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Loans

On Deck Capital Represents Industry on the Big Stage

June 17, 2013
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Noah Breslow tells the anchors on Bloomberg news that the average small business loan they do carries an interest rate between 18% and 36%. That is obviously before closing fees but it is interesting to watch the product pitched and dissected on TV.

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Alternative Business Lending With Steve Sheinbaum on #BusinessFuel

May 27, 2013
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twitter

This past friday, I joined in on Lendio’s #BusinessFuel on twitter, a twitter chat that is held weekly. There were many alternative business lending experts in attendance including Steve Sheinbaum, the CEO of Merchant Cash and Capital. He was the featured guest and the questions were directed at him for the last half hour. I’ve [...]

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Lending Club in Action

May 26, 2013
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lending club check

Soon after Google Inc. bought a stake in the personal loan company Lending Club, I apparently got added to their mailing list. I wonder if Google is providing Lending Club with better targeted data to close more loans. They probably are, although I probably shouldn’t be on this list. I have seen the fake check [...]

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The Economics of Lending: Money vs. Goods and Services

May 21, 2013
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money exchange

If I were to offer you the choice between a free DVD with a retail value of $20 or a free $20 bill, which one would you take? Unless the DVD was something you were going to buy anyway or unless it was a rare item that is hard to find, you’d probably accept the [...]

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Merchant Cash Advance Industry is Busy at Work

May 16, 2013
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hard work

After what was one of the wildest two weeks in Merchant (MCA) history, the game-changing news finally subsided, but no one is taking a deep breath. Instead, everyone is busy working their butts off trying to help small businesses grow. UPDATE 5/16: RapidAdvance has acquired the operating assets of ProMAC. First Instance of consolidation that [...]

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