From Our Partners

• Layoffs At Ondeck July 11, 2020
  OnDeck issued a round of layoffs this week, new former employees report. One said that the company had “made changes needed to navigate these unprecedented times.” The layoffs were announced on Wednesday and appear to span both the company’s New York and Denver offices. Ironically, when deBanked sent an email to OnDeck’s head of corporate […]
• Companies On PPP List Claim to Have Received No PPP Money July 9, 2020
  On Monday the SBA released a list of all the companies who received Paycheck Protection Program loans to the amount of $150,000 and over. Detailing company names, locations, industry, reported jobs supported, as well as the range of the loan received, the list highlights roughly 660,000 loans, or 15% of the total loans issued by […]
• Discussion: The State of The Industry With Matthew Washington at PIRS Capital July 9, 2020
  I recently connected with Matthew Washington, the Chief Revenue Officer of PIRS Capital to get his take on the state of the industry right now and whether or not there are opportunities in the market. Video below:
• Funding Circle US Lays Off 120 Employees July 9, 2020
  Funding Circle US laid off 120 employees yesterday, according to a post shared by Ryan Metcalf, Head of U.S. Regulatory Affairs and Social Impact. Reuters reported that the company will also centralize its technology development in the UK rather than have a separate US team going forward. The US operation had largely been focusing on […]
• Breakout Capital Weathered The Storm And Came Out With Expanded Access to Credit July 8, 2020
  Breakout Capital never stopped funding. That’s what CEO & President McLean Wilson recently shared with deBanked. The company not only weathered the storm but has come out with expanded access to credit totalling $20MM with Medalist Partners, one a current term loan facility and the other a new term loan facility with “attractive” forward flow […]