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07-30-2018, 12:11 PM #1
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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
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Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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07-30-2018, 12:20 PM #2
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- May 2018
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Based on my conversations with certain insiders I believe it's across the board...
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07-30-2018, 01:19 PM #3Karen37aGuest
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07-30-2018, 01:31 PM #4
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07-30-2018, 01:32 PM #5Karen37aGuest
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07-30-2018, 01:40 PM #6
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- Dec 2016
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High risk paper
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07-30-2018, 01:42 PM #7Karen37aGuest
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
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07-30-2018, 01:45 PM #8
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- Feb 2018
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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
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07-30-2018, 01:46 PM #9Karen37aGuest
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07-30-2018, 01:48 PM #10
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- Apr 2018
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07-30-2018, 01:50 PM #11Karen37aGuest
Last edited by Karen37a; 07-30-2018 at 01:53 PM.
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07-30-2018, 02:17 PM #12
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- Dec 2013
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- 4,713
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
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07-30-2018, 04:23 PM #13
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- Apr 2018
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- 104
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