Sean Murray

Articles by Sean Murray

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More Small Businesses Seeking Merchant Cash Advances Than Factoring

May 23, 2018
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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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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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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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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 […]

LendItFintech In Photos and Sound Bites

April 10, 2018
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LendItFintech Co-founders

LendItFintech co-founders Peter Renton, Bo Brustkern, and Jason Jones kick off the 6th annual event “Bad credit is literally killing us” – Scott Sanborn, CEO, Lending Club when speaking about the increase in mortality rate for people who have faced major financial distress A disruptive business is not just about speeding something up – Jay […]

Broker Fair 2018 On Pace for Major Success

April 4, 2018
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Broker Fair 2018

Broker Fair 2018 is on pace to be a major success! Companies still wishing to become a sponsor of Broker Fair 2018 have until Friday, April 6th to do so. After that, no additional sponsors will be accepted. The coming May 14th conference in Brooklyn, NY has already sold out of funder/lender and general admission […]

Champion Auto Sales Decision Brings Closure to Another Case

April 1, 2018
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law books

A merchant seeking to have a judgment against them voided on the basis that the underlying Purchase and Sale of Future Receivables agreement they entered into was actually a usurious loan, has had their motion denied pursuant to the law as decided in Champion Auto Sales, LLC et al. v Pearl Beta Funding, LLC, court […]

SBFA Braved Snow Storm for Spring Fly-In

March 23, 2018
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US Capitol

The Small Business Finance Association (SBFA) had their Washington DC Spring fly-in earlier this week. SBFA members met with Karen Kerrigan, the President and CEO of the Small Business & Entrepreneurship Council, on Tuesday afternoon, and Congressman Josh Gottheimer (D-NJ) in the evening. Despite the blizzard, a handful of members continued to meet with members […]

It’s Settled, Merchant Cash Advance Not Usurious

March 15, 2018
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Court Order

It’s not a usurious transaction. That’s how trial courts across New York State have been ruling on merchant cash advances for years, but now, thanks to Champion Auto Sales, LLC et al. v Pearl Beta Funding, LLC, the matter has been settled in a key jurisdiction. On Thursday, March 15th, The Appellate Division of The […]

9 Real Industry Stories To Get You Fired Up

March 7, 2018
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determined

Whether you’re working from home as an independent agent or you’re the owner of a young alternative funding startup, here are nine deBanked stories that are guaranteed to inspire. For those of you that haven’t been in the industry very long, you’ll definitely want to read some of the older ones! Nest Planner: The Story […]

I Got Funded, Again

March 1, 2018
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half pig

This story appeared in deBanked’s Jan/Feb 2018 magazine issue. To receive copies in print, SUBSCRIBE FREE One year after I received a 12-month loan from Square on fixed monthly ACH, I logged onto my dashboard to renew. I was pre-approved to do it all over again, the screen indicated, but the monthly ACH payment option […]

BFS Capital Secures $175M Revolving Line

February 20, 2018
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Michael Marrache

Michael Marrache, CEO, BFS Capital BFS Capital has secured a new $175 million revolving credit facility from funds managed by Ares Management, L.P. (NYSE:ARES), according to a company announcement. Stephens Inc. acted as financial advisor to the transaction. ARES is one of the largest global alternative asset managers with $106.4 billion under management. They previously […]