ApplePie Capital is the marketplace lending leader in franchise business loans; in their featured blog post, CEO Denise Thomas discusses the investment opportunity that the firm's platform presents and ApplePie Capital's business model; cites five reasons for investing in franchise debt including the stable, high single-digit to low double-digit returns with lower risk than many of the market's competing fixed income products. Sponsored Blog Post
Online franchise business lender ApplePie Capital has announced the acquisition of Funding Solutions, LLC and the appointment of Ronald Feldman as chief development officer; Funding Solutions is a six-person franchise loan consulting firm based in Michigan and will help business and product development for the firm; supporting ApplePie Capital's brand portfolio and product strategy, Ronald Feldman will also bring significant franchise market experience from roles at FranData, Franchise America Finance and The Siegel Financial Group. Source
More than any other vertical, the business lending space has gone through a transformation these past couple of years. And...
Banks have previously been known for their slow service in providing small business loans however the success of small business online lenders is helping to increase their interest and banking models; with banks expected to begin broadening personal and business lending in the current environment, small businesses appear to provide the best market opportunity; American Banker details some specific areas where banks can upgrade their technology for better competitive positioning in the small business lending market including: online applications, electronic documentation, increased online disclosure and optimized lending processes based on targeted borrowers. Source
Brock Blake from Lendio discusses his insights from LendIt USA 2017; Blake was a moderator for the panel, "How Banks are Coming Back to SME Lending"; from his perspective he believes banks are proactively innovating to develop better online lending solutions for their business customers; this was evident in comments from panelists at JPMorgan Chase and Bank of America who provided examples on how the banks are innovating after a slower adoption phase that included a competitive market analysis. Source
The National Federation of Independent Business (NFIB) has released data for its February Small Business Optimism Index; the Index shows a decrease to 105.3 from 105.9; the NFIB says that the reading is still one of the highest in 43 years; the lower report for February is primarily due to uncertainty around President Trump's deregulation plans, new healthcare law and tax reform. Source
Small business lender Kabbage has announced a new milestone with total lending originations of over $3 billion; firm has provided loans for over 100,000 small businesses; helping to reach the new high, the firm provided 20,000 loans in March and reports $1 billion in funding serviced in less than a year. Source
After several years of tightening credit requirements for business loans over the last couple of years more banks have been...
Since launching in 2007, OnDeck has provided over $7 billion in capital to more than 70,000 customers in 700 different industries across the United States, Canada and Australia; creating a new type of commercial loan product for small businesses has been the company's focus since the beginning; its loans support small business activity in the regions it lends and its partnership with JPMorgan is an industry leading example of collaboration between fintechs and banks. Source