Receiver works to get truckers paid after CoreFund Capital's abrupt closure . CoreFund Capital, which is based in Texas, suddenly closed its doors late last month and fired all of its staff amid a legal dispute between two brothers involved in the company's ownership. CoreFund Capital | Weatherford TX Apply Now! In addition, a revocation is required of the notice of assignment that was sent to these truckers clients telling them to make their payments to CoreFund, who then pays the truckers. Factoring companies purchase outstanding invoices from companies with slower-paying customers to provide them with immediate cash flow. CoreFund Capital LLC can be contacted via phone at (800) 405-5464 for pricing, hours and directions. They maintain that they are legally and physically unable to release funds or send release letters, however. UNLOCK PREMIUM DATA WITH DATABOOST This is especially important given that I also have a family and lots of responsibility. 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. BBB accredited since 5/8/2018. She said Hassenger plans to release the carriers that want to find a new factoring company but that many are choosing to stay with CoreFund.. 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. Download the FreightWaves app for unlimited access to news and insights (Android & iOS Available) Your E-mail Address. | CoreFund Capital LLC is a premier provider of financial services, specializing in business financing through invoice factoring services. Get Awesome Patriot Gear Today! About Us Trucker News . Uncover why Corefund Capital is the best company for you. 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. They treat you like family everyone know your name and if you have any problems you can talk with upper management immediately. 29003 Followers. Last week, a District Judge in Parker County, Texas, Graham Quisenberry, appointed a receiver acting on behalf of CoreFund in the hopes of helping truckers to access their funds faster. They answer questions and handle our business promptly in a professional and courteous manner. We have been with them for about three years and have never had a hurdle we could not get over together. Field is required! They are flexible and progressive in their approach to provide the absolute best service, whether their client has one or 1,000 trucks. Receiver works to get truckers paid after CoreFund Capital's abrupt closure. I can go on and on but Ithink you get the message. The credit facility was structured by CoreFund Capital with a wholly-owned subsidiary of a publicly traded company through an amended secured accounts receivable facility. We also ensure all reviews are published without moderation. For the Vaccinated: NANO SOMA* CoreFund Capital is the premier full-service freight bill factoring company in the USA. The law firm Warren Fonville of Fort Worth, Texas, which is representing the younger Sacks, did not respond to FreightWaves request for comment. Try them first! You can read our entire affiliate disclaimer here. Get in touch with one of our factoring specialists today! If you're looking for a new factoring service and you're coming from CoreFund, give us a call +1 (410) 204 2084. As a (relatively) small trucking business with between one and 100 HGVs, competing with the big boys can be tough. Enjoy. 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. CONSHOHOCKEN, Pa., Jan. 27, 2021 /PRNewswire/ -- DrayNow, the first real-time intermodal marketplace, and CoreFund Capital, a premier full-service freight bill factoring company, are excited to. Two things are constantly on the mind of a truck driver: where can I find freight, and how do I get paid? I truly cant be more thankful to this company and its staff for doing everything they say they will do. Well as a truck an owner operator we all have challenges. They have really grown into a thriving company since they started 7 years ago. Click a Banner Below to Get Started, ~Everything on this site should be considered as entertainment ONLY, nothing else!~. Receive Daily Banned News StoriesTHEY Don't Want You to Know! CoreFund Capital, LLC, a subsidiary of GMA Factor, LLC, provides cash flow solutions to the Transportation . Sep 2014 - Present8 years 3 months. Get the App. Follow Us. Melissa Harris joined CoreFund Capital as vice president. Very honest and straightforward people over there. Business services Manufacturing Oil and gas Staffing. Proudly powered by WordPress In an email to FreightWaves, Buckalew said CoreFund is solvent and plans to stay open after the truckers get paid. This partnership aims to provide the best solutions to these questions for truckers everywhere. COA and Hemp Information. Shared with Public Being thankful not only shows good manners, but a simple expression of thankfulness can go a long way in relationships and communication with others. Return Policy | CONSHOHOCKEN, Pa., Jan. 27, 2021 /PRNewswire/ -- 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. Labeled Verified, theyre about genuine experiences.Learn more about other kinds of reviews. Through this agreement, DrayNow and CoreFund Capital will promote the core competencies of each company to their respective customer bases. Photo credit: Jim Allen/FreightWaves. Get unlimited access to our best features. Follow Conspiracy Music Guru Here. Business Overview. First Momentum Ventures as a "first money in"-investor, they help your startup to gain its first momentum by backing you with a first investment as well as world-class mentoring, a strong community, and the required know-how. This is the CoreFund Capital company profile. 41 others named Todd Waller are on LinkedIn . As part of the original trust, Shim Sacks granted special power of appointment to Jacob Sacks. Download the FreightWaves app for unlimited access to news and insights (Android & iOS Available) Your E-mail Address. On July 18, a temporary restraining order and injunction were filed on behalf of CoreFund LLC. CoreFund Capital LLC is a premier provider of financial services, specializing in business financing through. Buckalew was hired to work with CoreFunds communications team and the receiver to address carriers concerns. Corefund Capital Discussion in 'Ask An Owner Operator' started by Judge, Aug 3, 2022. Treasuries. Everyone trying to call their account representatives or the general phone number were left getting only voicemails or "mailbox full" notifications. Read About All Possible Detoxing Options HERE. Hundreds of small-business truckers who use CoreFund Capital to factor their accounts receivable are struggling to stay afloat. First. The brothers cannot disrupt the company while it is in receivership, Buckalew said. We just need them to be allowed to do so.. Read our Pledge HERE. In light of this, we are reaching out to provide clarification and tips on what you need to know. Notice: There are affiliate links present on this website, both from the control of Survive the News and from other websites that we do not control. 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.. Shipping Policy Judy Bustos is the best!, when it comes to customer service she goes above and beyond. Useful. At the heart of the CoreFund Capital shutdown is a feud between CoreFund Capital founder Meir Sacks and his brother, Yaakov, and is related to a family trust. Learn more about each company on DrayNow.comand CoreFundCapital.com. Real-time tracking, transparent pricing and instant documentation among other things make the DrayNow platform the easiest way to move intermodal. The staff is just to AWESOME to go into detail.The only reason you got 5 stars is because they don't offer more then that. WHAT IS OFFERED: Free Same Day Funding Fax or Email Invoices Full Advance Options Free Credit Checks on potential Customers Free Invoice Auditing Extended Funding Times Saturday Funding to CFC Fuel Card Receiver works to get truckers paid after CoreFund Capital's abrupt closure . People who write reviews have ownership to edit or delete them at any time, and theyll be displayed as long as an account is active. Facebook: CoreFund Capital On July 18, drivers and businesses were shell-shocked to learn CoreFund had shut down, locked everything down, and went off the scope. By: Latest Press Releases from Newswire.com. 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. Since CoreFund Capital LLC was founded, the company has grown faster than the industry average. Our staff is hurting and struggling with this as we were completely blindsided, he wrote. The Weatherford, Texas-based company abruptly closed its doors 10 days ago and fired its entire staff over a legal spat between two brothers. 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. It also names CoreFunds longtime president, Bonnie Castillo, as the sole manager of CoreFund. Corefund Capital Profile and History . Great great service!!! 1,000 Different Studies Show Extensive Evidence of COVID-19 Vaccines Adverse Events, read them HERE. CoreFund capital has definitely made my opinion change and to be honest I never think twice about getting my money the day promised. Do to this companies and their loyalty to us, we were able to get back to work. CoreFund Capital LLC has a strong market share in their industry. Freightalent International Ltd 2018 - 2022 | Website Its unclear why Jacob Sacks created the new trust. DrayNow & CoreFund Capital Announce Partnership. CoreFund Capitals former business development officer Todd Waller, who was among the staff members fired, released a statement on LinkedIn about the lawsuit and its effects on small business truckers. 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. . Small business truckers who rely on CoreFund Capital for factoring their accounts receivable are now struggling to stay in business following the abrupt closure of the company. Reviews. Glassdoor gives you an inside look at what it's like to work at CoreFund Capital, including salaries, reviews, office photos, and more. Scott Coffey. CoreFund is dedicated to our clients and provides loyal service so you can focus on your business and keep your word to your clients! That's why it's useful to have a freight factoring company like CoreFund Capital on hand to give you a boost. Source: freightwaves - Receiver works to get truckers paid after CoreFund Capitals abrupt closure By: Latest Press Releases from Newswire.com. Pay Just S&H For Most Items! However, late Thursday, Parker County, Texas, District Judge Graham . Tel: 770.500.9435 adellinger [at]expressfreightfinance.com ********* Midway through the week of July 18th, clients reported being unable to reach CoreFund Capital, a freight factoring company based in Weatherford, Texas. When typing in this field, a list of search results will appear and be automatically updated as you type. (Natural News) Jason Medley, partner with law firm Spencer Fane in its Houston office, is representing more than 100 trucking companies that were affected by the CoreFund shutdown. 5 stars all day long. Companies can ask for reviews via automatic invitations. 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. Get on the road, stay on the road, and grow. May 19 DrayNow, the first real-time intermodal marketplace, and CoreFund Capital, a full-service freight bill factoring company, are excited to announce a new marketing partnership. Follow Us. CoreFund is a member in good standing with the International The closing of Corefund may prompt some carriers to seek payment directly from you. A review of court records in Pennsylvania, where both brothers live, shows that Jacob Sacks and his company, Sacks Medical Corp., pleaded guilty in federal court to money laundering and violating federal drug laws in February 2010. I feel for these guys because many are living load to load right now, but we legally cant pay the carriers directly because we have to pay CoreFund first.. CoreFund is a completely owned subsidiary of GMA Fund LLC, the holding firm for the Shim Sacks Household Legacy Belief, which he created in October 2014. Factoring companies purchase outstanding invoices from companies with slower-paying customers to provide them with immediate cash flow. I love Corefund Capital. Our commitment is to our clients by providing them with the cash flow solutions they need using a customized approach and a level of care and service they deserve. With a commitment to clients and a customized approach, CoreFund combines their cash flow solutions with a superior level of care and service. Harris is experienced in a range of factoring operations. 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.. January 27, 2021 at 10:00 AM EST. 150 Studies Proving the Ineffectiveness and Harm of Wearing Masks, read them HERE. Last updated: Oct 23, 2022 Powered by IT Spend by Aberdeen This year, CoreFund Capital is projected to spend $222.1K on IT, according to Aberdeen. Corefund Capital LLC is a Texas Domestic Limited-Liability Company (Llc) filed On September 12, 2014. News. Factoring Lines of Credit Business Loans Working Capital Equipment Leases Merchant Financing On January 9, 2019, freight factoring company, CoreFund Capital, and its sister dispatch company, HardCore Dispatch Services, announced the appointment of Bonnie Castillo as president over each entity. Transportation DISASTER: CoreFund Capital closure leaves trucking companies unable to pay their drivers or buy fuel, Karine Jean-Pierre Says Supreme Court Overturning Roe v Wade Was Unconstitutional (VIDEO), Bidens Corrupt Justice Department Contemplating Appointing Special Counsel if Trump Runs For President in 2024: Report, WATCH LIVE: Kari Lakes Arizona First Rally With Trump-Endorsed Candidates, Elon Musk Reportedly to Fire Half of Twitter Employees on Friday at 9AM PST, Biden Gave $1 Billion Via USAID to Afghanistan After the Taliban Took Over and Now Wont Share Where It Went, Project Veritas: Nevada Democratic Victory Staffer Bashes Hispanic Voters Latino Republicans Are the Reason Democrats Lose (VIDEO). CoreFund Capital understands the importance of strong relationships. This provides a frictionless way to get truck capacity from drivers. Contact Us Today! This is viewed as a positive step as the receiver could act on behalf of CoreFund to make the necessary payout arrangements, but it will still take some time for funds to be paid. January 27, 2021 at 10:00 AM EST. You can expect full transparency, professionalism, and decades of combined industry experience when you trust your factoring to CoreFund! CoreFunds UCC statements are still in place, and any factoring company that makes a loan is in a second lien position, she told FreightWaves. Although the companys executives have not released any statements about its future, some former employees who have access to the CoreFund Facebook account have been updating it in response to comments from panicked trucking customers. Get a reliable factoring company that doesn't require contracts or charge hidden fees. 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. Read More . Summary by Ground News Hundreds of small-business truckers who use CoreFund Capital to factor their accounts receivable are struggling to stay afloat. It goes against our guidelines to offer incentives for reviews. CoreFund Capital, LLC Appoints Bonnie Castillo New President - Read online for free. CoreFund Capital's services include: Non-recourse factoring programs Same-day payments Full advance programs I truly can't be more thankful to this company and it's staff for doing everything they say they will do. 1-877-381-0004 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. Bank accounts were empty, computer systems locked, and phones were disconnected. Get Cool Gear & Fund STN President at Corefund Capital. Small business truckers who rely on CoreFund Capital for factoring their accounts receivable are now struggling to stay in business following the abrupt closure of the company. As an Amazon Associate I earn from qualifying purchases. Corefund Capital is a small-sized business with medium revenue, that is new in . Demonstrating revenue growth that is faster than the industry average. Twitter, Facebook, Reddit, Medium, WordPress, Google, Gmail (literally), Blogspot, Instagram, Pinterest, LinkedIn, PayPal, LiveJournal, Soundcloud, Dailymotion, Vimeo, Tumblr, Flickr & Youtube and probably several others I forgot about. Find company research, competitor information, contact details & financial data for Corefund Capital LLC of Weatherford, TX. The Weatherford, Texas-based company abruptly closed its doors 10 days ago and fired its entire staff over a legal spat between two brothers. from 8 AM - 9 PM ET. Carriers get the flexibility of choosing their own loads and hauling locally to make money and get home every night. In a status hearing via videoconference on Wednesday with factoring companies, as well as attorneys and truckers, Medley said carriers just want to get back to work even if that means leaving CoreFund for another factoring company. Network Visualizer. Compare pay for popular roles and read about the team's work-life balance. all CoreFund staff are back in the offices today and working with the receiver to begin to reconcile accounts and payments. He warned factoring companies to be cautious if they decided to fund truckers because of the UCC liens and the notice of assignments that are still in place with CoreFund. They also needed 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. Privacy Policy We use dedicated people and clever technology to safeguard our platform. Theme: Newsup by Themeansar. 28931 Followers. No tricks or hidden fees. While the old trust only named Shim Sacks children as beneficiaries, the new trust lists both brothers children as beneficiaries.

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