Global Topics, North America, Business lending, SMEs Brendan le Grange Global Topics, North America, Business lending, SMEs Brendan le Grange

Fueling your business with other people’s money, with Jonathan Fodera

And there were two things I didn't like. The first was I was never in control. So a lot of times I got incentivized with equity and when it came time to pay out, that equity never happened.

Then second - and more to what really bothered me - was there was a lot of times that clients were too qualified, or it wasn't the right programme for what these companies offer. So when this happens, clients need other programmes. And these big FinTech companies don't have them, most of the banks don't have them - like, if you walk into Chase and ask them for invoice factoring, or ask them for equipment financing, or something very specific that your business actually needs, that's the right programme, they don't have it. They don't know it.

Small businesses are the lifeblood of this country, most people are employed by a small business, and we still produce most of the country's GDP. And it feels like the last three years small businesses been under attack. Without small business, a lot of the opportunity that we have in this country is gone. And that's why I put this stuff together. That's why I care so much.

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