2024年11月19日 · The latest data from the SBA is in. It charged off $18.7B in Covid EIDL loans in FY 2024. That was down from $52B charged-off in FY 2023. The program still has an unpaid principal balance of $277B. PPP loans were still being written off in FY 2024 as well, coming in $2.5B charged-off vs […]

2024年11月7日 · On average, Square customers that used the Square Loan product grew 6% faster than those that did not use it, the company revealed. Jack Dorsey, the CEO of Square’s parent company, Block, used the 3rd quarter earning’s period as an opportunity to discuss its lending operations. The relevant parts are excerpted in non-sequential order below: […]

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2024年10月29日 · A fter taking drastic action over the last year to rein in surging SMB lending charge-offs, PayPal believes it has corrected the issue. “We have now fully lapped the actions taken last year to tighten credit underwriting and reduce on balance sheet risk,” said PayPal CFO Jamie Miller on the Q3 earnings call.

2024年10月7日 · A dd TikTok to the list of tech platforms offering business loans. TikTok Shop Capital is now “offering sellers access to fast and flexible business financing,” the company states on its website. Unsurprisingly, one of TikTok Shop’s partners is Parafin but the company also lists Storfund and Kanmon as funding partners. Storfund announced its deal with TikTok earlier today and said that ...

2024年11月3日 · eBay is coming in hot to the small business financing game. The company reported that it had connected merchants with $100M in funding YTD, over $40M of it being “business cash advances” through Liberis alone. Liberis is a UK-based company that expanded into North America 4 years ago. It secured $112M in debt funding last […]

2024年5月7日 · A firm that offers to “restructure corporate debt primarily MCA or Merchant Cash Advance debt” was sued last month by a small business owner for fraudulent inducement, consumer fraud, unjust enrichment, breach of fiduciary duties, and for a declaratory judgment. Corporate defendants include MCA Resolve LLC and Coastal Debt Resolve (ABSM LLC) in …

2024年12月11日 · The results are finally in. After a six-month review period, the SBA finally announced the applicants that have been approved to serve on its inaugural small business lending advisory council. They are: Paul Brown, Managing Partner, Michigan eLab Investment Co. Sheryl Cameron, Executive Director SBA Solutions, JPMorgan Chase Kevin Carey, Interim President and CEO, American […]

2024年9月18日 · W e’ll be in Las Vegas for the inaugural B2B Finance Expo (a deBanked / SBFA collaboration). Tickets are just about sold out so if you haven’t bought one already, check the site to see if registration is still active.It will turn off automatically. Here’s what you need to know: Sept 22, Wynn, Las Vegas, 7-10pm: B2B Finance Expo Poker Tournament ...

2024年11月21日 · ENTER YOURSELF IN BROKER BATTLE HERE B roker Battle returns on February 20, 2025 at deBanked CONNECT MIAMI.The competition, now the 2nd ever after last year’s very successful launch, is back with an improved format that allows for almost any qualified broker the opportunity to be tested LIVE in person.Broker Battle TWO will also have 3 separate broker categories versus last year’s catch-all.