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The Daily Line6:30 AM
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Funders loosen up on trucking. California's APR rule gets a date.
Plus: the appetite index hits a 12-week high, and a Brooklyn deal nobody could place…
Thursday · Issue 214
The Daily Line
Five minutes on what moved alternative finance overnight
Good morning
Three things before your first call: trucking appetite is back, California finally set a date for APR disclosure, and one funder is paying renewals like new deals.
The number
77.0
Funder appetite index · +5.5%
The lead
QuickFund goes same-day to $150K and reopens construction
Files in by 11am ET fund the same day. Renewals pay 12 points through Q4, the richest renewal comp we've tracked this year. Brokers in #funder-updates say turn times are holding.
Funders moving
Greenline CapitalBack on 2nd position for restaurants▲
Pearl Capital GroupPauses trucking under 2 years TIB▼
Everest Business FundingLaunches a healthcare MCA program▲
From the floor
“The stacking problem is a broker comp problem. If renewals paid like new deals, half of this goes away.
Mike Torino, Rapid Capital · 47 replies in #mca-rbf