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The receiver stated the goal is to . CoreFund executives have not issued a statement about the factoring companys future. 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 At this moment, the legal obligation is currently toCorefund, so under no circumstances should you issue payment directly to any driver. googletag.cmd.push(function() { We are fortunate to have dependable business partners such as Core.". 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.. Through this agreement, DrayNow and CoreFund Capital will promote the core competencies of each company to their respective customer bases. HEATED: Liberal Media ATTACKS McCarthy, He Retaliates by Exposing Democrats! This has left their clients scrambling to cover costs. CoreFund Capital LLC, a freight factoring company, is a premier provider of financial services, specializing in business financing through invoice factoring. I truly can't be more thankful to this company and it's staff for doing everything they say they will do. World leaders are viciously scapegoating the unvaxxed; WH tweet may DOOM Bidens vaccine mandate, Desantiss opinions cut through the political distraction; Poll shows Trump easily beats Biden 2024. This situation is an unfortunate circumstance, but unless and until you can confirm that the Notice of Assignment (NOA) and UCCs have been terminated, you have a legal obligation toCorefundand cannot release any payments to motor carriers. FEDS HAVE ENOUGH TO INDICT HUNTER/BIDEN WARNS OF NUCLEAR ARMAGEDDON. Strengths. Useful. Factoring Lines of Credit Business Loans Working Capital Equipment Leases Merchant Financing They answer questions and handle our business promptly in a professional and courteous manner. }); While the old trust only named Shim Sacks children as beneficiaries, the new trust lists both brothers children as beneficiaries. googletag.cmd.push(function() { var gptSlot = googletag.defineSlot('/21776187881/FW-Responsive-Main_Content-Slot1', [[728, 90], [468, 60], [300, 100], [320, 50]], 'div-gpt-ad-b1-i-fw-ad-1').defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads()); Who Is Placing Piles of Bricks at Protests? Some brokerages and other factoring companies say the newly appointed receiver may be crucial. 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.. Its unclear why Jacob Sacks created the new trust. Please check theCorefundwebsite as we plan to post information as soon as it is available,www.corefundcapitial.com, or their social media, www.facebook.com/CoreFund;www.linkedin.com/company/corefund-capital; orwww.instagram.com/corefundcapitalusa. CoreFund Capital will release your funds on the same day, too - even if it's a Saturday. Women said coronavirus shots affect periods. Thank you so much for your support, Friends. Fitton: Durham Should Hold John Kerry Accountable! CoreFund Capital, LLC, a subsidiary of GMA Factor, LLC, provides cash flow solutions to the Transportation . }); He said the CoreFund situation is rare in the factoring world. 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. In light of this, we are reaching out to provide clarification and tips on what you need to know. 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. I enjoyed my experience with my account managers service, This was my first time buying and investing BTC(BITCOIN), and while there were definitely some missteps on my end, your c 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. Fitton: What is the Biden Admin Hiding About John Kerrys Travel Records? Subscribe Now, Download the FreightWaves app for unlimited access to news and insights (Android & iOS Available), Copyright 2022, All Rights Reserved, FreightWaves, Inc, Receiver works to get truckers paid after CoreFund Capitals abrupt closure, Loaded & Rolling (Enterprise Fleet News/Analysis), Carriers unable to pay drivers, buy fuel after CoreFund Capital closes. WEATHERFORD, Texas, Nov. 16, 2020 /PRNewswire/ -- CoreFund Capital, LLC ("Core") has recently facilitated an increase to the credit facility for Innocap, Inc. (the "Company"), a global. Our commitment is to our clients to provide a superior product with complete transparency. Doctors speak out that an effective cancer treatment is being systematically shut down. Service Provider Type. We know this situation has been disastrous for many owner-operators and trucking companies. 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. We The People must be told TRUTH. CoreFund Capital LLC, a receivables finance company, is a premier provider of financial services, providing working capital for all size businesses through invoice factoring. Thank you for your continued patience as we work through these unfortunate circumstances. "CoreFund Capital and GMA Factor are supremely excited about Jim joining the team and propelling us into the future," Sacks says. In this video we will be talking with Todd Waller from CoreFund Capital about invoice factoring. Factoring - https://www.corefundcapital.com/ . 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. Website & Phone: 1880 Santa Fe Dr #400 Weatherford 76086 United States. Before joining FreightWaves, she wrote for Land Line Magazine and Trucks.com. They deliver factoring services as promised and provide exemplary customer service. The initial credit line provided to Unique Logistics International on May,31, 2020 was increased from $12,000,000 to $25,000,000 on November 2nd, to provide the necessary availability to support the ongoing growth for the Company. We'll outperform the competition mile after mile. This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things our plans, strategies and prospects -- both business and financial. All content is posted anonymously by employees working at CoreFund Capital. Factoring companies purchase outstanding invoices from companies with slower-paying customers to provide them with immediate cash flow. realDonaldTrump: I will be speaking at the SAVE AMERICA RALLY tomorrow on the Ellipse at 11AM Eastern. googletag.pubads().collapseEmptyDivs(); googletag.pubads().collapseEmptyDivs(); CoreFund is a great company to work for! Tony Ginevra, director of operations for Florida-based John J. Jerue Truck Broker, works with a network of 50,000 trucking companies, including 140 carriers in his database that factor their receivables through CoreFund Capital. "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. I choose not to knowingly vote in a fraudulent election. This is for people who would like all NationandState.com posts delivered to their email. Find out what works well at Corefund Capital from the people who know best. googletag.pubads().enableSingleRequest(); CoreFund Capital | 217 pengikut di LinkedIn. May 7. Rogue Food Conference Tennessee is All About Food Freedom, Dont Miss This Event on December 9-10! 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., Tagged Under: 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. The factoring company,CorefundCapital (Corefund) has ceased operations. However, late Thursday, Parker County, Texas, District Judge Graham . CoreFund Capital 275 followers 2mo Reduce your overhead, improve cash flow, and keep your truck on the road. I love Corefund Capital. CoreFund Capital, a factoring company based in Weatherford, Texas, went dark the week of July 18, 2022 with no warning or communication to clients or the public. window.googletag = window.googletag || {cmd: []}; 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. Dinner With An Insurrectionist/Black Debate in DC! Primary Office. Throw the shit at the monkey!, How the Great Reset Is a Plot of the Ultra Wealthy: Michael Walsh | Clip | Crossroads, How the Great Reset Is a Plot of the Ultra Wealthy: Michael Walsh | Teaser, Boston Labs 80 Percent Kill Rate Virus Criticized as Playing With Fire. googletag.pubads().enableSingleRequest(); He issued the following statement about the factoring companys ongoing lawsuit on LinkedIn. The below message is from the Court Appointed Receiver: I work with TimHassenger, the court appointed Receiver forCorefund. 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. 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. googletag.cmd.push(function() { Yes, they claimed the vaccines would prevent transmission, Federal Officials Trade Stock in Companies Their Agencies Oversee, Man Who Left Democratic Party Blasts Stephen Colbert for Calling Him Made Up, Hosting a Vodcast, Hugging a Crackhead, and Other Things Andrew Cuomo Has Been Doing While Plotting His Political Comeback, Bad Blood in the West Wing: Kamala Carps at Bidens Ultra-Maga Catchphrase, Enamorandonos USA de hoy Directo 19 de Mayo 2021 #EnamorandonosUSA, Enamorandonos 19 Mayo EN VIVO #EnamorandonosUSA, Enamorandonos USA Capitulo EN VIVO | 19 de Mayo 2021 #EnamorandonosUSA, Mad(off)Joe: Cyber Pandemic 2021: POLYGON, WEF, Internet of Bodies #WeKnowHisName, Navy Hydrogel 5G Implant, Global Catastrophe Med Fascism #WeDoNotConsent, Border: Children Are The Drug, Phillips Virus Wish to kill Humanity, China, Russia, And Iran Seek To Influence 2022 Midterm Elections: Cybersecurity Chief, Pivotal Moment JPMorgan Completes First DeFi Trade On Public Blockchain. Law enforcement is watching you very closely! var gptSlot = googletag.defineSlot('/21776187881/Sidebar2EAS', [[300, 250], [336, 280], [300, 600]], 'div-gpt-ad-b8-i-fw-ad-7').defineSizeMapping(gptSizeMaps.sidebar1).setCollapseEmptyDiv(true).addService(googletag.pubads()); Call Ashley Vogan at Triumph at (915) 331-1606 (Office) Be sure to tell her I . The COVID Pandemic is A Coup dtat, A Global Takeover Referred to as The Great Reset, Australia: Renewable Energy or Reliable Energy But Not Both. Page 1 of 2 1 2 Next > Aug 3, 2022 #1. I love Corefund Capital. Dallas/Fort Worth Area. While the old trust only named Shim Sacks children as beneficiaries, the new trust lists both brothers children as beneficiaries. Our factoring agreements give you the freedom and flexibility to maintain your customer relationships with confidence and trust. | Rudy Giuliani and Mike Lindell | Ep. bubble, chaos, Collapse, CoreFund Capital, debt bomb, debt collapse, factoring company, finance, funding, money supply, panic, risk, small businesses, supply chain, truckers, truckingThis article may contain statements that reflect the opinion of the author. googletag.enableServices(); Carriers Unable To Pay Drivers, Buy Fuel After CoreFund Capital Closes, Statistically Indistinguishable From Zero: Wharton Study Finds Inflation Reduction Act Has No Impact On Inflation, ECB Tapers PEPP Bond Purchases To Moderately Lower Pace, In Stunning Strategy Reversal, Pentagon Will No Longer Rule Out Use Of Nuclear Weapons Against Non-Nuclear Threat, BREAKING: TRUMP GRAND JURY LEAK. 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. LLinWood: My lawsuit to enjoin GA Senate runoff was not heard by SCOTUS in time to stop the steal. googletag.pubads().enableSingleRequest(); gptAdSlots.push(gptSlot); It offers invoice factoring, freight factoring services, fuel card, and other services. Attorneys, rival factoring companies and brokerages have received numerous calls from some of CoreFunds approximately 350 trucking clients, including many owner-operators, who are desperate for answers and may be forced to close their doors if they cant pay their drivers or purchase fuel. Watch: Just the News, No Noise with GOP Reps. Babin, Comer, Senate report reveals healthcare industry vulnerable to cyber attacks, Border Patrol agents are fed up with DHS Secretary Mayorkas and his policies, emails show, A Simple Guide on B2B Ecommerce Platforms for Manufacturers, How to Sell Cryptocurrency to Make a Profit, Top FBI Agent Resigns Amid Claims He Shielded Hunter Biden from Probe, Tim Hortons Offers a Free Coffee and Donut for Spying on People for Over a Year, Los Angeles Ends Citizenship Requirement for Government Jobs, Joe Biden is Here to Tell You If Youre Black Enough | Larry Elder, The Ultimate Trump Derangement Syndrome Compilation | Larry Elder, The Hong Kong Flu Killed 100,000 Americans, But the Economy Didnt Shut Down | Larry Elder. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. CoreFund Capital is a rapidly growing, invoice factoring company specializing in freight bill factoring for small to mid-size trucking companies. | Rudy Giuliani | Ep. 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. Shim Sacks did not respond to FreightWaves request seeking comment. @realDonaldTrump: Washington is being inundated with people who dont want to see an election victory stolen by emboldened Radical Left Democrats. Should you issue payment directly to the motor carrier? If you booked freight with someone else and are being contacted by the carrier or driver for payment, please read the below for tips on how to navigate this situation. Our customized approach provides clients with the cash flow solutions they need and the level of care and service they deserve.

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