Articles by Sean Murray
90% of PayPal Merchant Advances and Business Loans Are Performing On Pace
July 28, 2018
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, […]
View PostStacking Lawsuit Results in Settlement Before Trial
June 19, 2018
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 […]
View PostSettling Up: Debt Settlement Companies Paid Yellowstone Capital and Everest Business Funding a Half Million Dollars to End Lawsuit
June 12, 2018
A group of debt settlement companies and ISOs have entered into a settlement they’re unlikely to forget. A lawsuit that accused Corporate Bailout, Protection Legal Group, Mark Mancino, Michael Hamill and others of tortious interference with merchant cash advance contracts has led to a settlement in which the defendants agreed to pay Yellowstone Capital and […]
Commercial Financing Disclosures Bill Approved in the CA Senate
May 31, 2018
The use of an annualized cost metric on loan and non-loan contracts alike is now one step closer to becoming the law in the State of California. On Thursday, SB 1235 was approved on the Senate floor. The bill calls for commercial finance companies to disclose an Estimated Annualized Cost of Capital. In previous hearings, […]
More Small Businesses Seeking Merchant Cash Advances Than Factoring
May 23, 2018
Seven percent of small employer firms in the US applied for a merchant cash advance in 2017, the latest report by the Federal Reserve shows, while only 4% applied for factoring. Small employer owned firms were defined as businesses that have 1 to 499 full-or part-time employees. 69% of those surveyed generated less than $1 […]
Missed Broker Fair? Get the Kit and Presentations
May 21, 2018
If you missed Broker Fair, you can still get your hands on some of the gear and the presentations. Simply email info@brokerfair.org and ask to be shipped a copy of the Broker Fair Kit. The accessories, which will only be provided while supplies last, include a USB drive with the day’s presentations, a Broker Fair […]
Broker Fair 2018 Story Continued
May 18, 2018
A continuation of Broker Fair 2018 through photos: See also: Set 1 Set 2 We’ll publish the entire cache of them in the coming weeks. BREAKFAST SPONSORED BY BFS CAPITAL KEEPING CHARGED, CONNECTED, AND HYDRATED SPEED NETWORKING BE A BETTER CLOSER NETWORKING MARKETING YOUR BUSINESS LEGAL SESSIONS NATIONAL FUNDING LUNCH THE GREAT DEBATE INSTITUTIONAL FINANCE […]
The Broker Fair 2018 Story Through Photos
May 18, 2018
Broker Fair 2018 was an amazing day of inspiration, education, and opportunities. We’ve posted some of our photo footage below: REGISTRATION OPENING STATE OF THE UNION BE A BETTER CLOSER SPEED NETWORKING NATIONAL FUNDING LUNCH LEGAL SESSIONS THE GREAT DEBATE SOFTWARE DEMOS INSTITUTIONAL FINANCE NETWORKING BETWEEN SESSIONS UNDERWRITING 101 BROKER FAIR SCENERY ACCOUNTING SESSION MARKETING […]
Broker Fair 2018 Pre-Show Photos
May 17, 2018
Photos from the Broker Fair 2018 May 13th Pre-show party at The William Vale in the Vale Garden Residence. Photos from the conference will be published separately. We hope you had fun.
Welcome to Broker Fair
May 13, 2018
Update: Thanks to everyone who attended, participated, and sponsored! Registration on Monday starts at 7am where you will be able to pick up your badge. The continental breakfast will be available at 8am and the opening remarks begin at 8:45am. The lunch, sponsored by National Funding, begins at 12. There will be a kosher option […]
