Sean Murray

Articles by Sean Murray

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CAN Capital To Bring its Executive Functions Back to Kennesaw

September 18, 2018
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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 […]

The Google Battle for Lending & SMB Finance Keywords Revisited

August 29, 2018
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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 […]

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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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 […]

The 2018 Top Small Business Funders By Revenue

August 16, 2018
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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 […]

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, […]

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 […]

Settling Up: Debt Settlement Companies Paid Yellowstone Capital and Everest Business Funding a Half Million Dollars to End Lawsuit

June 12, 2018
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money exchange

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
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sb 1235 california

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
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products compared

Seven percent of small employer firms in the US that applied for financing in 2017 applied for a merchant cash advance, 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 […]

Missed Broker Fair? Get the Kit and Presentations

May 21, 2018
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Broker Fair Kit

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
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BrokerFair2018Conference__414

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
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BrokerFair2018Conference__862

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
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Broker Fair 2018 Preshow

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
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Broker Fair 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 […]

California Commercial Financing Disclosures Bill Still a Work in Progress

May 8, 2018
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California State Senate Hearing

SB-1235, a bill that would require APR disclosures on all types of commercial financing products transacted in California (including some types of factoring, leasing, and merchant cash advance), survived the Judiciary Committee hearing on Tuesday. The bill was previously debated by the Senate Committee on Banking and Financial Institutions, where key provisions like a uniform […]

Online Lender Turns to Bachelorette Star to Promote Loans

April 26, 2018
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JoJo Fletcher, Marcus by Goldman Sachs

Will you accept this rose…err..loan? Joelle “JoJo” Fletcher has come a long way since her 2016 season on The Bachelorette where she found love with Jordan Rodgers, the younger brother of Green Bay Packers quarterback Aaron Rodgers. The couple is still together and JoJo is now a spokesperson for Marcus, the online consumer lending arm […]

Meet at the 2018 Financial Services Conference

April 22, 2018
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MCA Basics Certificates

I will be attending the 2018 Financial Services conference by CounselorLibrary and Hudson Cook, LLP on Monday, April 23rd in Baltimore, MD. deBanked is a sponsor of the event. If you would like to meet, please email me at sean@debanked.com. April 23rd is a Special One-Day Program with Merchant Cash Advance and Small Business Lending […]

What Got Said in The California Senate Hearing About Commercial Loan Disclosures

April 19, 2018
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Senator Steve Glazer California

Above: California State Senator Steve Glazer, holds up his proposed disclosure box in Wednesday’s Senate hearing California State Senator Steve Glazer was the reason that representatives from small business finance trade associations were in Sacramento on Wednesday. Glazer’s bill, SB 1235, calls for mandatory APR disclosures on loan and non-loan products alike, even if the […]

Crypto Hype Man Ian Balina Hacked

April 16, 2018
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Ian Balina Hacked

Cryptocurrency and ICO hype man Ian Balina has been hacked, according to a statement he published on social media. Balina’s self-reported fortune totaled $3.2 million just days earlier. “I’m not worried about the money,” Balina tweeted. “I learned my lesson. I only care about catching the hacker.” Balina is famous in the crypto world for […]

The March/April 2018 Edition Has Shipped

April 13, 2018
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March April Cover 2018

The March/April 2018 edition of deBanked Magazine has shipped! The print version is distributed before all of the content is republished online so if you want to be one of the first to read our exclusive stories, make sure you’re subscribed. It’s FREE. This issue, which will also be distributed at Broker Fair on May […]