Sean Murray

Articles by Sean Murray

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9 Real Industry Stories To Get You Fired Up

March 7, 2018
Article by:

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 […]

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I Got Funded, Again

March 1, 2018
Article by:

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 […]

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BFS Capital Secures $175M Revolving Line

February 20, 2018
Article by:

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 […]

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Law Firm Sued for Tortious Interference With Loans and MCAs

January 31, 2018
Article by:

Stacking lawsuit

Rhode Island Superior Court has a tortious interference case on its hands. Small Business Term Loans, Inc., and BFS West, Inc. v Christopher M. Mulhearn, and Law Office of Christopher M. Mulhearn, Inc. is yet another front in the debt settlement war enveloping the alternative finance industry. Here, the plaintiffs (known to many as BFS […]

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deBanked Connect – Miami (Recap)

January 30, 2018
Article by:

deBanked Connect Miami

Thank you to everyone who attended our cocktail networking event in South Beach last week. It was a great opportunity for funders, lenders, brokers and others in the industry to connect with each other (many for the first time ever). Thank you again to Everest Business Funding, National Funding, Knight Capital Funding, NISO, Grand Capital […]

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Attorney Suing Dozens of MCA Companies Disqualified as Counsel

January 29, 2018
Article by:

Court Order

Rayminh Ngo, an attorney with Higbee & Associates that has appeared in no less than 80 lawsuits against merchant cash advance companies in New York State, hit a fatal roadblock in one case, court records reveal. That’s because Ngo and Higbee aren’t qualified to practice law in the State of New York. This disturbing matter […]

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deBanked Afterparty in Miami (Please read if you are planning on attending our event tonight)

January 25, 2018
Article by:

Miami Beach

Thank you so much to everyone who is attending our event tonight! The interest has exceeded all of our expectations… and the hotel’s. That’s why we’re planning on heading across the street after 8:30PM (when our event ends) to the Delano at 1685 Collins Avenue for continued networking! Funders, ISOs, if you were not registered […]

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MCA Helpline, A Debt Settlement Company, is Sued For Tortious Interference

January 25, 2018
Article by:

Broward County Courthouse

The Broward County Courthouse. Photo by Georgia Guercio Debt settlement is under fire again. This time it’s a trio of defendants, namely MCA Helpline, LLC, Decision One Debt Relief, LLC and Todd Fisch individually, according to a complaint filed by plaintiff Everest Business Funding on Wednesday in Broward County, Florida. Everest is seeking damages for […]

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deBanked Connects With Miami on Thursday, January 25th

January 23, 2018
Article by:

The Gale Hotel

We’re really looking forward to seeing you at deBanked Connect this week on Thursday at the Gale Hotel in Miami. Our 3-hour networking open bar cocktail party from 5:30pm – 8:30pm is sure to be a great opportunity for funders and ISOs. This event booked up to capacity really far in advance and I apologize […]

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Controversial Legislator Proposes 4% Interest Rate Cap in New Hampshire

January 22, 2018
Article by:

New Hampshire State House

New Hampshire’s Live Free or Die attitude could be challenged by a bill introduced by the state legislature. House Bill 1800-FN-LOCAL, AN ACT relative to usury, proposes a maximum annual rate of interest allowed in all business transactions in which interest is paid or secured to be capped at 4%. Any interest beyond that would […]

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