SolidCAD

Small Business Advice

IOU Financial Inc. | August 05, 2021

IOU FINANCIAL INC., a leading online lender to small businesses (IOUFinancial.com), announced today the launch of the IOU Cash Back Loan, a unique term loan product for small businesses that encourages and rewards perfect payment histories with a cash reward of 3% of the original loan amount. "The IOU Cash Back Loan gives us the opportunity to give something back to new clients that put their faith in us to fund their growth plans," said Robert Gloer, CEO. Today's ne...

Technology

Businesswire | July 14, 2023

Sendle, the most affordable delivery service built for small business, has beefed up its portfolio of shipping services designed to help small businesses succeed with the launch of Sendle Three-Day Guaranteed. This new, expedited shipping service offers small businesses a reliable, cheaper option to United Parcel Service (UPS) for fast, national package delivery. Proving that affordable shipping does not have to be slow, small businesses throughout the U.S. can now take advantage of Sendle...

Finance

KBRA | September 07, 2022

KBRA releases research on the small business loan asset-backed security (ABS) sector, with a special focus on online small business loan ABS, which KBRA defines as deals where the collateral pool consists of assets with an initial receivable balance of $1 million or less. Small businesses saw their revenues drastically curtailed or even ceased permanently due to the COVID-19 pandemic. To alleviate some of the fallout, the U.S. government provided stimulus money through Paycheck Protection Progra...

Finitive | September 15, 2020

Finitive, a private credit platform providing institutional investors with direct access to alternative lending investments, today announced that it has facilitated a credit facility for a specialty finance company that buys distressed small business loans and merchant cash advance (MCA) portfolios. The specialty finance company will use the credit facility to purchase distressed and non-performing portfolios from non-bank MCA lenders, and also from investors and warehouse lenders to MCA lenders...