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What You Need to Know About the SBA's New Licenses
The recent Federal Register Notification regarding the Small Business Lending Company (SBLC) Application Process is poised to impact the...
Aug 13, 2024


Lobbying Surge in Fintech Industry Amid Regulatory Uncertainty
According to data from Open Secrets, PayPal, Block, and Early Warning Services are leading a surge in fintech lobbying expenditures in...
Aug 10, 2024


NewtekOne Sees Strong Growth in Business Lending
Newtek Bank and the Company’s non-bank lending subsidiaries closed $316.5 million of loans across all loan products for the three months...
Aug 7, 2024


Get Ready to Mix and Mingle at the Next Funder Intel Event!
This September, it becomes the stage for a high-caliber networking event hosted by Funder Intel.
Aug 5, 2024


Square did 142K loans totaling $1.45 billion in Q2
In its earnings report on Thursday, Block reported that Square Capital did 142,000 loans totaling 1.45 billion in Q2 of 2024. That number...
Aug 2, 2024


Paypal down $200 million in merchant receivables from 2023
A key performance indicator of how its portfolio is doing would be looking at its Charge-off rate. The report says, "The decrease in charge-
Jul 31, 2024


Budding Opportunity: Demystifying Lending to Cannabis Businesses
The Justice Department made an announcement earlier this year to move Cannabis to a Schedule III drug, which is a less harmful drug, but it
Jul 24, 2024


Johanna Michely Garcia changed her plea in Ponzi scheme case
A handcuffed Johanna Michely Garcia clad in her brown jumpsuit sat with her two attorneys in a Miami Federal courthouse opposite prosecutors
Jul 16, 2024


Missouri Commercial Financing Disclosure Law Signed by Governor
Missouri becomes the latest state to put new commercial financing laws into place. Governor Mike Parson signed SB1359 on July 11th
Jul 16, 2024


SMBs using Embedded Lending borrow 48% more than other types of lending
A new report by PYMNTS Intelligence and commissioned by Visa called "How Embedded Lending Can Boost Growth and Stability for Small...
Jul 15, 2024


Our Interview with Carolyn McClure of Loeb
Since 1880, Loeb has provided auction and liquidation services for machinery and equipment, appraisals since the 1960’s and asset-based...
Jul 12, 2024


eBay partners with Liberis to offer revenue-based financing product
eBay, the global e-commerce giant, has taken a significant step to support its seller community by launching a new financing product called:
Jul 10, 2024


Forward Financing and ICIC Join Forces to Support Underserved Entrepreneurs
Forward Financing’s customers not only receive immediate financial assistance but also gain access to a network of mentors and peers.
Jul 5, 2024


Samson MCA sues Boston Market | NAC starts SBA 7a loans | MJ Capital update | Plaids expansion | Jobless claims
Samson MCA sues Boston Market | NAC starts SBA 7a loans | MJ Capital update | Plaids expansion
Jul 3, 2024


Johanna Michely Garcia ready to change plea in $200M MJ Capital fraud case
The MJ Capital saga is winding its way through the court system with the latest updates from Johanna Garcia's case in late June being a...
Jul 1, 2024


Why a blacklist for commercial loan brokers will or won't work
There are no legitimate, accessible blacklists for commercial loan brokers that I am aware of nor a website that houses a blacklist or...
Jun 26, 2024


Surprise Buyer Snaps Up Funding Circle’s US Operations for £33M
In a strategic shift that was somewhat anticipated, Funding Circle US announced in a press release today that it has agreed to sell its...
Jun 24, 2024


Fintech Nexus Announces Closure After 11 Years
Fintech Nexus, initially established as LendIt in 2013, has announced its shutdown after a decade of significant influence in the fintech...
Jun 22, 2024


Thoughts on the Kris Roglieri case with a CCTG student
got the chance to catch up with one of our early loan broker course enrollees James Jones, CEO of Entre Funding and Bizzlyelite, who...
Jun 19, 2024


DOJ sues Adobe Inc. for deceptive practices
The FTC referred this complaint to the DOJ when their investigation found that allegedly "Adobe ambushed users with hefty "early termination
Jun 17, 2024


$1.1 Billion? Yes, White Oak Commercial Finance has a new credit facility
White Oak Commercial Finance’s working capital facilities can range from $10 million to $250 million or more. Products include...
Jun 14, 2024


Pipe Secures $100 Million from VPC to Transform SMB Financing
Pipe, a modern capital platform, has announced the closing of a $100 million credit facility from Victory Park Capital (VPC), a global...
Jun 11, 2024


California SB 1482: What Commercial Finance Providers Need to Know
Senate Bill 1482 sailed through the Senate with a unanimous vote (talk about bipartisanship!), and it's now headed to the Assembly. This...
Jun 8, 2024


SBA to launch new working capital pilot program
SBA Administrator Isabel Casillas Guzman announced that this working capital pilot program will be launched in the coming months to...
Jun 5, 2024
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