NEW YORK, June 6, 2016 /PRNewswire/ — OnDeck® (ONDK), the leader in online lending for small business, announced today that Daniel S. Henson was elected to its Board of Directors effective June 2, 2016. Mr. Henson brings nearly 30 years of experience from General Electric Company (GE), where he held a variety of senior positions […]
Market Update There is no doubt that the on-line small business loan marketplace has achieved impressive growth and significant staying power in 2015. There has been much written about the $100 billion+ potential market opportunity born of the banking industry’s multi-year freeze out of the small business borrower. What is noteworthy in the following numbers […]
FT. LAUDERDALE, FL–(Marketwired – May 31, 2016) – BusinessCash announces an expansion of their merchant cash advance or ACH loans consolidation program. The online small business loan market has been experiencing turmoil with CEO of LendingClub resigning over faulty loans and publicly traded stocks of many online lenders tumbling over 70% from their IPO pricing. […]
Even as the economy shows signs of recovery, it is no secret that one of the greatest challenges for small business continues to be securing growth capital. America’s 28 million small businesses are critical to the economy and are responsible for over half of all private sector jobs. In fact, small business has been responsible […]
OnDeck, Kabbage and CAN Capital join forces to advance best practices and development of a new model disclosure to empower small businesses when assessing and comparing loan options. WASHINGTON, May 5, 2016 /PRNewswire/ — The nation’s three largest online small business lending platforms – OnDeck® (NYSE: ONDK), Kabbage, and CAN Capital – today announced the […]
NEW YORK, NY, April 6, 2016 – CAN Capital, Inc., market share leader in the alternative small business finance space, today announced that it has reached the milestone of providing small businesses with access to more than $6 billion of working capital, helping over 70,000 small business owners buy equipment, purchase inventory, hire seasonal help […]