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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:...
06/17/2021
Would I Recommend Alt Funding? Yes, I've Used It Myself

"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
06/15/2021
CC Splits Still Make Profits, Payments Knowledgeable Funders Benefit

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 permanent...
06/14/2021
LendAcademy P2P/Investor Forum is Returning

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 ...

So many people in alternative finance are also investing in real estate. We spoke with successful real estate investor R...
06/10/2021
Real Estate Investing With Ralph DiBugnara

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

06/09/2021

Work harder, not smarter! Wait...what?

Thoughts?
06/02/2021
MCA Vets Launch Funding Crypto Token

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 pe...
06/01/2021

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?
05/27/2021
Kabbage Spotted in American Express Cardholder Dashboard

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
05/27/2021
Garima Shah - Biller Genie - SEAA 2021

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.
05/26/2021
After Funding Millions, Alt Financier Hosts Funding CEO Challenge

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...
05/25/2021
SEAA Kicks Off in Florida

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.
05/21/2021
deBanked to Livestream from the SEAA Show in Bonita Springs

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/....

05/20/2021

New bodybuilding tips from deBanked... 😁

BREAKING NEWS:
05/19/2021
Good Funding Announces Closing of up to $30 Million Credit Facility

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...

ROK Financial, a commercial finance company, is growing. We put on a hard hat to see for ourselves
05/13/2021
On The Scene At ROK Financial

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

05/12/2021
Ummmm

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.
05/12/2021
North Carolina Joins States Proposing Commercial Financing Disclosures

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!
05/10/2021
Forward Financing Wins Customer Service Award, Originates $165M in 2020

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
05/07/2021
What's The Deal? - Ep 9

Everything that happened in the industry this week - With Kevin Travers

deBanked TV: What's The Deal? - Ep 9

BREAKING NEWS:
05/06/2021
Noah Breslow Has Left OnDeck

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 […]

We spoke with PIRS Capital and Mulligan Funding LLC
05/04/2021
How Funders Survived PPP and a Year of Covid

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
04/30/2021

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.
04/30/2021
OnDeck Proving to be Extremely Valuable Acquisition for Enova

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
04/29/2021
IOU Financial Posts 2020 Results

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...
04/29/2021
BFS Capital is Now Nuula

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 ...
04/28/2021
The Death of A Thousand Financial Companies

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 o...
04/27/2021
Live With Frank Ebanks, CEO of Spartan Capital

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

04/27/2021

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!
04/26/2021
FTC Scotus Ruling Summarized

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

04/26/2021

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"
04/22/2021
The FTC is Very Upset With the SCOTUS Decision

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
04/22/2021
United States Supreme Court Defangs FTC in Explosive Decision

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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