Latest News
Plus Funding Group Completes a $500,000 Financing For A Plastics Color Manufacturer
Plus Funding Group (PFG), a New York-based specialty finance firm, has closed on a financing to a Tri-State area company that specializes in transforming raw plastics into custom color pellets for manufacturing. Proceeds will be used for working capital expansion, and to pay off some old accounts payable. Robert Blum, Chairman of Plus Funding Group, …
Frank Mancini joins Plus Funding Group as Senior Vice President
Plus Funding Group (“PFG”) is pleased to announce the addition of Frank Mancini as Senior Vice President, as part of the continued buildout of its platform. Mr. Mancini will be responsible for its new business development, underwriting prospective clients and portfolio management. PFG is a five-year-old specialty finance company located in White Plains, NY …
Axial Forum Features Plus Funding Group Chairman in Q&A on Factoring for SME CEOs.
Article on factoring is live on Forum “Is Invoice Factoring Right for Your Business?” by Meghan Daniels. CEOs looking for financing may not consider invoice factoring as an option. But for some businesses, factoring may be a great solution to jumpstart growth. What is Invoice Factoring? “Invoice factoring is a cash flow management tool that …
Plus Funding Group Completes $3.6 Million Financing of Acquisition of Aviation Fuel Systems Manufacturer
Plus Funding Group (PFG), a New York-based specialty finance firm, has closed on the financing of the acquisition by a sponsor group of an aviation fuel systems manufacturing company located in the Southeastern United States. PFG provided approximately $2.3m of receivables and purchase order financing, pursuant to a $4 million line to provide for future …
Plus Funding Group Announces Move To Enhance Product Offering
Plus Funding Group, a New York-based specialty finance firm focused on accounts receivables factoring and purchase order finance, has announced that it is joining offices with Downtown Capital Partners (DCP), a family office-affiliated alternative asset based lender serving lower middle-market companies, real estate projects and high net worth individuals. An affiliate of DCP owns and …
Downtown Capital Partners Announces Acquisition of Plus Funding Group, A Finance/Factoring Receivables Company
Downtown Capital Partners, LP (“DCP”) has acquired and recapitalized Plus Funding Group (“PFG”), a Tarrytown, New York-based commercial factoring company. DCP is an alternative asset based lender serving lower middle-market companies, real estate projects, and high net worth individuals. The terms of the transaction were not disclosed. PFG’s existing team and client base remain in …