April 3, 2018

NEW YORK, NY – Strategic Funding, a leading provider of alternative financing to small and midsize businesses, today announced the expansion of its executive team with the appointment of a new Chief Financial Officer and the addition of two key roles to the team. Anthony Rose has assumed the role of Chief Financial Officer; Jeffrey Newman joins the team as the company’s Chief Risk Officer; and Arun Narayan has been promoted to take on the new role of Chief Product Officer.

Rose, who developed strategic and financial initiatives at JPMorgan Chase, Credit Suisse and most recently, Dime Community Bancshares, brings over 15 years of leadership experience in the finance industry. In this new role, Rose will be responsible for charting the financial direction of Strategic Funding, while serving as the company’s strategic and tactical financial expert.

Newman, most recently Chief Credit Officer at Citibank’s US Retail Bank for Consumer and Small Business lending, will be leveraging over 25 years of experience to refine and enhance Strategic Funding’s credit, risk, and fraud management models. In addition, he will play a key role in managing the organization’s portfolio to ensure that the company meets its profitability goals.

Narayan, who has been with Strategic Funding since 2014, will be taking on the newly created role of Chief Product Officer to deliver the company’s next phase of growth through innovation across product development and management.

“We are excited to welcome our new executive team members,” said Andrew Reiser, CEO of Strategic Funding. “With the addition of these leaders we are confident that we now have the right team to transform our organization and bring Strategic Funding to its next level of growth.”

About Strategic Funding

Founded in 2006 and headquartered in NYC, Strategic Funding has been recognized by customers and the industry as one of the most reliable and respected names in small business financing. With flexible financing options, we provide small businesses with the working capital they need to take advantage of opportunities and grow. To learn more, visit www.sfscapital.com

###

September 19, 2017

NEW YORK, NY – Strategic Funding announced today the launch of Helix, a financing product created to provide easy and fast funding to independent healthcare practices. Different from other alternative types of financing, Helix makes larger funding amounts and longer terms available to healthcare professionals. Funding amounts range from $10,000 – $500,000 and terms go out as far as 36 months. In addition, the Helix product comes with a risk matrix built specifically for healthcare businesses allowing for more customized financing options and quicker approvals.

As a part of this launch, Strategic Funding has partnered with Bankers Healthcare Group (BHG), a leader in the healthcare financing industry since 2001. Through this partnership, Strategic Funding and BHG will be able to offer an expanded set of financing products to their customers, and extend new options to practices that have seen little to no alternative financing options in the past.

“Over the past few years, we have seen independent healthcare and medical practices struggle due to lower insurance reimbursements and longer wait times for insurance payouts. The combination of these two situations has made it difficult for many practices to consistently maintain a cash flow. This lack of working capital has resulted in disrupted operation and, in too many cases, practices needing to close or be sold to larger institutions,” said Andrew Reiser, CEO of Strategic Funding.

“We knew we wanted to create a product specifically tailored to meet the needs of the health care industry. Which is why we partnered with BHG. Leveraging their years of experience in the healthcare financing industry, we have created a product that makes sense for these practices,” adds Reiser.

“We are thrilled to be partnering with Strategic,” said Bob Castro, President and Co-founder of BHG. “Through this partnership we’re able to expand financing options available for these practices. Healthcare professionals require financing built to work with the unique business challenges they face. This partnership allows us to do that. We can now offer financing for terms that have not been readily available in the past. It’s a win-win for all involved.”

About Strategic Funding

Founded in 2006 and headquartered in NYC, Strategic Funding has been recognized by customers and the industry as one of the most reliable and respected names in small business financing. Since its inception, Strategic Funding has provided nearly $1.5 billion to small business owners across the country. With flexible financing options, the company provides small businesses with the working capital they need to take advantage of opportunities and grow. To learn more, visit www.sfscapital.com

About Bankers Healthcare Group (BHG)

BHG provides innovative, hassle-free financial solutions exclusively to healthcare professionals. Since 2001, BHG has funded more than $3 billion to satisfied customers nationwide and worked with more than 110,000 practitioners. BHG is proud to maintain partnerships with leading healthcare industry associations, and is continually recognized for innovation, continued growth and being a best place to work. BHG is partially owned by Pinnacle Financial Partners (PNFP). To learn more, visit www.bankershealthcaregroup.com.

 

June 27, 2017

NEW YORK, NY –  Strategic Funding, a leading provider of alternative financing to small and midsize businesses, announced today the appointments of two key members to its executive team. Aman Devgan has joined the company as Chief Marketing Officer and M. Jesse Carlson is assuming the role of General Counsel.

Previously Chief Marketing Officer at Propel Marketing, Devgan brings over 10 years of leadership experience in the digital marketing industry. In this new role, Devgan will provide guidance and direction in all areas of marketing and communications to continue to drive the growth and profitability of Strategic Funding.

Carlson, most recently counsel for the FDIC, will be using his 15 years of experience to provide strategic and legal advice to Strategic Funding’s executive and management teams, while ensuring that the company complies with all applicable federal, state and local regulations.

In addition to these appointments, Strategic Funding has brought on 63 new employees across their sales and operations departments throughout the first half of 2017. To accommodate this growth, Strategic Funding has further invested in its future by expanding into its third building in Midtown Manhattan.

“This is a very exciting time for us,” said Andrew Reiser, CEO of Strategic Funding. “Since our inception over a decade ago we have experienced accelerated, year-over-year growth. The new additions to our executive, sales and operation teams, as well as the expansion of our office space, are merely the next steps in securing our future as a top provider of financing to small businesses.”

Since 2006, Strategic Funding has provided $1.3 billion in financing to 32 thousand small businesses across the United States.

About Strategic Funding

Founded in 2006 and headquartered in NYC, Strategic Funding has been recognized by customers and the industry as one of the most reliable and respected names in small business financing. With flexible financing options, we provide small businesses with the working capital they need to take advantage of opportunities and grow. To learn more, visit kapitus.com.

###

January 5, 2017

NEW YORK, NY – Strategic Funding Source, Inc., today announced that it has entered into an agreement to integrate the United States operations of Capify into its adaptive proprietary operating platform. Both Strategic Funding and Capify have been providing non-bank financing options to small and mid-size businesses for over a decade. This integration enables Strategic Funding to expand its US operations by marketing to and providing capital to existing Capify customers who will, upon renewal of existing merchant cash advances or business loans, become part of the Strategic Funding family of customers.

“We are very pleased to have put together a deal with Strategic Funding that will provide our customers a future source of important capital. As a company that shares our values of providing simple, transparent and responsible access to capital for small and mid-sized businesses, it was a logical transition,” said David Goldin, Founder and CEO of Capify.

As part of the transition, many of Capify’s New York-based employees will become part of the larger and growing family of employees at Strategic Funding. The transition also allows Capify’s existing U.S. clients and partners the opportunity to take advantage of a larger variety of financing options, while still benefitting from the same standards of transparency and integrity that they have come to expect from Capify.

“It is rare that two companies in the same industry can come together and craft a synergistic deal that serves the best interests and strategies of each – but this integration does just that,” stated, Andy Reiser, CEO of Strategic Funding. “We have been friends of David and Capify for many years and have collaborated on and co-invested in the financing of many businesses over the years. We share the same focus on technology and quality underwriting that our customers, partners and the financial industry have come to expect from us. This transaction only strengthens the relationship between the two organizations.”

ABOUT STRATEGIC FUNDING

Founded in 2006 and headquartered in NYC, Strategic Funding has been recognized by customers and the industry as one of the most reliable and respected names in small business financing. With flexible financing options, we have provided over 35,000 small businesses with the working capital they needed to take advantage of opportunities and grow. To learn more, visit www.sfscapital.com.

 

July 15, 2015

NEW YORK, NY – Strategic Funding Source, Inc., a leading provider of direct financing to small and midsize businesses, today announced that it has closed on a $90 million revolving credit facility. Led by CapitalSource, a division of Pacific Western Bank, the loan agreement includes continued participation from East West Bank and the addition of BankUnited to the lending group.

“Gaining access to the capital needed to grow continues to be an issue for many of America’s hard working small business owners and our industry plays a crucial role in addressing that need,” said Andrew Reiser, Chairman and Chief Executive Officer, Strategic Funding Source. “With the support of our outstanding bank partners we have now more than doubled our borrowing capacity. Coupled with the $110 million line of equity financing we secured from Pine Brook in August 2014, we are poised to significantly expand our footprint in the robust and evolving small business lending space.”

Strategic Funding Source provides loans and cash advances to small businesses by combining advanced technology and insight based on years of experience as small business owners and financial industry experts. The company works directly with small business owners to identify their capital requirements and creates flexible, tailored financing options that suit their individual business models.

About Strategic Funding Source, Inc.

Strategic Funding Source finances the future of small businesses utilizing advanced technology and human insight. Established in 2006, the Company is headquartered in New York City and maintains regional offices in Virginia, Washington state, and Florida. Strategic Funding Source has served thousands of small business clients across the U.S. and Australia. Visit www.sfscapital.com to learn more about the Company, its financing products and partnership opportunities.

###

October 3, 2014

NEW YORK, NY – Strategic Funding Source, Inc., a New York City-based provider of financing options to small and midsize businesses (SMB), today announced that Ben Johnston has joined the company as Head of Strategy and Corporate Development.

In his role, Johnston will be responsible for all aspects of the company’s strategic and organizational objectives, including the planning, communicating, implementing and monitoring of strategy plans and initiatives. He will report to Strategic Funding Source Chairman and CEO Andrew Reiser.

Johnston brings immense finance experience to Strategic Funding Source, previously serving as a principal at Pine Brook, a New York-based private equity firm specializing in energy and financial services. Strategic Funding Source is a portfolio company of Pine Brook, which recently provided capital to promote the company’s future growth. At Pine Brook, Johnston sourced, evaluated and managed investments in the specialty finance, banking and insurance sectors, with a particular focus on small business lending. Before joining Pine Brook, Johnston held positions at Lightyear Capital and PaineWebber, Inc.

“We are excited to welcome Ben to the Strategic Funding Source team and look forward to his contributions to the company,” said Reiser. “He brings vast knowledge and experience within the small business space from his time at Pine Brook, and will be a great asset as we continue to grow in the industry.”

Johnston received his M.B.A. from the University of Michigan’s Ross School of Business and his B.A. from Colby College.

About Strategic Funding Source, Inc.

Strategic Funding Source finances the future of small businesses utilizing advanced technology and human insight. Established in 2006, the company is headquartered in New York City and maintains regional offices in Virginia, Washington state, and Florida. The company has served thousands of small business clients across the U.S. and Australia, having financed over $700MM since inception. Visit www.sfscapital.com to learn more about Strategic Funding Source, its financing products and partnership opportunities.

September 3, 2014

NEW YORK, NY –Strategic Funding Source, Inc., a leading provider of direct financing to small and midsize businesses, today announced that it has received a $35 million initial investment as part of a $110.0 million line of equity financing arrangement from Pine Brook, an investment firm focused on building businesses in the energy and financial services sectors. Pine Brook’s investment will provide the company with access to capital to promote future growth. Strategic Funding Source’s management team will continue to hold a significant interest in the company.

“It was important to find a partner that truly understands how we approach our business,” said Andrew Reiser, Chairman and Chief Executive Officer of Strategic Funding Source. “Pine Brook’s team has a sophisticated understanding of the financing landscape and of the unique market position that distinguishes Strategic Funding Source within the small business lending market. Their investment enables us to continue our rapid growth and enhance our technology in order to deliver more capital to small businesses both in the U.S. and internationally. We look forward to leveraging Pine Brook’s experience and relationships to accelerate the building of a leading small business lending franchise.”

Since its founding in 2006, Strategic Funding Source has provided loans and cash advances to small businesses by combining advanced technology and insight based on years of experience as small business owners and financial industry experts. The company works directly with small business owners to identify their capital requirements and create flexible, tailored financing options that suit their individual business models.

“Several years ago, Pine Brook identified small business finance as a critical and underserved component of economic growth, and we’ve been searching for the right partner to combine with our capital to take advantage of the significant market opportunity that exists,” said Robert Glanville, Managing Director of Pine Brook. “Strategic Funding Source is a perfect fit because Andy and his management team have the experience and talent, and the established platform necessary to manage accelerated growth. We believe the company is well positioned to increase market share while expanding to more businesses that are underserved by traditional sources of capital.”

Kirkland & Ellis LLP acted as legal advisor to Pine Brook and Proskauer Rose LLP served as legal advisor to Strategic Funding Source.

About Strategic Funding Source, Inc.

Strategic Funding Source finances the future of small businesses utilizing advanced technology and human insight. Established in 2006, the Company is headquartered in New York City and maintains regional offices in Virginia, Washington state, and Florida. Strategic Funding Source has served thousands of small business clients across the U.S. and Australia, having financed approximately $700MM since inception. Visit www.sfscapital.com to learn more about the Company, its financing products and partnership opportunities.

About Pine Brook

Pine Brook is an investment firm with more than $5.0 billion of assets under management that makes “business building” and other equity investments, primarily in energy and financial services businesses. Pine Brook’s team of investment professionals collectively has over 300 years of experience financing the growth of businesses with equity, working alongside talented entrepreneurs and experienced management teams to build businesses of scale without relying on acquisition leverage. For more information about Pine Brook, please visit the company’s web site at www.pinebrookpartners.com.

###