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We hope your new year is starting off on the right foot! But were you aware of this new law that went into effect that could cost you $500 per day and 2 years in prison?? That's right, if you don't report ownership of your business entity by Jan 1, 2025, you could face punishment, but read our blog to find out what the new Corporate Transparency Act is and why FinCEN has implemented this now. https://www.funderintel.com/post/unpacking-the-corporate-transparency-act-fincen-s-latest-move-and-its-impact

From CNBC: The U.S. economy grew at blistering 3.3% pace in Q4 while inflation pulled back GDP, a measure of all the goods and services produced, increased at a 3.3% annualized rate in the fourth quarter of 2023. Wall Street had been looking for a 2% gain. • The U.S. economy for all of 2023 accelerated at a 2.5% annualized pace, well ahead of the Wall Street outlook at the beginning of the year for few if any gains and better than the 1.9% increase in 2022. • A strong pace of consumer spending helped drive the expansion, as did government spending. • There also was progress on inflation. Core prices for personal consumption expenditures rose 2% for the period, while the headline rate was 1.7%. The economy grew at a much more rapid pace than expected while inflation eased in the final three months of 2023, as the U.S. easily skirted a recession that many forecasters had thought was inevitable, the Commerce Department reported Thursday. Gross domestic product,(https://www.bea.gov/sites/default/files/2024-01/gdp4q23-adv.pdf) a measure of all the goods and services produced, increased at a 3.3% annualized rate in the fourth quarter of 2023, according to data adjusted seasonally and for inflation. That compared with the Wall Street consensus estimate for a gain of 2% in the final three months of the year. The third quarter grew at a 4.9% pace. Read full article: https://www.cnbc.com/2024/01/25/gdp-q4-2023-the-us-economy-grew-at-a-3point3percent-pace-in-the-fourth-quarter.html

For the latest regarding Covid/PPP related fraud cases visit the DOJ site here: https://search.justice.gov/search?affiliate=justice&sort_by=&query=ppp+fraud When merchants complain about stips, show them this...

Every entrepreneur seems to have a secret to their success. For some, it’s an ability to think outside of the box and take risks. For others, it’s staying humble, even when faced with huge success. While every entrepreneur is different, you’ll notice that there are also some things that they seem to share. DOWNLOAD the rest of this article from the PDF file below:

Its been brought to my attention that another individual has been spamming our members one by one and we will take action to stop this including blocking the member. I have already blocked others but we do our best to prevent it from even happening. If you get spammed please dm me. There's a difference between contacting a few people for legit reasons and messaging every single member with an offer for leads. It won't be tolerated. Thank you, have a great day😎

"Property mogul Barry Sternlicht last week said there’s $1.2 trillion of real estate losses in offices alone and “nobody knows exactly where it all is.” Investors are growing alarmed that smaller banks might be on the hook for much of the wipeout." "Concerns mounted over the past two weeks after New York Community Bancorp, under pressure from a US watchdog, slashed its dividend to help stockpile funds in case commercial real estate loans go bad. And property values may have room to fall further, only adding to the pain for lenders: research firm Green Street estimated this week that appraised values of properties may need to drop another 10% to reach fair valuations. The turmoil is a blow for landlords and bankers who were waiting for lower borrowing costs to ease the pain, embracing the mantra of ‘Survive Til ‘25.’ While that looked a good bet a couple of months ago, the robustness of the economy may cause the Federal Reserve to cut rates at a slower pace than markets had expected, increasing the risk of write downs at smaller lenders after they pushed into commercial real estate lending in recent years. Here are six charts that show where we stand and how we got here:" https://finance.yahoo.com/news/six-charts-explain-cre-debt-200000488.html

All, We have published a new News Feed page, under the Forum tab it will drop down. We are still testing the content and would like any feedback you have for the type of news you want, nationally and globally. https://www.funderintel.com/news-feed

Next up, the Senate. Which is no guarantee it passes. But it still shows the direction the government is taking against Tiktok and other companies that are controlled by adversarial countries. Our blog posted last night covered this. https://www.funderintel.com/post/tiktok-ban-bill-a-potential-blow-to-business-loan-brokers

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SoFi Pushed Into Profitability by Strong Results From Lending and Technology Platforms Not easily found is info on their new marketplace for business loans. https://www.investing.com/news/stock-market-news/earnings-call-sofi-technologies-posts-record-q4-results-eyes-2024-growth-93CH-3286691

Excited to have CFG Merchant Solutions join our event as a sponsor! Come out on Feb 22nd to see them and our other great sponsors in Ft Lauderdale. You can look at the previous mixer pictures on the Events page for some context of how this one will be. It's a beautiful location, away from traffic and parking headaches with a valet service if need be, upstairs and outdoors with plenty of space to meet people while enjoying your food and drinks. https://www.funderintel.com/event-details/business-lending-industry-mixer-Feb

Payments giant Stripe has acquired a four-year-old competitor, Lemon Squeezy, the latter company announced last Friday. Terms of the deal were not disclosed. As a merchant of record, Lemon Squeezy calculates and pays global sales tax for digital products, handling legal processing and fees in every country. It primarily serves SaaS and software businesses. In a post on X, Stripe CEO Patrick Collison announced the acquisition, saying, “Welcome @lmsqueezy! We’re going to scale merchant of record selling in a big way.” And Chief Product Officer Will Gaybrick shared in his own post: “When asked “what should Stripe ship next?” many of you’ve said merchant of record. The Lemon Squeezy team has built an excellent MoR product, and we’re excited to work together with them to help more of you launch to grow!” In a blog post, Lemon Squeezy co-founder and CEO JR Farr noted that since his 13-person company’s public launch in 2021, that it received “many acquisition offers and (Series A) term sheets from investors.” In one podcast, Farr specifically discussed turning down a $50 million Series A term sheet. (It’s not clear how much, if any, venture funding the startup has raised.) https://techcrunch.com/2024/07/26/stripe-acquires-payment-processing-startup-lemon-squeezy/