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 . It goes against our guidelines to offer incentives for reviews. 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. CoreFund Capital LLC is a premier provider of financial services, specializing in business financing through. Uncover why Corefund Capital is the best company for you. Corefund Capital is a small-sized business with medium revenue, that is new in . Read More 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. 2022 Trustpilot, Inc. All rights reserved. We also ensure all reviews are published without moderation. Get Paid Today! Previously, Bonnie was the Business Development Officer at Anson ia Credit Data and also held positions at Apex Capital Corp, Orange Commercial Credit, eCapital, CompuNet Credit Services. 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. Specialties: CoreFund Capital LLC is a premier provider of financial services, specializing in business financing through invoice factoring services. Treasuries. Freightalent International are global talent and marketing specialist for the Freight, Forwarding, Shipping and Logistics industry. 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. The services they provide is impeccable. Learn More D&B Reports Available for Corefund Capital LLC. May 7. Find company research, competitor information, contact details & financial data for Corefund Capital LLC of Weatherford, TX. Bank accounts were empty, computer systems locked, and phones were disconnected. I have always been able to call in and she will answer any and all questions to the best of her knowledge. CoreFund Capital LLC has a strong market share in their industry. That's why it's useful to have a freight factoring company like CoreFund Capital on hand to give you a boost. The law firm Warren Fonville of Fort Worth, Texas, which is representing the younger Sacks, did not respond to FreightWaves request for comment. Aug 11, 2019. Great great service!!! 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. Follow Conspiracy Music Guru Here. Download the FreightWaves app for unlimited access to news and insights (Android & iOS Available) Your E-mail Address. NOTICE: This site is purely a religious organization, anything that seems like political or health based discussion is simply our religious doctrine and beliefs. 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. Get the App. Harris is experienced in a range of factoring operations. 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. 76008 Fans. CoreFund was founded by industry veterans with the sole mission of making factoring easier and more transparent to truckers and the transportation industry. Freight factoring is used by many drivers and is intended to provide upfront capital to run their businesses. 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. For the Vaccinated: NANO SOMA* The Weatherford, Texas-based company abruptly closed its doors 10 days ago and fired its entire staff over a legal spat between two brothers. Design by, Small Fleet recap: How SONAR data can help position carriers into better markets, CubeSats rideshare to space featuring NASA, DOE numbers show big divergence between national, East Coast diesel prices, Q1 rail earnings preview: Service metrics, headcount, macro uncertainties, FreightWaves Classics/Pioneers: Col. John Stevens impacted steamboats, railroads, patents and more, CPGs still consider freight costs to be headwinds, Receiver works to get truckers paid after CoreFund Capitals abrupt closure, Carriers unable to pay drivers, buy fuel after CoreFund Capital closes. 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. Bonnie Castillo is the President at Corefund Capital based in Weatherford, Texas. He has been great! About Us Trucker News . 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. Business Overview. As a (relatively) small trucking business with between one and 100 HGVs, competing with the big boys can be tough. *Weve adopted it as such, its not ours. Get unlimited access to our best features. CoreFund Capital Hires Harris as Vice President. This provides a frictionless way to get truck capacity from drivers. All content is posted anonymously by employees working at CoreFund Capital. If you purchase something from these links we or the owners of those links COULD get paid for that. I love Corefund Capital. This is especially important given that I also have a family and lots of responsibility. The company's filing status is listed as In Existence and its File Number is 0802063383. (Natural News) Get the latest business insights from Dun & Bradstreet. 1,000 Different Studies Show Extensive Evidence of COVID-19 Vaccines Adverse Events, read them HERE. After several communications with their team, we are allowing the receivers staff and the CoreFund staff (many of whom we are told returned to work under the pending receivership) to have time to access the computer systems and review the list of our carriers, which number slightly above 100 at the moment.. DrayNow Evan Noll - Director of MarketingEmail:[emailprotected], CoreFund CapitalNicolette Cohen -Marketing Administrator[emailprotected], Cision Distribution 888-776-0942 CoreFund is dedicated to our clients and provides loyal service so you can focus on your business and keep your word to your clients! They offer a hybrid work schedule which allows me to work from home several days a week. In the marketplace model, brokers connect their freight with motor carriers, a previously untapped source of capacity for intermodal. 5 stars all day long. DrayNow & CoreFund Capital Announce Partnership. Scott Coffey. As an Amazon Associate I earn from qualifying purchases. He said the CoreFund situation is rare in the factoring world. DrayNow is the first real-time marketplace for matching intermodal freight with truck drivers. 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. Send us a message on Facebook. Melissa Harris joined CoreFund Capital as vice president. 150 Studies Proving the Ineffectiveness and Harm of Wearing Masks, read them HERE. The Registered Agent on file for this company is C T Corporation System and is located at 1999 Bryan St., Ste. Compare pay for popular roles and read about the team's work-life balance. | CoreFund Capital LLC is a premier provider of financial services, specializing in business financing through invoice factoring services. 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. Currencies. January 27, 2021 at 10:00 AM EST. The Weatherford, Texas-based company abruptly closed its doors 10 days ago and fired its entire staff over a legal spat between two brothers. CoreFunds UCC statements are still in place, and any factoring company that makes a loan is in a second lien position, she told FreightWaves. 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. Corefund Capital Discussion in 'Ask An Owner Operator' started by Judge, Aug 3, 2022. Companies can ask for reviews via automatic invitations. Try them first! Our international talent and recruitment services cover permanent positions across sales, operations and back office support roles. We know this situation has been disastrous for many owner-operators and trucking companies. President at Corefund Capital. The initial credit line provided to the client on May 31 was increased from $12 million to $25 million on Nov. 2 to provide the necessary availability to support the ongoing . ***BEWARE ***I want to share critical information andtherefore, you may make your final decisionprior to signing on with this companyFirst, do your research on this company, go totheir BBB and read up on this company,hopefully it should be updated if not checkback and also do research on members.Google they have so much information.regret not doing, but I hope you willSecond, I want you to read two articles one by Landline (Landline media factoring companys), and Freightwaves (Freightwaves news carriers) I couldnt attach links.Lastly, MANY SMALL BUSINESSES recentlywere affected by the ignorance, selfish, greed,and unethical actions of this company's Owner(s). Enjoy. Two things are constantly on the mind of a truck driver: where can I find freight, and how do I get paid? They deliver factoring services as promised and provide exemplary customer service. Patrick Rusniak. Find out how we combat fake reviews. As part of the original trust, Shim Sacks granted special power of appointment to Jacob Sacks. The companies . Capital Funding Solutions offers a wide-range of financial products including invoice factoring and PO financing to any size company. Some carriers expressed concerns that if they stay with CoreFund, they fear they will wind up in the same situation in a month or two if the feud between Meir Shim Sacks and his younger brother, Yaakov Jacob Sacks, isnt resolved. With a commitment to clients and a customized approach, CoreFund combines their cash flow solutions with a superior level of care and service. Treasuries. 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. Since CoreFund Capital LLC was founded, the company has grown faster than the industry average. You can expect full transparency, professionalism, and decades of combined industry experience when you trust your factoring to CoreFund! Neutralizing the Spike Protein: Shikimic Acid*. DrayNow & CoreFund Capital Announce Partnership. Strengths. Enter Your Credentials. Page 1 of 2 1 2 . CoreFund Capital is the premier full-service freight bill factoring company in the USA. I do not know what we would do with out COREFUND CAPITAL.THANK YOU THANK YOU THANK YOU. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. News. Another core objective was to offer the first all-inclusive fee program allowing clients clear insight into their factoring fees. We just need them to be allowed to do so.. No tricks or hidden fees. Corefund Capital LLC is a Texas Domestic Limited-Liability Company (Llc) filed On September 12, 2014. BBB accredited since 5/8/2018. This has left their clients scrambling to cover costs. 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. I was never a fan of factoring companies simply because they all promise and never deliver. Well as a truck that an owner operator we have challenges. 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. Privacy Policy 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. Management is very flexible, open, honest, and . CoreFund Capital LLC. Its unclear why Jacob Sacks created the new trust. Get Cool Gear & Fund STN CoreFund Capital LLC can be contacted via phone at (800) 405-5464 for pricing, hours and directions. Rothman will be joining GMA and its family of companies to grow it into a multi-dimensional lender with. 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. CoreFund capital has made my opinion shift and to be honest I don't think about getting my money guaranteed. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. News. Business Development Officer at CoreFund Capital Santa Ana, CA. I can go on and on but Ithink you get the message. This is a moving target for sure, Medley said in an email to FreightWaves. 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'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. Also, this website is a participant in the Amazon Services LLC Associates Program. Read About All Possible Detoxing Options HERE. While the old trust only named Shim Sacks children as beneficiaries, the new trust lists both brothers children as beneficiaries. 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. Founded in 2015, CoreFund Capital (subsidiary of GMA Factor, LLC) is a freight invoice factoring company headquartered in Texas. Corefund Capital Profile and History . They treat you like family everyone know your name and if you have any problems you can talk with upper management immediately. 28931 Followers. Factoring Service in Weatherford, TX. Field is required! International. Cash flow is the biggest worry for all of us . Money flow is the biggest concern for all of us. 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. 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.. It not only enhances our own lives, but makes other people feel appreciated, Shim Sacks did not respond to FreightWaves request seeking comment. We use dedicated people and clever technology to safeguard our platform. 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. 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. 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. Business services Manufacturing Oil and gas Staffing. 41 others named Todd Waller are on LinkedIn . Summary by Ground News Hundreds of small-business truckers who use CoreFund Capital to factor their accounts receivable are struggling to stay afloat. Hundreds of small business truckers depend on their services to stay afloat. 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. 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. The company's . (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. Newport News Shipbuilding , Splunk Certified Architect/Security Engineer, coffee . Reviews. The world has enough supply chain problems as it is. They answer questions and handle our business promptly in a professional and courteous manner. Very honest and straightforward people over there. The factoring company, Corefund Capital (Corefund) has ceased operations. 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 CoreFund Capital, LLC, a subsidiary of GMA Factor, LLC, provides cash flow solutions to the Transportation . 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. Field is required! I was never a lover of factoring companies because they promise and never deliver. Two things are constantly on the mind of a truck driver: where can I find freight, and how do I get paid? Legal Name CoreFund Capital, LLC Company Type For Profit Contact Email info@corefundcapital.com Phone Number 800-405-5464 Lists Featuring This Company Texas Companies With Less Than $10M in Revenue (Top 10K) 9,966 Number of Organizations $44B Total Funding Amount 4,872 Number of Investors Track 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. In light of this, we are reaching out to provide clarification and tips on what you need to know. 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. This is the CoreFund Capital company profile. This has left their clients scrambling to cover costs. I truly can't be more thankful to this company and it's staff for doing everything they say they will do. 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. Apply Now! CoreFund Capital's services include: Non-recourse factoring programs Same-day payments Full advance programs Led by industry veterans, the company is rapidly disrupting the logistics industry by solving the first and last mile problem, starting with the intermodal freight segment. We have been with them for about three years and have never had a hurdle we could not get over together. Buckalew was hired to work with CoreFunds communications team and the receiver to address carriers concerns. 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. Well as a truck an owner operator we all have challenges. Should you issue payment directly to the motor carrier? Freightalent International Ltd 2018 - 2022 | Website Photo credit: Jim Allen/FreightWaves. Receiver works to get truckers paid after CoreFund Capital's abrupt closure. 900, Dallas, TX 75201-3136. Some SMALL BUSINESS' are nolonger SMALL BUSINESS', some individualslost leases on their trucks, or now have to selltheir truck(s) and trailer(s), homes that willhave to be sold, etc. Theme: Newsup by Themeansar. 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.. Carriers get the flexibility of choosing their own loads and hauling locally to make money and get home every night. Through this agreement, DrayNow and CoreFund Capital will promote the core competencies of each company to their respective customer bases. Everyone trying to call their account representatives or the general phone number were left getting only voicemails or "mailbox full" notifications. Factoring amounts $ 20,000 $ 10,000,000 . However, late Thursday, Parker County, Texas, District Judge Graham . Proudly powered by WordPress Read More . Harris is experienced in a range of factoring operations. Judy Bustos is the best!, when it comes to customer service she goes above and beyond. That is an unusual asset in business today. Read our Pledge HERE. Learn more about CoreFund Capital with in-depth company details, verified client reviews and portfolios. Both companies provide the utmost transparency andflexibility in their services and will continue to highlight this to the benefit of all truck drivers. Real-time tracking, transparent pricing and instant documentation among other things make the DrayNow platform the easiest way to move intermodal. 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. Our staff is hurting and struggling with this as we were completely blindsided, he wrote. 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. See BBB rating, reviews, complaints, request a quote & more. Snc Transport Inc Ive been doing business with Corefund for four years now. Contact Us Today! 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. 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. By: Latest Press Releases from Newswire.com. CoreFund Capital | 229 followers on LinkedIn. CoreFund Capital, LLC Appoints Bonnie Castillo New President - Read online for free. 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. CoreFund Capital LLC, an invoice factoring company, provides business and cash flow solutions through full service invoice factoring. The closing of Corefund may prompt some carriers to seek payment directly from you. Currencies. "Corefund Capital" of Weatherford, TX 76086 operates primarily in SIC Code 6099 - Functions Related to Depository Banking, Not Elsewhere Classified and NAICS Code 522320 - Financial Transactions Processing, Reserve, and Clearinghouse Activities. You can read our entire affiliate disclaimer here. Get Awesome Patriot Gear Today! 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. NOTICE: This site is purely a religious organization, anything that seems like political or health based discussion is simply our religious doctrine and beliefs. Get a reliable factoring company that doesn't require contracts or charge hidden fees. We have worked with Francisco for the past few years and have never had a problem. A judge appointed a receiver on behalf of CoreFund, which may help truckers gain access to funds more quickly. I truly cant be more thankful to this company and its staff for doing everything they say they will do. They have really grown into a thriving company since they started 7 years ago. CoreFund Capital LLC is located at 1880 Santa Fe Dr #400, # 400 in Weatherford, Texas 76086. And there are tons of great factoring companies that are ready, willing and able to pick up the pieces. 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 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. 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.. 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. Here are 8 tips for writing great reviews. However, as a large group of truckers recently learned, freight factoring is not without its risks. John J. Jerue Truck Brokers Director of Operations, Tony Ginevra, explained to Freight Waves that he cannot pay carriers who factor receivables through CoreFund. It offers a personalized service that's tailored to the unique needs of your freight business, with the rates to match. When typing in this field, a list of search results will appear and be automatically updated as you type. Freight bill factoring with CoreFund Capital keeps your business rolling: Free same-day funding including Saturdays w/ no monthly minimum! 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. Get the App. Factoring companies purchase outstanding invoices from companies with slower-paying customers to provide them with immediate cash flow. CoreFund is a great company to work for! 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). We just need the folks behind the wheel to get released so they can haul loads and get paid, Medley told FreightWaves. . DrayNow carriers can utilize CoreFund Capital as a quality factoring partner while CoreFund clients can sign up for DrayNow's hassle-free freight marketplace. . 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. Factoring companies purchase outstanding invoices from companies with slower-paying customers to provide them with immediate cash flow. Dallas/Fort Worth Area. Employees found out that morning they were all terminated with prejudice. 29003 Followers. I am extremly happy, Friendly and very helpful and great at resolving issues very quickly, Information provided by various external sources.
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