Tagged: brendan ross

ICYMI: Direct Lending Investments Settles with the SEC

Last week in the blitz towards the Labor Day holiday weekend, the Securities and Exchange Commission (SEC) filed an administrative proceeding pertaining to Direct Lending Investments (DLI) and an enforcement action that alleged securities fraud. In mid-2019, the SEC filed charges against DLI and its… Read More

SEC Files Civil Enforcement Action Against Brendan Ross, Former Direct Lending Investments CEO, Criminal Charges Filed by DOJ

Brendan Ross, the former CEO and founder of Direct Lending Investments (DLI), is the target of a Civil Enforcement Action filed by the Securities and Exchange Commission (SEC) last week. Direct Lending Investments was once a prominent participant in the online lending industry in the… Read More

Chatter: LendingUSA is Letting Go Staff

Online lender LendingUSA is showing some of their employees the door. Crowdfund Insider recently received a tip from someone with knowledge of the firings. LendingUSA is a Fintech lender that provides loans to small businesses ranging from $1000 to $35,000. Founded in 2015, LendingUSA specializes… Read More

SEC Charges Direct Lending Investments with Multi Year Fraud

The Securities and Exchange Commission (SEC) has charged Direct Lending Investments (DLI), LLC with “a multi-year fraud.” According to the SEC, the ongoing fraud resulted in approximately $11 million in “over-charges of management and performance fees to its private funds, as well as the inflation… Read More

Direct Lending Investments Celebrates Three Year Anniversary

Direct Lending Investments LLC, a marketplace lending and private investment firm that makes short-term, small business loans available in fund form to accredited investors looking for high income and growth without interest rate risk, announced on Wednesday it has surpassed $350 million dollars in assets… Read More

Direct Lending Investments Appoints Bryce Mason As New Chief Investment Officer

Direct Lending Investments LLC, a marketplace lending and investment firm, today announced that Bryce Mason will join the company as Chief Investment Officer. Direct Lending Investments is a marketplace lending and private investment firm that makes short-term, high-yield small business loans available in fund form to… Read More

Peer-to-Peer Marketplace StreetShares Captures $200M For Veteran-Owned Small Businesses

StreetShares, the peer-to-peer (P2P) lending marketplace for small business loans, today announced commitments from Direct Lending Investments, Community Investment Management (CIM) and Eagle Bank Corp for more than $200 million in funding to back loans on the StreetShares marketplace, with a focus on funding veteran-owned small businesses. Direct Lending Investments, a business… Read More

Lending Club IPO: A Watershed Moment for Peer to Peer Lending

  As far as the peer-to-peer or marketplace lending industry is concerned, 2014 ended with a bang and not a whimper as Lending Club, the leading online lender, completed its initial public offering. On December 10, 2014 the Lending Club offering went effective, and ultimately… Read More

Biz2Credit Receives $250 Million Commitment from Direct Lending Investments to Purchase Loans

Direct Lending Investments has announced that it will invest $250 million over the next three years into Biz2Credit’s expanding direct lending platform for small business owners.  The move is a continuation of Direct Lending Investments to capitalize on the expanding marketplace of alternative lending and investments platforms.  Biz2Credit network consists… Read More

American Banker & Lending Club IPO Signal Peer to Peer Coming of Age

Last week’s American Banker P2P Lending and Investing Conference held in New York City (October 6-7) attracted over 375 bankers, investors, platforms and service providers. The sheer fact that a storied institution founded in 1863 and dedicated to the traditional banking industry facilitated such a… Read More

Direct Lending Investments Commits $73 Million to Fund Loans via Realty Mogul

Real Estate Crowdfunding Platform Realty Mogul Receives Whopping $73 Million Commitment from Institutional Investor. Direct Lending Investments, described as the general partner of oldest and largest short term, high yield, small business loans fund has formed a new partnership with Really Mogul, a real estate… Read More

Direct Lending Investments Partners with Dealstruck

Dealstruck Selected by Peer-to-Peer Loan Fund Direct Lending Investments for Investment in Small Business Loans.  Direct Lending Investments, the general partner of a peer-to-peer (P2P) fund with a diversified pool of high-yielding, short-term small business notes, today announced a partnership agreement with Dealstruck, an online… Read More

Coastal Shows Announces Crowdfund Global Expo Agenda Featuring Industry Heavy Hitters

Crowdfund Global Expo Features Leading Experts in Debt, Equity and Real Estate Crowdfinance for In-depth Education on the Opportunities and Risks of New Financial Regulations Coastal Shows, the organizer for the Crowdfund Global Expo, taking place at the San Diego Convention Center January 30-31, 2014, has… Read More

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