, returned for an interview with Sean Murray to discuss the state of the small business finance industry!
We recently spoke with Smarter Loans co-founders about online lending, fintech, and digital adoption in Canada as well as the impacts of COVID
Episode 23: California has passed a mini-CFPB bill, Johny Fernandez rides a NYC Taxi, & Peter Ribeiro of US Business Funding talks success in 2020 and beyond!
Episode 22 - Big news for BlueVine, restaurants sue NY over closures, and excerpts from our interview with Chris Hurn at Fountainhead Commercial Capital
Wishing you a Happy Labor Day! #merchantcashadvance #businessloans #sales #finance #smallbusinessloans #fintech #lending #debanked #broker #funder #lenders #leasing #factoring
We talk interest rates, the stock market, and fintech infrastructure in Episode 21 with Johny Fernandez and excerpts of an interview with Timothy Li, CEO of Alchemy
Episode 20 - New Yorkers respond to Seinfeld's op-ed, Intuit QuickBooks is rising up the small business lending charts, and Trey Markel of Centrex Software tells us what stats and trends he's seeing in the industry. 😎
Episode 19 - Kabbage/Amex, BF 2021, Big Tech Bets Big on NYC
Episode 18: The FTC's “Wipeout” Comments, Facebook, and Capiform 😎🙂
Chris Pepe at World Business Lenders Talks About Real Estate and Funding Deals
In this week's episode: The OnDeck sale, Batman, Bitcoin, and Christopher Pepe of WBL 😎
Our reporting on New York's new APR law and more!
The latest industry news from the studio to Wall Street with Sean Murray & Johny Fernandez
Johny Fernandez asks Sean Murray if he still feels the way he did about "the shakeup" he predicted in March...
We get this question a lot. “I sent my deal to some random company off a cold call, never got paid the commission, and I can’t find that company online to even complain, can you help me find them so I can get paid?” Unfortunately this might be a lesson learned situation. Don’t do this next time!
This is how Broker Fair Virtual started this morning
Johny Fernandez asked Sean Murray some questions about the upcoming Broker Fair 2020 Virtual and what the last few months might mean for events in general going forward.
A lot of you are working from home right now. We are as well! Check out our deBanked tips on how to keep your head in the game presented by Allyson Berger 🙂
Ladies and Gentlemen, the shakeup everyone has been predicting for years has come...
Industry shows (LendIt Fintech Conference and Broker Fair 2020 - Commercial Finance Expo) in mid-May will go on as planned, Funding Metrics secured a $100 million credit facility and the Democratic Primary Race has been narrowed down to two candidates. The news via Kayla Ayres
Another platform has announced their foray into business funding, but will this one even work?
The latest episode
New York's new Broker Rental law, the story behind the #brokersarebetter Super Bowl Commercial, and the winners of 2 free #brokerfair tickets!
deBanked's Sean Murray recently sat down with Johny Fernandez to talk about why all lenders need to pay attention to LendEDU's encounter with the FTC, the acquisition of DailyFunder and the Democratic primary.
