What happened? On June 21st, 2018, the Supreme Court issued a decision overturning Quill Corp. v. North Dakota (1992). This court ruling in the case of South Dakota v. Wayfair (2018),
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- Following Nine Lawsuits, OnDeck Discloses Supplementary Details Behind Planned Enova Merger September 29, 2020Above: OnDeck CEO Noah Breslow speaks at LendIt in 2016 After OnDeck announced its planned merger with Enova, it was sued nine different times (See here and here) by shareholders that accused the company’s Board of Directors that they had failed to disclose material information about the deal. OnDeck formally responded on Monday, September 28th, […]
- Prashant Fuloria Explains Why Fundbox Has Been Successful in 2020 September 28, 2020When Prashant Fuloria joined Fundbox as Chief Operations Officer in 2016, the San Franciscan firm was a three-year-old startup with less than eighty employees. By the time Fuloria moved into the office of CEO this July, the small business credit and invoice financing company had grown exponentially, with more than $430 million in raised capital […]
- Nav CEO Talks About Platform Enhancements September 28, 2020“Our news is really about Improving and enhancing our platform to use real-time business data to uncover and align qualifications for small business owners to the best financing options available to them,” said Nav CEO Greg Ott about a recent announcement. Nav is a small business information service that connects borrowers to lenders across the […]
- United Capital Source CEO Jared Weitz Discusses The State of Small Business Finance September 24, 2020Jared Weitz, the CEO of United Capital Source, recently sat down (virtually) for an interview with me to discuss the state of small business finance. During it, Weitz makes an alarming prediction, that pandemic related events will lead to 50% of all restaurants permanently closing. You can watch our full talk below:
- Amid Pandemic, Small Businesses Pivot to Sell Personal Protective Equipment September 23, 2020This story appeared in deBanked’s Jul/Aug 2020 magazine issue. To receive copies in print, SUBSCRIBE FREE A number of small businesses—including those in the merchant cash advance industry—faced with little or no way to make money for months—have pivoted to selling personal protective equipment. It’s no wonder businesses across the U.S. have shifted gears. With […]