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Are underwriting algorithms limited? Crossing the $1B mark in small business loans from OnDeck to #smallbiz around the country!

Fast growing merchant cash advance provider Yellowstone Capital's Managing Partner Isaac Stern said, “A computer-generated algorithm is no substitute for human analysis when brokering big loans. There are companies making decisions about merchants without ever speaking to them. You cut out a lot of important information.” Business lending requires an entirely different skill set when it comes to measuring risk.

YSC, the leading merchant cash advance company in the industry, has set industry standards in providing creative financing solutions for small to mid-sized business. YSC remains the innovative leader of the cash advance industry that provides unlimited business funds.

 

Yellowstone Capital has teamed up with Mega Fund Direct LLC (MFD) and GBR Funding to complete Fund a Record $750,000 Small Business Term Loan With a 15 Month Term

OnDeck Launches An Industry First: OnDeck Term 24, A New Loan Product Offering Amounts Up To $250,000, Longer Terms, Lower APR & Funding In 24 Hours

OnDeck, the technology-powered Main Street lender, unveiled today its new loan product called OnDeck Term 24 to better serve the increasing needs of established small businesses nationwide. This new term loan is the first-of-its-kind on the market. Qualified businesses can quickly and seamlessly get approved for larger loans with 24-month terms and pricing that is competitive with traditional lenders.

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