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Shane Mahabir, MBA shared thisImpressive journeyShane Mahabir, MBA shared thisLovey’s transition from broker to lender culminates in a £250M (~$335M) facility, a noteworthy development for brokers who want to follow a similar path. This piece examines the path, the funding structure and why brokers continue to run referral businesses alongside lending. Read more: https://wix.to/j5CX4iO #Fintech #BusinessLending #Syndication #AlternativeFinance #BrokersBusiness Loan Broker To Lender: Lovey Secures Up to £250 Million, About $335 MillionBusiness Loan Broker To Lender: Lovey Secures Up to £250 Million, About $335 Million
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Shane Mahabir, MBA reposted thisShane Mahabir, MBA reposted thisCome join our growing sales team here at Getty! Reach out to our hiring team today to set up an interview, or apply for the position on our career page! Getty Advance #funding #gettyadvance *Sponsored post
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Shane Mahabir, MBA shared thisLooking forward!Shane Mahabir, MBA shared thisA new look for Funder Intel is coming Monday, November 2. We’ve been updating more than the design: a new newsroom, expanded directories, and more ways to find partners, build brand awareness, and grow your business. The goal is simple: make Funder Intel more useful for the people working in business lending every day. Swipe through for a preview. More to share Monday.
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Shane Mahabir, MBA reposted thisShane Mahabir, MBA reposted thisKimberly Owen’s sentencing has been postponed. Details click below https://lnkd.in/ejdNZvPd
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Shane Mahabir, MBA posted thisI came across Teya and finmid’s embedded lending partnership, and the mention of a Net Promoter Score caught my eye. The companies report that more than 500 Teya merchants have received financing, with the product recording an NPS of 86. The partnership offers merchant cash advances in Croatia and Hungary, with an early-stage pilot in Portugal. It addresses familiar challenges: limited credit histories, insufficient collateral and bank processes that don’t always fit small-business needs. Another example of MCA and revenue-based financing finding a place in markets well beyond the U.S. But the customer-feedback piece deserves more attention. I wrote about NPS on Funder Intel in March 2023 because I believe more funders, brokers, and software providers should use it and publicize it. It measures customers’ willingness to recommend a business, using the percentage of promoters minus detractors. It isn’t a star rating or a renewal rate. An 86 is worth noticing, but context matters. The announcement doesn’t disclose how many customers answered the survey or how they were selected. My takeaway: measure the customer experience consistently, use the feedback to improve, and share strong results with enough context to make them credible. We hear plenty about faster approvals and easier access to capital. I’d like to hear more about whether customers would actually recommend the experience. Are you measuring that in your business?
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Shane Mahabir, MBA reposted thisShane Mahabir, MBA reposted thisThe first federal estimate was off by a factor of five. When the FBI arrested Richard Teplitsky in May, the complaint described more than 100 victims and losses above $10 million. By the guilty plea on October 23, it was approximately 200 investors and $54,406,742. A scheme that produced authentic-looking paperwork for three decades doesn’t give up its real size on the first pass. Every one of those ~1,800 files had to be tested against a borrower who may or may not have existed. Roughly 1,800 loans across about 200 investors is nine positions each, and the loss averages around $272,000 per person. These weren’t institutions with workout departments. They were individuals who believed they held a diversified book of small equipment deals. When one of them finally wrote to the companies named on his paperwork, the few who answered gave three different versions of the same answer: no loan with Woodhill, wrong amount, or that isn’t my signature. Sentencing hasn’t been scheduled. Teplitsky is out on home confinement. Mail fraud carries up to 20 years. https://lnkd.in/ePc3C7f3The Equipment-Loan Paperwork Behind a Ponzi SchemeThe Equipment-Loan Paperwork Behind a Ponzi Scheme
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Shane Mahabir, MBA shared thisAnd she’s still employed by the city… https://lnkd.in/eYVwrTHrFrom SBA "Business Person of the Year" to Federal Fraud IndictmentFrom SBA "Business Person of the Year" to Federal Fraud Indictment
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Shane Mahabir, MBA reposted thisShane Mahabir, MBA reposted thisKara DiPietro, previously an SBA award recipient and a witness in the Par Funding investigation, now faces six counts of bank fraud related to over $2.5M in PPP loans. This case underscores heightened regulatory scrutiny and the potential reputational risks for lenders and borrowers alike. Read the full analysis: https://wix.to/m9ydTNfSBA Award Winner, Par Funding Witness, Now a PPP Fraud DefendantSBA Award Winner, Par Funding Witness, Now a PPP Fraud Defendant
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Shane Mahabir, MBA reposted thisShane Mahabir, MBA reposted thisThe Revenue Based Finance Coalition dropped some major news yesterday-let’s talk about it! Discussions are in progress about bringing a bill at the federal level for commercial finance legislation. A new federal law would be a landmark moment for commercial finance including revenue based finance, MCA, sales based financing, factoring, equipment finance, short-term loans, lines of credit and other alternative to bank options. This development has been years in the making we believe because of the state by state law, making process that has been ongoing, but is unsustainable in volume because of compliance problems. If you are in the space and have been affected by the laws that have been passed so far or if you have any comments generally about commercial finance policy, feel free to chime in.
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Shane Mahabir, MBA liked thisShane Mahabir, MBA liked thisLovey’s transition from broker to lender culminates in a £250M (~$335M) facility, a noteworthy development for brokers who want to follow a similar path. This piece examines the path, the funding structure and why brokers continue to run referral businesses alongside lending. Read more: https://wix.to/j5CX4iO #Fintech #BusinessLending #Syndication #AlternativeFinance #BrokersBusiness Loan Broker To Lender: Lovey Secures Up to £250 Million, About $335 MillionBusiness Loan Broker To Lender: Lovey Secures Up to £250 Million, About $335 Million
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Shane Mahabir, MBA liked thisShane Mahabir, MBA liked thisThe Federal Reserve paused rate moves right before the midterms, a welcome sign of stability, but not a guaranteed path to cheaper business financing. Read the full analysis: https://wix.to/FMcJvbi #BusinessLending #FedPolicy #CorporateFinanceFed Holds Rates Before Midterms: Business Lending ImpactFed Holds Rates Before Midterms: Business Lending Impact
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Shane Mahabir, MBA liked thisShane Mahabir, MBA liked thisA huge shout out to CFG Merchant Solutions for funding $750,000! No hitting a gong, no over the top video celebration, just back to the grind for the next one… #RevenueBasedFunding
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Shane Mahabir, MBA liked thisShane Mahabir, MBA liked thisCome join our growing sales team here at Getty! Reach out to our hiring team today to set up an interview, or apply for the position on our career page! Getty Advance #funding #gettyadvance *Sponsored post
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Shane Mahabir, MBA liked thisShane Mahabir, MBA liked thisWe're building Bizcap into a much bigger global business, and this is a significant step forward. Bizcap has secured a US$175 million institutional credit facility to support our next phase of expansion across North America. Since launching in 2019, we've provided more than $5 billion in funding to over 100,000 businesses worldwide. We've built that business by moving quickly, assessing opportunities with an open mind, and making practical funding decisions grounded in commercial realities. The opportunity ahead of us is substantial, and we're investing in the capital, technology, people, and infrastructure to capture it. This facility gives us greater capacity to grow across the US and Canada, expand our reach, and deliver more funding to businesses that need a flexible, commercially minded partner. We've built a strong global business with a clear strategy for where we're going. Now we're focused on turning that opportunity into our next phase of growth. Proud of what our team has achieved, and confident in what we'll deliver next. Full announcement here: https://lnkd.in/g3kb2p9s #Bizcap #businessfunding #financebrokers #fastfunding
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Corner Lot
The way Jacksonville lives and works is evolving — and so is the way we build. In our latest conversation, Chris Anthony, Director of Development at Corner Lot, shares insights on the future of multifamily housing — from remote work considerations and shifting amenity priorities to the impact of Florida’s Live Local program. As workforce expectations change, thoughtful design, flexibility, and community matter more than ever. Watch the full interview to hear how we are building communities that support the people who power Jacksonville forward.
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John Diaz Group- KW Reserve Business Brokerage
The day after closing, the seller still shows up. Most South Florida business sales include a written transition period: the seller stays on for a few weeks and trains the new owner. Buyers expect it, and SBA lenders look for it before they fund. A good transition covers: • Introductions to key customers, vendors and the landlord • How the day-to-day really runs: scheduling, ordering, pricing, the software • Clean hand-off of licenses, accounts and passwords • Staff introductions, planned so the team hears it the right way Sellers: the less the business depends on you, the shorter the transition and the easier the deal is to finance. Start documenting now. Buyers: get the training period in the purchase agreement in writing, with hours and weeks, not just "reasonable assistance." Thinking about an exit in the next year or two? Let's talk, confidentially. John Diaz - KW Business Sales / South Florida Business Sales (844) 456-4647 - SoFlaBusinessSales.com #BusinessBroker #SellMyBusiness #SouthFloridaBusiness #BusinessForSale
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The Manufactured Housing & RV Group
Yesterday, Michael Nissley spoke on a Florida Manufactured Housing Association panel to kick off the conference in beautiful St. Petersburg, FL. It's always a valuable industry gathering, providing an opportunity to connect with industry peers, share insights, and discuss the issues impacting manufactured housing across Florida and beyond. Florida Manufactured Housing Association 👏 Watch a brief excerpt from the conversation...🎤 Stay tuned for more recaps from the convention! #colliers #mhrvgroup #fmha #manufacturedhousing #panel
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