We are a team of 4 industry veterans who have a combined experience of over 100 years in accounts receivable management.
We purchase both performing and non-performing accounts receivable from financial institutions and have over $30m available for new purchases.
We are in the process of securing nationwide licensing which will expand the number of debt portfolios available to purchase directly from banks and credit unions.
We have received a $1m co-investment commitment from the subsidiary of a large insurance company that provides services to over 70% of credit unions. As a result, we are now looking for a $1m working capital loan. Terms include quarterly interest, equity and a balloon payment in 3 years.
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