Able Lending Secures $100 Million for Small Business Loans

Able Lending announced Tuesday that it has secured $100 million in debt financing from Community Investment Management to provide low-cost loans to small businesses. The Austin-based online lender reports that the money will be used to fund approximately 500 small businesses in the United States. To qualify for a loan, the businesses need to be […]

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Business elite gather at JW Marriott to recognize top Austin CEOs

Most companies have mission statements to guide their strategic planning. But how many Austin executives craft individual mission statements to inform their personal and professional decision-making?
Not enough, Mark Friedman said Sept. 22 at Austin Business Journal’s 2016 Best CEO ceremony. The recipient of this year’s Legacy Award used the stage to provide valuable insight on what he learned in 21 years leading his real estate management software company, Accruent LLC. He stepped down as chief…

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Charles Schwab fined by Texas Securities Board

Charles Schwab Corp. will pay a $95,000 fine to the state for failing to verify that certain individuals involved with client accounts were registered as investment advisers, the Texas Securities Board said Monday.
The firm also will pay $30,000 separately to the Investor Protection Trust, a nonprofit that helps educate investors.
“Fines are not negotiated or imposed based on the size of the entity. It’s based on the violations,” Texas Securities Board spokesman Robert Elder said.
The fine…

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Austin drugmaker’s stock falters after latest FDA rejection

Pain Therapeutics Inc.’s long road to win regulatory approval for a drug to help recovering opioid addicts hit another snag Monday and its mercurial share price dropped precipitously as a result.
The Austin-based pharmaceutical company said in a Monday regulatory filing that the U.S. Food and Drug Administration had rejected its latest application for Remoxy ER, a tamper-resistant painkiller. It was the third time the FDA has rejected the drug.
Shares of Pain Therapeutics (Nasdaq: PTIE) dropped…

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Las Vegas cybersecurity firm relocates to Austin suburb, broadens business model

A technology company formerly based in Las Vegas has relocated just south of Austin with a plan to broaden its customer base beyond the health care industry.
CipherLoc Corp. (OTCQB: CLOK) moved its headquarters to Buda in Hays County in August and hopes to employ up to 40 workers within the next year. The company, which was founded in 2006 as Cloud Medical Doctor Software Corp., develops security software to protect data and preserve user privacy in addition to encryption technology, said Mike Salas,…

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Austin Council to weigh in on Rainey Street density restriction

The days may be numbered for a little-known restrictive covenant that limits residential density on Rainey Street, reports the Austin Monitor.
The Austin Planning Commission voted unanimously last week to remove the covenant on 80 Red River Street, which is home to The Villas on Town Lake condominiums. Those condos are in the process of being sold to developers who plan to build a denser mixed-use project on the site. The restriction limits the number of residential units to less than 30 per acre.
According…

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RetailMeNot shares slide after agency downgrades stock outlook

RetailMeNot Inc. shares slid by more than 20 percent Monday after a prominent investment firm downgraded its outlook on the stock.
The Austin-based digital coupon company had been buoyed in the last two months by better-than-expected second-quarter results, released on Aug. 2, which caused shares to hit a 52-week high of $12.79 on Aug. 18. However, that rally ended Monday after Stifel Financial Corp. rated its stock as sell and gave it a target price of $9 per share, according to Motley Fool.
Shares…

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French e-learning startup opens U.S. HQ in downtown Austin

Another European technology company has established a U.S. headquarters in downtown Austin.
Speachme Inc., a French e-learning company, opened a four-person office in August at the WeWork co-working space on Congress Avenue.
The company, which developed a worker-training platform, plans to add six workers during the next six months and relocate to a larger space at the Domain WeWork, a company spokeswoman said.
Speachme launched in 2014 with a platform that includes customizable options for building…

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Clinton, Trump showcase policy, personality differences in first debate

Donald Trump and Hillary Clinton faced off Monday night in the first debate of the 2016 presidential campaign and their raucous back-and-forth featured plenty of policy and personality differences to consider for business owners and professionals.
As the video from CNN at the top of this post shows, the two candidates discussed trade deals, taxes and regulation.
For some more takes on the debate:
CNN: 6 takeaways from the first presidential debate Wall Street Journal: Candidates Spar in Debate,…

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Red Stag Fulfillment Offers Handy Guide to E-Commerce Platforms

rsfRed Stag Fulfillment, a successful and well-regarded company that acts as a third party shipping servicer for e-commerce firms, doesn’t sell anything online. But it sure has a bead on the platforms that serve those who do.

RSF ships for a growing number of e-commerce companies and it has learned a great deal about the pros and cons of each.

When it comes to eCommerce order fulfillment, RSF says that the technology used is vitally important. Having seamless operations that can, for instance, sync automatically with the real-time purchases in a company’s online store will go a long way in preventing an eCommerce store from joining the vast graveyard of similar businesses that failed in large part because of inadequate or inadequately used technology.  To learn more about the eCommerce technology used by RSF, click here).

Now, the Red Stag Fulfillment crew is offering a handy guide to the major platforms serving the customers that it also serves. The guide gives basic information about the platforms that work with both small to medium and medium to large e-commerce companies.

For small to medium outfits, RSF reviews Woo, Shopify, OpenCart, and PrestaShop. For medium to large e-commerce companies, it reviews Magento, BigCommerce, and ShopifyPlus.

Included in each shopping platform review is an overview, cost information, features description, benefits details, customer support info, and details on any drawbacks Red Stag believes its audience needs to know.

For instance, its overview of Woo notes that “Woo Commerce is a free WordPress plugin which allows you to sell through your WordPress website. It also offers additional paid features you can add on. This option is known to be affordable and allows you to make sales, process secure payments, manage inventory and shipping, and manage taxes automatically. It is recommended for retailers earning revenues that range from $0-$500,000.”

It’s a very informative guide for the customers that RSF was created to serve.

“There are pros and cons to every platform – but ultimately, the right choice will depend on your company’s size and unique needs,” notes the company. “In our business at Red Stag Fulfillment as a third party fulfillment provider, we know our customers need an e-commerce solution they can rely on, and we regularly hear feedback on the good and bad of various platforms. Hopefully this guide (can help) you in your decision process.”

To review the guide in full, click here. And for more information on what RSF can do for the reliability and growth of your eCommerce business, check out the company here.

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