New Liquid Capital franchisee will serve New Jersey and Pennsylvania clients

Mount Laurel, New Jersey – Liquid Capital is pleased to announce Michael Sokoloff as its latest franchisee. With an engineering degree from the University of Pennsylvania and 17 years in the software sales industry, Mr. Sokoloff is now poised to make an impact in the alternative financing field. His new venture will provide innovative financial solutions to small and mid-sized businesses in New Jersey and parts of Pennsylvania.

Leveraging Liquid Capital’s industry-leading direct lending platform, Mr. Sokoloff is offering businesses in all sectors the full complement of financial solutions, including accounts receivable factoring, asset-based lending, purchase order financing, equipment leasing and working capital advances.

“By offering factoring and other alternative funding solutions, my aim is to help smaller businesses access the liquidity they need to grow—particularly when traditional financing isn’t practical,” says Mr. Sokoloff. “Unlike with traditional loans, the nature of the factoring relationship is also very personal. That means clients can work with me directly to resolve the full range of their financing needs rather than dealing with an impersonal call center.”

Liquid Capital is looking forward to building its relationship with Mr. Sokoloff as they work together to help other businesses succeed.

About Liquid Capital

Liquid Capital is a full-service working capital and trade finance network and has been in operations since 1999. The Liquid Capital network has the largest geographic footprint of alternative funding professionals, with over 80 independently owned businesses across North America, offering clients a customized and flexible approach with local decision makers. We offer a complete range of solutions for all industries and provide immediate financing upon approval with no long-term contracts or hidden fees. At Liquid Capital, we help you grow your business.

To learn more about Liquid Capital Business Funding, contact

Michael Sokoloff
Liquid Capital Business Funding
Mount Laurel, NJ
Call: 856.296.9475
msokoloff@liquidcapitalcorp.com
Website: Liquid Capital Business Funding

Liquid Capital hires Sergio Mindreau as Director, Credit Risk

Strengthening the credit and risk department of expanding finance company.

TORONTO, ON – Liquid Capital is pleased to announce its recent hire of Sergio Mindreau, who has joined as Director, Credit Risk working out of the Toronto, Ontario, Canada headquarters. Mr. Mindreau joins the experienced credit and risk department, which reviews all new business opportunities to support 80+ franchisees across North America, ensuring cash flow financing deals are efficiently and effectively assessed.

Mr. Mindreau comes to Liquid Capital with over 16 years experience in commercial and international credit and risk analysis in the United States and Canada. An alumnus of the University of Florida, Mr. Mindreau is also a Certified International Credit Professional (CICP) through The Finance, Credit & International Business Association (FCIB), a globally recognized mark of distinction earned by demonstrating professional development in global credit management and risk analysis.

“Liquid Capital is a dynamic company that is constantly expanding, and I wanted to be a part of that success,” Mr. Mindreau said. “Previously, I was an insurance underwriter with an International Insurance Company, and managed the Liquid Capital account. I saw first-hand how Liquid Capital operated and I was always impressed with the extremely high level of expertise from Liquid Capital team members. Their research and questioning regarding credit and risk management were unmatched.”

Reporting to Vice-President, Chief Risk Officer, Tammy Kemp, and working closely with Liquid Capital Principals, Mr. Mindreau is eager to improve upon already exceptional credit practices by proactively reviewing exposure and monitoring, risk by industry, mitigating losses and building a strong relationship with new Principals. “Our main focus right now is to improve response time with all Principals so deals can be closed even faster. We want to be transparent, and in the event any application is declined, we want to provide feedback on our risk analysis.”

Ms. Kemp is pleased to grow her department’s bench strength with the addition of Mr. Mindreau. “We value the expertise Mr. Mindreau brings to Liquid Capital, as his attention to detail and knowledge of industry best practices will assist us in meeting our ambitious plans to grow our business and continue to support our Principal network,” states Ms. Kemp. “It is a pleasure to officially welcome Mr. Mindreau to the organization as we look forward to an exciting 2017.

About Liquid Capital

Liquid Capital is a full-service working capital and trade finance network and has been in operations since 1999. The Liquid Capital network has the largest geographic footprint of alternative funding professionals, with over 80 independently owned businesses across North America, offering clients a customized and flexible approach with local decision makers.

We offer a complete range of solutions for all industries and provide immediate financing upon approval with no long-term contracts or hidden fees.

At Liquid Capital, we help you grow your business.

Winnipeg small business owners helping local companies access capital

Company provides working capital for small and medium-sized businesses

WINNIPEG, MB – Liquid Capital Alternative Finance Inc. has announced their opening in Winnipeg, Manitoba to offer small and medium-sized businesses an alternative set of financing solutions that can increase a company’s working capital. When business owners cannot obtain traditional bank loans, often due to insufficient credit history or issues meeting bank terms, Liquid Capital Alternative Finance can fill the cash flow gap.

Company owners, Gregg and Dan Martin, have deep roots in the Winnipeg business community, having grown a multi-million dollar family-run enterprise from the ground up. The Martins have the distinct advantage of having been in their client’s shoes and understanding their needs, while also offering a unique line of products and services to meet those needs. “We look at the entire client position and what business goals they’re trying to achieve. Their potential for growth, operational development and having a solid business plan are all taken into consideration,” says Gregg Martin, from his Winnipeg-based office. “Our goal is to help other local businesses grow through proper financing and help get to the next level in their strategy.”

Business partner and father, Dan Martin, knows first-hand how these financing solutions can fill a gap in the market, having led the Martin family’s large-scale manufacturing enterprise called Syn-Tex for over 20 years. “I can understand the difficulties when business owners are up against a cash flow dilemma. Businesses need to be able to deliver on orders quickly, and access to working capital should never get in the way. We can help other companies wipe-out those concerns.” Syn-Tex specialized in innovative products that helped with high-profile applications such as the clean-up at the World Trade Center after 9/11, emergency levee repair in New Orleans after Hurricane Katrina and closer to home, flood protection at various Manitoba locations.

Gregg Martin also previously operated a Winnipeg-based startup and tech company, which manufactured industrial automation and robotic integration. “Being on the other side of the desk now, I can offer my clients real-world advice and expertise. Startups and tech companies are fast moving, but unfavourable payment terms can limit growth. Growing companies can also spend valuable time looking for venture capital funding, so there has to be a balance. We can work with those companies to get through periods when customer orders are increasing, but the cash isn’t in the bank yet.”

Liquid Capital President of Franchise Operations, Brian Birnbaum, welcomes the Martins to the organization and is thrilled to have such seasoned professionals able to partner with clients. “We’ve had incredible success across Canada, working alongside business owners and operators as true partners, not as transactional dealers,” he states. “We welcome Gregg and Dan Martin to the team and look forward to their success helping grow profitable business relationships in the heart of the Prairies.”

About Liquid Capital

Liquid Capital is a Canadian-based, full-service working capital and trade finance network and has been in operations since 1999. The Liquid Capital network has the largest geographic footprint of alternative funding professionals, with over 80 independently owned businesses across North America, offering clients a customized and flexible approach with local decision makers.

We offer a complete range of solutions for all industries and provide immediate financing upon approval with no long-term contracts or hidden fees.

At Liquid Capital, we help you grow your business.

To learn more about Liquid Capital Funding Solutions, contact:

Gregg Martin
Liquid Capital Alternative Finance Inc.
Winnipeg, Manitoba
Call: (204) 478-1799
gmartin@liquidcapitalcorp.com
Website: Liquid Capital Alternative Finance

New financing options for Central Florida business

ORLANDO, FL (November 3, 2016) – Liquid Capital Solutions is pleased to announce their opening in the Orlando, Florida area, offering the small and medium-sized business community a range of financing products to increase working capital. Leadership is eager to work with the local businesses, in English, Spanish and Portuguese, who are in various stages of growth and require increased cash flow.

With over 25 years experience managing sales and running enterprise business, including deep roots in multinationals in the United States, Brazil and Europe, business owner and Principal, Ernane Iung, is thrilled to be operating in Central Florida. “There’s a lot of value I can add to small and medium-sized business space in the Orlando area. Having worked many years in Latin America and around the globe, I am looking forward to setting roots in Florida and building relationships with the local Hispanic and minority-owned business community.”

With restrictions in the banking industry creating difficulties for companies to secure loans and build relationships with their bankers, Liquid Capital Solutions is offering an alternative approach. Focusing on the goal of growing their clients’ businesses, the company will help finance transactions such as product orders and offer access to much-needed cash flow. With this increased flexibility, clients can then take on additional orders, pay employees with more ease and manage their operating expenses more efficiently.

“Healthy cash flow is critically important to business owners, and I know the uphill challenges that fast-growing businesses and start-ups face when trying to meet the stringent lending requirements of traditional lenders,” Mr. Iung states. “Having the experience in executive positions, I’m now looking forward to offering value for my clients and applying my expertise to improve their financial position. I believe in building long-lasting and lucrative relationships with local business owners, formed by trust and a shared passion for business growth.”

Robert Thompson-So, Liquid Capital Vice-President and Chief Strategy Officer, echoes this sentiment, “Seasoned professionals such as Mr. Iung are a distinct benefit to Liquid Capital clients. His history in the business world and commitment to customer success prove that it’s not just about finding the right financing, but partnering with people that genuinely care about the success of your company.”

About Liquid Capital

Liquid Capital is a full-service working capital and trade finance network and has been in operations since 1999. The Liquid Capital network has the largest geographic footprint of alternative funding professionals, with over 80 independently owned businesses across North America, offering clients a customized and flexible approach with local decision makers. We offer a complete range of solutions for all industries and provide immediate financing upon approval with no long-term contracts or hidden fees. At Liquid Capital, we help you grow your business.

To learn more about Liquid Capital Funding Solutions, contact

Ernane Iung
Liquid Capital Solutions
Orlando, Florida
Call: 407.734.4054
Cell: 407.968.1808
Fax: 407.734.4001
ernane.iung@liquidcapitalcorp.com
Website: Liquid Capital Solutions

New financing facility opens in Greater Phoenix Area

PHOENIX, AZ (September 6, 2016)– Liquid Capital Funding Solutions announced their opening in the Greater Phoenix Area, offering financing solutions to small and medium-sized businesses, often when traditional bank loans cannot be secured. The products offered by Liquid Capital Funding Solutions can assist companies needing to fulfill new product orders, make payroll and fulfill their strategic objectives by increasing their cash flow and working capital.

Owner and Principal, Jeromy Cushing, is looking forward to building trusted relationships with local Phoenix businesses and partners. “There is great value in meeting face-to-face with my clients, taking the time to earn their trust and respect. We get to know our clients’ businesses, issues, concerns and strategic initiatives to develop the right solution to their financing. This is a major differentiator between Liquid Capital Funding Solutions and other lending institutions.”

The company works with businesses in various stages of growth and operations, and offers products such as accounts receivable financing, asset-based loans and purchase order financing. The administrative and collections capabilities can also assist companies who are looking to improve their accounts receivables process, and in some cases they can outsource those responsibilities entirely to Liquid Capital Funding Solutions.

Liquid Capital Vice-President and Chief Strategy Officer, Robert Thompson-So, welcomes Mr. Cushing to the organization. “We are proud to have Mr. Cushing join the organization and open Liquid Capital Funding Solutions. His vast experience in business including contract negotiations, purchasing and receivables is a strong asset to this business and we look forward to supporting his business growth and development for years to come.”

About Liquid Capital

Liquid Capital is a full-service working capital and trade finance network and has been in operations since 1999. The Liquid Capital network has the largest geographic footprint of alternative funding professionals, with over 80 independently owned businesses across North America, offering clients a customized and flexible approach with local decision makers. We offer a complete range of solutions for all industries and provide immediate financing upon approval with no long-term contracts or hidden fees. At Liquid Capital, we help you grow your business.

To learn more about Liquid Capital Funding Solutions, contact

Jeromy Cushing
Liquid Capital Funding Solutions
Phoenix, AZ
Call: (623) 680-2422
Fax: (623) 321-1945
jcushing@liquidcapitalcorp.com
Website: Liquid Capital Funding Solutions

Lendified Holdings Inc. And Liquid Capital Corporation Announce $20 Million Credit Facility To Support Growth Of Its Small Business Lending Activities In Canada

TORONTOAug. 16, 2016 /PRNewswire/ – Lendified Holdings Inc. (“Lendified”), a Canadian-based lending technology company offering working capital and related financial services products to the small business community, is pleased to announce that it has entered into an agreement with Liquid Capital Corporation (“Liquid Capital“), a company specializing in providing working capital, asset based lending and trade finance solutions. Liquid Capital will provide the senior debt for a new credit facility, initially in an amount of up to $20 million, for working capital loans underwritten by Lendified.  At the same time, Lendified announces it has closed a further $4 million in mezzanine financing through a private placement bringing the total funding lines to $24 million. Lendified is now poised for significant growth across a number of targeted markets for its products.

Launched in early 2015, Lendified provides small businesses access to working capital from $5,000 to $150,000 for terms of up to two years. In early 2016 Lendified purchased Mentio Technologies Inc., adding additional data and analytics capabilities to its technologically-advanced credit adjudication model. Lendified today provides small businesses with advanced tools for managing their cash flow in addition to providing prospective borrowers a frictionless experience in applying for and receiving working capital. Lendified’s wholly-owned subsidiary, Lendified Technologies Inc. provides third party financial services firms including banks, credit unions and other firms dealing with small businesses with a “software-as-a-service” tool that enhances the risk review process of small businesses applying multi source data analytics with advanced algorithms which provide a best in class view of the current and future performance of small businesses.

“We are pleased to have formed a funding partnership with Lendified,” said Sol Roter, President and co-founder of Liquid Capital. “Lendified exemplifies today’s merger of lending skillsets, quality management and technology within the “Fintech” world of financial services. Lendified’s advanced methodologies around credit analysis, while leveraging technological access to information is very, very impressive. It is our plan that this partnership will bring opportunities for efficiency and referral across our respective platforms as well. This transaction represents an important addition to the Liquid Capital portfolio and provides an outstanding opportunity to showcase Liquid Capital’s increasing commitment and interest in technology-driven financial services.”

Liquid Capital entered into a joint venture with Next Edge Capital Corp. (“Next Edge”) in 2015 to co-fund investments in accounts receivable, trade finance, and asset based lending transactions sourced by and through Liquid Capital’s Principal distribution channel and financed via the Next Edge Private Debt Fund (the “Next Edge Fund”).  The Next Edge Fund has now grown to approximately $50MM and will continue to grow as Liquid Capital continues to source quality transactions through its network of originators in Canada and the United States.

Co-founders of Lendified, Troy Wright and Kevin Clark are very pleased with the arrangements that have been put in place. “Lendified now has the capital it needs to grow the lending component of the company’s strategy,” says Troy Wright, CEO. “This financing marks the next step in the company’s strategy of moving the loan book to a position of strength and sustainment. The benefits of working with Liquid Capital on not only this financing but with a number of potential synergies for both parties makes this financing that much more appealing.” Kevin Clark, Lendified’s President notes the alignment with a number of companies within the financial services world under the umbrella of Next Edge makes this opportunity very strategic and presents a number of tremendous opportunities in the future for broader business development within the financial services world in Canada and beyond.

About Lendified:

Founded in early 2015, Lendified Holdings Inc. and its subsidiaries are engaged providing in a number of financial services products and related services within the small business eco-system through www.lendified.com and for offering a Software as a Service subscription model of their credit risk adjudication platform www.lendifiedplatform.com , used by third party financial services firms in the assessment of small business risk.

For more information, visit www.lendified.com

About Liquid Capital:

Since 1999, Liquid Capital Corporation has been operating in the factoring and trade finance business. Over that period of time, the company has processed well over $2 billion in accounts receivables and trade finance transactions through both its Canadian headquarters in Toronto and US headquarters in Dallas. The company also has a master franchise relationship inMexico. Through its 80+ franchised office network, the company locally originates, manages, and funds accounts receivables, asset based lending and trade finance transactions.  Further information can be found at www.liquidcapitalcorp.com.

About Next Edge Capital:

Next Edge was formed through a management spin out of the Canadian office of Man Investments Canada Corp. in 2014.

Next Edge searches the world for investment managers and strategies that aim to deliver robust risk-adjusted performance. The yields available today from traditional fixed income investments are at all-time lows. One area where there are still opportunities for significant yield generation with security is Private Lending. Next Edge’s first two offerings in this space – the Next Edge Private Debt Fund and the VPC Specialty Lending Trust seek to capitalize on this opportunity. For more than a decade, the Next Edge management team has provided access to unique strategies before they have become widely known. Further information can be found at www.nextedgecapital.com.

SOURCE Lendified Inc.

New Tampa Bay Area Entrepreneur Launches Company to Support Small Business Growth

TAMPA BAY, Fl. (August 9, 2016) – Mark Coyle announced the opening of his Bay Area Liquid Capital business, which offers alternative commercial funding for small and medium-sized businesses in the Bay Area. For smaller startup businesses in dramatic growth phases, and more established companies that may have had a trigger event like the need for manufacturing and equipment upgrades, the lending products from Bay Area Liquid Capital can be a saving grace.

“I connect with other entrepreneurs and business savvy individuals who need a partner. I don’t directly look for customers that are having cash flow issues, but as the need for working capital arises, the products available can help get clients through the next level of their business.”

With over 15 years experience in sales and 8 years in consumer packaged goods, Mr. Coyle understands the challenges faced by business owners. In addition, Mr. Coyle sees the Bay Area business network as a significant strength and benefit for his clients.

“As a member of the Greater Tampa Chamber of Commerce, the Manatee Chamber of Commerce, Commercial Finance Association, as well as groups like the Association for Corporate Growth, I’ve been widely connected to the great financial professional network. There’s a great crossover with membership, including commercial bankers, business consultants and CPAs who I can work with to help my clients find solutions to meet their cash flow requirements,” Mr. Coyle states.

Making the connections between the financial sector and business owners offers Mr. Coyle’s clients an advantage not possible with other alternative lenders.

“My referral partners have a high level of confidence dealing with me because I have my personal capital invested in the financing, which creates a more client-focused relationship. My clients aren’t underwritten, funded and then passed off. I work directly with each of my clients throughout the entirety of the relationship.”

“I strive to work with my partners and clients face-to-face. That’s an important part to know you’re dealing with someone who truly cares about your business success. Making connections with other entrepreneurs is valuable because we’re in it together and understand each other’s challenges. It really drives me to want to help them.”

This differentiates Mr. Coyle and his Bay Area Liquid Capital business from other competitors who may not have the same passion for mutual success. Growing his business in the Bay Area, Mr. Coyle also shows his appreciation for his community.

“Part of my personal belief is being socially responsible and giving back to the community. We have a large military base here and a large surplus of military men and women coming out of the service. As my company grows, I want to be able to offer those people a position within my company.”

About Liquid Capital

Liquid Capital is a full-service working capital and trade finance network and has been in operations since 1998. The Liquid Capital network has the largest geographic footprint of alternative funding professionals, with over 80 independently owned businesses across North America, offering clients a customized and flexible approach with local decision makers. We offer a complete range of solutions for all industries and provide immediate financing upon approval with no long-term contracts or hidden fees. At Liquid Capital, we help you grow your business.

To learn more about Bay Area Liquid Capital, please contact
Mark Coyle
Bay Area Liquid Capital
Saint Petersburg, FL 33702
Call: 727.329.6030
Mobile: 813.766.6790
mcoyle@liquidcapitalcorp.com

New Funding Solutions For RVA Business Community

RICHMOND, Va. (JULY 29, 2016) – Greg Lingo, founder of Liquid Capital RVA, announced the opening of his firm, which specializes in alternative financing solutions for small and medium-sized businesses.  Mr. Lingo sees the roadblocks that business owners in the Greater Richmond area face when they are unable to secure bank loans. By accessing much-needed working capital through commercial financing, these businesses can now kick-start their business growth.

“Our product portfolio is vast, and we tend to work from the inside out. We fit our lending products to the customer’s needs rather than forcing the customer to fit ours. We are not a bank and therefore are not constrained by traditional lending metrics such as credit scores, financial ratios and historical financial results.”

Mr. Lingo sees his 30 years of experience as an award-winning national sales professional at three Fortune 500 firms as key to helping his clients succeed in their business. “I understand the challenges faced by small businesses – whether they are experiencing rapid growth, a product launch, a restructuring or if they simply have a working capital shortage. Seeing a business grow and thrive as a result of your work is very fulfilling. Richmond has a growing new business ecosystem that has been compared to Silicon Valley. I want to support and help this local start-up community.”

Building partnerships and business relationships in the local community has been important to the entrepreneur, and Mr. Lingo acclaims local organizations for their advocacy. “The local Chambers of Commerce, in particular, are the most business savvy, well-organized groups I have been lucky to be a part of.  They have business mentors, networking sessions and I’ve met wonderful people from the business community.  It’s like nothing else I’ve seen.”

Partner and CFO, Diane Lingo, previously held the role of CFO with a technology and engineering firm that she helped grow from start-up to a publicly traded international enterprise. She explains how her extensive financial expertise can also benefit their customers. “Our business is incredibly similar to my past work experience, except now I’m on the other side of the desk. We evaluate each client’s balance sheet to identify funding options and provide hands-on support to clients at each step in the process.”

Mr. and Mrs. Lingo are creating a reputation for honesty and trust, and are looking forward to their future in the RVA business community for years to come. “We hope to have firmly established ourselves as the go-to financial service specialists in the business community. When a business owner is in need of financial assistance and support, we are excited to partner with them here at Liquid Capital RVA. We want to make a positive impact on their business.”

Southern Alberta’s Liquid Capital Corporate Solutions’ Innovative Approach, Helps Small To Medium Size Businesses Grow

COALDALE, AB (June 22, 2016) – Business owner Jim Craven today announced the opening of Liquid Capital Corporate Solutions in Coaldale, Alberta, near Lethbridge. The firm offers Southern Alberta business owners alternative financing services when they are unable to access traditional bank loans — a common issue facing many Alberta businesses.

“Every business, whether in early stages or in growth periods, needs a helping hand when access to cash flow is road-blocked by large, financial institutions. That’s where support from Liquid Capital can make a dramatic difference for small and medium-sized businesses in the area,” Mr. Craven said.

“Many entrepreneurs have been turned down by the banks and don’t know where to turn. We have solutions for them,” Mr. Craven explained. “When prospective clients discover that we are here to help and that they have reasonably priced funding options available to grow their business, they feel relieved,” he said.

Mr. Craven, who attended the University of Lethbridge, has been working in the area for many years and has deep roots in the community.

“I think that’s the difference with Liquid Capital – you’re not dealing with a faceless organization. You’re dealing with someone in your community who understands how to help build your business. We are part of the Southern Alberta business community and our number one goal is to help companies grow and thrive,” Mr. Craven said.

BNN Interview – Factoring: An Alternative To The Banks

Factoring is popular in the U.S. and overseas, but it’s not widely known in Canada. However, Robert Thompson-So, Vice-President, Chief Strategy Officer at Liquid Capital Corporation says “as banks continue to retrench from small and mid-sized markets,” factoring is a funding option that has a lot of growth potential in Canada, where Liquid Capital has more than 200 clients. He outlines how factoring works and how it can help companies meet their financing and operating needs.