article thumbnail

Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

This belief is based on “the Company’s operating plan, that current working capital and expected continued inventory and capital expenditure financing is sufficient to fund operations and satisfy the Company’s obligations.”. Ontario (L.A.), Oklahoma City, and Memphis. It is only part of a stepped-up marketing effort.

Company 130
article thumbnail

Community banks most likely to approve small business loans

Abrigo

The 2014 Small Business Credit Survey was a joint operation conducted by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia. Firms seeking credit had varying purposes for doing so, but among the most popular were expanding their business, funding day-to-day operations and replacing capital assets.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

SMEs Severely Dissatisfied With eLending Experience – Fed

PYMNTS

But Federal Reserve Bank of Cleveland senior policy analyst Ann Marie Wiersch told Forbes in an interview that bank lending to small businesses is still struggling. According to the Fed, 80 percent of SMEs that sought funding in 2015 received it, a 15 percent increase from 2014 levels.

Cleveland 100
article thumbnail

Retail Pulse: FAO Schwarz To Open New Flagship; Amazon Expands Grocery Delivery

PYMNTS

And Starbucks has a new investor : Pershing Square Capital Management, the activist hedge fund controlled by activist investor William Ackman, now has about a 1.1 Sources have also said that Lampert has asked AlixPartners, Lazard and lawyers at Weil, Gotshal & Manges LLP for advice. percent stake in Starbucks.

Retail 116
article thumbnail

ORACLE: Swinging the Bat in Cloud Services

Celent Banking

" For the largest banks like Capital One that have significant IT development capabilities in-house and with the willingness to experiment with new technologies, AWS makes a lot of sense. Most banks, however, are not Capital One. " and have moved onto the more interesting question " How cloud? "

Chicago 100
article thumbnail

Beyond Amazon Go: The Technologies And Players Shaping Cashier-Less Retail

CB Insights

Clients can view the full list of 150+ cashier-free retail operators here. Some historians date its existence to over 2,000 years ago: texts from ancient Greece describe a coin-operated machine for dispensing holy water in temples. Today, Amazon operates four Amazon Go stores: 3 in Seattle and 1 in Chicago. Companies to watch.

Retail 71
article thumbnail

This Week In Insurance Tech: Gojek Rolls Out Online Insurance, Blockchain-Enabled Insurance Tests, AXA Partners with ClassPass

CB Insights

Goodcover , a San Francisco-based insurtech, raised a $2M seed round led by Fuel Capital. Proformex , a Cleveland-based life insurance policy management platform, raised $500K from undisclosed investors as indicated in its Form D filing. The company has raised $7M in total disclosed funding to date. AXA simplifies geographic footprint.