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Our next business lending/fintech mixer has been set for Tuesday, April 8th!! See below and register today. Brokers can get tickets at an early bird price for a limited time!   Limited Sponsorships available until 3/25/25 Funder Intel Industry Mixer April https://www.wix.app/events/4c467abc-de81-4e85-8c91-08ed4fd1eba9/0b52c45b-a234-4945-9b4c-12146666ed87/details?d=https://www.funderintel.com/event-details/funder-intel-industry-mixer-dec-1

Good news for Amazon sellers as this gives them more financing options. SellersFi (https://www.linkedin.com/company/sellersfi/)(headquartered in South Florida) recently closed a $135 mil credit facility (potential to reach $300 mil), guess we know how impactful that was.  https://www.pymnts.com/amazon/2024/sellersfi-and-amazon-partner-to-offer-credit-lines-to-sellers/

Monday business stats! In March 2023, 34.7 percent of U.S. private-sector business establishments born in March 2013 were still in operation. In other words, one-third of businesses created in March of 2013 survived for a decade. https://www.bls.gov/opub/ted/2024/34-7-percent-of-business-establishments-born-in-2013-were-still-operating-in-2023.htm

Embedded lending is all about the future of credit. As such, it has opportunities and challenges, even in developed markets like the United States. The PYMNTS Intelligence report “The Embedded Lending Opportunity: U.S. Edition,” commissioned by Visa, found that 17% of consumers and 16% of businesses have used embedded lending platforms over the past 90 days, accessing credit directly through a merchant or service provider’s platform. While the model is promising, it faces hurdles that lenders must overcome to maximize its potential. The promise and challenge were top of mind for Shane Holdaway, global head of card products at Visa, in a conversation with Karen Webster. Holdaway said lenders must carefully navigate risks, regulatory demands, and evolving customer expectations to succeed. Case in point: Embedded lending has become attractive to consumers and small businesses grappling with unpredictable cash flows. According to the report, 33% of U.S. consumers with unstable cash flows used embedded lending in the last 90 days, and 26% of small businesses with similarly volatile financial situations used it in the past year. These numbers underscore a growing appetite for flexible lending solutions that can address real-time financial needs without the friction associated with traditional loan products. “For many small businesses, cash flow is a constant balancing act,” Holdaway said. “Embedded lending allows them to address those mismatches between inflows and outflows in real time. That’s the promise of embedded lending — it’s about being there when a business needs to cover an unexpected expense or seize an opportunity, right at the point of purchase.” WATCH VIDEO https://www.pymnts.com/news/payments-innovation/2024/lenders-must-overcome-application-friction-to-grow-embedded-lending-share/?utm_source=Sailthru&utm_medium=email&utm_campaign=Main%20NL%2010/09&utm_term=Main%20Newsletter

Big news late yesterday! No need to file a BOI if you haven't aready done so. WASHINGTON, D.C. (Dec. 3, 2024) – The National Federation of Independent Business (NFIB) applauds today’s decision in the case Texas Top Cop Shop, Inc., et al. v. Garland, et al. at the U.S. District Court for the Eastern District of Texas. The Court granted NFIB’s request for a preliminary injunction, blocking the U.S. Department of Treasury from enforcing the Corporate Transparency Act’s (CTA) beneficial ownership information (BOI) reporting requirements. “This ruling is a huge victory for small businesses nationwide, and just in time” said Beth Milito, Executive Director of NFIB’s Small Business Legal Center. “For many Main Street small businesses, they were a mere four weeks away from the deadline to file their information in accordance with the CTA. The BOI reporting requirements are a harmful invasion of small business owners’ privacy and a misuse of their valuable time. Thankfully, the Court agreed and granted a preliminary injunction, giving small business owners a reprieve from this burdensome rule.” https://www.nfib.com/news-article/nfib-prevails-in-blocking-burdensome-beneficial-ownership-requirements-for-small-businesses/