However, there are some complications with this figure given that RTS lacks transparency when it comes to their pricing. We are fortunate to have dependable business partners such as Core.". CoreFund Capital LLC, a freight factoring company, is a provider of financial services, specializing in business financing through invoice factoring. If you do not have this, Jason can pull it for you.
Copyright 2023 DAT Solutions, LLC. WebAbout us CoreFund Capital LLC is a premier provider of financial services, specializing in business financing through invoice factoring services. googletag.enableServices(); CoreFund will want to try and keep you, but will not force you to stay even if your contract is not up for renewal yet. Can they factor new brokers? At this moment there is no way for a factoring company to arrange buyouts or releases until this is resolved. More updates coming. No matter what you do, We will continue to be here to help you.
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. You save time by having your loan or lease directed to the most appropriate funding source. 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. However, a debtor or, whose deficiency is eliminated or reduced under Section. If you are owed money, we will likely simply reserve our right to seek it later. 
The company has recently merged with Accutrac Capital, another leading factoring company. It is never an easy situation to deal with when something like this happens and people are out of work through no fault of their own. 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. It not only details their actions, but also provides their home address., CoreFund Capital Facebook post, 7/23/2022 at 10:00pm cst. 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.
Headquarters Regions Dallas/Fort Worth Metroplex, Southern US. Instead of providing this information upfront, the company requires curious customers to contact them first.
But a buyout, or any other type of method through normal means, is impossible right now because there are no staff to process this. CDL Grad, No Experience
business regarding their efforts to resolve consumer complaints will be added 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. As we said from the beginning, we stand with the great staff that made CoreFund the success it was. fails to comply with a request regarding a list of collateral or a statement of account under Section. 6-11 Months
Both companies provide the utmost transparency andflexibility in their services and will continue to highlight this to the benefit of all truck drivers. Now some of you may have noticed in your CoreFund contract. CoreFund Capital LLC is a premier provider of financial services, specializing in business financing CoreFund Capital | Weatherford TX WebCategories: Factoring Services,Financial Services. Hes concerned about not being able to pay these carriers since hes had no communication with any of CoreFunds executives. That means that if your client doesnt end up paying the invoice, you will be liable for a chargeback. As a matter of policy, BBB does not endorse any product, service or business. This is exactly why factoring companies suck. Everyone knows this is a tough business and we all need to stick together! The credit facility was structured by CoreFund Capital with Innocap, Inc.'s wholly owned subsidiary, Unique Logistics International (NYC) LLC, through an amended Secured Accounts Receivable Facility.
However, DAT is not responsible for the quality, accuracy, or safety of the products or services offered by the affiliate companies.
They provide you with fuel card incentives/discounts and software to help you as a client to build the most profitable business., No chargebacks on cleanly delivered loads from approved brokers, Simple invoicing through the client portal and convenient mobile app, No monthly minimums, volume limits, or credit restrictions, Dedicated account manager to handle all cash flow and back-office needs.
Carriers get the flexibility of choosing their own loads and hauling locally to make money and get home every night. By checking this box and clicking the "Send me job offers" button below, I represent that I: By checking this box and clicking the "Send me job offers" button below. Harris is experienced in a range of factoring operations. googletag.pubads().collapseEmptyDivs(); Before you become an O/O you should take business classes and have atleast 20k in the bank. BBB Business Profiles are subject to change at any time. Two things are constantly on the mind of a truck driver: where can I find freight, and how do I get paid? Every client works with their own personal representative who understands their unique business needs. Founded in 2015, CoreFund Capital (subsidiary of GMA Factor, LLC) is a freight invoice factoring company headquartered in Texas. the court order brings us much closer to meeting the needs of CoreFunds factoring clients.. UCCs are regulated by law and all parties involved in a UCC filing must follow these regulations. 
WebHere at Core Fund Solutions, our emphasis is to provide you with timely, accurate and cost effective solutions to meet your fund administration needs. authorizes the filing, and the termination statement indicates that the debtor authorized it to be filed. 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. The only potential concern with altLINE is that the company doesnt offer a non-recourse factoring option. 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. Most likely the financing statement in your UCC does include this. googletag.enableServices(); We are thrilled to have Melissa on board. WebCoreFund Capital LLC, a freight factoring company, is a provider of financial services, specializing in business financing through invoice factoring. Q. Paying wages due is more important than obeying a dispute. 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. Now some of you may have noticed in your CoreFund contract Section 17.1.1(c) and (d). Legal Name CoreFund Capital, LLC. Wait. Plus, with Porter, truck drivers can access free fuel cards with fuel advances, as well as discounts at chains across the country. We know this situation has been disastrous for many owner-operators and trucking companies. If youre looking for a quality, reliable factoring company, theres no denying that CoreFund Capital may be a good choice for you. 
DISCHARGE OF ACCOUNT DEBTOR; NOTIFICATION OF ASSIGNMENT; IDENTIFICATION AND PROOF OF ASSIGNMENT; RESTRICTIONS ON ASSIGNMENT OF ACCOUNTS, CHATTEL PAPER, PAYMENT INTANGIBLES, AND PROMISSORY NOTES INEFFECTIVE.
ALIENABILITY OF DEBTORS RIGHTS. Every month 400 people find a job with the help of TruckersReport. When you work with Provident Commercial Finance, you get more than just a financial relationship you get a consultative relationship as well, meaning you can get advice on factoring that can help you grow your business. The petition is asking the Parker County, Texas District Court (Case No. 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. Company Type For Profit.
If you have ever done a load for this broker in the past, they likely still have a NOA on file and will not pay you. googletag.pubads().collapseEmptyDivs(); 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. Provident Commercial Finance, is another great option when it comes to account receivable factoring. 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. Sort. Choosing which load factoring company to work with is a big decision for any carrier. Everyone trying to call their account representatives or the general phone number were left getting only voicemails or mailbox full notifications. 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.
from 8 AM - 9 PM ET.
WebCategories: Factoring Services,Financial Services.
As of right now, NO FACTORING COMPANY has the ability to release you from your NOA or UCC. While the effect is not immediate the receiver still needs to officially step into the process by paying a bond, etc. With month-to-month agreements and no hidden terms or fees, why not start getting your cash fast today, All rights reserved.
PMB 2108, Loss caused by a failure to comply may include loss resulting from the debtors inability to obtain, or increased costs of, alternative financing. company to work with is a big decision for any carrier. 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. CoreFund Capital is the premier full-service freight bill factoring company in the USA.
AVOID THESE PREDATORY FACTORING COMPANIES. 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. Your name will not be used in a follow-up article without your permission. WebCoreFund Capital LLC, an invoice factoring company, provides business and cash flow solutions through full service invoice factoring. Feel free to pass this information along as you see fit. The overview includes a brief highlight of the key criteria you should be thinking about as you choose the right one for your business.
My company and business is heavily affected Ive been paying my drivers out of my pocket for the last month as well as fuel ?? 
With transparent pricing, no long-term contracts or commitments, and customized factoring programs to fit your unique business needs, the company stands out as the number one choice for factoring loads. All rights reserved. Small and Medium Businesses. googletag.cmd.push(function() { You can view the order here: https://hubs.ly/Q01hQDNy0. I Need CDL Training
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. Quasar Capital Partners is a Texas factoring company headquartered in Dallas that serves small businesses throughout the U.S. and Canada. Read More Business Details and See Alerts, International Association of Better Business Bureaus. The receiver stated the goal is to have this done by the end of this week, Friday 8/5/22. 5) No Online reviews, Your email address will not be published. 
With a commitment to clients and a customized approach, CoreFund combines their cash flow solutions with a superior level of care and service.
Attorney Jason Medley also stated his team has an emergency order ready to be filed Friday night if it doesnt look like progress with terminations have been made. This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things our plans, strategies and prospects -- both business and financial.
Will they? Before joining FreightWaves, she wrote for Land Line Magazine and Trucks.com.
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This is normal for factoring companies and acts as a form of protection for the factoring company in case of client or debtor default. DrayNow, the first real-time intermodal marketplace, and CoreFund Capital, a premier full-service freight bill factoring company, are excited to announce a new marketing partnership. (d) [Recovery when deficiency eliminated or reduced.]. Not likely.
Distance. altLINEs services and advantages include: According to altLINEs customer reviews, the companys customer service is outstanding.
We are doing everything in our power to restore things back to normal operations however we are currently unable to do so therefore we understand if our clients need to make other arrangements., CoreFund Capital Facebook Post, 7/22/2022 at 1:25pm cst, All, I would suggest you contact OOIDA. Contact Email info@corefundcapital.com. If you send them to CoreFund they will be placed in an already long queue. whose deficiency is eliminated under Section, may recover damages for the loss of any surplus. Harris has 20 years of experience in the factoring industry, working in general factoring early in her career and specializing in transportation factoring for the past 17 years. Need to file a complaint? Another standout freight factoring company is Apex. googletag.pubads().enableSingleRequest(); You can also reach out to new brokers you havent worked for in the past. WebCoreFund Capitals services include: Non-recourse factoring programs Same-day payments Full advance programs Discount fuel cards 24/7 online account access Extended hours, including Saturday funding No minimums No long-term contracts 3 Years
We hope the staff of CoreFund Capital are being taken care of. Real-time tracking, transparent pricing and instant documentation among other things make the DrayNow platform the easiest way to move intermodal. All forward-looking statements attributable to Innocap, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language. 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. Were hoping the receiver thats appointed will be able to get them released from CoreFund because until then, we cant help them.. Site: corefundcapital.com. Here an argument can be made that CoreFund did deem itself insecure and unable to perform its obligations through a series of Facebook comments made by its official Facebook account stating, We sincerely apologize for this situation and understand our clients who count on us are rightfully upset. Filter (0 active) Filter by. Of course, not everyone is looking for a non-recourse solution.
BBB reports on known marketplace practices. (a) [Other law governs alienability; exceptions.]. Distance Rating. 
This rate may vary based on the invoice's value, the speed at which you need to be paid, and the method through which you'd like your money (like a wire transfer). 
googletag.enableServices(); 4) No RipOffReport.com reports filed 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. Apply Now! With 4.6/5 stars on TrustPilot, Porter Freight Funding is the go-to factoring company for many industry experts.
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