Sean Murray

Articles by Sean Murray

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deBanked Connect: Miami — SOLD OUT

December 12, 2017
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debanked miami sold out

deBanked’s cocktail networking event on January 25th in South Beach is now SOLD OUT! BUT WAIT If you missed out on your chance to RSVP, you can still register for our much bigger, better, and more comprehensive event on May 14, 2018 in Brooklyn; Broker Fair 2018. With 20 sponsors already signed on, Broker Fair […]

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Originations Since Inception

December 8, 2017
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growth

After several company announcements recently, we’ve compiled a milestone chart to plot where they rank. Originations may indicate business loans or MCAs funded on balance sheet, brokered, or placed through a marketplace. These rankings are a work in progress. This chart may not include companies for which public data is not available. If you’d like […]

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Law Firm or Law Fail? Debt Settlement Company’s Legal Footing Called into Question

December 6, 2017
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uh oh

Above: Michael Hamill gets a lap dance at the office of New Jersey-based telemarketing firm Corporate Bailout.   PLG, a purported Illinois law firm, says that they hire Corporate Bailout to perform tasks for them and that this in effect makes Corporate Bailout a law firm too.   Plaintiffs Yellowstone Capital and Everest contend that […]

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Are Lawsuits the New UCCs?

December 5, 2017
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pirate flag

Back when merchant cash advance funders first began to file UCCs, competitors immediately began to look them up and turn them into leads. The practice became so widespread that MCA funders began filing under pseudonyms to throw people off the scent. But soon, competitors began to figure out who the pseudonyms belonged to and the […]

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Is Lending Club Misleading New Investors About Past Performance?

December 3, 2017
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Lending Club IPO

Above: Lending Club tells new investors that 99% of portfolios aren’t losing money New retail investors interested in the Lending Club platform are greeted with a friendly statistic, that “99% of portfolios with 100+ Notes have seen positive returns.” That’s a slippery statement, which is probably why they footnoted it. The footnote says that only […]

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Institutions Like American Express Are Mainstreaming Daily ACH Payments

November 30, 2017
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merchant financing

A takeover-style ad on CNN’s website rang very familiar earlier today. The ad, paid for by American Express, preached merchant financing with a fixed fee. The ad brought me to a page that offered a fixed fee business loan between $5,000 and $2 million with daily ACH repayment and no interest rate. Terms were 6 […]

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SBA Loans Go Online: A Q&A With SmartBiz

November 28, 2017
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SBA Loans

A while back, a merchant deBanked interviewed told us they had obtained what sounded like impossibly good terms from an online lender not known for low rates. When I requested a fact check of it, we learned that the online lender had actually referred the borrower to SmartBiz and that SmartBiz had secured an SBA […]

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Get $10 Worth of Bitcoin FREE

November 28, 2017
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bitcoin

Ok, so this is a shameless affiliate marketing offer. If you buy $100 worth of Bitcoin from Coinbase using this link, you’ll not only get an extra $10 worth of Bitcoin free, but I’ll get $10 worth of free Bitcoins as well. While it’s awesome that a single Bitcoin is worth $10,000 these days, I […]

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ISO Roadmap For 2018

November 26, 2017
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ISO ROADMAP

ISOs, as you finish out a wild year of funding, we’ve put together a roadmap to prepare you for a very successful 2018! 1. Educate yourself. Litigation in the MCA industry skyrocketed in 2017. That means as a salesperson you’re more accountable than ever to communicate the products and services you sell in a succinct […]

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Take a Break From Funding This Thanksgiving

November 21, 2017
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hug an underwriter

This Thanksgiving… Step back from the daily grind Those merchants eager for your cold calls can wait There’s no need to start worrying about next year just yet It’s Thanksgiving So hug an underwriter Kiss a broker Think about your favorite merchant And pay no attention to the algorithms automating your job Give thanks Because […]

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