Table 18. State Financial
Company Description: State Financial is a family-owned accounts receivable finance company servicing the business community since 1967. State helps manufacturers, distributors and service providers who welcome a more personal relationship with their lender. Each and every loan-finance arrangement is personally overseen by Gary, Ed, Luz and the rest of the State team, who can make timely lending decisions without the bureaucracy of a typical finance company.
We help companies who may be unable to qualify for bank financing because they have outgrown current financial relationships, are too new or too small, suffered recent business losses or have a poor financial condition, tax liens or have filed bankruptcy. State financial frequently offers financing where banks will not because we evaluate risk differently than most banks do. If you are squeezed by payroll, in a seasonal bind or are just looking for some sorely needed working capital, we can help. We can also provide timely acquisition funding.
• State Financial provides working capital, turns accounts into cash, has a fast response time and refreshing flexibility
• Advances for seasonal needs, special buys or extraordinary circumstances
• Same-day borrowing, interest is charged only on the amount borrowed, no hidden fees
• No customer notifications in most cases and easy, day-to-day reporting
Investor: Luz Glickman