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
From Our Partners
- Checkout in the time of COVID August 11, 2020Point-of-sale (POS) lenders, also referred to as buy-now-pay-later (BNPL) firms, allow shoppers to break up their individual purchases into installments, often without interest. By adding BNPL as an option at checkout or further upstream in the purchase process, the consumer’s buying power is increased and they are often less likely to abandon their checkout cart. […]
- Real Estate and Funding Deals With Chris Pepe August 10, 2020I recently spoke with Christopher Pepe, Head of ISO Relations at World Business Lenders. Pepe explained why WBL’s practice of securing loans against real estate has enabled their business to keep lending and to do deals unsecured lenders and MCA providers are not equipped to handle. You can watch the full interview here:
- The SEC Already Suffered a Major Defeat in the Par Funding Battle – But Who is the Real Loser? August 8, 2020While the news media, regulatory agencies, and law enforcement are high-fiving each other over the course of events in the Par Funding saga (a lawsuit, a receivership, an asset freeze, and an arrest), there lies a major problem: The SEC already suffered a major defeat. On July 28th, rumors of a vague legal “victory” for […]
- “A Bad Solution in Search of a Problem”: SBFA’s Response to the New York Disclosure Bill August 6, 2020“It’s actually shocking to me how tone deaf those who claim to represent our industry are when it comes to policy,” is how Steve Denis, Executive Director of the Small Business Finance Association, described the Innovative Lending Platform Association’s response to and influence over the drafting of bill A10118A/S5470B. Known as New York’s APR disclosure […]
- LendingPoint Partners with eBay to Fund Online Sellers August 6, 2020LendingPoint announced this week that it is partnering with the online marketplace eBay to provide funding to sellers on its platform. Titled eBay Seller Capital, the program will offer terms of up to 48 months, with no origination or early payback fees, and which will be capped at $25,000 during its pilot program. “We’re committed […]