Some companies also offer flat rates. Instead, you need to speak directly with a sales representative who will discuss your business and your options with you. We hope the staff of CoreFund Capital are being taken care of. Led by industry veterans, the company is rapidly disrupting the logistics industry by solving the first and last mile problem, starting with the intermodal freight segment.
Customers describe the company as reliable, saying that they always deliver funds on the day they are promised and provide exemplary customer service. Business And Commercial Financing CoreFund, Inc. offers highly personalized service and help cut through the red tape that is often involved in securing business loans from banks and other lending institutions. Please select the number of verifiable months youve been driving professionally using your Class A CDL within the last 3 years. If you do not have this, Jason can pull it for you. However, late Thursday, Parker County, Texas, District Judge Graham Quisenberry appointed a receiver on behalf of CoreFund, which may help truckers gain access to funds more quickly. Many of you are now aware that CoreFund is currently closed due to an ongoing lawsuit and that all staff was terminated last week and is now legally unable to conduct any business whatsoever. I have provided information to them in hopes they can also put pressure on Shim Sacks and Chris Wakefield, the parties responsible for shutting our doors with no plan of how to take care of the carriers. Register with OTR Solutions today to control when and how you get paid! googletag.pubads().collapseEmptyDivs(); The parties involved argued over the appointment of a receiver and no ruling for a receiver was made. in a filed record, as applicable, may recover $500 in each case from a person that: (3) files a record that the person is not entitled to file under Section, (1) and whose failure is part of a pattern, or consistent with a practice, of noncompliance; or, may recover damages under subsection (b) and, in addition, $500 in each case from a person that, without reasonable cause, fails to comply with a request under Section.
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OTR Solutions offers the most trustworthy flat factoring rates in the industry with no hidden fees and straightforward factoring programs. Feel free to pass this information along as you see fit. 3040 Post Oak Blvd., Suite 1300 | Houston, TX 77056-6560 Again, there are some limits when it comes to chattel paper here but we believe there is still recourse by the courts to provide relief. This sets them apart from some other factoring companies that allow you to pick and choose which invoices you want to factor, even when youre under contract. 9466 Georgia Ave, googletag.cmd.push(function() { In the marketplace model, brokers connect their freight with motor carriers, a previously untapped source of capacity for intermodal. You save time by having your loan or lease directed to the most appropriate funding source. Each company we work with has specific experience requirements for their drivers. Please contact an attorney to help you in the matter if you are affected by this CoreFund shutdown. I give my express consent authorizing TruckersReport and its, $10-$20 per advance, available 7 days per week, Free Credit Checks on potential Customers, Quick and Easy Qualifying online application. BBB Business Profiles may not be reproduced for sales or promotional purposes. While there are many benefits to factoring, it is important that you choose the company that is right for you to fully enjoy these benefits. CoreFund Capital LLC is a premier provider of financial services, specializing in business financing CoreFund Capital | Weatherford TX googletag.defineSlot('/21776187881/fw-responsive-main_content-slot3', [[728, 90], [468, 60], [320, 50], [300, 100]], 'div-gpt-ad-1665767553440-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); REMEDIES FOR SECURED PARTYS FAILURE TO COMPLY WITH ARTICLE. to their BBB profile. Spencer Fane LLP googletag.defineSlot('/21776187881/fw-responsive-main_content-slot5', [[728, 90], [468, 60], [320, 50], [300, 100]], 'div-gpt-ad-1665767778941-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); Unfortunately, customers report some negative experiences with eCapital. the courts order moves us much closer to addressing the needs of CoreFunds factoring customers., Medley is a listed attorney for members of the trade group, the International Factoring Association, to use. According to the receiver, all CoreFund staff are back in the offices today and working with the receiver to begin to reconcile accounts and payments. How BBB Processes Complaints and Reviews. WebFounded in 2015, CoreFund Capital (subsidiary of GMA Factor, LLC) is a freight invoice factoring company headquartered in Texas. Read More Business Details and See Alerts, International Association of Better Business Bureaus. Your email address will not be published. googletag.pubads().enableSingleRequest(); According to one representative from Lydel Logistics Corp, No issue is unimportant [to OTR Solutions] and all issues are fixed in a timely and efficient manner. Another customer, R. Muller, adds, We have been factoring with OTR Solutions for 3 years and could not be any happier with our Factoring Company. In addition to their experience and top-notch customer service, Apex offers the following service highlights: While Apex is a good choice for businesses of any size, it does require a little more planning than some other factoring companies. I had a carrier trying to get us to pay him directly hes called me a dozen times today but theres nothing we can do until we have a notice of assignment from CoreFund that this trucking company has gone to them for funding and CoreFund sends us an invoice, which we will pay the same day, Ginevra told FreightWaves. We dont have a timeframe on when the courts can take the matter up and rule, so it is recommended that clients proceed to send a 20 day UCC termination demand letter to CoreFund as we explained below under 9-509. A. UCCs are regulated by law and all parties involved in a UCC filing must follow these regulations. According to court documents, Shim Sacks founded CoreFund Capital in 2014. The companys specific factoring offerings include: The only real drawback of Thunder Funding is that its rates are on the more expensive side as compared to the competition. googletag.pubads().enableSingleRequest(); Late Thursday, Jason Medley, partner with law firm Spencer Fane in its Houston office, notified some of the affected trucking companies and factoring companies that the judge appointing a receiver is a positive step. 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). WebCategories: Factoring Services,Financial Services.
This lack of info combined with the fact that the Provident Commercial Finance has only a few customer reviews puts them at the bottom of our list. Silver Spring, MD 20910. Our Take: This section dictates that the account debtor (the client or a broker) can request from the assignee (CoreFund) reasonable proof that the assignment has been made (a Notice of Assignment). CoreFund was founded by industry veterans with the sole mission of making factoring easier and more transparent to truckers and the transportation industry. Everyone in the industry has heard of the CoreFund case by now, so letting them know youve been affected by it could earn you some empathy points. Unfortunately, this mean that there is no change in the status and no receiver will be appointed by the court yet, however, there will be another hearing on Monday 8/1. CoreFund Capital LLC, a receivables finance company, is a premier provider of financial services, providing working capital for all size businesses through invoice factoring. from 8 AM - 9 PM ET. Quasar Capital Partners is a Texas factoring company headquartered in Dallas that serves small businesses throughout the U.S. and Canada. "Unique has performed impressively over the past months with a solid base of business. We are in contact with the International Factoring Association, the largest factoring association in the world, and also the association that both CoreFund and we at LoadX Factoring are a part of. Thats our first goal. If youre looking for a new factoring service and youre coming from CoreFund, give us a call +1 (410) 204 2084. Truly a great group of people. The receiver also stated that they are fine with clients calling their CoreFund account executive and requesting a buyout as well. , the secured party may claim a security interest only as shown in the list or statement included in the request as against a person that is reasonably misled by the failure. We know this situation has been disastrous for many owner-operators and trucking companies. Provident Commercial Finance, is another great option when it comes to account receivable factoring. Distance. The factoring company then pays the carrier or owner-operator the full amount of the invoice, minus a small percentage, within as little as 24 hours of receiving the invoice. googletag.cmd.push(function() { That gives you the freedom to decide which invoices make financial sense to factor and which you would rather not pay the percentage that is collected by the factoring company. BBB Business Profiles generally cover a three-year reporting period. This difficulty is exacerbated by the poor communication and poor customer service that a number of users report. By having access to a Business Finance Consultant you have access to hundreds of funding sources across the United States as well as Canada, Australia and the U.K.
googletag.defineSlot('/21776187881/fw-responsive-main_content-slot2', [[728, 90], [468, 60], [320, 50], [300, 100]], 'div-gpt-ad-1665767737710-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); Apex provides users with quality customer service that keeps them in the loop about their invoices. Site: corefundcapital.com. 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. window.googletag = window.googletag || {cmd: []}; googletag.cmd.push(function() { Important Cautions Regarding Forward-Looking Statements. If this is a new broker for you that does not have a CoreFund NOA then it is likely you can invoice directly and get paid. He issued the following statement about the factoring companys ongoing lawsuit on LinkedIn. Subject to subsections (c), (d), and (f), a person is liable for damages in the amount of any loss caused by a failure to comply with this article. These are all points that help put RTS on the list of top freight factoring companies. Phone: (800) 405-5464, (817) 609-8285 (Alt), (817) 887-3734 (Fax), (800) 405-5464 (Free) In business WebFinancial Services. According to, one representative from Lydel Logistics Corp. , No issue is unimportant [to OTR Solutions] and all issues are fixed in a timely and efficient manner. Another customer, We have been factoring with OTR Solutions for 3 years and could not be any happier with our Factoring Company. ALIENABILITY OF DEBTORS RIGHTS. At that point they will be able to begin the process of terminations. Apply Now! Harris is experienced in a range of factoring operations. He currently represents about 50 trucking companies stonewalled by CoreFund and said the number is climbing every minute..
No matter what you do, We will continue to be here to help you. Some companies also offer flat rates. (a) [Judicial orders concerning noncompliance.]. However, former employees with access to CoreFunds Facebook account have been posting updates to its panicking trucking customers since no one has responded to their calls or emails. Phone: (800) 405-5464, (817) 609-8285 (Alt), (817) 887-3734 (Fax), (800) 405-5464 (Free) In business
(2) the amendment is a termination statement for a financing statement as to which the secured party of record has failed to file or send a termination statement as required by Section 9-513(a) or (c), the debtor authorizes the filing, and the termination statement indicates that the debtor authorized it to be filed. Small and Medium Businesses.
In the marketplace model, brokers connect their freight with motor carriers, a previously untapped source of capacity for intermodal. You save time by having your loan or lease directed to the most appropriate funding source. Each company we work with has specific experience requirements for their drivers. Please contact an attorney to help you in the matter if you are affected by this CoreFund shutdown. I give my express consent authorizing TruckersReport and its, $10-$20 per advance, available 7 days per week, Free Credit Checks on potential Customers, Quick and Easy Qualifying online application. BBB Business Profiles may not be reproduced for sales or promotional purposes. While there are many benefits to factoring, it is important that you choose the company that is right for you to fully enjoy these benefits. CoreFund Capital LLC is a premier provider of financial services, specializing in business financing CoreFund Capital | Weatherford TX googletag.defineSlot('/21776187881/fw-responsive-main_content-slot3', [[728, 90], [468, 60], [320, 50], [300, 100]], 'div-gpt-ad-1665767553440-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); REMEDIES FOR SECURED PARTYS FAILURE TO COMPLY WITH ARTICLE. to their BBB profile. Spencer Fane LLP googletag.defineSlot('/21776187881/fw-responsive-main_content-slot5', [[728, 90], [468, 60], [320, 50], [300, 100]], 'div-gpt-ad-1665767778941-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); Unfortunately, customers report some negative experiences with eCapital. the courts order moves us much closer to addressing the needs of CoreFunds factoring customers., Medley is a listed attorney for members of the trade group, the International Factoring Association, to use. According to the receiver, all CoreFund staff are back in the offices today and working with the receiver to begin to reconcile accounts and payments. How BBB Processes Complaints and Reviews. WebFounded in 2015, CoreFund Capital (subsidiary of GMA Factor, LLC) is a freight invoice factoring company headquartered in Texas. 
Read More Business Details and See Alerts, International Association of Better Business Bureaus. Your email address will not be published. googletag.pubads().enableSingleRequest(); According to one representative from Lydel Logistics Corp, No issue is unimportant [to OTR Solutions] and all issues are fixed in a timely and efficient manner. Another customer, R. Muller, adds, We have been factoring with OTR Solutions for 3 years and could not be any happier with our Factoring Company. In addition to their experience and top-notch customer service, Apex offers the following service highlights: While Apex is a good choice for businesses of any size, it does require a little more planning than some other factoring companies. I had a carrier trying to get us to pay him directly hes called me a dozen times today but theres nothing we can do until we have a notice of assignment from CoreFund that this trucking company has gone to them for funding and CoreFund sends us an invoice, which we will pay the same day, Ginevra told FreightWaves. We dont have a timeframe on when the courts can take the matter up and rule, so it is recommended that clients proceed to send a 20 day UCC termination demand letter to CoreFund as we explained below under 9-509. A. UCCs are regulated by law and all parties involved in a UCC filing must follow these regulations. According to court documents, Shim Sacks founded CoreFund Capital in 2014. The companys specific factoring offerings include: The only real drawback of Thunder Funding is that its rates are on the more expensive side as compared to the competition. googletag.pubads().enableSingleRequest(); Late Thursday, Jason Medley, partner with law firm Spencer Fane in its Houston office, notified some of the affected trucking companies and factoring companies that the judge appointing a receiver is a positive step. 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). WebCategories: Factoring Services,Financial Services. 
Apex provides users with quality customer service that keeps them in the loop about their invoices. Site: corefundcapital.com. 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. window.googletag = window.googletag || {cmd: []}; googletag.cmd.push(function() { Important Cautions Regarding Forward-Looking Statements. If this is a new broker for you that does not have a CoreFund NOA then it is likely you can invoice directly and get paid. He issued the following statement about the factoring companys ongoing lawsuit on LinkedIn. Subject to subsections (c), (d), and (f), a person is liable for damages in the amount of any loss caused by a failure to comply with this article. These are all points that help put RTS on the list of top freight factoring companies. Phone: (800) 405-5464, (817) 609-8285 (Alt), (817) 887-3734 (Fax), (800) 405-5464 (Free) In business WebFinancial Services. According to, one representative from Lydel Logistics Corp. , No issue is unimportant [to OTR Solutions] and all issues are fixed in a timely and efficient manner. Another customer, We have been factoring with OTR Solutions for 3 years and could not be any happier with our Factoring Company. ALIENABILITY OF DEBTORS RIGHTS. At that point they will be able to begin the process of terminations. Apply Now! 
Harris is experienced in a range of factoring operations. He currently represents about 50 trucking companies stonewalled by CoreFund and said the number is climbing every minute.. 