CoreFund Capital Hires Harris as Vice President Melissa Harris joined CoreFund Capital as vice president. Page 1 of 2 1 2 . Both companies provide the utmost transparency andflexibility in their services and will continue to highlight this to the benefit of all truck drivers. 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. You can read our entire affiliate disclaimer here. We just need the folks behind the wheel to get released so they can haul loads and get paid, Medley told FreightWaves. However, late Thursday, Parker County, Texas, District Judge Graham . Get the App. Its unclear why Jacob Sacks created the new trust. 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 BBB accredited since 5/8/2018. They are flexible and progressive in their approach to provide the absolute best service, whether their client has one or 1,000 trucks. Follow Us. CoreFunds UCC statements are still in place, and any factoring company that makes a loan is in a second lien position, she told FreightWaves. 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. CoreFund is a member in good standing with the International Freight factoring is used by many drivers and is intended to provide upfront capital to run their businesses. NOTICE: This site is purely a religious organization, anything that seems like political or health based discussion is simply our religious doctrine and beliefs. Do to this companies and their loyalty to us, we were able to get back to work. DrayNow & CoreFund Capital Announce Partnership. Read About All Possible Detoxing Options HERE. Field is required! 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. President. 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. Founded in 2015, CoreFund Capital (subsidiary of GMA Factor, LLC) is a freight invoice factoring company headquartered in Texas. DrayNow Evan Noll - Director of MarketingEmail:[emailprotected], CoreFund CapitalNicolette Cohen -Marketing Administrator[emailprotected], Cision Distribution 888-776-0942 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. By: Latest Press Releases from Newswire.com. Also, this website is a participant in the Amazon Services LLC Associates Program. Verification can help ensure real people write reviews about real companies. Rival factoring companies have reported receiving countless calls from CoreFunds trucking clients, many of whom are concerned they will have to stop doing business because they cannot pay their drivers or buy fuel. You can expect full transparency, professionalism, and decades of combined industry experience when you trust your factoring to CoreFund! Great great service!!! With a commitment to clients and a customized approach, CoreFund combines their cash flow solutions with a superior level of care and service. According to court filings, Jacob Sacks exercised this special power of appointment he holds under the original trust and transferred the trusts assets, including the holding company that owns CoreFund, to a new trust he created, the Sacks Family Grandchildrens Trust, on July 12. January 27, 2021 at 10:00 AM EST. News. This provides a frictionless way to get truck capacity from drivers. Harris is experienced in a range of factoring operations. 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 companys ownership. CoreFund offers same-day factoring to trucking companies throughout the nation to help clients who need access to funds to make their payroll, purchase fuel or inventory, or fulfill orders. Nov. 16, 2020, 08:44 AM WEATHERFORD, Texas, Nov. 16, 2020 /PRNewswire/ -- CoreFund Capital, LLC ("Core") has recently facilitated an increase to the credit facility for Innocap, Inc. (the. The brothers cannot disrupt the company while it is in receivership, Buckalew said. . On Aug. 4, the factoring company reopened for business. Factoring Lines of Credit Business Loans Working Capital Equipment Leases Merchant Financing Field is required! Get the inside scoop on jobs, salaries, top office locations, and CEO insights. About Us Trucker News . The factoring company, Corefund Capital (Corefund) has ceased operations. The Weatherford, Texas-based company abruptly closed its doors 10 days ago and fired its entire staff over a legal spat between two brothers. They deliver factoring services as promised and provide exemplary customer service. They treat you like family everyone know your name and if you have any problems you can talk with upper management immediately. While the old trust only named Shim Sacks children as beneficiaries, the new trust lists both brothers children as beneficiaries. Useful. Rothman will be joining GMA and its family of companies to grow it into a multi-dimensional lender with. 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.Factoring companies purchase outstanding invoices from companies with slower-paying customers to provide them with immediate cash flow. Treasuries. DrayNow is the first real-time marketplace for matching intermodal freight with truck drivers. Real-time tracking, transparent pricing and instant documentation among other things make the DrayNow platform the easiest way to move intermodal. A court-appointed receiver is working to get hundreds of truckers' accounts receivable paid nearly three weeks after a legal feud between brothers led to the abrupt shutdown of CoreFund Capital, a Texas-based factoring company. Download the FreightWaves app for unlimited access to news and insights (Android & iOS Available) Your E-mail Address. He said the CoreFund situation is rare in the factoring world. Pay Just S&H For Most Items! It also names CoreFunds longtime president, Bonnie Castillo, as the sole manager of CoreFund. Currencies. If you purchase something from these links we or the owners of those links COULD get paid for that. more CoreFund Capital LLC is a premier provider of financial services, specializing in business financing through invoice factoring services. CoreFund is described as simple, transparent, and reliable, customers say they always deliver funds quickly and give services at a class-leading pace. Melissa Harris joined CoreFund Capital as vice president. DrayNow carriers can utilize CoreFund Capital as a quality factoring partner while CoreFund clients can sign up for DrayNow's hassle-free freight marketplace. When typing in this field, a list of search results will appear and be automatically updated as you type. As part of the original trust, Shim Sacks granted special power of appointment to Jacob Sacks. Get Cool Gear & Fund STN "We're very happy to work on this cross-promotion initiative with CoreFund Capital and have already found a great partner in them," says Evan Noll, Director of Marketing for DrayNow. Strengths. Reviews from Corefund Capital employees about Corefund Capital culture, salaries, benefits, work-life balance, management, job security, and more. International. I was never a fan of factoring companies simply because they all promise and never deliver. CoreFund is a great company to work for! Freightalent International are global talent and marketing specialist for the Freight, Forwarding, Shipping and Logistics industry. Field is required! See BBB rating, reviews, complaints, request a quote & more. On July 18, a temporary restraining order and injunction were filed on behalf of CoreFund LLC. Get the latest business insights from Dun & Bradstreet. Get in touch with one of our factoring specialists today! I can go on and on but Ithink you get the message. I am extremly happy, Friendly and very helpful and great at resolving issues very quickly, Information provided by various external sources. Any income made by this site is reinvested back into STN. 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. Anyone can write a Trustpilot review. (Natural News) 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. Scott Coffey. Business Overview. 150 Studies Proving the Ineffectiveness and Harm of Wearing Masks, read them HERE. 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. We have been with them for about three years and have never had a hurdle we could not get over together. The companies . Everyone trying to call their account representatives or the general phone number were left getting only voicemails or "mailbox full" notifications. Factoring Service in Weatherford, TX. In the marketplace model, brokers connect their freight with motor carriers, a previously untapped source of capacity for intermodal. 76008 Fans. In an email to FreightWaves, Buckalew said CoreFund is solvent and plans to stay open after the truckers get paid. CoreFund Capital | 229 followers on LinkedIn. Judy Bustos is the best!, when it comes to customer service she goes above and beyond. CoreFund Capital, LLC, a subsidiary of GMA Factor, LLC, provides cash flow solutions to the Transportation . If you're looking for a new factoring service and you're coming from CoreFund, give us a call +1 (410) 204 2084. COA and Hemp Information. Sponsored. Uncover why Corefund Capital is the best company for you. 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. 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. *Weve adopted it as such, its not ours. Harris is experienced in a range of factoring operations. 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. All content is posted anonymously by employees working at CoreFund Capital. Corefund has gone above and beyond to help Odyssey Logistics manage our cash flow. 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. I had a carrier trying to get us to pay him directly hes called me a dozen times today but theres nothing we can do until we have a notice of assignment from CoreFund that this trucking company has gone to them for funding and CoreFund sends us an invoice, which we will pay the same day, he said. (Recommended). This is especially important given that I also have a family and lots of responsibility. Try them first! Get a reliable factoring company that doesn't require contracts or charge hidden fees. CoreFund Capital LLC. Company: User ID: Password: v4.5.0.1811 Best viewed in Explorer 9.x and above, Firefox 35.x and above, Chrome 50.x and above. 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. Corefund Capital Profile and History . Return Policy 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. Corefund Capital LLC filed as a Domestic Limited Liability Company (LLC) in the State of Texas on Friday, September 12, 2014 and is approximately eight years old, as recorded in documents filed with Texas Secretary of State. Get on the road, stay on the road, and grow. Find out what works well at Corefund Capital from the people who know best. And there are tons of great factoring companies that are ready, willing and able to pick up the pieces. Aug 11, 2019. They answer questions and handle our business promptly in a professional and courteous manner. The closing of Corefund may prompt some carriers to seek payment directly from you. 24 were here. Cash flow is the biggest worry for all of us . 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. Complicating matters is a lack of communication from CoreFund executives and a failure to follow procedures that would enable other brokerages and factoring companies to help the affected truckers. No tricks or hidden fees. News. Download the FreightWaves app for unlimited access to news and insights (Android & iOS Available) Your E-mail Address. The receiver stated the goal is to have this done by the end of this week, Friday 8/5/22. We've been banned from: Twitter, Facebook, Reddit, Medium, WordPress, Google, Gmail (literally), Blogspot, Instagram, Pinterest, LinkedIn, PayPal, LiveJournal, Soundcloud, Dailymotion, Vimeo, Tumblr, Flickr & Youtube and probably . 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 . Business Development Officer at CoreFund Capital Santa Ana, CA. It offers a personalized service that's tailored to the unique needs of your freight business, with the rates to match. I love Corefund Capital. all CoreFund staff are back in the offices today and working with the receiver to begin to reconcile accounts and payments. Treasuries. Enter Your Credentials. Read More . Source: freightwaves - Receiver works to get truckers paid after CoreFund Capitals abrupt closure CoreFund Capital LLC is a premier provider of financial services, specializing in business financing through. Shim Sacks did not respond to FreightWaves request seeking comment. This partnership aims to provide the best solutions to these questions for truckers everywhere. 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. He has been great! It goes against our guidelines to offer incentives for reviews. Freight bill factoring with CoreFund Capital keeps your business rolling: Free same-day funding including Saturdays w/ no monthly minimum! By: Latest Press Releases from Newswire.com. Apply Now! It not only enhances our own lives, but makes other people feel appreciated, CoreFund Capital's services include: Non-recourse factoring programs Same-day payments Full advance programs 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. 28931 Followers. 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