[isaacdstern]

As banks turn a cold shoulder, small NYC firms look elsewhere to heat up their businesses


Read more: http://www.nydailynews.com/new-york/...icle-1.1505949

[Capital Stack]

Looks like On Deck has a player going after their end of the market.

"American Express recently entered the merchant cash advance biz. And U.K.-based peer-to-peer lending platform Funding Circle, which matches individuals and institutions with small business borrowers, just plowed into the U.S. market."


https://www.fundingcircle.com/us/loan_brokers

[MCNetwork]

Found out more about them. They offer a 36 month only loan product. 25K-500K. 14.99% APR Effective Rate (which includes the origination and service fee). All industries and even start ups will be considered. They pay 1% of net funded amount to brokers.