SOURCE: Pearl Capital Rivis Ventures LLC

pearl capital rivis ventures, iso relationships

October 03, 2014 08:15 ET

Pearl Capital Funds Largest Deal Since Inception

NEW YORK, NY--(Marketwired - October 03, 2014) - This week Pearl Capital funded a $500,000 advance to a Commercial Trucking Insurance provider, their 3rd round of financing from Pearl Capital and the largest single advance in Pearl's history. The representative who managed the deal, Esther Anatian, mentioned that this particular deal is indicative of more to come from Pearl. "The deal is noteworthy for several reasons aside from being the largest to date; it features a 7 month term despite the fact that the business is both traditionally high-risk as well as a cash-only business which does not process credit cards, and as we continue to grow, these larger, longer term deals will become more and more common."

Speaking on the significance of the deal, CEO and Chairman Meir Hurwitz stated: "This milestone showcases the ability of Pearl Capital to successfully use relationship management in conjunction with innovative underwriting to provide financing options to businesses that would have issues applying to traditional small business loan programs. In addition, the deal was funded entirely in-house and in a fraction of the time that it would take to underwrite a traditional business loan, proving that small business owners can find quality relationships in the alternative financing space. Pearl is now funding over 11 million per month and, as Pearl hones in on another round of capital with which to grow, we will be increasingly able to extend more favorable terms and dollar amounts to the business owners who have grown along with us."

Contact Information

  • Pearl Capital, LLC
    Chairman Meir Hurwitz
    40 Exchange pl.
    New York, NY