Agradi

wisdo.com | April 20, 2020

The burger chain Shake Shack says it has obtained new funding and will return a small-business loan it got to help weather the coronavirus crisis.Shake Shack has laid off or furloughed hundreds of its employees and needed the assistance, its CEO Randy Garutti and its founder Danny Meyer said in a statement seen Monday. But the company was able to get extra funding late last week through an “equity transaction” and decided to “immediately return” the $10 million paycheck p...

FINANCE

DigniFi | May 13, 2022

DigniFi, an inclusive financing platform whose credit branded products are issued by WebBank, announced that Pagaya has joined the platform as a credit analysis partner. By supplementing the standard underwriting for DigniFi-branded loans with Pagaya’s unique credit analysis model, Pagaya supports DigniFi’s efforts to fund up to $80 billion worth of repairs that might otherwise be deferred and supports up to 80 million hard-working people with inadequate access to the financial resou...

SMALL BUSINESS TRENDS

NS1 | September 13, 2021

NS1, the leader in application traffic intelligence and automation, released Managed DNS for Small Business, a free, customized version of its modern Managed DNS solution. Built on NS1’s years of experience in delivering globally distributed DNS networks for enterprises, the new offering allows small businesses to deliver reliable digital connections for their operations and customer experiences. Although small businesses often lack enterprise technology budgets and talents, their c...

BUSINESS STRATEGY

Ready Capital & LenderAI | May 10, 2022

Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") announced another Company record for small loan closings (loans from $10,000 to $350,000) funding over fifty-five (55) SBA 7(a) small loans in April. The Company attributes this success and continuous growth to using a technology platform called LenderAI by iBusiness Funding LLC ("iBusiness Funding"), which is now available to all lenders. "LenderAI has en...