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The Daily Line.

Five minutes, every weekday at 6:30am ET. The deals, program changes and stories that moved alternative finance overnight, written by people who work the phones.

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Today's issue

The Daily Line6:30 AM

daily@moneyline.com

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

GCGreenline CapitalBack on 2nd position for restaurants▲
PCPearl Capital GroupPauses trucking under 2 years TIB▼
EBEverest 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