We are a turnaround management firm focusing on the lower middle market. We provide debt restructuring and turnaround management consulting services.
We seek to expand our offerings to include offering Factoring or AR financing. This is very lucrative and low overhead business.
Genesis Commercial Credit will provide Accounts Receivables Financing. Our clients will be companies that are experiencing growth pains, start-ups restrictions, or are troubled companies that are not normally financially viable through traditional sources.
Companies need cash and Factoring can quite often provide the maximum availability and funding speed required for the companies.
We have extensive relationships with existing lenders, advisers, CPA’s and attorneys that will help jump start our efforts to secure customers in a short period of time.
We have the procedures that will be needed to manage the day to day operation of the company.
We have selected the Factor Pro software that will provide Genesis Commercial Credit the web based platform to operate from.
We seek the initial $1M required to launch the factoring company with overall commitment to fund up to $2M as we grow. We have commitment from senior lenders to fund four times our investment.
We will generate in excess of $150,000 in net profits the first year.
Contact us on Merar if you are interested investor.
Our low overhead, strong relationships with senior lenders and other consulting firms in Metro Detroit Market will insure successful launch. Our lower overhead will allow us to be slightly more competitive in our AR lending. with interest rates currently holding around 1% for every 10 days of lending.
We have secured over $10M in debt restructuring in last year. We could have taken this in house easily. Also our exposure of having Scot Lund on the board of directors of the Turnaround Management Association gives us good exposure. We have extensive information in regards to competition and our marketing efforts available upon request. With in-house counsel as a partner we can reduce overall operational cost dramatically.
Most of all funds will be used for direct lending to new customers. Overhead of our company is minimal. Our ongoing efforts in turnaround and debt restructuring services will also offset any start-up costs for factoring diversion.