TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
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It’s a Marathon, Not a Sprint
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It’s Not Too Late – Five Member Benefits to Cash In On Now
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It’s Time To Break Up With Your Phone
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
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How to be a Good Leader
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
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A Commercial Banker’s Tickler Transition Plan
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
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March 14, 2022
Source: PR Newswire
QUEENS, N.Y., March 14, 2022 /PRNewswire/ -- Specialty Capital, LLC, ("Specialty Capital"), a leading technology driven specialty finance company, has closed on a $10 million credit facility with a U.S. based, alternative credit asset manager. The facility will provide Specialty Capital with an initial borrowing capacity of $10 million to expand its funding capabilities, strengthen their ability to provide funding for small businesses, and grow their overall book of business. Specialty Capital intends to utilize the credit facility to scale up its partnership program, accelerate the growth of its small business funding platform, fund new originations, support its partners, and enhance their ability to take advantage of market opportunities. "We are excited about this investment in our company, and it speaks volumes of what we have accomplished in such a short span of time in an extremely competitive space," commented Boris Kalendarev, CEO of Specialty Capital.
"In this economic environment, small businesses need the right alternatives when it comes to deciding how to gain access to working capital for their businesses," said Boris Kalendarev. "In just 14 months of operation, we've seen an incredible appetite for working capital that's flexible, fast, and complimentary to traditional funding methods. Our mission is to automate the process for our referral partners and small business merchants in all touch points of the process. Our goal is to become the preferred source of Revenue Based Financing for small businesses across the continental United States.
Specialty Capital is also proud to announce the hiring of their new Chief Risk Officer, Natan Hayes. Hayes brings with him nearly a decade of experience working in the alternative finance space. Previously, Hayes served as the Director of Underwriting in Advantage Capital Funding and is thrilled to join the journey of Specialty Capital. "After nearly a decade underwriting in the FinTech space, I have seen massive growth in the market, and huge change in the competitive landscape. I am very excited to start this journey with Specialty Capital, as they have great leadership and a keen sense for how to succeed in an increasingly competitive and growing market," Hayes commented. "Natan, is a key addition to our growing team and we are delighted to have him on board. With him at the helm of our risk infrastructure, we will start working on developing other products that can enable small business owners to focus on what matters most" added Boris.
About Specialty Capital, LLC
Founded in 2020, Specialty Capital is a leading U.S. specialty finance company serving small- and medium-sized businesses. Specialty Capital was founded to fill a major need - financial support for small businesses. For more information about Specialty Capital, visit https://www.specialtycapital.com.
