MultiFunding

MultiFunding is a national business leverage advisor and brokering firm that helps small- and medium-sized businesses across America find debt financing for their companies. MultiFunding has placed over 700 loans in 47 states. It has financing capabilities in excess of $25 million. In addition to conventional bank loans, MultiFunding provides businesses with alternative loan options such as SBA-guaranteed loans, asset-based loans, equipment loans, real estate loans, and mezzanine loans, among others. MultiFunding was founded by Ami Kassar in 2010. They mostly broker SBA-guaranteed loans and asset-based loans.[4][5][6]

MultiFunding
Type of site
Banking and Finance
Available inEnglish
Headquarters
Ambler, PA
,
United States
Founder(s)Ami Kassar[1][2][3]
(CEO)
URLmultifunding.com
CommercialYes
LaunchedFebruary 2010

Lending Partners

In addition to banks, MultiFunding partners with over 200 alternative lenders to provide businesses with loan options such as SBA-guaranteed loans, asset-based loans, equipment loans, real estate loans, and mezzanine loans, among others.

Types of Loans Placed

MultiFunding mostly brokers SBA-guaranteed loans and asset-based loans. MultiFunding is a strong advocate of securing SBA-guaranteed loans for its clients due to the loans’ competitive pricing and long amortization period. For clients who are rapidly growing, in turnaround situations, or undercapitalized, MultiFunding will typically recommend asset-based loans to utilize the clients’ balance sheets.

Banking Grades

In May 2012, MultiFunding launched Banking Grades, a site that allowed small business owners to search for banks that have a proven commitment to small business lending. Using public data from the Federal Deposit Insurance Corporation (FDIC), Banking Grades compared the amount of a bank's deposits to the number of loans that bank has made to small businesses. In order to receive an A grade, a bank needs to utilize 25 percent or more of its domestic deposits to make small business loans, e.g. loans that are $1,000,000 or less.[7] Banking Grades gave an A grade to over 2,500 banks in the US. The grading methodology and its results received both praise and criticism from academics, small businesses, and banks.[8]

gollark: ``` My printer isn't working #393Openwizzwizz4 opened this Issue 11 days ago · 0 commentsCommentsAssigneesNo one assignedLabelsNone yetProjectsNone yetMilestoneNo milestoneNotificationsYou’re not receiving notifications from this thread.1 participant@wizzwizz4@wizzwizz4wizzwizz4 commented 11 days agoI used to be able to use my printer, but after coming back from holiday it doesn't work. Every time I try to print, a box comes up and even after I close it it still doesn't work.```
gollark: It is truly glorious.
gollark: ```javapackage com.seriouscompany.business.java.fizzbuzz.packagenamingpackage.impl.math.arithmetics;import com.seriouscompany.business.java.fizzbuzz.packagenamingpackage.impl.ApplicationContextHolder;import javax.annotation.PostConstruct;import org.springframework.beans.factory.annotation.Autowired;import org.springframework.context.ApplicationContext;import org.springframework.stereotype.Service;import com.seriouscompany.business.java.fizzbuzz.packagenamingpackage.impl.strategies.comparators.integercomparator.IntegerForEqualityComparator;@Servicepublic class NumberIsMultipleOfAnotherNumberVerifier { private static IntegerDivider integerDivider; @Autowired private ApplicationContextHolder applicationContextHolder; @PostConstruct public void init() { final ApplicationContext applicationContext = applicationContextHolder.getApplicationContext(); this.integerDivider = applicationContext.getBean(IntegerDivider.class); } public static boolean numberIsMultipleOfAnotherNumber(final int nFirstNumber, final int nSecondNumber) { try { final int nDivideFirstIntegerBySecondIntegerResult = (NumberIsMultipleOfAnotherNumberVerifier.integerDivider.divide(nFirstNumber, nSecondNumber)); final int nMultiplyDivisionResultBySecondIntegerResult = nDivideFirstIntegerBySecondIntegerResult * nSecondNumber; if (IntegerForEqualityComparator.areTwoIntegersEqual(nMultiplyDivisionResultBySecondIntegerResult, nFirstNumber)) { return true; } else { return false; } } catch (final ArithmeticException ae) { return false; } }}```
gollark: `https://github.com/EnterpriseQualityCoding/FizzBuzzEnterpriseEdition
gollark: Not enterprise enough. Try again.

See also
  • JOBS Act

References
  1. www.bizjournals.com https://www.bizjournals.com/philadelphia/news/2020/04/17/with-ppp-paused-localfunding-expert-offers-advice.html. Retrieved 2020-07-10. Missing or empty |title= (help)
  2. TODAY, Paul Davidson USA. "Bye $600 jobless benefit, eviction reprieve, cash for small firms. COVID-19 relief ending". Bartlesville Examiner-Enterprise. Retrieved 2020-07-10.
  3. Giel, Hugh Son,Dawn (2020-04-02). "White House says small business lending will begin Friday, but JPMorgan says it's not ready". CNBC. Retrieved 2020-07-10.
  4. Rob Madelbaum (9 February 2011). "Small-Business Credit Markets, Assessed by a Loan Broker". New York Times.
  5. Catherine Clifford (3 January 2012). "The State of Small Business". Entrepreneur.
  6. "Small businesses ready for recovery, but their lenders aren't". The Joplin Globe. 1 July 2011.
  7. "Good small business grades for 'local' banks". The Avenue News. 31 May 2012.
  8. "New Web tool grades banks on their small-business help". The Baltimore Sun. Eileen Ambrose. 18 June 2012.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.