Get the App. Complicating matters is a lack of communication from CoreFund executives and a failure to follow procedures that would enable other brokerages and factoring companies to help the affected truckers. 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 company's ownership. 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. Apply Now! By: Latest Press Releases from Newswire.com. "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. 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. Get unlimited access to our best features. John J. Jerue Truck Brokers Director of Operations, Tony Ginevra, explained to Freight Waves that he cannot pay carriers who factor receivables through CoreFund. Patrick Rusniak. Let's Break the Censorship Together, Opt in and Spread the Word! CoreFund Capital LLC can be contacted via phone at (800) 405-5464 for pricing, hours and directions. Its unclear why Jacob Sacks created the new trust. In a status hearing via videoconference on Wednesday with factoring companies, as well as attorneys and truckers, Medley said carriers just want to get back to work even if that means leaving CoreFund for another factoring company. DrayNow carriers can utilize CoreFund Capital as a quality factoring partner while CoreFund clients can sign up for DrayNow's hassle-free freight marketplace. Harris is experienced in a range of factoring operations. Hundreds of small-business truckers who use CoreFund Capital to factor their accounts receivable are struggling to stay afloat. In response to courtroom paperwork, Shim Sacks based CoreFund Capital in 2014. NOTICE: This site is purely a religious organization, anything that seems like political or health based discussion is simply our religious doctrine and beliefs. Read About All Possible Detoxing Options HERE. Two things are constantly on the mind of a truck driver: where can I find freight, and how do I get paid? 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. Source: freightwaves - Receiver works to get truckers paid after CoreFund Capitals abrupt closure 4. 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.. President. Sponsored. Download the FreightWaves app for unlimited access to news and insights (Android & iOS Available) Your E-mail Address. 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. CoreFund is a member in good standing with the International Here are 8 tips for writing great reviews. CoreFunds UCC statements are still in place, and any factoring company that makes a loan is in a second lien position, she told FreightWaves. They answer questions and handle our business promptly in a professional and courteous manner. CoreFund is the only factoring company that has truly shaped their services, operations, and technology to fulfill their clients' needs. Scott Christiansen is the managing director for SafeWater Capital, the company overseeing the receivership for CoreFund.According to Christiansen, all of CoreFund's employees have returned to the office and business operations and procedures for the factoring firm have returned to normal. Get in touch with one of our factoring specialists today! Get the latest business insights from Dun & Bradstreet. | CoreFund Capital LLC is a premier provider of financial services, specializing in business financing through invoice factoring services. 29003 Followers. Photo credit: Jim Allen/FreightWaves. 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. Learn more about each company on DrayNow.comand CoreFundCapital.com. For the Vaccinated: NANO SOMA* 150 Studies Proving the Ineffectiveness and Harm of Wearing Masks, read them HERE. If you purchase something from these links we or the owners of those links COULD get paid for that. more CoreFund Capital LLC is a premier provider of financial services, specializing in business financing through invoice factoring services. This provides a frictionless way to get truck capacity from drivers. Business Development Officer at CoreFund Capital Santa Ana, CA. CoreFund offers same-day factoring to trucking companies throughout the nation to help clients who need access to funds to make their payroll, purchase fuel or inventory, or fulfill orders. Corefund has gone above and beyond to help Odyssey Logistics manage our cash flow. CoreFund is dedicated to our clients and provides loyal service so you can focus on your business and keep your word to your clients! Cash flow is the biggest worry for all of us . Field is required! Page 1 of 2 1 2 . Field is required! In an email to FreightWaves, Buckalew said CoreFund is solvent and plans to stay open after the truckers get paid. 28931 Followers. Buckalew was hired to work with CoreFunds communications team and the receiver to address carriers concerns. Return Policy Glassdoor gives you an inside look at what it's like to work at CoreFund Capital, including salaries, reviews, office photos, and more. 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. Everyone trying to call their account representatives or the general phone number were left getting only voicemails or "mailbox full" notifications. 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. They deliver factoring services as promised and provide exemplary customer service. Follow Us. I was never a fan of factoring companies simply because they all promise and never deliver. (Recommended). While the old trust only named Shim Sacks children as beneficiaries, the new trust lists both brothers children as beneficiaries. 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. News. Also, this website is a participant in the Amazon Services LLC Associates Program. May 7. In light of this, we are reaching out to provide clarification and tips on what you need to know. CONSHOHOCKEN, Pa., Jan. 27, 2021 /PRNewswire/ -- DrayNow, the first real-time intermodal marketplace, and CoreFund Capital, a premier full-service freight bill factoring company, are excited to announce a new marketing partnership. Contact Us Today! 900, Dallas, TX 75201-3136. Treasuries. As a part of the unique belief, Shim Sacks granted particular energy of appointment to Jacob Sacks. Corefund Capital is a small-sized business with medium revenue, that is new in . They are flexible and progressive in their approach to provide the absolute best service, whether their client has one or 1,000 trucks. 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. . Money flow is the biggest concern for all of us. Treasuries. CoreFund is described as simple, transparent, and reliable, customers say they always deliver funds quickly and give services at a class-leading pace. CoreFund Capital employees are showing high interest in Password Reset , Password Protection , and Passwordless Identity, according to Bombora. Aug 11, 2019. Snc Transport Inc Ive been doing business with Corefund for four years now. Receiver works to get truckers paid after CoreFund Capital's abrupt closure. Freightalent International Ltd 2018 - 2022 | Website With a commitment to clients and a customized approach, CoreFund combines their cash flow solutions with a superior level of care and service. Labeled Verified, theyre about genuine experiences.Learn more about other kinds of reviews. Two things are constantly on the mind of a truck driver: where can I find freight, and how do I get paid? About Us Trucker News . 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. Factoring companies purchase outstanding invoices from companies with slower-paying customers to provide them with immediate cash flow. We hope you dont mind as its expensive to pay for bandwidth and time to do this. Facebook: CoreFund Capital On July 18, drivers and businesses were shell-shocked to learn CoreFund had shut down, locked everything down, and went off the scope. They maintain that they are legally and physically unable to release funds or send release letters, however. 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. Legal Name CoreFund Capital, LLC Company Type For Profit Contact Email info@corefundcapital.com Phone Number 800-405-5464 Lists Featuring This Company Texas Companies With Less Than $10M in Revenue (Top 10K) 9,966 Number of Organizations $44B Total Funding Amount 4,872 Number of Investors Track Very honest and straightforward people over there. That is an unusual asset in business today. A judge appointed a receiver on behalf of CoreFund, which may help truckers gain access to funds more quickly. Get Cool Gear & Fund STN (Natural News) Shim Sacks did not respond to FreightWaves request seeking comment. It not only enhances our own lives, but makes other people feel appreciated, CoreFund Capital LLC. 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. Want to share news with us? Privacy Policy Hundreds of small business truckers depend on their services to stay afloat. DrayNow & CoreFund Capital Announce Partnership. Dallas/Fort Worth Area. ***BEWARE ***I want to share critical information andtherefore, you may make your final decisionprior to signing on with this companyFirst, do your research on this company, go totheir BBB and read up on this company,hopefully it should be updated if not checkback and also do research on members.Google they have so much information.regret not doing, but I hope you willSecond, I want you to read two articles one by Landline (Landline media factoring companys), and Freightwaves (Freightwaves news carriers) I couldnt attach links.Lastly, MANY SMALL BUSINESSES recentlywere affected by the ignorance, selfish, greed,and unethical actions of this company's Owner(s). We use dedicated people and clever technology to safeguard our platform. 24 were here. Get Awesome Patriot Gear Today! Our international talent and recruitment services cover permanent positions across sales, operations and back office support roles. 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. Anyone can write a Trustpilot review. The factoring company, Corefund Capital (Corefund) has ceased operations. The company's filing status is listed as In Existence and its File Number is 0802063383. 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. Should you issue payment directly to the motor carrier? They invest between 50.000 and 150.000 in technology-driven B2B startups in pre-seed and early seed rounds. When typing in this field, a list of search results will appear and be automatically updated as you type. CoreFund Capital LLC is a premier provider of financial services, specializing in business financing through. Although the companys executives have not released any statements about its future, some former employees who have access to the CoreFund Facebook account have been updating it in response to comments from panicked trucking customers. I was never a lover of factoring companies because they promise and never deliver. NOTICE: This site is purely a religious organization, anything that seems like political or health based discussion is simply our religious doctrine and beliefs. 76045 Fans. In the marketplace model, brokers connect their freight with motor carriers, a previously untapped source of capacity for intermodal. Judy Bustos is the best!, when it comes to customer service she goes above and beyond. 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. This has left their clients scrambling to cover costs.
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