Sean Murray

Articles by Sean Murray

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Dubious Story On Strategic Funding Unfounded

June 22, 2017
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Strategic Funding Source office

A questionable story published by Allen Taylor of Lending Times pushed the boundaries of journalism earlier this week. Citing a single anonymous source, Taylor wrote that an alleged breakdown in negotiations between Strategic Funding Source (SFS) and CAN Capital (CAN) had compounded into more problems for SFS when a burst water main drenched their main […]

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Pearl Capital Secures $15M in Financing From Chatham Capital Management

June 21, 2017
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pearl capital

Pearl Capital Business Funding, LLC has closed on $15 million in financing from Atlanta-based Chatham Capital Management, according to the company. Pearl is a NY-based small business funder that was acquired in 2015 by Capital Z Partners, a private equity firm. “We understand that despite personal credit issues, many small business owners have triumphed in […]

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Déjà Vu: Some Small Business Funders are Fading Away

June 20, 2017
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fading away

IT’S THE END OF DAYS!! Or is it? Apparently I’m old enough to see this happening all over again. A handful of big names in the alternative small business space are faltering and many of you have asked what this means for the industry. It really doesn’t mean anything other than those who do not […]

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US Treasury Calls for Section 1071 to Be Repealed

June 19, 2017
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Treasury Department

In a 149-page report prepared for President Trump, the US Treasury has called for the repeal of Section 1071 of Dodd-Frank. Section 1071 is the governing law behind the CFPB’s jump into small business lending data collection. Citing the cost of data collection and anemic small business loan growth since 2008, the Treasury says, “Although […]

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That Awkward Moment in Alternative Lending When…

June 13, 2017
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#dontbank

That awkward moment when you apply for a bank charter (::cough:: SoFi ::cough::) and you realize your company’s motto has literally been #dontbank all along… The above is actually from a video they made about how much banks suck. Just, don't do it. #DontBank pic.twitter.com/lnxKJHH3QJ — SoFi (@SoFi) February 11, 2016 This is the beginning […]

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Another NY Supreme Court Judge Casts Doubt On The MFS – Volunteer Pharmacy Case

June 10, 2017
Article by:

Courtroom

Just as an Orange County, NY judge found in Merchant Funding Services, LLC v. Micromanos Corporation d/b/a Micromanos and Astsumassa Tochisako that a uniquely structured merchant cash advance was not a criminally usurious loan, so too did the Honorable Maria S. Vazquez-Doles on June 8th, court records reveal. Vazquez-Doles, who also presides in Orange County, […]

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Industry CEOs Were Less Confident in Q1

June 6, 2017
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Industry Confidence Q1 2017

According to the latest quarterly Bryant Park Capital/deBanked survey of industry CEOs, confidence dropped to the lowest levels since the survey first began in Q4 2015. Specifically, confidence in being able to access capital needed to grow dipped down to 78.7% from 82.7% in the prior quarter. Confidence in the continued success of the Small […]

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Sneak Peek of Our May/June 2017 Magazine Issue

June 5, 2017
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deBanked May/June 2017

Move over New York, California and Florida because Texas has become a strong incubator for alternative small business finance. In this newest deBanked magazine issue, we went to Dallas-Fort Worth, Austin and Corpus Christi to find out how and why non-bank financing products are flourishing. We were impressed by what we found and inspired just […]

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Commercial Finance Coalition Continues to Engage

June 1, 2017
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Members of the Commercial Finance Coalition With Congressman Tom MacArthur (NJ) and Congressman Steve Stivers (OH)

Commercial Finance Coalition Members With Congressman Tom MacArthur (NJ) and Congressman Steve Stivers (OH) A sign of a mature industry? The Commercial Finance Coalition is becoming a major liaison between the merchant cash advance industry and Washington. Just as peer-to-peer lenders and electronic payment companies have their own trade associations, the CFC is regularly engaging […]

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Why OnDeck is Underperforming its Peers

May 29, 2017
Article by:

debanked tracker

Small business lending company OnDeck was down nearly 23% on the year when the market closed on Friday. One of their closest rivals, Square, a company that makes business loans in addition to offering payment processing services, was up almost 64% this year so far. The disparity can be partially attributed to the market’s changing […]

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