Prior to the financial crisis of 2008, if you needed more money than you had available, you went to a bank and you got a loan. Whether you were an
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- CFG Merchant Solutions Enhances Partnership with Arena Investors and its Affiliates to Serve SMEs May 29, 2020NEW YORK, New York., May 29, 2020 — CFG Merchant Solutions (“CFGMS”), a leading financier of small and medium-sized enterprises (“SMEs”), announced today that the company is building upon its partnership with Arena Investors, LP (“Arena”), in conjunction with Ceteris Portfolio Services (“Ceteris), an Arena servicing affiliate, in servicing and providing liquidity to Platinum Rapid […]
- OnDeck Status Update May 28, 2020OnDeck submitted an unprompted mid-quarter update with the SEC early this morning on its status. Unlike previous submissions, the company prepared a visual of its debt situation. The bad news is that there is a good amount of negotiating with creditors left to be done. The good news was that there was an uptick in […]
- Most Brokers Plan to Minimize Use of a Central Office Post-COVID, Survey Suggests May 26, 2020A survey conducted by Overland Park, KS-based Strategic Capital revealed that only 36.8% of respondents plan to completely return to the office full-time after cities fully open back up. The vast majority of respondents were small business finance brokers. 44.7% selected that they would minimize office space or only use office space to house core […]
- How NYC Fintech Women is Keeping its Community Going in a Pandemic May 23, 2020How does a community of people continue to support each other and network in a pandemic? What is lost when in-person meet ups are replaced by stop-start Zoom conversations? Do geographical limits even exist anymore when everyone is bound to their homes? These are the questions that NYC Fintech Women are dealing with now. Founded […]
- OnDeck Hits Payout Event Trigger on $105M Credit Facility May 22, 2020Earlier today, OnDeck filed a status update to shareholders with the SEC. The company’s portfolio performance triggered an Asset Performance Payout Event (Level 1 they say) with a credit agreement that at present has an outstanding balance of $105 million. The event triggers monthly principal repayments which, if not cured or amended, would commence with […]