Platinum Funding Group Expands To West Coast With A New Office In Los Angeles
Los Angeles/New York (PRWEB) October 15, 2007 -- Platinum Funding Group, a leading factoring company, today announced the opening of its Los Angeles, California office. Platinum Funding Group has worked with companies located all across the United States and abroad. This is the firm's first office on the West Coast. The new post joins Platinum's network of offices located in Chicago, IL; Boynton Beach, FL; Shrewsbury, NJ; and a recently opened office in Atlanta, GA.
Platinum Funding Group has provided more than $200 million in new financing in 2006. The firm's rapid growth in recent years and increased flow of business from the West Coast, especially California, demanded the establishment of a physical presence in the area. Some of the targeted industries for this region include IT staffing and consulting, web design and software development firms, among others. Most recently, Platinum Funding Group provided a $3 million accounts receivable finance facility for Aikeaa, Inc., a Beverly Hills, CA-based firm that provides IT staffing, consulting and engineering services. Earlier in 2007, Platinum completed financing for Certus Software, Inc., a CA-based provider of compliance software and services.
"The Los Angeles office opening will be Platinum's sixth operation, marking our foray into the West Coast," said Eyal Levy, founder and CEO of Platinum Funding Group. "Our expansion to this region is a strategic growth opportunity for us, and will provide local insight and the ability to network on the ground with existing and potential clients, as well as allow us to develop relationships with the local financial community. Leading our efforts is Rick Collins, whom I welcome to the team and am confident will further our company's mission and growth. His strong financial background will prove to be a valuable asset to Platinum."
Rick Collins will head the Los Angeles office as the Business Development Manager. He has more than 30 years of experience in credit risk management and accounts receivable factoring, including areas of asset control and operational restructuring with an adherence to the Sarbanes-Oxley requirements. Mr. Collins has operated his own consulting business for seven years, specializing in credit and AR control, and operational efficiencies. Previously, he worked in various management positions at Heller Financial Inc., CIT Group/Manufacturers Hanover, Republic Factors and Citicorp Industrial Credit, among other prominent financial firms in the Los Angeles area.
"I'm very pleased to join the diverse team at Platinum Funding Group," said Mr. Collins. "I look forward to building our brand on the West Coast through the development of business opportunities and professional relationships. Platinum's ability to think 'outside the box' to achieve tailored financial solutions for almost any industry and to respond quickly, give the company the competitive edge and a recipe for success."
The new office is located in the Financial District of downtown Los Angeles. The address is 333 S. Grand Ave., 25th floor, Los Angeles, CA 90071. Rick Collins can be reached at Rick@PlatinumFundingGroup.com or 213-943-1311.
NOTE TO EDITORS:
Platinum Funding Group is a leading factoring company, which specializes in providing cash from the outright purchase of a company's accounts receivable income stream, for small and middle market companies that need to fund internal growth, a recapitalization, acquisitions, working capital or to exit chapter 11.
About Platinum Funding Group:
Platinum Funding Group, a leading factoring company, provides clients with accounts receivable funding, letters of credit, bridge funding, and accounts receivable management. Established in 1992, the company has been consistently assisting companies with annual sales revenue between $1 million and $150 million. Platinum possesses the financial resources to serve the needs of clients across more than 30 industries. The company holds a leading position in factoring services, issuing same day advances on accounts receivable to start-ups, fast growing firms, and companies in Chapter 11. Platinum Funding Group is headquartered in New York City and has regional offices throughout the U.S.
###
This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice.
|
|
 |
 |
|
Beryll Los Angeles
Berylls West Coast location in Santa Monica, is not only studio for the handcrafted Beryll collections but also showroom and appointment only flagship store as well as gallery of Beryll founder and designer Sigmar Bergs art work - www.beryll.com - Beryll the upscale accessory company recognized by discerning fashion connoisseurs for its superior quality, trend-setting designs, limited-edition sunglasses and unique handcrafted jewelry and leather collections made in USA
"6 Hour Learn Salsa Bootcamp - Sweeping The City of Los Angeles" Salsa Lessons in Los Angeles
The LearnSalsa Bootcamp is sweeping the Los Angeles County by surprise. Popular shows, "Dancing with the Stars" and "So You Think You Can Dance?," have helped the success of LearnSalsa.com to grow up to 100 students per Learn Salsa Bootcamp. Salsa Lessons in Los Angeles by LearnSalsa.com
Most Popular Entertainment Outlets in Los Angeles
Nothing compares to Los Angeles in terms of pure entertainment Millions of visitors come to LA every year, drawn by its non-stop entertainment, pulsating excitement and incomparable diversity
Los Angeles Lawyers Learn How to Build Million Dollar Law Firms with Proven Rainmaker Marketing System - Los Angeles County Bar Association Members A
The Rainmaker Retreat was held April 25-26, 2008 in downtown Los Angeles. During this two-day law firm marketing boot camp, Rainmaker CEO and best-selling author Stephen Fairley and Master Business Coach Travis Greenlee taught small and solo law firms proven, step-by-step strategies to build successful, seven-figure practices. It was presented by The Rainmaker Institute, LLC, the nation's largest law firm marketing company for small law firms and was sponsored by the Los Angeles County Bar Association (LACBA).
Los Angeles County Embarks On Landmark Trade Mission To China
Supervisor Antonovich to Lead Delegation with World Trade Center Association LA-Long Beach and the LAEDC to Strengthen Vital Trade Pacts
Los Angeles Negligence Lawyers: Lending a Hand to Prevent Carelessness
A person can receive injuries in various ways and times. Even if a person is careful with regard to his actions, harm may be acquired due to the wrongful doings or carelessness of other people.
LoanToolbox Named One of Los Angeles' Fastest Growing Companies in Deloitte's Los Angeles Technology Fast 50
LoanToolbox, the mortgage industry's leading provider of innovative marketing and training solutions, is recognized as one of the fastest growing technology companies in Greater Los Angeles, CA.
Hohner Announces Los Angeles And New York Viewings of the Bob Dylan Collection
Hohner Inc. announces a special viewing of the Bob Dylan Collection of hand-signed harmonicas at Sam Ash Music. The collection can be seen at Sam Ash Music, 7360 Sunset Blvd, Los Angeles, CA (323-850-1050) from September 24 through October 8, from 10:00 a.m. 8:00 p.m. It can be seen at Sam Ash Music, 155 W. 48th Street, New York, NY (212-719-2625) from October 15 through October 29, from 10:00 a.m. to 8:00 p.m.
Walk (Yes, Walk) Los Angeles with Los Angeles Lifestyle Magazine's New Neighborhood Itineraries
The new "coordinates" walking tour feature in LA2DAY's LA online magazine give locals and tourists a fresh look at the city's unique featured neighborhoods.
Los Angeles Consumers Discover Time-Saving Products at 4th Annual Los Angeles Organizing Expo
Los Angeles' only public organizing expo devoted exclusively to time-saving products, solutions, tools and services, is set for Monday September 22, 2008 at the Olympic Collection in West Los Angeles. Returning this year is the "Organizing Theater" and new for 2008 is the "Ask The Organizer Panel" where the public can address their very own organizing challenges.
Los Angeles Mall Offers Shopping And Services
The Beverly Center is a shopping mall in Los Angeles, CA. It is housed in a monolithic eight-story edifice situated in the city of Beverly Hills, near West Hollywood. The Center serves the entire city of Los Angeles. The mall's tenants include Macy's, Bloomingdale's, and a multi-screen theater. Also present are such retail outlets as Banana Republic, Victoria's Secret, Dolce and Gabbana, Louis Vuitton, Gucci, Dior and Hugo Boss. The mall's terrace offers a panoramic view of downtown Los Angeles.
Shouse Law Group, Los Angeles California DUI Attorneys, Expand into Las Vegas
Shouse Law Group Cites DUI.com | DWI.com for Growth in Southern California and Las Vegas. They opened their Las Vegas DUI office this month.
Los Angeles Organizing Expo Reflects The Most Current Trends In Residential And Business Organizing
A record crowd of consumers, organizing professionals, home building reps and interior designers attends the areas only event geared for getting and staying organized.
Bankruptcy Attorneys Los Angeles - How To Find The Best Attorneys Los Angeles Has To Offer
Are you looking for bankruptcy attorneys in Los Angeles Many people today are in the unfortunate situation of having to file for bankruptcy, and bankruptcy attorneys can certainly help alleviate that situation as much as possible by getting the best possible deal for you in court
Finding the Right Los Angeles Sedation Dentist For You
How many times have you suffered from the discomfort that a toothache can bring but endured it anyway because you were too afraid of paying your dentist a visit Well, you do not have to fear no more
|
 |
|
