Century Equity Partners, LLC (“Century”) is a Boston based private equity firm that provides capital to lower middle market companies seeking investments to support growth or fund acquisitions, partial buyout or recapitalization opportunities. Century focuses on companies operating across the insurance, asset & wealth management, specialty finance, and banking and lender services sectors. I had run small businesses, I had access to capital, you know, concerns and issues and challenges and really wanted to be a part of this new wave of lending, This new wave of combining data and technology with a kind of lending criteria. Ours is asset based, and allowing small business owners the opportunity or affording them the opportunity to really access the capital they need through multiple points, and giving them multiple options. Established in 2016, and re-chartered in August 2018, the TFAC serves as the principal advisory body to the Secretary of Commerce on matters relating to access to trade finance for U.S. exporters.

Michael has spoken at the Paris FinTech Forum, the CFA and LendIt among others and has been featured, along with his companies, in Forbes, the WSJ and the Huffington Post. He is a former member of the US Department of Commerce Trade Finance Advisory Council as well as the Milken FinTech Advisory Committee. Michael received a Bachelor of Science from Cornell University and an MBA from the Stanford Graduate School of Business. Michael has assembled and leads a team to fulfill his vision of revolutionizing small business lending. He has been an operational and financial executive at primarily high-growth companies within the technology, financial services and infrastructure industries for the past 15 years.

The Credit Junction (“TCJ”) is the first data-driven, asset-based lending platform that is reinventing the way small and mid-sized businesses access working capital, growth and supply chain financing solutions. TCJ combines technology and data intelligence with traditional asset-based credit metrics and offers up to $7.5 million in capital availability. The TCJ platform captures, integrates and analyzes financial data to better manage risk and extract deeper insights into the health of a business. Since its launch in May 2015, TCJ has helped America’s suppliers, manufacturers and distributors access the capital they need to achieve their growth objectives. Century focuses on making investments in lower middle market companies that have demonstrated value propositions to the financial services industry.

We can do a lot more with the availability of data and the ability to take data real time and understand different components of your business in a way that potentially we were not able to in the past. We can run all sorts of analytics against reporting and how your business is progressing, to help the business owner understand things that maybe he or she didn’t see as they’re in the kind of day to day of it.

And at some point you take all those learnings and what I call really, Elizabeth, a heuristic, right? It’s these things that you can’t put on paper, it’s the things that you really can’t explain that actually lead you to make the decisions, right? I mean it’s easy to see numbers on a piece of paper or words on a piece of paper. Because everything you do in a small business doesn’t only affect yourself it affects everyone around. I ended up meeting Tim, his real name, in early 2009 I guess, before he exploded on the scene.

Find prospects, develop your lists, and track your marketing campaigns without even having to leave the RocketReach suite. Find the most crucial people you need to bring your product to with our advanced search features and then immediately take action, leaving your competition in the dust. Raising money from your community Less than 50% of banking capital reaches community businesses. Learn ways to fund your small business in this Xero Gravity podcast. Then you have the next segment of small businesses, which is actually the segment that we serve that are not necessarily what appears on main street, but really appears in industry.

So, we look at your receivables, we look at inventory, whether that’s finished goods, or working process, or raw materials depending on the kind of business you are. You may be buying goods and re-selling them as a distributor or you may be making goods as a manufacturer and we’ll look at those.

This investment provides The Credit Junction with growth capital to expand its ability to provide financing solutions to Supply Chain America, as well as commercialize its proprietary data and risk analytics platform. CEO & Founder of The Credit Junction, the first data driven asset-based lender. At TCJ, he sourced, negotiated and closed $250M in aggregate credit lines and over $60M of institutional and non-institutional equity. TCJ Lending was the first FinTech lender to offer loans up to $5M, and TCJ Data was the first real-time, high-resolution credit risk management platform. He has been an operational and financial executive at primarily high growth companies within the financial services, technology and media industries.

And he was really a kid out of Sweden and we ended putting out a little compilation that he did for us. He deserves it, he’s a great guy and he’s worked extremely hard and he deserves all the success in the world. So I, you know, I like watching people and observing people get what they deserve. I mean I haven’t spoken to him in four years, but yes, I do know Avicii. In addition, risk models with expansive scope involving not just a borrower, but third parties, supply chains, and logistics will provide validated metrics on orders, payments, and more. Seltzer predicts lenders will now manage exposure cost-effectively, across an entire portfolio, by looking at the detailed collateral underneath all of their loans.

Let The Credit Junction Know You Want To Work There

Seltzer said that once borrowers understand how The Credit Junction is creating a real-time, high resolution view of their businesses, they start to become more aware of the importance of metrics and data in other areas of their business. Usually the borrowers then start creating their own models of business activity, which helps improve management and growth. Seltzer said lenders always compete on rates based on the information they have to work with. With a better risk model, good borrowers are recognized and rewarded and more volatile smaller businesses may have more access to credit. Justin is currently the Founder and Managing Partner of SenaHill, a leading FinTech merchant bank. Previously, Justin was the CEO and Chairman of The Receivables Exchange the first marketplace for the purchase of working capital, and held executive level roles at Citigroup and Lava Trading. Previously he worked in the Financial Services & Technology groups at the investment banks DLJ, UBS and Salomon Brothers.

These could be suppliers, they can be distributors, they can be manufacturers and traditionally those business are doing a few million dollars a year in sales, upwards of 10, and need a couple million dollars to satisfy a certain problem or buy a new piece of equipment. There’s the companies that need up to $250,000 and those that need 250 to 5 million. I think it’s pretty clear to say anything less than kind of $5 million would classify as a small business. When the 2008 financial crisis hit and it got harder and harder for small businesses to get bank loans, Michael knew he wanted to be part of the solution. He brings a wide variety of experience to this conversation, including his former life as the owner of a record company. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices.

Stealth Startup

And some of us are right from some businesses and some of us are not, and I think there’s a lot of information out there which lends itself to noise. On Xero Gravity #53, Michael shines the light on what are retained earnings this new source for financing your small business. He shares how asset-based lending means more choices, better information, a rock-solid pricing model, and access to capital anywhere in the world.

• Century focuses on companies operating across the insurance, asset & wealth management, specialty finance, and banking and lender services sectors.
• On Wednesday, May 13th The Credit Junction, an online platform helping transform the customer experience for small and mid-sized businesses seeking loans, will provide insights into the current online lending space.
• Tell The Credit Junction you’re interested in working at the company, while keeping your personal identity anonymous.
• The Credit Junction is an asset-based lending platform that provides working capital and growth financing solutions for small and mid-sized businesses.

I really get focused on the use, the kind of business we’re serving, and the use of those funds. And whether that’s $ ,000 or $2-3 million, I think each business is unique. The first group are companies that need anywhere between $50,000 and call it $250,000, that traditionally are what we call mainstreet. These are great businesses — restaurants, they could be wine stores, they could be barber shops — and these appear countless times across this country in small towns and big towns, in major cities, in smaller cities. And those are run by entrepreneurs and small business owners that traditionally need, less than $ ,000. Julia is a Founding Partner at Oversand where she focuses on sourcing, supply chain, and brand building. A passionate educator and community builder, Julia is also a tech founder who has created award winning, innovative products for women’s health.

Michael Finkelsteinrelated People

They’re refocusing and there’s a time and a place for your traditional financial institution, but we’re also an option, as are a host of other companies. I really wanted to be a part of that new ecosystem that was forming. Up until now, The Credit Junction has been acting as a lender, making loans using its real-time, high-resolution underwriting model funded with capital from its investors.

As the CEO of Kalikha Inc., she focused on sourcing, sample testing, securing IP, brand building and marketing for niche products. Previously, Julia founded a high-end events company in Los Angeles. Oversand sits at the intersection of the commerce and digital ecosystem convergence. The company employs a data driven brand development process to identify lowest barrier to entry product opportunities with the highest degree of demand. Brand concepts are validated through proprietary vetting protocols and then advanced data and analytics are utilized to modernize their rollout and growth initiatives. The Credit Junction has the advantage that many startups do when attacking an established space. Seltzer was able to start over and build his platform in the cloud as a SaaS application, based on microservices, and with proprietary technology for handling some of the hardest parts of the process such as data ingestion.

Get Started In Seconds, It’s Free

To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. We reserve the right to block IP addresses that submit excessive requests. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. The company targets growth-oriented suppliers, distributors and manufacturers typically with revenues between $5 and $50 million offering up to $7.5m in capital. The Credit Junction, Llc has applied for 1 LC and LCA from fiscal year 2018 to 2020.

Since that time, Michael has been an operational and financial executive at primarily high growth companies within the financial services, technology and media industries. Michael is a Founding Partner at Oversand where he focuses primarily on deal sourcing, capital raising and strategic partnerships. Prior to starting Oversand, Michael spent six years as the CEO & Founder of The Credit Junction, a leading FinTech lending and analytics platform. Michael has been an operational and financial executive at primarily high growth companies within the financial services, technology and media industries and has successfully raised an aggregate of $350M in debt and equity for those businesses. The Credit Junction is a technology-enabled, online marketplace lending platform focused on providing working capital and supply chain financing solutions.

The Credit Junction Funding, Investor And Contact Details

The management of risk in general for an entire portfolio of existing products can dramatically improve. To access all the content for free, please sign up by entering your email.

As the the product and market fit becomes more clear, The Credit Junction will find itself now facing the challenges of being not just a tech-enabled lender, but an enterprise company selling into the financial services market. AltFi provides market-leading news, opinion, insights and events for the rapidly-growing michael finkelstein credit junction alternative finance and fintech community. Our core focus is on disruption to lending, banking and investing, including alternative lending, challenger banks and digital wealth management. I think when it comes to data, I think data can really be an addendum to it, it can enhance all those areas.

To ensure the most secure and best overall experience on our website we recommend the latest versions of Chrome, Edge, Firefox, or Safari. Alabama may be small in size, but its ability to accommodate businesses seeking success is vast.

Don’t miss this opportunity to grow your small business with stronger working capital. Experts from The Credit Junction will be on hand to talk about working capital loans, alleviating working capital needs and cash flow problems, and decreasing overall borrowing time and funding costs. By using this site, you are agreeing to security monitoring and auditing. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Your request has been identified as part of a network of automated tools outside of the acceptable policy and will be managed until action is taken to declare your traffic.

But this does not mean they really hired 1 foreign workers during this period. When an employee renews or transfers his H1B visa or change work location under some circumstances, he will also file a new LCA application. The Credit Junction, Llc normal balance has filed 1 labor condition applications for H1B visa and 0 labor certifications for green card from fiscal year 2018 to 2020. Please note that 1 LCA for H1B Visa and 0 LC for green card have been denied or withdrawn during the same period.

Company Overview

The company has been focused on the lower end of the mid-market and just secured $150 million more capital to lend. Indeed, talking to Seltzer recently about what this high-resolution view makes possible made me realize that the context I focused on in previous articles was too small. In my previous examination of The Credit Junction, it seemed that the only thing the borrower could get if you introduced this high-res, real-time lending model into an existing relationship was a lower rate. New types of lending and credit products will become possible because the risk profile of the borrower can be determined in detail. External links to other Internet sites should not be construed as an endorsement of the views or privacy policies contained therein. The Credit Junction, a NYC-based data-driven, asset-based lender for small and mid-sized businesses, secured a $150m credit facility from MidCap Financial. Power up your marketing and get people to pay attention to your business, pursuit, or clients.

Author: Andrea Wahbe