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CS Lend 4.0 Fuji Release Unveiled: Cloudsquare Launches AI-Driven Enhancements to Modernize Loan Management
LOS ANGELES, CA – May 20, 2025 – Cloudsquare, the leading Salesforce-powered lending platform, proudly announces the release of CS Lend Spring 2025—a major evolution in lending automation that equips brokers and lenders with powerful AI-driven tools to streamline operations, speed up decision-making, and scale with precision.
What’s New in CS Lend Spring 2025?
IntelliParse: AI-Powered Document Processing
Automate the parsing of ISO applications and bank statements. Extract borrower data directly from PDFs and sync structured records into Salesforce—faster, more accurately, and with no manual entry.
DataMerch Integration: Fraud Prevention Built In
Verify merchants instantly with native access to DataMerch inside CS Lend. Search, tag, and manage merchant risk without switching platforms.
Commission Module: Streamlined ISO Payouts
Set flexible commission rules, automate payouts, and generate ACH-ready files. Gain complete visibility into earnings and eliminate spreadsheet-based tracking.
File Management Enhancements
Classify, organize, and retrieve files with smart attribution and improved metadata. Spend less time searching and more time closing.
The Spring ’25 Release gives lenders the edge they need to succeed in today’s fast-paced MCA and lending markets. From reducing underwriting time to preventing risk and automating ISO payments, Cloudsquare continues to lead in delivering technology that drives speed, scale, and smarter lending decisions. Find out more on our blog: https://link.cloudsquare.io/8oLA
About Cloudsquare
Cloudsquare is the leading end-to-end lending platform, uniquely powered by Salesforce to deliver unparalleled flexibility and innovation for lenders and brokers. With a commitment to optimizing lending processes through cutting-edge technology, Cloudsquare provides robust, scalable solutions that empower merchants to achieve greater efficiency and growth. Celebrated by industry leaders, Cloudsquare has earned a place on the Inc. 5000 list as one of America’s fastest-growing companies and is consistently rated a top service provider on platforms like Salesforce AppExchange, G2, Clutch, and Manifest.
For media inquiries, please contact:
Cloudsquare Marketing Email: marketing@cloudsquare.io
View PostSmall Employer Firms Less Likely to Seek Out Factoring Than a Decade Ago
The percentage of small employer firms (< 500 employees) that applied for financing or credit that sought out factoring specifically, has dropped over time, according to the Small Business Credit Survey conducted by the Federal Reserve. deBanked pulled the responses published over the last 10 years to compare and found a noticeable change.
Percentage of financing applicants that sought factoring by year:
- 2015: 3%
- 2016: 7%
- 2017: 4%
- 2018: 4%
- 2019: 3%
- 2020: 4%
- 2021: 3%
- 2022: 4%
- 2023: did not ask
- 2024: 2%
- 2025: 2%
The anomalous 7% figure in 2016 is likely due to confusion over factoring with merchant cash advances. The Federal Reserve did not ask respondents if they had sought out merchant cash advances specifically until the 2017 study, at which point they discovered that 7% had actually sought out MCAs in 2017 and only 4% had sought out traditional factoring.
View PostReady Capital’s Q1 and Fintech Footprint
Ready Capital originated $343M in SBA loans in the first quarter of 2025. It did an additional $44M in non-SBA small business loans in the same period.
“While we anticipate moderation in volume ahead, we view recent policy updates from the SBA as constructive towards reinforcing the program’s long-term strength and integrity,” said Thomas Capasse, CEO of Ready Capital. “Ready Capital continues to deliver performance above industry benchmarks. Our 12 month default rate was 3.2% versus the industry average of 3.4% and our five year charge-off rate has now declined for the fourth consecutive quarter, reflecting the strength of our credit and servicing practices. Additionally, our 12 month repair and denial rate reached a historic low.”
While Ready Capital is known as the fourth largest SBA lender and by far the largest non-bank SBA lender, the company is also among the biggest fintech innovators in the space.
- 2019: Acquired Knight Capital and iBusiness Funding
- 2023: Launched LenderAI
- 2023: Acquired non-SBA assets and talent from Fountainhead SBF LLC
- 2024: Acquired Funding Circle US
- 2024: Inherited Funding Circle’s funding partnership with eBay
On the last point above, eBay brokered more than $100M in small business funding in 2024 alone, with more than half of that believed to have gone to Funding Circle US, now Ready Capital via iBusiness Funding. On eBay, iBusiness Funding offers term loans up to $500k with repayment terms up to 7 years.
The rest of eBay’s funding volume goes to an MCA provider named Liberis.
View PostSee You at Broker Fair
REGISTERED FOR BROKER FAIR? HERE’S WHAT YOU NEED TO KNOW:
Broker Fair Preshow tonight at JIMMY at ModernHaus (SoHo) 15 Thompson St, New York, NY. Requires the separate preshow ticket. This event is sponsored by Lendini. All food is Kosher.
Broker Fair conference tomorrow at Tribeca 360 is at 10 Desbrosses St, New York, NY. Checkin starts at 9am.
- Agenda here.
- Lunch is sponsored by Triton Recovery Group who created a curated latin flavored menu. All food is Kosher.
- The post-show reception starting at 3:35 is sponsored by Bitty. All food is Kosher.
See you there!
Dragin Technologies Launches the First True AI Pre-Underwriting Tool for Revenue-Based Financing, Redefining the Future of Digital Business Intelligence
New York, NY — May 16, 2025 — Dragin, the automation engine behind some of the fastest-growing and largest revenue-based financing companies, announces the launch of its latest breakthrough: True AI Web-Based Pre-Underwriting. This powerful new AI tool delivers real-time digital presence analysis to deal teams just before offers are made.
Designed for Revenue-Based Financing
In an industry where speed, accuracy, trust, and decision confidence drive every dollar moved, Dragin’s new AI functionality equips funders with a clear picture of a merchant’s online credibility and activity, automatically pulled before a human ever touches the file.
Here’s what it uncovers:
- Ownership and business addresses
- Business website, social media pages, storefront images, and location markers
- Incorporation information, SOS details, and NAICS codes
- Legal exposure including lawsuits, arbitration, and personal risk
- News coverage and media presence
- Financial signals and business health
- Registrations and licenses
- Customer reviews (Google, Yelp, Trustpilot, etc.)
- Top social media posts and engagement
How It Works
The moment a deal hits your inbox, Dragin’s proprietary automation stack kicks in, extracting deal info, organizing docs, applying pre-decline logic, and now, launching the AI agent. In under 30 seconds, it builds a hyperlinked, easy-to-read Digital Presence Report and attaches it directly to the CRM deal view. No clicks, no searches, no lag.
Why It Matters to Funders
For revenue-based financing companies, every delay risks a lost deal. Every gap in diligence risks a burned book. Dragin AI closes those loops.
✔️ Cost savings
✔️ Faster pre-qual checks
✔️ Early fraud detection
✔️ Deal confidence pre and post contracts
✔️ Fewer merchant falloffs post contracts
✔️ Streamlined ISO and internal decisioning
From Dragin’s Founder
“In the revenue-based financing space, you need to move fast without missing the red flags,” said Mark Ross, CEO of Dragin. “This tool gives funders real time signals, whether the merchant is real, active, and viable, before you send an offer. No more hours of review.”
Part of a Larger Ecosystem
Dragin AI is just one tool in Dragin’s full-stack deal automation platform, which includes:
- Email parsing and file classification
- Bank PDF and application extraction
- Pre-qualification, auto-approve, and pre-decline logic
- Instant CRM syncing
- Auto-contract generation
- Merchant offer portal for real-time negotiation
and much more
About Dragin Technologies
Developed specifically for the revenue-based financing, alternative lending, banking, and insurance spaces, Dragin’s suite of underwriting tools automate deal intake, streamline underwriting, and gives funders a smarter way to scale. With its Machine Learning and AI-driven tech stack and its powerful CRM suite, DraginForce, Dragin is powering the next wave of fast, AI-powered, and compliant funding operations. Learn More About Dragin at https://www.dragin.io
LEARN FROM THE PROS AT BROKER FAIR
Here’s some of what you can expect at Broker Fair 2025 on May 19 in NYC! TICKETS WILL NOT LAST
PLUS, hear from:
PLUS, Get dazzled by presentations from:
Read the agenda to see when they’re up!
All food at both the May 18 preshow and full conference on May 19 will be Kosher. |
Texas on Pace to Pass MCA Bill With Broker Registration Requirement
The State of Texas is moving toward passing a “commercial sales-based financing” bill that would impact the merchant cash advance industry. Among the key details is an MCA broker registration requirement that would require brokers to get approved by the Office of Consumer Credit Commissioner (OCCC) in order to broker any MCAs to a merchant located in Texas. Brokers would be subject to OCCC oversight and the rules governing transactions with Texas-based merchants would apply regardless of where the broker themselves is located.
Furthermore, The Finance Commission of Texas would have the authority to adopt its own rules “to prohibit certain acts or practices by providers including acts or practices the commission considers unfair.”
The current iteration of the bill, which has already passed the House and is now in the hands of the Senate to confirm, can be found here.
View PostNeed a Bank to Fund MCAs? You Can’t Operate Without One
“I learned back in the early 2000s when merchant processors started to offer merchant cash advances, that was the first time I ever heard of MCA,” said Christian Sanchez, Relationship Manager for the National Deposits Group of Dime Private & Commercial Bank. Sanchez, who’s been in banking for 25 years, understands MCAs in their current iteration from a unique vantage point in the ecosystem. Dime, for example, is a full‑service commercial bank based in New York that today provides a variety of customers, including MCA funding companies, with services like checking accounts, wire access, and ACHs.
Sanchez worked with his first MCA client in 2021 and immersed himself in their business and the industry. When he got them onboarded and saw how well it worked out, he knew there was something there. By early 2024, he set out to find a place where he could meet many MCA funders at once and attended the deBanked CONNECT MIAMI conference that January. It was almost right afterward that he started a new role at Dime, and he has been actively looking to serve MCA companies ever since.
“Through the connections I made—I attended Broker Fair in New York last May and from there my access to the industry has been great and I continue to meet contacts, and one contact leads me to another,” Sanchez said.
It’s more than just a basic account that Dime is offering to MCA funders.
“Our platform is designed to give you the tools that you need to run your MCA funding company,” he said, “coming in from the standard online banking access, being able to view your accounts, run reports, extract information to your accounting system… We give you access to our ACH platform, which allows you to set up your payment collections, and based on how your deal is structured with the merchant, you can set those up with the different recurring schedules.”
Dime customers can also continue to use their own third‑party ACH processor if they choose.
Banking, believe it or not, can be one of the most overlooked considerations in running a funding company. A bank’s underwriting team has to understand the business, be comfortable with it, approve it, and be prepared to handle the flurry of activity—yet, even when they do, things may not always run smoothly. To that end, Sanchez said that even if someone already has an MCA banking relationship elsewhere and doesn’t want to switch to Dime, being fully onboarded with another bank as a backup is a smart plan. The time‑sensitivity surrounding things like wire deadlines and daily ACHs is critically important in the industry. It’s crucial not to wait until it’s too late for that Plan B, since onboarding and risk underwriting are neither instantaneous nor guaranteed.
“Obviously I would love to be the primary and having the biggest share,” Sanchez said. “But at the end of the day, it’s business. If I can be part of your business and work together, then I fulfill my need.”
Credit facilities, investors, and syndicates may also require an MCA funder to have a backup bank ready to go as a condition of working together. They might even require a Deposit Account Control Agreement (DACA), which Dime is equipped to put in place.
“[A DACA] is a tri‑party agreement between the MCA funder, the lender, and the bank,” Sanchez explained. “And what happens is this is a way for a lender to ensure that the MCA is doing what they say they were going to do…”
Dime customers need not be located in New York, but those who want to drop in on their banker can do so at the Midtown Manhattan branch or set up a meeting with Sanchez himself.
“A lot of times what I can assure you is, if you look for me, you can find me, whether it’s by phone or we might be meeting somewhere but I’m constantly available.”
True to that promise, Sanchez said he will once again attend Broker Fair in person on May 19 in New York City.
It’s important to note that, as a bank, there is still a rigorous underwriting process and not every company may be approved.
“It’s absolutely amazing to see how Dime is willing to work with MCAs,” he said. “We have a clear understanding of the industry, the risk that’s involved with it, but the bank has embraced it instead of running away.”
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