Boris Kalendarev

Specialty Capital News and Views: Feb 1, 2024

We trust everyone welcomed 2024 with enthusiasm! The positive feedback on our rebrand is heartening – please continue to share your thoughts! Our commitment to refining our processes, from submission to pricing and final underwriting, remains unwavering. The primary objective is to ensure a seamless experience for both our small business customers and referral partnerships. …

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Specialty Capital News and Views Oct 2023

In today’s write up, we wanted to highlight Nerdwallet’s earnings call and release last week. As our readers know, Nerdwallet acquired Fundera in October of 2020. Fundera is one of the largest and comprehensive market places for the small to medium sized businesses in the country. Nerdwallet announced topline revenue of $153mm, up 7% YoY. More …

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Specialty Capital News and Views: Employment Situation Nov 2023

Today we saw the release of the monthly Non-Farm Payrolls report. Payroll numbers came in at 199k, above estimates of 180k (though revised numbers for September and October show a drop of 35k). The biggest detail market pundits are looking at is the Unemployment rate which dropped 0.2% to 3.7%. Rates sold off on this news. This is one …

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Specialty Capital News and Views: FOMC Meets for Monetary Policy Meeting

This week we had the FOMC members meet for the monetary policy meeting. As expected, the FED held rates steady while signaling one more hike towards year end. The bigger surprise in the meeting was the adjustment to the “dot plot” see below on the anticipated rate cuts moving forward. For 2024, the forecast is for 5.1% …

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