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  1. #1
    Senior Member Reputation points: 54975
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    Busnienss Backer Originations Down 23% YOY

    I need to correct to Business Backer Parent Company Origination Down 23%


    Enova’s Small Business Financing Originations Drop (Enova owns two small business financing subsidiaries, Headway Capital and The Business Backer).

    Enova CEO David Fisher revealed last week that their small business financing operations had declined. “Our small business financing portfolio represented 8% of our total loan book at the end of Q2,” Fisher said on the July 26th earnings call. “We are remaining cautious on this space as the market rationalizes. As a result, our loan portfolio contracted 10% year-over-year and originations were down 23% year-over-year.”


    Ive been wondering if this is because the tough competition within this space ? Would love to hear from others if the think its across the board with others in the A to Super B funding space ?
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  2. #2
    Based on my conversations with certain insiders I believe it's across the board...

  3. #3
    Karen37a
    Guest
    Quote Originally Posted by mcaguru View Post
    I need to correct to Business Backer Parent Company Origination Down 23%


    Enova’s Small Business Financing Originations Drop (Enova owns two small business financing subsidiaries, Headway Capital and The Business Backer).

    Enova CEO David Fisher revealed last week that their small business financing operations had declined. “Our small business financing portfolio represented 8% of our total loan book at the end of Q2,” Fisher said on the July 26th earnings call. “We are remaining cautious on this space as the market rationalizes. As a result, our loan portfolio contracted 10% year-over-year and originations were down 23% year-over-year.”


    Ive been wondering if this is because the tough competition within this space ? Would love to hear from others if the think its across the board with others in the A to Super B funding space ?
    I said the numbers were not where people thought they were. Not discussing why...

  4. #4
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    Quote Originally Posted by Karen37a View Post
    I said the numbers were not where people thought they were. Not discussing why...
    Go on...

  5. #5
    Karen37a
    Guest
    Quote Originally Posted by Nunya View Post
    Go on...
    every man for himself...i think a few want to speak as experts on this...ill just take notes

  6. #6
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    High risk paper

  7. #7
    Karen37a
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    Quote Originally Posted by MidnightAdvance View Post
    one down ...one more going...we are clear.....geezus....some people are going to laugh if another one goes



    1099

    https://www.youtube.com/watch?v=eclbaC3q94k

  8. #8
    Senior Member Reputation points: 86751
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    i will not post names but I will say, first position funder's are having some challenges right now on many front's. one area that we have audited that is being abused is renewals. The ISO agreements are being written by funders corporate attorneys to wiggle out of paying them. READ YOUR ISO AGREEMENTS, the ride is going to get bumpy

  9. #9
    Karen37a
    Guest
    Quote Originally Posted by fundingsmbs View Post
    i will not post names but I will say, first position funder's are having some challenges right now on many front's. one area that we have audited that is being abused is renewals. The ISO agreements are being written by funders corporate attorneys to wiggle out of paying them. READ YOUR ISO AGREEMENTS, the ride is going to get bumpy
    Not mine....I moved over to safty a year ago...yeahh b/C/d paper


    im not stupid...get the other guy out to teach you all ...karen has a dui blah blah


    you are not clear

  10. #10
    Quote Originally Posted by Karen37a View Post
    one more going
    who?

  11. #11
    Karen37a
    Guest
    Quote Originally Posted by StipMeBabyOneMoreTime View Post
    who?
    I cant that would be like shorting a stock causing a rumour and putting the final nail in a coffin...and if I was wrong or they survive..gl



    even though some didn't care about some of us

    some picked the wrong people to survive
    Last edited by Karen37a; 07-30-2018 at 01:53 PM.

  12. #12
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    Ive said a few weeks ago to stock up on popcorn and all i can say is if you ordered No need to return to the shop.
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  13. #13
    Quote Originally Posted by mcaguru View Post
    Ive said a few weeks ago to stock up on popcorn and all i can say is if you ordered No need to return to the shop.
    You suffering from broken clock confirmation?

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