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- Tether Attempts to Explain Itself On CNBC July 22, 2021Both Tether’s CTO and General Counsel went live on CNBC earlier this week in an attempt to push back against critics challenging their business model. The company recently revealed that less than 3% of its digital currency was backed by US dollars after a settlement with the NY Attorney General compelled some disclosures. The US […]
- Fraudsters May Leverage Their PPP Approvals to Get Business Loans and MCAs July 21, 2021A small business finance underwriter torn between approving or declining an applicant probably should not consider whether or not that business got PPP funding as evidence of the applicant’s legitimacy. A new alert put forth by Experian claims that “greater than 75% of PPP loans originated by commercial fintech lenders were NOT run through a […]
- Square Capital is Now Just a Bank Loan Product July 20, 2021Square Capital has been reduced to just one of several banking products under the Square Financial Services umbrella. That’s one result of Square successfully becoming a bank earlier this year. Loans will be one product offered alongside checking accounts, savings accounts, and debit cards. Just as before, Square’s loans will be repaid by diverting a […]
- National Funding on Growing its Team to Prepare for the Bull Run of 2022 July 15, 2021“We’re about people and platforms,” President of National Funding Joe Gaudio said. “PP: People and platforms, not PPP, that’s my little acronym.” National Funding is back and looking to hire fresh talent, rebuilding their team after the pandemic rolled through the California market. “Whether it was California or if we resided in another state, it […]
- Fundworks Completes a Refinancing of its Capital Structure of up to $70 Million July 14, 2021The Company Announced Today the Closing of a New Bank Credit Facility and the Issuance of Corporate Notes VAN NUYS, CA, July 13, 2021: The Fundworks, LLC, a leading a tech-enabled small business finance company, announced the recent closing of a $25.0 million Credit Facility with a commercial bank and the sale of $20.0 million […]