Sean Murray

Articles by Sean Murray

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How Dealstruck Arrived, “Disrupted,” and Died – A Cautionary Online Lending Tale

October 14, 2018
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Unwound book

Dealstruck just wanted to be loved. When Dealstruck popped up on the online lending scene in 2013 with promises of long term loans and low interest rates, some industry insiders rolled their eyes at the naïveté. “It’s not about disintermediating the banks but the very high-yield lenders,” Ethan Senturia, chief executive of Dealstruck, told the […]

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deBanked CONNECT San Diego PHOTOS

October 9, 2018
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deBanked San Diego Audience

Like What You See?Register for the next deBanked CONNECT event in Miami Beach on January 24thOr email events@debanked.com

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The Largest Merchant Cash Advance in History

September 28, 2018
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auto dealership

How would you like to be the funder to do a $40 million MCA transaction? According to the Securities & Exchange Commission, a deal of such magnitude was one of the many negligent acts that 1st Global Capital CEO Carl Ruderman did with investor money. Though the SEC refers to the merchant as an auto […]

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Get The deBanked Events Mobile App

September 24, 2018
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deBanked Events Mobile App

deBanked affiliated events will now be accessible through our new mobile app! (iPhone | Android) Whether it’s deBanked CONNECT networking events or Broker Fair, you’ll be able to get all the information you need in one place. See who’s attending! While we don’t distribute attendee lists, you’ll be able to view all attendees that opt-in […]

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CAN Capital To Bring its Executive Functions Back to Kennesaw

September 18, 2018
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CAN Capital Resumes Funding

For CAN Capital, the power is coming back to Kennesaw, GA. Gary Johnson, CAN’s Executive Chairman, said “Today, CAN Capital announced it will be moving its finance and executive functions from New York to Kennesaw. The board believes this move will position CAN for increased efficiency and faster decision making as it continues to meet […]

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The Google Battle for Lending & SMB Finance Keywords Revisited

August 29, 2018
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google search

When it comes to Google’s organic search for major keywords, companies like Nerdwallet and Fundera still dominate. A few players, however, have gained or lost significant ground since last year. The Small Business Administration relinquished its place on the first page for words like “business loan” and “business line of credit” while PayPal and Credit […]

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Merchant Cash Advance Company Wins in Bankruptcy Court After Judge Rules It’s an Ordinary Part of Business

August 21, 2018
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bankruptcy court

Last week, a bankruptcy judge in the Northern District of Illinois ruled that a merchant had used so many merchant cash advances that it had become a normal part of their business. At issue was Network Salon Services, a business founded in 2004 that was brought back from the brink of insolvency in January 2013 […]

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The 2018 Top Small Business Funders By Revenue

August 16, 2018
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topfunders-18

The below chart ranks several companies in the non-bank small business financing space by revenue over the last 5 years. The data is primarily drawn from reports submitted to the Inc. 5000 list, public earnings statements, or published media reports. It is not comprehensive. Companies for which no data is publicly available are excluded. Want […]

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90% of PayPal Merchant Advances and Business Loans Are Performing On Pace

July 28, 2018
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PayPal LoanBuilder

As of June 30, 90.6% of PayPal’s merchant advances and business loans were performing within the original expected repayment period, the company disclosed this week. That equated to $1.27 billion worth of deals. Only 4.2% of their merchants were more than 90 days behind their expected pace. PayPal had $1.4 billion in outstanding merchant loans, […]

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Stacking Lawsuit Results in Settlement Before Trial

June 19, 2018
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lawyer going to the courthouse

A lawsuit between RapidAdvance and Pearl Capital over tortious interference will not be going to trial after all, deBanked has learned. Originally scheduled to begin on June 25th, the parties have reportedly reached a settlement. Neither party would respond for comment. RapidAdvance filed its lawsuit against Pearl in November 2015 with the hope that they […]

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