CoreFund is the only factoring company that has truly shaped their services, operations, and technology to fulfill their clients' needs. The petition states that this is because of a , between the parties who control CoreFunds holding company and trust (Wakefield and Sacks). 3040 Post Oak Blvd., Suite 1300 | Houston, TX 77056-6560 Unless the assignee complies, the account debtor may discharge its obligation by paying the assignor, even if the account debtor has received a notification under subsection (a). WebFinancial Services. 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. PERSONS ENTITLED TO FILE A RECORD. Our credit checks are instant through our online portal. Required fields are marked *. When you work with Provident Commercial Finance, you get more than just a financial relationship you get a consultative relationship as well, meaning you can get advice on factoring that can help you grow your business. googletag.cmd.push(function() { 
A recipient of a request under Section 9-210 which never claimed an interest in the collateral or obligations that are the subject of a request under that section has a reasonable excuse for failure to comply with the request within the meaning of this subsection. 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. He currently represents about 50 trucking companies stonewalled by CoreFund and said the number is climbing every minute.. (d) [Person entitled to file certain amendments.]. Founders Meir Sacks. Operating Status Active. We want to be transparent. If CoreFund does not comply and does not send an NOA upon request, the debtor may discharge its obligation to pay CoreFund and may pay whomever they wish, even if CoreFund send an original NOA some time prior. As we said from the beginning, we stand with the great staff that made CoreFund the success it was. Were hoping the receiver thats appointed will be able to get them released from CoreFund because until then, we cant help them.. It also names CoreFunds longtime president, Bonnie Castillo, as the sole manager of CoreFund. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile. They provide factoring services for these industries: transportation; oil & gas; distribution; manufacturing; staffing; and technology. Provident Commercial Finance services include: The biggest issue with Provident Commercial Finance is the lack of information available about their services and rates. WebCoreFund Capital LLC is a premier provider of financial services, specializing in business financing through invoice factoring services. Tony Ginevra, director of operations for Florida-based John J. Jerue Truck Broker, works with a network of 50,000 trucking companies, including 140 carriers in his database that factor their receivables through CoreFund Capital. If youre looking for a new factoring service and youre coming from CoreFund, give us a call +1 (410) 204 2084. See the below communication from Attorney Jason Medleys office for anyone interested in hiring him for this. If you do not have this, Jason can pull it for you. Because CoreFund is closed and is not replying to any request, it is reasonable to assume they will also not be sending NOAs upon request either this possibly allowing brokers to send payments elsewhere since they do not have a current NOA as requested. Legal Name CoreFund Capital, LLC. The receiver has the ability to act for CoreFund, meaning issuing releases, etc. As part of the original trust, Shim Sacks granted special power of appointment to Jacob Sacks. Non-recourse solutions sometimes come with higher fees in exchange for the factoring companys added risk, and this may not be an issue for every business. The law firm representing him and CoreFund, Warren Fonville of Fort Worth, Texas, did not respond to FreightWaves request seeking comment. In order to make the process a little easier, DAT has reached out to several experts to get their feedback on the best factoring companies for truckers. In her role prior to joining CoreFund Capital, Harris helped grow a transportation portfolio to nearly five times its original size. WebSuite 900, Dallas, TX 75243. A restraining order can also be requested to stop CoreFund from enforcing contract terms or penalties they believe they can asses if you proceed on your own without them with another Factor, etc. Sort. 
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