SAN DIEGO and NEW YORK, Sept. 19, 2017 /PRNewswire/ -- San Diego-based Reliant Funding and New York-based Merchants Capital Access are now joined as one under the Reliant Funding name.
Both companies were founded in 2008, offering working capital for small and mid-sized businesses (SMB) nationwide. Each focused on making the funding experience fast and simple for the business owner, with a focus on customer service, easy application process, high approval rates and longevity of relationships.
Reliant Funding quickly established itself as a prominent source of funding, creating relationships with SMB owners nationwide while providing access to hundreds of millions of dollars. Merchants Capital Access focused on the wholesale side of the industry, providing back-end infrastructure and support, directly funding thousands of American businesses. With these complementary strengths, the combined entity will continue to offer reliable, relationship-based funding to small and medium-sized businesses nationwide under the Reliant Funding brand.
"Small business owners are a powerful sector and we want to give them the utmost confidence in the alternative finance industry. We can now do everything from start to finish in-house, providing them access to an ongoing funding relationship with one call," says Adam Stettner, Founder and CEO of Reliant Funding.
Four Facts about Reliant Funding
- Reliant Funding's business model provides access to capital for businesses that traditional banking typically does not serve. With innovative pricing and cutting-edge risk management, it gives businesses the fuel they need to penetrate their market and grow. Reliant is constantly working to tailor programs to serve clients. "Business owners tell us daily that the relationships we've established with them are special among our industry. That remains Reliant's number one priority and the merger will only strengthen that commitment," stated Paul Norman, CFO at Reliant Funding.
- Since its founding, Reliant has funded businesses over thirty thousand times, providing over $900 million in working capital to America's small businesses.
- Reliant Funding speaks directly with thousands of American small and medium sized businesses each month and services thousands more. The focus is always on the individual client, their business story and meeting their needs.
- Reliant Funding's Wholesale Division currently works with hundreds of partners, providing them with funding for their clients as if those clients were directly originated in-house. The key is a commitment to strategic alliances, ensuring the relationship lasts longer than a single transaction. It's just one aspect of many which sets Reliant Funding apart from the competition.
"Reliant Funding will continue to evolve our product, process and technology to deliver the best possible experience for our clients," said Travis Mottet, VP of Strategic Planning.
About Reliant Funding
Headquartered in San Diego with offices in Melville, N.Y. and New York City, Reliant Funding provides customized, short-term funding to small and mid-sized businesses nationwide. Recognized for five consecutive years by Inc. Magazine among the 5000 fastest-growing privately held companies in America, they offer high approval rates with first class customer service and timely assistance to help achieve clients' business goals. For more information please visit: https://www.reliantfunding.com/.
SOURCE Reliant Funding