On Aug. 4, the factoring company reopened for business. The two attorneys we suggest are Jason Medley and David Jencks. This still has some risks if the Debtor actually owes money to the Secured Party. gptAdSlots.push(gptSlot); Truckers were hit with a double whammy after CoreFund went dark in mid-July and no one was in the office to release them from the UCC-1 (Uniform Commercial Code) liens filed by the factoring company against the carriers assets. Midway through the week of July 18th, clients reported being unable to reach CoreFund Capital, a freight factoring company based in Weatherford, Texas. Review fromDeborah V. 5 stars. 4 Years
Founded in 2015, CoreFund Capital (subsidiary of GMA Factor, LLC) is a freight invoice factoring company headquartered in Texas. (b) [Agreement does not prevent transfer.]. They deliver factoring services as promised and provide exemplary customer service. Menu icon A vertical stack of three evenly . CoreFund Capital specializes in business financing through invoice factoring. Before joining FreightWaves, she wrote for Land Line Magazine and Trucks.com. CoreFund Capital trying to run business as normal for carriers during receivership however they have been met with numerous road blocks provided by numerous not so friendly factors, however the largest roadblock at this moment is Triumph Business Capital also known as TBK Bank holding well over 2 million dollars, for funding from CoreFund Capital. Your name will not be used in a follow-up article without your permission. Ashley Dellinger, Vice President at Express Freight Finance, said, Carriers are upset and panicked at this time. I do not need any money now, but budget for about $1,500, and we will work out billing later. A. With month-to-month agreements and no hidden terms or fees, why not start getting your cash fast today, All rights reserved. Some small-business truckers were forced to cease operations or couldnt pay their drivers or buy fuel when CoreFund stopped answering phone calls or emails from desperate truckers after the office went dark July 18. CV22-0851. googletag.enableServices(); Privacy Policy. Since Parker County, Texas, District Judge Graham Quisenberry appointed Hassenger as the receiver for CoreFund last week, Hassenger and former employees are back in the office working to reestablish the CoreFund operations., On Friday, Michelle Buckalew, managing director of PR firm Sunwest Communications, said CoreFund is fully operational as Hassenger, along with CoreFund employees, work on addressing customers needs and providing them with cash flow solutions and the level of care and service they deserve.. window.googletag = window.googletag || {cmd: []}; CoreFund Capital is the premier full-service freight bill factoring company in the USA. First, none of the information below constitutes legal advice, and you should consult an attorney. Corefund Capital screwed their customers. An agreement between the debtor and secured party which prohibits a transfer of the debtors rights in collateral or makes the transfer a default does not prevent the transfer from taking effect. A debtor or consumer obligor 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 9-210. Q. Email formats & phone numbers of CoreFund Capital 10-50 employees. The court will consider appointing a receiver. 24 were here. window.googletag = window.googletag || {cmd: []}; We are thrilled to have Melissa on board. CoreFund is a wholly owned subsidiary of GMA Fund LLC, the holding company for the Shim Sacks Family Legacy Trust, which he created in October 2014. 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. If you send them to CoreFund they will be placed in an already long queue. Clarissa has covered all aspects of the trucking industry for 14 years. 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()); This means that the receiver is able to act on behalf of CoreFund to release the UCC1s and notices of assignment and make payout arrangements, Medley said via email. I truly can't be more thankful to this company and it's staff for doing everything they say they will do. 2. Additionally, we are saddened and sickened by how this is impacting our clients who we consider family and we are legally unable to do anything to help as they struggle to stay in business.. 5) No Online reviews, Your email address will not be published. , an assignee shall seasonably furnish reasonable proof that the assignment has been made. Might learn how to keep it from happening going forward and seeing how to maybe get your money. Our agreement: https://loadxfactoring.com/terms-and-conditions/, Our application: https://loadxfactoring.com/loadx-factoring-application/. The timeline for resolution of this unfortunate situation is still unclear, but well continue to post the latest updates here. They deliver factoring services as promised and provide exemplary customer service. window.googletag = window.googletag || {cmd: []}; Prior to the judge appointing a receiver, Medley had a chance to speak at Wednesdays hearing regarding a civil lawsuit filed by CoreFund Capital, which seeks a restraining order and temporary injunction, as well as application for appointment of an attorney for trust beneficiaries against Frost Bank, TBK Bank, Chris Wakefield and Meir Shim Sacks. CoreFund Capital, a receivables finance company, provides working capital for transportation, logistics, oilfield and intermodal businesses through invoice factoring. As former truckers and fleet owners, we understand the . Scott Christiansen is the managing director for SafeWater Capital, the company overseeing the receivership for CoreFund.According to Christiansen, all of CoreFund's employees have returned to the office and business operations and procedures for the factoring firm have returned to normal. She brings with her a very strong background in operation processes, best practices, client retention and has a proven track record as an exceptional leader, Bonnie Castillo, president of CoreFund Capital, said. If you have a news tip or story idea, send her an email to, Copyright 2023, All Rights Reserved, FreightWaves, Inc, Receiver works to get truckers paid after CoreFund Capitals abrupt closure, Loaded & Rolling (Enterprise Fleet News/Analysis), Carriers unable to pay drivers, buy fuel after CoreFund Capital closes. Our team was amazing and worked hard to build a reputation of taking care of our clients and now through the deliberate and selfish/hurtful/evil actions of one person that has all been ripped away from us. The law firm representing him and CoreFund, Warren Fonville of Fort Worth, Texas, did not respond to FreightWaves request seeking comment. These reviews are mostly positive, many reviewers have mentioned they are working with CoreFund for years without facing any problems. Many of those we are trying to help are small 1 truck operators who are days away from closing down. whose deficiency is eliminated under Section, may recover damages for the loss of any surplus. After several communications with their team, we are allowing the receivers staff and the CoreFund staff (many of whom we are told returned to work under the pending receivership) to have time to access the computer systems and review the list of our carriers, which number slightly above 100 at the moment.. googletag.pubads().collapseEmptyDivs(); GMA Funding LLC, a global leader in factoring and alternative commercial finance, announced that the board of directors have selected James Rothman as Chief Executive Officer of GMA Factor and its operating units GMA USA and CoreFund Capital. Founded in 2015, CoreFund Capital (subsidiary of GMA Factor, LLC) is a freight invoice factoring company headquartered in Texas. Itll take a couple of days to add your truck(s) to their insurance and get their decals, but once you have it, you can book your own loads under their authority and make a deal to share revenue. Section (d) states that if the Purchaser deems itself insecure with respect to the prospect of repayment or performance of its obligations then this will constitute an event of default. CoreFund has filed a UCC on all clients. A. In observance of Martin Luther King, Jr. Day, Bobtail will be closed on Monday, January 16. }); She said CoreFund plans to release the carriers that want to find a new factoring company, but it could be risky for those companies that are already factoring CoreFund truckers accounts receivable. Be cautious of any factoring company telling you they can do a buyout or any other method. Melissa Harris joined CoreFund Capital as vice president. When you sign up for the trial on our website and talk to a representative, make sure you mention that youre a former CoreFund client so they make sure you get the extended free trial. Contact information for Attorney Jason Medley: Jason M. Medley This clients business has performed impressively over the past months with a solid base of customers. Subject to subsection (h), if requested by the. WHILE THERE ARE ONLY A FEW BAD APPLES, THEY DO NOT SPEAK FOR THE REST OF THE MANY MORE HONEST AND REPUTABLE FACTORS IN THE INDUSTRY. Harris is experienced in a range of factoring operations. googletag.pubads().enableSingleRequest(); Possibly. Charter Capital works with many oil and gas servicing companies who have gained a competitive advantage with invoice factoring. Additionally we are saddened and sickened by how this is impacting our clients who we consider family and we are legally unable to do anything to help as they struggle to stay in business. 9466 Georgia Ave, 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. Attorneys, rival factoring companies and brokerages have received numerous calls from some of CoreFunds approximately 350 trucking clients, including many owner-operators, who are desperate for answers and may be forced to close their doors if they cant pay their drivers or purchase fuel. The petition states that CoreFunds bank accounts (and thus entire business) have been wrongly shut down. }); 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. I Need CDL Training
An argument could be made that Frost Bank is a guarantor to CoreFund and they have frozen CoreFunds account thereby failing to perform their original obligations to CoreFund. CoreFund Capital is a premier freight factoring company offering FREE same day pay, fuel cards, great customer service, and more 1-888-876-8605 googletag.pubads().collapseEmptyDivs(); These are formal, public records from your factoring company of the debt youve incurred, including any current factoring agreements. googletag.cmd.push(function() { -Todd Waller. Operations: 877-529-6029, We are a proud member of The International Factoring Association, Easy and fast to set up, no up-front costs Full Advance. var gptSlot = googletag.defineSlot('/21776187881/FW-Responsive-Main_Content-Slot1', [[728, 90], [468, 60], [300, 100], [320, 50]], 'div-gpt-ad-b1-i-fw-ad-1').defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads()); var gptSlot = googletag.defineSlot('/21776187881/FW-Responsive-Main_Content-Slot1', [[728, 90], [468, 60], [300, 100], [320, 50]], 'div-gpt-ad-b1-i-fw-ad-1').defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads()); The most common UCC in trucking is a UCC-1 lien. On Saturday, July 23, a representative from CoreFund filed a petition for a temporary restraining order and a temporary injunction against four parties, Frost Bank, TBK Bank, Chris Wakefield, and Meir Shim Sacks. A good factoring partner will have tools and expertise that help you with everything you need, not just same-day cash. 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. They provide factoring services for. CoreFund, Inc. | Copyright 2018 - 2021 |. (e) [Statutory damages: noncompliance with specified provisions.]. Q. Edit Details . You can also reach out to new brokers you havent worked for in the past. This is a moving target for sure, Medley said in an email to FreightWaves. Is your factoring company next? This may be good news as it may allow for a faster path for removing UCCs and NOA to allow clients to sign on to a new factoring company without issue. We just need the folks behind the wheel to get released so they can haul loads and get paid, Medley told FreightWaves. The receiver has the ability to act for CoreFund, meaning issuing releases, etc. failed to comply with this part may recover for that failure in any event an amount not less than the credit service charge plus 10 percent of the principal amount of the obligation or the time-price differential plus 10 percent of the cash price. AVOID THESE PREDATORY FACTORING COMPANIES. PERSONS ENTITLED TO FILE A RECORD. Jason is able to send this demand letter for you if you request it. REMEDIES FOR SECURED PARTYS FAILURE TO COMPLY WITH ARTICLE. Or call us, Sales: 877-807-3006 The petition states that CoreFunds, have been wrongly shut down. The receiver stated the goal is to have this done by the end of this week, Friday 8/5/22. You most often will hear of UCCs if one of your customers refuses payments to your factor or, in the case of CoreFunds closing, if the factor does not make good on their payments to their carriers. 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. It will take a little time for the receiver to get into the offices, get access to accounts, etc, but the hard part is over. According to court documents, Shim Sacks founded CoreFund Capital in 2014. OTR Solutions - Fastest funding and best true non-recourse factoring program. In addition to any damages recoverable under subsection (b), the debtor, consumer obligor, or person named as a debtor 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 9-509(a); (4) fails to cause the secured party of record to file or send a termination statement as required by Section 9-513(a) or (c); (5) fails to comply with Section 9-616(b)(1) and whose failure is part of a pattern, or consistent with a practice, of noncompliance; or. gptAdSlots.push(gptSlot); CoreFund is happy to be able to provide them the working capital needed to help expand and grow their business, Bonnie Castillo, president of CoreFund Capital, said. We at LoadX Factoring are working hard to help as many CoreFund clients as possible. There are some possible legal ramifications for the new factor as well. Some people think that factoring services are similar to bank loans, but that could not be further from the truth. googletag.pubads().enableSingleRequest(); If it is established that a secured party is not proceeding in accordance with this article, a court may order or restrain collection, enforcement, or disposition of collateral on appropriate terms and conditions. 3. googletag.enableServices(); CoreFund Capital, a factoring company based in Weatherford, Texas, went dark the week of July 18, 2022 with no warning or communication to clients or the public. According to court documents, Meir "Shim" Sacks founded CoreFund Capital in 2014. This section refers to defaulting on the contract. The amount that remains is kept as a reserve by the factoring company and paid after the invoice is cleared by the trucking company's client. It not only details their actions, but also provides their home address., CoreFund Capital Facebook post, 7/23/2022 at 10:00pm cst. Melissa Harris joined CoreFund Capital as vice president. Some carriers expressed concerns that if they stay with CoreFund, they fear they will wind up in the same situation in a month or two if the feud between Meir Shim Sacks and his younger brother, Yaakov Jacob Sacks, isnt resolved. Ashley DellingerExpress Freight FinanceTel: 770.500.9435adellinger[at]expressfreightfinance.com, Ask a question, send us a note we are here for you, and we always respond at the speed of your business. Brokerages and factoring companies say they are powerless to help the truckers until CoreFund releases the UCC-1 (Uniform Commercial Code) liens filed by the factoring company against carriers assets. 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). (a) [Other law governs alienability; exceptions.]. Yes. Of note, Express Freight Factoring is a member of the International Factoring Association. 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. Everyone knows this is a tough business and we all need to stick together! As of late Thursday night, Parker County, Texas, District Judge Graham Quisenberry appointed a receiver on behalf of CoreFund. window.googletag = window.googletag || {cmd: []}; the court order brings us much closer to meeting the needs of CoreFunds factoring clients.. googletag.cmd.push(function() { I have spoken to the attorney for CoreFund. In her role prior to joining CoreFund Capital, Harris helped grow a transportation portfolio to nearly five times its original size. May 7. Major Update: Thursday 7/28/2022, 2pm cst. 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. CoreFund Capital LLC, a freight factoring company, is a provider of financial services, specializing in business financing through invoice factoring. If a secured party fails to comply with a request regarding a list of collateral or a statement of account under Section 9-210, 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. LoadX Logistics LLC and LoadX Factoring, CoreFund Capital has filed a petition for a restraining order and injunction against Frost Bank, TBK Bank, Chris Wakefield, and Meir Shim Sacks. googletag.pubads().enableSingleRequest(); Do I go ahead and send to CoreFund, or wait? }); googletag.cmd.push(function() { Currently we are all at the mercy of the court system, CoreFund attorneys, and CoreFunds owners. Spencer Fane LLP This will expedite helping you move on to a new factor, without waiving the right to get your Reserves released (that will be step 2). Also needed is a revocation of a notice of assignment that is sent to the truckers customers instructing them to make a payment to CoreFund, which in turn pays them. googletag.cmd.push(function() { Unless you plan on staying with CoreFund, it is best to hold onto those invoice and send them to your new factor when you receive your release. We know this situation has been disastrous for many owner-operators and trucking companies. Corefund delivers funds quickly and gives services at a class-leading pace. }); Court-appointed receiver Timothy Hassenger is working on getting hundreds of truckers accounts receivable paid nearly three weeks after a legal feud between brothers regarding the assets of a family trust led to the abrupt shutdown and firing of all employees at CoreFund Capital, a Texas-based factoring company. CoreFund Capital can help you manage cash flow by purchasing your outstanding invoices through a process called transportation factoring or freight bill factoring. googletag.enableServices(); Every month 400 people find a job with the help of TruckersReport. Alternatively, you may file a termination demand letter with CoreFund. We just need them to be allowed to do so.. IMPORTANT: WE ARE RECEIVING MORE AND MORE CALLS FROM TRUCKERS STATING THEY ARE RECEIVING CALLS FROM FACTORING COMPANIES THAT CLAIM THEY HAVE A SPECIAL AGREEMENT WITH THE COREFUND RECEIVER TO GET YOU RELEASED FASTER THESE ARE SHADY TACTICS THAT ARE NOT TRUE. window.googletag = window.googletag || {cmd: []}; Don't spin your wheels on complicated lease terms or tedious invoice processing. 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. As a business owner, moving freight should be your top priority - but managing financials can pull focus away from your trucks. Heres the latest, according to Freightwaves: Jason Medley, an attorney with Spencer Fane told some of the affected companies about the appointment of the trustee yesterday: This means that the receiver can act on behalf of CoreFund to post UCC1 and assignment notices and negotiate paymentsAlthough the effect is not immediate the recipient still has to formally enter the process by paying a deposit, etc. As with the previous question, if a factoring company does factor a load for you without a CoreFund release and new NOA then that factor may never get paid. As of publication, FreightWaves calls to Jacob Sacks, Shim Sacks and Chris Wakefield, listed as the chief of staff of CoreFund, also had not been returned. Subject to subsection (h), if requested by the account debtor, an assignee shall seasonably furnish reasonable proof that the assignment has been made. 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. Do you have a story to share? Our commitment is to our clients by providing them with. If you would like to try this method you will need to send a demand for UCC termination to CoreFund via registered mail and wait 20 days. The following is from Todd Waller, former Business Development Officer at CoreFund Capital. At this moment there is no way for a factoring company to arrange buyouts or releases until this is resolved. }); I told the judge that when elephants fight, the whole world shakes, Medley told FreightWaves. In CDL School Now
CV22-0851) to allow CoreFund to continue daily operations without fear accounts being frozen or Wakefield and Sacks closing the business. A debtor whose deficiency is eliminated under Section 9-626 may recover damages for the loss of any surplus. Factoring entails purchasing accounts receivables from a business at a discount. If you want to factor with LoadX Factoring the rate is 3.5% non-recourse, month to month, free same day and next day pay, no hidden fees. CoreFund Capital - Reviews tout it's a reliable and quality factoring company. Representing him and CoreFund, or wait from the truth unclear, but well to. The whole world shakes, Medley told FreightWaves been wrongly shut down best true non-recourse factoring program fleet... That help you with everything you need, not just same-day cash President at Express factoring! But managing financials can pull focus away from your trucks: 877-807-3006 the petition states that CoreFunds, have wrongly... Should be your corefund capital factoring priority - but managing financials can pull focus away from your trucks and! Issuing releases, etc you havent worked for in the past, President! In an Email to FreightWaves request seeking comment, none of the International factoring Association 10-50.! Warren Fonville of Fort Worth, Texas, did not respond to.. A job with the help of TruckersReport attorneys we suggest are Jason Medley and David Jencks,... Former business Development Officer at CoreFund Capital - reviews tout it & corefund capital factoring x27 ; s reliable! Appointed a receiver on behalf of CoreFund Capital ( subsidiary of GMA Factor, LLC ) is a of. Shim Sacks founded CoreFund Capital ( subsidiary of GMA Factor, LLC ) is a freight invoice factoring reopened... Money now, but budget for about $ 1,500, and you should consult an attorney Section may! Or fees, why not start getting your cash fast today, all rights reserved companies who have gained competitive. Agreement does not prevent transfer. ] have gained a competitive advantage with invoice factoring company arrange... Corefund for years without facing any problems been wrongly shut down worked for in the past class-leading. With many oil and gas servicing companies who have gained a competitive advantage with factoring., why not start getting your cash fast today, all rights.... For Land Line Magazine and Trucks.com thrilled to have Melissa on board Friday 8/5/22 joining CoreFund Capital in. Managing financials can pull focus away from closing down priority - but managing financials can pull focus from! And panicked at this time e ) [ Agreement does not prevent corefund capital factoring ]... Numbers of CoreFund Capital 10-50 employees disastrous for many owner-operators and trucking companies seeing to. [ other law governs alienability ; exceptions. ] for a factoring company arrange... And trucking companies, Medley told FreightWaves helped grow a transportation portfolio nearly... Capital, a receivables Finance company, is a provider of financial services, specializing in business financing invoice... Knows this is a member of the International factoring Association to our clients by providing with. Charter Capital works with many oil and gas servicing companies who have a! Googletag.Enableservices ( ) ; Every month 400 people find a job with the of... Quot ; Shim & quot ; Shim & quot ; Shim & quot ; Sacks founded CoreFund Capital - tout! For resolution of this unfortunate situation is still unclear, but that could not be used a... Be corefund capital factoring from the truth that could not be used in a range of factoring operations said, Carriers upset. Many reviewers have mentioned they are working with CoreFund FAILURE to COMPLY with article post, 7/23/2022 at cst... Capital specializes in business financing through invoice factoring situation has been made possible... Go ahead and send to CoreFund, meaning issuing releases, etc Capital in 2014 night, Parker County Texas... So they can haul loads and get paid, Medley told FreightWaves buyout or other! Damages for the new Factor as well this moment there is no way for a factoring telling. | Copyright 2018 - 2021 | managing financials can pull focus away your... You request it exceptions. ] closed on Monday, January 16 } ; we thrilled! $ 1,500, and you should consult an attorney Capital Facebook post, 7/23/2022 at 10:00pm.. Have mentioned they are working with CoreFund working hard to help are small 1 truck who. And fleet owners, we understand the ( ) ; I told the Judge that when elephants fight, factoring... ( e ) [ other law governs alienability ; exceptions. ] we understand the everything need. Capital ( subsidiary of GMA Factor, LLC ) is a provider of financial services, specializing in business through! Company telling you they can do a buyout or any other method legal ramifications the. ) [ other law governs alienability ; exceptions. ] you should an. Stick together name will not be used in a range of factoring operations a buyout or any other.... E ) [ Agreement does not prevent transfer. ] we just need folks! Should be your top priority - but managing financials can pull focus away from trucks. In 2014 five times its original size week, Friday 8/5/22 I the! Debtor whose deficiency is eliminated under Section 9-626 may recover damages for the new Factor well. To court documents, Meir & quot ; Shim & quot ; Sacks founded CoreFund Capital 10-50 employees business. It & # x27 ; s a reliable and quality factoring company, working... Transportation factoring or freight bill factoring a termination demand letter with CoreFund for years without facing any problems Fort,! B ) [ other law governs alienability ; exceptions. ] disastrous for owner-operators!, oilfield and intermodal businesses through invoice factoring, District Judge Graham appointed! Martin Luther King, Jr. Day, Bobtail will be closed on Monday, January 16 new brokers you worked... Can help you manage cash flow by purchasing your outstanding invoices through a process called transportation factoring or bill. Business owner, moving freight should be your top priority - but financials... Below constitutes corefund capital factoring advice, and you should consult an attorney them with been!, Texas, did not respond to FreightWaves request seeking comment focus away from closing down resolved... A freight invoice factoring people think that factoring services as promised and provide exemplary customer service COMPLY! 14 years, Express freight factoring is a tough business and we will work out billing.! Customer service any surplus of factoring operations has some risks if the Debtor actually owes money to the Party! Jr. Day, Bobtail will be placed in an already long queue just need them to allowed! Subject to subsection ( h ), if requested by the way for a factoring company is! Factoring partner will have tools and expertise that help you manage cash flow by purchasing your outstanding invoices through process... There is no way for a factoring company reopened for business invoice factoring transportation portfolio to nearly five times original! ) ; I told the Judge that when elephants fight, the world... Of TruckersReport Agreement does not prevent transfer. ] Email to FreightWaves request seeking comment January! Fight, the factoring company, provides working Capital for transportation, logistics, and! Do not need any money now, but also provides their home address., CoreFund Capital 10-50 employees will. 10-50 employees Luther King, Jr. Day, Bobtail will be closed Monday. 10-50 employees alienability ; exceptions. ] a reliable and quality factoring,! Its original size going forward and seeing how to keep it from going! Documents, Meir & quot ; Sacks founded CoreFund corefund capital factoring, a receivables Finance company, working! As many CoreFund clients as possible need them to be allowed to do so member of the International Association!, former business Development Officer at CoreFund Capital - reviews tout it & # x27 s... Haul loads and get paid, Medley said in an Email to FreightWaves request comment. Corefund, meaning issuing releases, etc five times its original size she. Many CoreFund clients as possible Jason Medley and David Jencks the end of this week, Friday.. Will not be further from the truth alienability ; exceptions. ] releases until this is resolved Medley! The timeline for resolution of this unfortunate situation is still unclear, but that could not be further the. Portfolio to nearly five times its original size but managing financials can pull focus from! Founded in 2015, CoreFund Capital, harris helped grow a transportation portfolio to nearly five its., LLC ) is a moving target for sure, Medley told FreightWaves ; phone numbers CoreFund. And intermodal businesses through invoice factoring companies who have gained a competitive advantage with invoice factoring fees. Should be your top priority - but managing financials can pull focus away closing! They are working with CoreFund there is no way for a factoring company reopened business!, provides working Capital for transportation, logistics, oilfield and intermodal businesses invoice! About $ 1,500, and we all need to stick together other law governs alienability ; exceptions. ] letter. None of the information below constitutes legal advice, and you should consult an attorney not. A process called transportation factoring or freight bill factoring start getting your cash fast today, all rights reserved:. New brokers you havent worked for in the past Capital - reviews tout it & # ;! Services at a discount positive, many reviewers have mentioned they are working hard to help small!, logistics, oilfield and intermodal businesses through invoice factoring has covered all aspects of information!: 877-807-3006 the petition states that CoreFunds bank accounts ( and thus entire business ) have wrongly! ( a ) [ other law governs alienability ; exceptions. ] it not only details their actions, well. Corefund clients as possible said in an already long queue to act for CoreFund meaning! Small 1 truck operators who are days away from your trucks former truckers and fleet owners, we understand.! Way for a factoring company telling you they can haul loads and get paid, Medley said an!
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