Alternative Financing

Explore cutting-edge insights in Alternative Business Finance

Market Dynamics & Strategy

Banks Loosened Business Credit Past Its Historical Midpoint, Citing Nonbank Competition

Aug 6, 2026

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11 min read

Banks Loosened Business Credit Past Its Historical Midpoint, Citing Nonbank Competition

The Fed's July survey, released August 3, puts every other loan category at the tight end of its range since 2005, including the credit banks extend to nonbank lenders.

Jordan Hansen

Alternative Financing

Sallie Mae Targets $5 Billion a Year as Washington Exits Graduate Lending

Aug 4, 2026

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10 min read

Sallie Mae Targets $5 Billion a Year as Washington Exits Graduate Lending

The Ninth Circuit locked in $23 billion of borrower-defense relief the same month Grad PLUS ended. A roughly $15 billion a year federal market now belongs to private and state lenders, on private terms.

Jordan Hansen

Market Dynamics & Strategy

Open Lending's Only Bidder Cut Its Offer From $3.50 to $3.15

Aug 1, 2026

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9 min read

Open Lending's Only Bidder Cut Its Offer From $3.50 to $3.15

Eight buyers were contacted and one bid. While the two sides negotiated, certified loan volume kept falling, and the offer followed it down.

Jordan Hansen

Alternative Financing

Fortress Will Buy $1.5B of Merchant Advances

Jul 30, 2026

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8 min read

Fortress Will Buy $1.5B of Merchant Advances

A three-year forward flow for 5-to-10% fixed-fee paper, terms undisclosed

Jordan Hansen

Regulatory Technology [RegTech]

SBA Pushes $10M Loans as Defaults Hit a 12-Year High

Jul 28, 2026

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9 min read

SBA Pushes $10M Loans as Defaults Hit a 12-Year High

One borrower can now stack $5M of 7(a) on $5M of 504. The taxpayer guarantee cap never moved

Jordan Hansen

Regulatory Technology [RegTech]

Credit Washers Erased $10B. Their Files Score Prime

Jul 25, 2026

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8 min read

Credit Washers Erased $10B. Their Files Score Prime

Suppressed charge-offs default at 12x the clean-file rate; auto fraud losses tripled to $323M

Jordan Hansen

Regulatory Technology [RegTech]

Car-Mart Collected $730M and Still Ran Out of Cash

Jul 23, 2026

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8 min read

Car-Mart Collected $730M and Still Ran Out of Cash

The waterfall kept the cash. 60 of 154 lots closed, then came the going-concern warning

Jordan Hansen

Regulatory Technology [RegTech]

State AGs Move to Block OnDeck, Bitty Bank Deals

Jul 21, 2026

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11 min read

State AGs Move to Block OnDeck, Bitty Bank Deals

Enova owns OnDeck; OppFi has 35% of Bitty, 2027 option

Jordan Hansen

Regulatory Technology [RegTech]

Third MCA Funder This Year Prints a Rated ABS

Jul 18, 2026

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8 min read

Third MCA Funder This Year Prints a Rated ABS

ByzFunder and Kapitus ran the same rated-ABS playbook

Jordan Hansen

Regulatory Technology [RegTech]

Judge Doubts Plain Green's 8% Fix for 697% Loans

Jul 16, 2026

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9 min read

Judge Doubts Plain Green's 8% Fix for 697% Loans

Collection, not the rate, decides mootness

Jordan Hansen

Regulatory Technology [RegTech]

OCC, FDIC Tell Lenders to Price Deportation Risk

Jul 14, 2026

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9 min read

OCC, FDIC Tell Lenders to Price Deportation Risk

ECOA reaches your MCA and factoring book too

Jordan Hansen

Regulatory Technology [RegTech]

New Model-Risk Guidance Skips Agentic AI

Jul 11, 2026

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10 min read

New Model-Risk Guidance Skips Agentic AI

FREE SOS Agentic AI Access for Business Verification

Jordan Hansen

Alternative Financing

$321M AAA Deal Prices on FICO 9, Not Classic

Jul 9, 2026

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8 min read

$321M AAA Deal Prices on FICO 9, Not Classic

Warehouse eligibility criteria still assume classic FICO

Jordan Hansen

Regulatory Technology [RegTech]

Klarna Joins Affirm, OneMain in FDIC Charter Queue

Jul 7, 2026

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7 min read

Klarna Joins Affirm, OneMain in FDIC Charter Queue

Rival funds cheaper; that spread is his ad budget

Jordan Hansen

Market Dynamics & Strategy

Goldman Pays All Exits as Rivals Gate at 5%

Jul 4, 2026

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7 min read

Goldman Pays All Exits as Rivals Gate at 5%

Blue Owl tech fund exit calls hit 38% of shares

Jordan Hansen

Alternative Financing

Spurstone Credit Targets $100M-$1B Borrowers

Jul 2, 2026

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6 min read

Spurstone Credit Targets $100M-$1B Borrowers

Texas Capital Tie-Up Targets Non-Sponsor Credit

Jordan Hansen

Regulatory Technology [RegTech]

LendingClub Is Now Happen Bank, Funded by Deposits

Jun 30, 2026

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10 min read

LendingClub Is Now Happen Bank, Funded by Deposits

Lenders rarely die of credit. They die of funding.

Jordan Hansen

Alternative Financing

Goldman Funds AI That Clears 5x More SMB Loans

Jun 27, 2026

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9 min read

Goldman Funds AI That Clears 5x More SMB Loans

Your turnaround gap with banks is narrowing.

Jordan Hansen

Alternative Financing

Blackstone-Backed Insurer Buys Open Lending for $372M

Jun 18, 2026

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9 min read

Blackstone-Backed Insurer Buys Open Lending for $372M

Your credit-insurance backstop may now be your rival

Jordan Hansen

Market Dynamics & Strategy

United Exits Navitas After 10% Book Drives Half Losses

Jun 13, 2026

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6 min read

United Exits Navitas After 10% Book Drives Half Losses

Wafra Is Buying the Risk United No Longer Wants

Jordan Hansen

Alternative Financing

Raven, Hudson Cove Refinance $655M for Elevate

Jun 11, 2026

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9 min read

Raven, Hudson Cove Refinance $655M for Elevate

The book shrank from $1B; the buyer still re-upped.

Jordan Hansen

Regulatory Technology [RegTech]

FDIC Flips, Backs Lenders in Colorado Rate-Cap Case

Jun 9, 2026

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9 min read

FDIC Flips, Backs Lenders in Colorado Rate-Cap Case

The full court already reinstated the lenders' injunction

Jordan Hansen

Market Dynamics & Strategy

Blackstone, Cliffwater Cap Exits as Lending Falls 40%

Jun 6, 2026

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8 min read

Blackstone, Cliffwater Cap Exits as Lending Falls 40%

The first symptom is a reporting ask, not a repricing.

Jordan Hansen

Market Dynamics & Strategy

Deposit-Funded Fintechs Move to Undercut Alt Lenders

Jun 4, 2026

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9 min read

Deposit-Funded Fintechs Move to Undercut Alt Lenders

LendingClub funds $10.2B in deposits at 6.28% margin

Jordan Hansen

Alternative Financing

Axiom Tests Bank Speed In SMB Credit Fight

Jun 2, 2026

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7 min read

Axiom Tests Bank Speed In SMB Credit Fight

Bank Intake Is Coming For Cleaner SMB Files

Jordan Hansen

Alternative Financing

Banks Loosened Business Credit Past Its Historical Midpoint, Citing Nonbank Competition

Sallie Mae Targets $5 Billion a Year as Washington Exits Graduate Lending

Open Lending's Only Bidder Cut Its Offer From $3.50 to $3.15

Fortress Will Buy $1.5B of Merchant Advances

SBA Pushes $10M Loans as Defaults Hit a 12-Year High

Credit Washers Erased $10B. Their Files Score Prime

Car-Mart Collected $730M and Still Ran Out of Cash

State AGs Move to Block OnDeck, Bitty Bank Deals

Third MCA Funder This Year Prints a Rated ABS

Judge Doubts Plain Green's 8% Fix for 697% Loans

OCC, FDIC Tell Lenders to Price Deportation Risk

New Model-Risk Guidance Skips Agentic AI

$321M AAA Deal Prices on FICO 9, Not Classic

Klarna Joins Affirm, OneMain in FDIC Charter Queue

Goldman Pays All Exits as Rivals Gate at 5%

Spurstone Credit Targets $100M-$1B Borrowers

LendingClub Is Now Happen Bank, Funded by Deposits

Goldman Funds AI That Clears 5x More SMB Loans

Blackstone-Backed Insurer Buys Open Lending for $372M

United Exits Navitas After 10% Book Drives Half Losses

Raven, Hudson Cove Refinance $655M for Elevate

FDIC Flips, Backs Lenders in Colorado Rate-Cap Case

Blackstone, Cliffwater Cap Exits as Lending Falls 40%

Deposit-Funded Fintechs Move to Undercut Alt Lenders

Axiom Tests Bank Speed In SMB Credit Fight

Beyond Banks

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