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PRESS RELEASES
*Click on title to see the entire Press Release
2008
03/18/08 - Platinum Funding Group has signed an agreement for a $25-million accounts receivable factoring facility with Cumberland Valley Fabricators, Inc. and Waddell Construction, Inc. The facility funded the acquisition of the Virginia-based Waddell by Maryland-based Cumberland, both construction companies. The initial advance was provided against $3.4 million
01/29/08 - Platinum Funding Group, a leading factoring company, today announced the promotion of Anna Belkina to the position of Senior Business Development
01/21/08 - Platinum Funding Group, a leading factoring company, today announced that Dina Niron has been promoted to Senior Vice President of Business Development.
01/17/08 -
Platinum Funding Group, a leading factoring company, announced that it provided $250 million in financing for new deals in 2007
01/15/08 - Platinum Funding Group, a leading factoring company, announced a recent decision by Judge Shira A. Scheindlin of the Southern District of New York in Dessert Beauty, Inc. v. Platinum Funding Corp—a landmark case with significant implications for factoring and asset-based lending sectors.
01/10/08 - Platinum Funding Group, a leading factoring company, today announced the commencement of Thinking Outside The Box, a networking series to stimulate out of the box thinking among leaders of the financial community.
2007
12/11/07 -
Platinum Funding Group, a leading factoring company, announced today that Citibank has joined with JPMorgan Chase as a participating bank to provide finacing
11/06/07 -
Platinum Funding Group, a leading factoring company, announced today a two-year, $6-million financing facility for Cal Stonewood.
11/01/07 - Platinum Funding Group Provides $7 million in financing to a Manufaturing Company
10/15/07 - Platinum Funding Group Expands to West Coast Appoints Rick Collins as Business Development Manager in Los Angeles.
08/15/07 - Platinum Funding Group Appoints Mary Ellen Nixon-Moore Vice President of Underwriting.
08/08/07 - Platinum Funding Group provides $12 million factoring facility for IT consulting and staffing company.
07/18/07 - Platinum Funding Group Opens New Office in Atlanta; Appoints Dina Niron Vice President of Business Development
07/16/07 - Platinum Funding Group provides $3 million in financing to automotive industry service provider.
06/11/07 - Platinum Funding Group has completed factoring facility for a web design company.
05/22/07 - Platinum Funding Group has completed a two-year, $4-million factoring and purchase order finance facility for an apparel firm.
05/15/07 - Platinum Funding Group has entered into a factoring and purchase order funding agreement with a Maryland-based distributor of soy-based beverages.
04/26/07 - New York City-based firm relocates back-office functions to Midtown.
03/20/07 - Platinum Annouced Funding of $80 Million Within 48 Hours to Hawk One Security, Inc., a Minority-Owned Security Firm That Employs 1,100.
03/13/07 - Platinum Funds T-Shirt Time, Inc. and Pebo, LLC, Early-Stage Importers and Distributors of Apparel From Asia and Latin America
02/27/07 - Platinum Announces More Than $200 Million in New Deals in 2006, a Company Record.
02/13/07 - Platinum Funds Certus Software, Inc., a Governance Compliance Software Development Firm With $12 Million in Sales
02/07/07 - Platinum Funding Group Comples a Factoring Facility For An Early-Stage Wholesale Distribution Firm
01/30/07 - Platinum Funding Group Completes Letter of Credit for Growing Organic Foods Distributor
01/09/07 - Platinum Funding Group Completes Large Factoring Facility for Supplier to General Motors
2006
11/07/06 - Platinum Funding Group Provides Working Capital to Manufacturer in Chapter 11
09/13/06 - Platinum Provides $70 Million in Accounts Receivable Funding to Construction Company EEI
07/11/06 - JPMorgan Chase and N M Rothschild & Sons provide capital to Platinum
06/26/06 - Platinum Strengtens its Offering to Hedge Fund and Venture Capital Communities
06/20/06 - Platinum Funds 3 Deals in Record Time
04/25/06 - Platinum Brings Funding Solutions Tailored to VC
03/21/06 - Platinum Funding Group Announces Debtor-In-Possession Financing Deal with FEMA Sub-contractor
03/01/06 - Platinum Funds Firm Against $8 Million A/R
02/23/06 - Platinum Opens 5 Regional Offices
02/14/06 - Platinum Launches new Website