First. For the Vaccinated: NANO SOMA* The credit facility was structured by CoreFund Capital with a wholly-owned subsidiary of a publicly traded company through an amended secured accounts receivable facility. Field is required! Download the FreightWaves app for unlimited access to news and insights (Android & iOS Available) Your E-mail Address. CoreFund Capital LLC is a premier provider of financial services, specializing in business financing through. The factoring company, Corefund Capital (Corefund) has ceased operations. Glassdoor gives you an inside look at what it's like to work at CoreFund Capital, including salaries, reviews, office photos, and more. CoreFund Capital understands the importance of strong relationships. Harris has 20 years of experience in the factoring industry, working in general factoring early in her career and specializing in transportation factoring for the past 17 years. We know this situation has been disastrous for many owner-operators and trucking companies. News. Currencies. CoreFund Capital LLC is located at 1880 Santa Fe Dr #400, # 400 in Weatherford, Texas 76086. The initial credit line provided to the client on May 31 was increased from $12 million to $25 million on Nov. 2 to provide the necessary availability to support the ongoing . Verification can help ensure real people write reviews about real companies. Well as a truck an owner operator we all have challenges. Send us a message on Facebook. DrayNow Evan Noll - Director of MarketingEmail:[emailprotected], CoreFund CapitalNicolette Cohen -Marketing Administrator[emailprotected], Cision Distribution 888-776-0942 CoreFund Capital LLC, an invoice factoring company, provides business and cash flow solutions through full service invoice factoring. Scott Coffey. CoreFund Capital, which is based in Texas, suddenly closed its doors late last month and fired all of its staff amid a legal dispute between two brothers involved in the companys ownership. We have been with them for about three years and have never had a hurdle we could not get over together. CoreFund Capital, LLC Appoints Bonnie Castillo New President - Read online for free. Factoring Service in Weatherford, TX. The world has enough supply chain problems as it is. All content is posted anonymously by employees working at CoreFund Capital. CoreFund Capital | Weatherford TX Harris has 20 years of experience in the factoring industry, working in general factoring early in her career and specializing in transportation factoring for the past 17 years. Date of experience: November 08, 2019. She said CoreFund plans to release the carriers that want to find a new factoring company, but it could be risky for those companies that are already factoring CoreFund truckers accounts receivable. I do not know what we would do with out COREFUND CAPITAL.THANK YOU THANK YOU THANK YOU. Treasuries. Its unclear why Jacob Sacks created the new trust. Receiver works to get truckers paid after CoreFund Capital's abrupt closure. Should you issue payment directly to the motor carrier? This is especially important given that I also have a family and lots of responsibility. The number of employees is growing faster than the industry average. Lots of of small-business truckers who use CoreFund Capital to issue their accounts receivable are struggling to remain afloat after the Weatherford, Texas-based firm abruptly closed its doorways 10 days in the past and fired its total workers over a authorized spat between two brothers. They invest between 50.000 and 150.000 in technology-driven B2B startups in pre-seed and early seed rounds. 2022 Trustpilot, Inc. All rights reserved. CoreFund is the only factoring company that has truly shaped their services, operations, and technology to fulfill their clients' needs. 41 others named Todd Waller are on LinkedIn . 900, Dallas, TX 75201-3136. Learn more about CoreFund Capital with in-depth company details, verified client reviews and portfolios. Find company research, competitor information, contact details & financial data for Corefund Capital LLC of Weatherford, TX. Neutralizing the Spike Protein: Shikimic Acid*. People who write reviews have ownership to edit or delete them at any time, and theyll be displayed as long as an account is active. Want to share news with us? Last updated: Oct 23, 2022 Powered by IT Spend by Aberdeen This year, CoreFund Capital is projected to spend $222.1K on IT, according to Aberdeen. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. You can read our entire affiliate disclaimer here. Harris is experienced in a range of factoring operations. Download the FreightWaves app for unlimited access to news and insights (Android & iOS Available) Your E-mail Address. Corefund Capital Profile and History . Subscribe and get full access to Ground News. Read our Pledge HERE. Return Policy Everyone trying to call their account representatives or the general phone number were left getting only voicemails or "mailbox full" notifications. He warned factoring companies to be cautious if they decided to fund truckers because of the UCC liens and the notice of assignments that are still in place with CoreFund. Click a Banner Below to Get Started, ~Everything on this site should be considered as entertainment ONLY, nothing else!~. Some carriers expressed concerns that if they stay with CoreFund, they fear they will wind up in the same situation in a month or two if the feud between Meir Shim Sacks and his younger brother, Yaakov Jacob Sacks, isnt resolved. DrayNow & CoreFund Capital Announce Partnership. Field is required! Court-appointed receiver Timothy Hassenger is working on getting hundreds of truckers' accounts receivable paid nearly three weeks after a legal feud between brothers regarding the assets of a family trust led to the abrupt shutdown and firing of all employees at CoreFund Capital, a Texas-based factoring company. Previously, Bonnie was the Business Development Officer at Anson ia Credit Data and also held positions at Apex Capital Corp, Orange Commercial Credit, eCapital, CompuNet Credit Services. Great great service!!! I feel for these guys because many are living load to load right now, but we legally cant pay the carriers directly because we have to pay CoreFund first.. If you purchase something from these links we or the owners of those links COULD get paid for that. Apply Now! Read More . Melissa Harris joined CoreFund Capital as vice president. Court-appointed receiver Timothy Hassenger is working on getting hundreds of truckers accounts receivable paid nearly three weeks after a legal feud between brothers regarding the assets of a family trust led to the abrupt shutdown and firing of all employees at CoreFund Capital, a Texas-based factoring company. A review of court records in Pennsylvania, where both brothers live, shows that Jacob Sacks and his company, Sacks Medical Corp., pleaded guilty in federal court to money laundering and violating federal drug laws in February 2010. Nov. 16, 2020, 08:44 AM WEATHERFORD, Texas, Nov. 16, 2020 /PRNewswire/ -- CoreFund Capital, LLC ("Core") has recently facilitated an increase to the credit facility for Innocap, Inc. (the. In an email to FreightWaves, Buckalew said CoreFund is solvent and plans to stay open after the truckers get paid. Freightalent Marketing Solutions support the Freight, Forwarding, Shipping, Logistics & Recruitment industry with specialist, custom built web design packages, graphic design, social media management, and industry specific email marketing campaigns to boost inbound sales. We just need them to be allowed to do so.. No tricks or hidden fees. CoreFund Capital's services include: Non-recourse factoring programs Same-day payments Full advance programs Enter Your Credentials. Well as a truck that an owner operator we have challenges. 28931 Followers. Factoring companies purchase outstanding invoices from companies with slower-paying customers to provide them with immediate cash flow. Receiver works to get truckers paid after CoreFund Capital's abrupt closure . They are flexible and progressive in their approach to provide the absolute best service, whether their client has one or 1,000 trucks. CoreFund Capital, LLC, a subsidiary of GMA Factor, LLC, provides cash flow solutions to the Transportation . They maintain that they are legally and physically unable to release funds or send release letters, however. Freight factoring is used by many drivers and is intended to provide upfront capital to run their businesses. This partnership aims to provide the best solutions to these questions for truckers everywhere. Also, this website is a participant in the Amazon Services LLC Associates Program. Our commitment is to our clients by providing them with the cash flow solutions they need using a customized approach and a level of care and service they deserve. Source: freightwaves - Receiver works to get truckers paid after CoreFund Capitals abrupt closure CoreFund Capital Hires Harris as Vice President. | Summary by Ground News Hundreds of small-business truckers who use CoreFund Capital to factor their accounts receivable are struggling to stay afloat. By: Latest Press Releases from Newswire.com. Two things are constantly on the mind of a truck driver: where can I find freight, and how do I get paid? Our staff is hurting and struggling with this as we were completely blindsided, he wrote. Our international talent and recruitment services cover permanent positions across sales, operations and back office support roles. In response to courtroom paperwork, Shim Sacks based CoreFund Capital in 2014. COA and Hemp Information. Any income made by this site is reinvested back into STN. Jason Medley, partner with law firm Spencer Fane in its Houston office, is representing more than 100 trucking companies that were affected by the CoreFund shutdown. It has been a pleasure working with Judy Bustos. Our commitment is to our clients by providing them with the cash flow solutions they need using a customized approach and a level of care and service they deserve. Design by, Small Fleet recap: How SONAR data can help position carriers into better markets, CubeSats rideshare to space featuring NASA, DOE numbers show big divergence between national, East Coast diesel prices, Q1 rail earnings preview: Service metrics, headcount, macro uncertainties, FreightWaves Classics/Pioneers: Col. John Stevens impacted steamboats, railroads, patents and more, CPGs still consider freight costs to be headwinds, Receiver works to get truckers paid after CoreFund Capitals abrupt closure, Carriers unable to pay drivers, buy fuel after CoreFund Capital closes. Carriers get the flexibility of choosing their own loads and hauling locally to make money and get home every night. Sep 2014 - Present8 years 3 months. Truckers were hit with a double whammy after CoreFund went dark in mid-July and no one was in the office to release them from the UCC-1 (Uniform Commercial Code) liens filed by the factoring company against the carriers assets. DrayNow carriers can utilize CoreFund Capital as a quality factoring partner while CoreFund clients can sign up for DrayNow's hassle-free freight marketplace. CoreFund Capital | 229 followers on LinkedIn. Business Overview. Get the App. (Recommended). President. WEATHERFORD, Texas, Nov. 16, 2020 /PRNewswire/ -- CoreFund Capital, LLC ("Core") has recently facilitated an increase to the credit facility for Innocap, Inc. (the "Company"), a global. We use dedicated people and clever technology to safeguard our platform. . CoreFund Capital LLC has a strong market share in their industry. The Weatherford, Texas-based company abruptly closed its doors 10 days ago and fired its entire staff over a legal spat between two brothers. Aug 11, 2019. CoreFund capital has definitely made my opinion change and to be honest I never think twice about getting my money the day promised. With a commitment to clients and a customized approach, CoreFund combines their cash flow solutions with a superior level of care and service. Another core objective was to offer the first all-inclusive fee program allowing clients clear insight into their factoring fees. I truly can't be more thankful to this company and it's staff for doing everything they say they will do. CoreFund is a completely owned subsidiary of GMA Fund LLC, the holding firm for the Shim Sacks Household Legacy Belief, which he created in October 2014. Company: User ID: Password: v4.5.0.1811 Best viewed in Explorer 9.x and above, Firefox 35.x and above, Chrome 50.x and above. The company's filing status is listed as In Existence and its File Number is 0802063383. Freightalent International Ltd 2018 - 2022 | Website Led by industry veterans, the company is rapidly disrupting the logistics industry by solving the first and last mile problem, starting with the intermodal freight segment. Corefund Capital LLC filed as a Domestic Limited Liability Company (LLC) in the State of Texas on Friday, September 12, 2014 and is approximately eight years old, as recorded in documents filed with Texas Secretary of State. Judy Bustos is the best!, when it comes to customer service she goes above and beyond. We have worked with Francisco for the past few years and have never had a problem. CoreFund Capital LLC, an invoice factoring company, provides business and cash flow solutions through full service invoice factoring. Bank accounts were empty, computer systems locked, and phones were disconnected. They also needed a revocation of a notice of assignment that is sent to the truckers customers instructing them to make a payment to CoreFund, which in turn pays them. The company's . January 27, 2021 at 10:00 AM EST. About Us Trucker News . With a commitment to clients and a customized approach, CoreFund combines their cash flow solutions with a superior level of care and service. Let's Break the Censorship Together, Opt in and Spread the Word! GMA Funding LLC, a global leader in factoring and alternative commercial finance, announced that the board of directors have selected James Rothman as Chief Executive Officer of GMA Factor and its operating units GMA USA and CoreFund Capital. By: Latest Press Releases from Newswire.com. I have always been able to call in and she will answer any and all questions to the best of her knowledge. . This has left their clients scrambling to cover costs. This is a moving target for sure, Medley said in an email to FreightWaves. Buckalew was hired to work with CoreFunds communications team and the receiver to address carriers concerns. 4. Contact Us Today! And there are tons of great factoring companies that are ready, willing and able to pick up the pieces. Business Development Officer at CoreFund Capital Santa Ana, CA. Get Cool Gear & Fund STN Try them first! See BBB rating, reviews, complaints, request a quote & more. Very honest and straightforward people over there. I can go on and on but Ithink you get the message. With each companies' customers being truck drivers, both services go hand-in-hand with one another. "We're very happy to work on this cross-promotion initiative with CoreFund Capital and have already found a great partner in them," says Evan Noll, Director of Marketing for DrayNow. GMA Funding LLC, a global leader in factoring and alternative commercial finance, announced that the board of directors have selected James Rothman as Chief Executive Officer of GMA Factor and its operating units GMA USA and CoreFund Capital. 76045 Fans. Hundreds of small-business truckers who use CoreFund Capital to factor their accounts receivable are struggling to stay afloat. UNLOCK PREMIUM DATA WITH DATABOOST I love Corefund Capital. Small business truckers who rely on CoreFund Capital for factoring their accounts receivable are now struggling to stay in business following the abrupt closure of the company.Factoring companies purchase outstanding invoices from companies with slower-paying customers to provide them with immediate cash flow. Corefund Capital LLC Overview. A court-appointed receiver is working to get hundreds of truckers' accounts receivable paid nearly three weeks after a legal feud between brothers led to the abrupt shutdown of CoreFund Capital, a Texas-based factoring company. Factoring companies purchase outstanding invoices from companies with slower-paying customers to provide them with immediate cash flow. If you're looking for a new factoring service and you're coming from CoreFund, give us a call +1 (410) 204 2084. Corefund Capital is a small-sized business with medium revenue, that is new in . Last week, a District Judge in Parker County, Texas, Graham Quisenberry, appointed a receiver acting on behalf of CoreFund in the hopes of helping truckers to access their funds faster. CoreFund is dedicated to our clients and provides loyal service so you can focus on your business and keep your word to your clients! This is the CoreFund Capital company profile. I was never a lover of factoring companies because they promise and never deliver. Strengths. CoreFund capital has definitely made my opinion change and to be honest I never think twice about getting my money the day promised. CoreFund Capital is the premier full-service freight bill factoring company in the USA. That is an unusual asset in business today. I truly cant be more thankful to this company and its staff for doing everything they say they will do. Small business truckers who rely on CoreFund Capital for factoring their accounts receivable are now struggling to stay in business following the abrupt closure of the company. After several communications with their team, we are allowing the receivers staff and the CoreFund staff (many of whom we are told returned to work under the pending receivership) to have time to access the computer systems and review the list of our carriers, which number slightly above 100 at the moment.. Receiver works to get truckers paid after CoreFund Capital's abrupt closure . Shared with Public Being thankful not only shows good manners, but a simple expression of thankfulness can go a long way in relationships and communication with others. Enjoy. Do to this companies and their loyalty to us, we were able to get back to work. Money flow is the biggest concern for all of us. On July 18, a temporary restraining order and injunction were filed on behalf of CoreFund LLC. May 19 DrayNow, the first real-time intermodal marketplace, and CoreFund Capital, a full-service freight bill factoring company, are excited to announce a new marketing partnership. At the heart of the CoreFund Capital shutdown is a feud between CoreFund Capital founder Meir Sacks and his brother, Yaakov, and is related to a family trust. In light of this, we are reaching out to provide clarification and tips on what you need to know. We hope you dont mind as its expensive to pay for bandwidth and time to do this. Corefund Capital Discussion in 'Ask An Owner Operator' started by Judge, Aug 3, 2022. 1-877-381-0004 Business And Commercial Financing CoreFund, Inc. offers highly personalized service and help cut through the red tape that is often involved in securing business loans from banks and other lending institutions. They treat you like family everyone know your name and if you have any problems you can talk with upper management immediately. Photo credit: Jim Allen/FreightWaves. from 8 AM - 9 PM ET. First Momentum Ventures as a "first money in"-investor, they help your startup to gain its first momentum by backing you with a first investment as well as world-class mentoring, a strong community, and the required know-how. Hundreds of small-business truckers who use CoreFund Capital to factor their accounts receivable are struggling to stay afloat after the Weatherford, Texas-based company abruptly closed its doors 10 days ago and fired its entire staff over a legal spat between two brothers. You can expect full transparency, professionalism, and decades of combined industry experience when you trust your factoring to CoreFund! Notice: There are affiliate links present on this website, both from the control of Survive the News and from other websites that we do not control. May 7. International. BBB accredited since 5/8/2018. Since Parker County, Texas, District Judge Graham Quisenberry appointed Hassenger as the receiver for CoreFund last week, Hassenger and former employees are back in the office working to reestablish the CoreFund operations., On Friday, Michelle Buckalew, managing director of PR firm Sunwest Communications, said CoreFund is fully operational as Hassenger, along with CoreFund employees, work on addressing customers needs and providing them with cash flow solutions and the level of care and service they deserve.. Until CoreFund releases Uniform Commercial Code liens that were filed by the factoring company against the assets of carriers, truckers will be unable to get relief. They answer questions and handle our business promptly in a professional and courteous manner. The services they provide is impeccable. Page 1 of 2 1 2 . Get unlimited access to our best features. Free and open company data on Texas (US) company CoreFund Capital LLC (company number 0802063383), 1193 BEECHWOOD BLVD, PITTSBURGH, PA, 15206 CoreFund is a wholly owned subsidiary of GMA Fund LLC, the holding company for the Shim Sacks Family Legacy Trust, which he created in October 2014. Labeled Verified, theyre about genuine experiences.Learn more about other kinds of reviews. Bonnie Castillo is the President at Corefund Capital based in Weatherford, Texas. Get Awesome Patriot Gear Today! The receiver stated the goal is to have this done by the end of this week, Friday 8/5/22. However, as a large group of truckers recently learned, freight factoring is not without its risks. Editor: Clarissa Hawes. We just need the folks behind the wheel to get released so they can haul loads and get paid, Medley told FreightWaves. Our commitment is to our clients by providing them with the cash flow solutions they need using a customized approach and a level of care and service they deserve. CoreFund Capitals former business development officer Todd Waller, who was among the staff members fired, released a statement on LinkedIn about the lawsuit and its effects on small business truckers.
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