LendingClub and Funding Circle team up, American Receivable talks factoring’s reputation and Lawmakers rethink Chapter 11
 

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

April 242019

       BUSINESS TO BUSINESS EDITION

Blockchain Tracker

Blockchain Steers Toward Auto Supply Chain Transparency

Volkswagen is leveraging the blockchain to track battery supply chains. Elsewhere, China brings blockchain to notary services, and JPMorgan boosts its efforts to bring greater transparency to cross-border payments.

 

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SMB Finance

Easing Chapter 11 Pain For Small Businesses

Legislation aimed at making bankruptcy more affordable for small business (SMB) owners was reintroduced to Congress this month. With half of SMBs failing within five years, and most small firms anticipating a recession ahead, experts say addressing Chapter 11 pain points is an important step in supporting the small business community.

 

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SMB Finance

Factoring Finds A New Face As The Bridge To Bank Loans

Factoring hasn't always had the best reputation among small businesses struggling with longer payment terms. While the industry has its bad actors, American Receivable President Jack Stieber says receivables financing — when used properly — can bolster a young business when other avenues to capital are closed off. The key, he tells PYMNTS, is to approach factoring as a bridge to self-funding or bank loans.

 

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