Roseville, MN—January 11, 2021—Dedicated Commercial Recovery Inc. has now fed one million children. Through a three-year partnership with Feed My Starving Children (FMSC), Dedicated has now donated one million meals to children across the globe. Dedicated’s founder and CEO, Shawn Smith, hopes that the company’s philanthropic business practices will inspire others to incorporate similar practices into their own daily operations.
The one millionth meal marks a major milestone in the company’s mission to use debt collection as a force for good. Smith incorporated charitable giving into daily operations soon after the company’s 2015 inception. First, the company donated one meal for every account that was collected by Dedicated’s specialists. Soon after, the company expanded this goal to include one meal donated for every collections account that was placed with the company. Along the way, the company made seasonal and other donations.
Today, Dedicated donates 10 meals for every account that is placed by a client, 10 meals for every new arrangement that is negotiated by a collector, and 10 meals for each day that is worked by every non-collector on staff. Dedicated also sponsors FMSC’s Annual Gala and Pack at the Park events. In addition, Dedicated has integrated charitable giving into its Legal Path Program and its equipment finance services.
Of course, this approach to business doesn’t go without drawing its share of skepticism.
“Even in years where profit is down, I believe there is still space to give. There is always a way to live and operate generously. Do some people think I’m crazy? I’m sure of it,” says Smith. “But leading with our values has brought our company growth and employee excellence since day one.”
Smith explains that he intends to lead by generous example in an industry that is caricatured for its miserly and aggressive behavior.
“We’re using perhaps the most stereotyped industry in the world to demonstrate that any business–even a collections company–can be a force for good,” says Smith.
Dedicated employees, their families, and their friends volunteer with FMSC multiple times per year, packing the meals that will be shipped out to hungry children. And while one million meals is a huge milestone, the Dedicated team has their sights set on donating an additional 1 million meals within the next 12 months. To learn more about the Dedicated mission, visit dedicatedcri.com/mission.
About Dedicated Commercial Recovery Inc.
Dedicated Commercial Recovery is a financial services company, specializing in commercial collections, founded by Shawn Smith in 2015. The company has sustained partnerships with 12 different nonprofit organizations through volunteerism and charitable giving.
Shawn Smith created a model of philanthropy that leverages the resources of Dedicated Commercial Recovery to improve communities around the world, donating both money and time in order to help nonprofits achieve their missions. Smith and his wife, Stephanie, have focused their personal philanthropy on children’s health and well-being, education, hunger, and other social issues.
FOR IMMEDIATE RELEASE
A trusted Midwest Business Cash Advance, LOCs and Commercial Loan Broker with a portfolio Targeting $100K to $20MM Opportunities
Kansas City Metro Area / November 21st, 2020 – The Halcyon Group LLC (“Halcyon Capital”) announced today the launch of its Broker and ISO lending platform. Halcyon’s mission is to provide a white-gloved service and consultation to match underserved small-to-medium sized businesses (SMBs). Halcyon is here to help them unlock capital to grow and create jobs. Its financing solutions work for businesses nationwide, and in most industries.
About Halcyon Capital LLC
Provide fast and easy MCA, Term, LOC and Commercial Loan financing to small-to-medium sized businesses in the United States seeking $100,000 to $20 million to grow and scale their companies.
Halcyon is here to help SMBs navigate the challenges that all business owners face. They have over 30 years of experience at their side. Through a holistic approach they will review all possible funding solutions that match your business needs.
By utilizing Halcyon’s extensive lending partner platform, SMBs can dramatically increase their profitability, and ability to scale their businesses with credit facilities that can grow and become more flexible. Side by side as a compliment to their business.
PPP funding options are available as well to help ease the path associated with the nearly $300 billion in additional funding set to arrive in days. We have partnered with Lendver and Loan Source to give a streamlined tech platform. With this process it will allow business owners to take the burden off of them and remained focused on growing their business and keeping employees stable.
SMBs that need $100,000 to $20 million of asset backed or Commercial RE are often overlooked by traditional and alternative financing because the large, fixed costs of underwriting make economies of larger deal sizes important—creating a wall for smaller opportunities. Halcyon’s lender platform streamlines the application and approval process for these clients. Business owners will be able to utilize Halcyon’s lending platform to obtain financing in a fast, efficient and transparent way.
Alex Wigginton, who has significant experience in Merchant Cash Advances, Term Loans and Lines of Credit lending, will serve as Managing Partner and CEO of Halcyon. Alex Trigg, who has vast amount of experience in Commercial Real Estate, Equipment, SBA Loans and AR/Factoring, will serve as managing partner and COO of Halcyon.
Aspiria (www.aspiria.mx), a digital lender targeting underbanked small and medium enterprises (SMEs) in Mexico, has completed an important Series A funding round with participation from social impact investor and worldwide cooperative, Oikocredit.
The Series A closing also saw follow-on investments from Aspiria’s current shareholders. The proceeds from the capital round will strengthen Aspiria’s financial capability to support Mexican SMEs.
With its investment in Aspiria, Oikocredit continues its commitment to support SMEs in Latin America, as Oikocredit sees SMEs as playing an important role in areas such as job creation.
Aspiria began operations in 2015 and has lent thousands of loans throughout Mexico. The institution has leveraged digital technologies, data analytics and high-quality service to support the financial needs of Mexican SMEs.
Guillermo Hernandez, CEO and cofounder of Aspiria, commented: “At Aspiria we are very excited to have Oikocredit onboard. SMEs have faced big challenges due to the pandemic and are in need of great financial services. Oikocredit’s investment is an acknowledgement of the tremendous potential of the Mexican SME sector. We look forward to continuing to serve a multitude of SMEs and helping create thousands of jobs in the country”.
Rodrigo Villalta, Equity Officer at Oikocredit, said: “At Oikocredit, we are proud to become shareholders of an institution whose mission is to provide financial support to SMEs that have been typically excluded from the formal financial system”.
“Mexican SMEs are key contributors to employment generation and economic development. We are happy that we can contribute towards building stronger social impact in the country by supporting access to the formal financial system for Mexican SMEs.”
Aspiria works to increase access to capital to small businesses. Through our platform and the use of statistical credit origination models, we make it fast and simple for the small business owners who have been shunned by the traditional banking system, to obtain financing to continue growing their business.
For more information see: www.aspiria.mx
Social impact investor and worldwide cooperative Oikocredit has 45 years of experience funding organisations active in financial inclusion, agriculture and renewable energy.
Oikocredit’s loans, equity investments and capacity building aim to enable people on low incomes in Africa, Asia and Latin America to improve their living standards sustainably. Oikocredit finances close to 689 partners, with total outstanding capital of € 856 million (September 2020).
For more information see: http://www.oikocredit.coop
Note for editors
For more information or to request an interview, please contact Leyda Mar Blanco, Marketing Manager, Aspiria, firstname.lastname@example.org
Libertad 1966, Col Americana, Americana, 44160 Guadalajara, Jal., Mexico
Enova International announced the appointment of James J Lee to the position of Chief Accounting Officer. The new role went into effect on November 23rd.
Lee was previously the Controller of Life & Health of Kemper Corporation.
An Inventory and Purchase Order Lending Platform Targeting $500K to $10MM Opportunities
Bethesda, Maryland / November 30, 2020 – Black Olive Capital LLC (“Black Olive”) announced today the launch of its intelligent inventory and purchase order lending platform. Black Olive’s mission is to provide fast and easy inventory and purchase order financing to underserved small-to-medium sized businesses (SMBs) to help them unlock capital to grow and create jobs. Its financing solutions work for businesses nationwide, and in most industries.
By utilizing Black Olive’s intelligent inventory lending platform, SMBs can dramatically increase their liquidity, and ability to scale their businesses with credit facilities that can grow and become more flexible.
Black Olive will address the SMB niche that has been underserved for years. SMBs that need $500,000 to $10 million of liquidity based on inventory or purchase orders are often overlooked by traditional and alternative financing because the large, fixed costs of traditional underwriting make economies of larger deal sizes important—creating a barrier for smaller opportunities. Black Olive’s platform uses more efficient proprietary processes and technology to lower fixed costs and barriers and target $500,000 to $10 million opportunities.
Black Olive’s platform streamlines the application and approval process for SMB owners. SMBs will be able to utilize Black Olive’s lending platform to obtain financing in a fast, efficient and transparent way.
Carlos D. Gomez, who has significant experience in inventory, purchase order and asset-backed lending, will serve as co-founder and president of Black Olive. Mr. Gomez said, “Black Olive’s proprietary platform unlocks capital tied up in inventory and maximizes loan sizes. Through Black Olive’s purchase order financing program, we can help SMBs acquire the inventory needed to fulfill customer orders. Our proprietary processes and technology are available to most industries, ranging from e-commerce to retail to industrial.”
Black Olive’s platform was also specifically built to partner with accounts receivable (AR) factoring lenders, e-commerce lenders, asset backed lending (ABL) lenders, and traditional.
About Black Olive Capital LLC
Provide fast and easy inventory and purchase order financing to small-to-medium sized businesses in the United States seeking $500,000 to $10 million to grow and create jobs.
For more information about Black Olive go to www.blackolivecapital.com or contact Black Olive at email@example.com to learn more about its financing solutions.
Tel Aviv, Israel – November 25, 2020 – Become, the leading online platform for small and medium businesses to find and optimize their funding solutions, announced today it has released a new Shopify app offering ‘BeProfit’.
With the expansion of the ecommerce landscape in light of the coronavirus, Become noticed the need for a single intuitive dashboard that ecommerce sellers can use to track and manage their profit and expenses. With BeProfit, Shopify sellers across the globe can now trace their profits in real time and discover what areas of their business they can optimize to increase their bottom line.
“Creating BeProfit has been a big part of our ‘pivot strategy’ during COVID-19. Building a Shopify app is a totally new and exciting realm for Become,” said Eden Amirav, CEO and Co-founder of Become. “Although offbeat, BeProfit falls in line with our underlying mission – to create a better world of funding for businesses and essentially help business owners become more. Being more profitable is not only something all businesses aspire to achieve but it is also something that will make a business become more fundable down the line.”
With many e-commerce sellers struggling to calculate, map and understand their profits, BeProfit calculates and organizes everything for them in a process that takes a matter of minutes. The app enables sellers to know exactly how much they’re making and spending, and more importantly on what. The dashboard integrates with a number of external sources, such as shipping service providers, external marketing platforms, and payment processors. This results in both visual and dynamic financial reports that update in real-time.
Noam Sinansky, CEO and Co-founder of Spire Jewelry – one of BeProfit’s first users said it’s “the first app that really manages to put in order all the financial information of my store! The app helped me get rid of complicated excel files, it just displays the information in a convenient, simple, and accurate way.”
To learn more about BeProfit, visit apps.shopify.com/beprofit-profit-tracker
Become, is the leading online platform for SMBs to find and optimize their funding solutions. The company uses its proprietary technology to nurture each business throughout the funding cycle. Become is rapidly growing with near 200,000 loyal business owners registered through its platform. The company has built an ecosystem of more than 50 leading lenders and partners and has facilitated over $285 million in tailored business loans to date.
Become’s latest service is a Shopify App “BeProfit”, organizes complex data into an intuitive and interactive dashboard. Shopify sellers can easily track their profit and expenses to see which areas of their business needs improving in order to become more profitable.
Become is backed by Benson Oak Ventures, Magenta Venture, Viola Credit, RIO Ventures Holdings, Entrée Capital and iAngels. The company has offices in San Francisco and Tel Aviv. For more information, visit: become.co.
Over the past several months the state of the economy has been by no doubt uncertain. With unemployment hitting record highs and Coronavirus cases still on the rise, business owners all across the country have been faced with many difficult decisions regarding their livelihood.
Finding business financing options during these uncertain times can be challenging and risky to not only business owners, but the banks and lenders they choose to work with.
ROK Financial truly understands the uncertainty a business owner feels during these current times. Having derived themselves from a company split back in August, the team is helping other business owners just like them navigate these unchartered waters.
“We have been working tirelessly with our lenders and partners over the past several months discussing different ways we can continue to better service our clients.” Says CRO, Patrick Manning of ROK Financial “The relationships we have built over the years allows us to become quite versatile with our product offering, in turn allowing us to better serve our business owners. That is why we are extremely excited to announce our exclusive partnership with Doug Hood, SBA Loan Consultant LLC. This unique partnership opens up direct SBA access to clients for SBA products $350,000 and above.”
Doug Hood has been facilitating SBA Loans for more than 35 years, resulting in more than $20 million in SBA Loans distributed to business owners annually. Hood said he connected with ROK via LinkedIn, “I’m on Linkedin way more than I should be, we connected at 10 or 11 o’clock at night, and we hit it off.” Says Hood. Excited at the fact that ROK offers short term financing that Doug himself would now be able to leverage in addition to his SBA Loan offerings for his clients was a win-win.
Doug now sits as the official SBA Loan Consultant under the ROK Financial umbrella for deals $350,000 and above. This unique relationship provides greater opportunities for business owners from purchasing existing businesses, refinancing existing debt, starting a business and much more.
“The worlds of Fintech and SBA have collided for the greater good” says Manning, “streamlining and modernizing a once antiquated process, which eliminates the frustration that comes along with long-term lending.”
November 9, 2020, Bohemia, NY – National Business Capital & Services, the nation’s leading FinTech lending marketplace which streamlines the application and approval process for small business owners, today named Joe Camberato CEO. He succeeds James Webster, who has exited the company to pursue new endeavors.
The announcement comes as the COVID-19 crisis has crippled small businesses across America. Not only are business owners challenged with the overwhelming stress of meeting near-term financing demands simply to survive, but they are also tasked with re-imagining how to best position their businesses for growth in the post pandemic ‘new normal’.
“Through booming and challenging times, National’s priority has always been to serve as the go-to source for small businesses to find competitive financing options, revenue-generating services and consultative support to help them at every step of their growth journey,” said Camberato.
“When it comes to small business loan approvals, banks are highly conservative, tending to lend an umbrella when the sun is shining. With COVID-19, the sun is not shining. We recognize how crucial it is to provide access to competitive financing options to help businesses survive, but they also desperately need help to rebuild and grow.”
In a recent survey of small to mid-sized businesses by CBIZ, over half (51%) of respondents reported a significant decrease in sales due to the pandemic. Smaller businesses have been disproportionately impacted, with nearly half of businesses with 1-4 employees reporting a significant or severe impact, and 37% of businesses with 20-49 employees noting a significant or severe impact.
In taking reins as CEO, Camberato is steadfastly committed to National’s vision to Innovate the Way Entrepreneurs Grow by offering essential resources beyond just financing. His plans include enhanced business growth consulting and coaching offerings, which he anticipates will be a dire post-pandemic need, but is currently a significant gap across the competitive landscape.
Michael Gerber, a mega bestseller who was named “The World’s #1 Small Business Guru” by Inc. Magazine, commended National’s efforts toward empowering small business owners by providing streamlined access to capital, among other game-changing resources.
“I’ve admired Joe since the day we met. He shares my mission to transform the state of small business and has unmatched knowledge of small business lending practices. His personal success building a scalable business, and passion for helping entrepreneurs and small business owners invest their efforts in the right areas to create sustainable, growth-oriented companies have been invaluable as we work together to co-author our new book,” says Gerber.
Gerber is currently collaborating with Camberato to write “The E-Myth Money Book”, which will educate small business owners about the various avenues they can take to obtain and successfully utilize small business financing while growing their businesses.
As one of National’s original founders and previous President, Camberato spearheaded significant technological innovations, implemented process enhancements, and helped build an amazing company culture on his mission to simplify the previously laborious business financing process for small business owners, securing over $1 billion in financing in the process.
Now, business owners can apply in one simple place and securely connect their bank accounts to receive tailored financing options in minutes, with funding following in as little as a few hours.
Beyond streamlined technology and processes, Camberato credits National’s success to its award-winning team and applauds their role in helping business owners get back to business amid the pandemic.
“By taking the time to understand business owner challenges or opportunities, our amazing team has established the National brand as a trusted source of capital and counsel. I couldn’t be prouder of my team’s dedication to helping small business owners, but also for their significant role in helping our clients overcome the COVID-19 crisis and get back to business. They rally behind our mission to be the trusted resource business owners turn to for financing, revenue-generating services, and business coaching and will play a pivotal role as we add new offerings to help businesses not only survive but thrive and grow.”
Camberato regularly shares his insights about FinTech lending, access to capital and small business growth strategies through his seat on the Forbes Finance Council and his YouTube channel, GrowByJoe. He is also an active member of the Young Presidents Organization (YPO) and is actively involved in giving back, locally and nationally.
ABOUT NATIONAL BUSINESS CAPITAL & SERVICES
National Business Capital & Services is the #1 FinTech marketplace offering small business loans and services. Harnessing the power of smart technology and even smarter people, we’ve streamlined the approval process to secure over $1 billion in financing for small business owners to date.
Our expert Business Financing Advisors work within our 75+ Lender Marketplace in real time to give you easy access to the best low-interest SBA loans, short and long-term loans and business lines of credit, as well as a full suite of revenue-driving business services. We strengthen local communities one small business loan at a time. For every deal we fund, we donate 10 meals to Feeding America!
SOURCE National Business Capital & Services