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 controls Plus Funding Group.
This move is being undertaken with the objective of better serving the clients of both firms.
Robert Blum, Chairman of Plus Funding Group, and a senior advisor to DCP, stated that, “By sharing offices with DCP, we expect to be able to provide a broader range of financing capabilities to both our and DCP’s clients. In the six months that DCP has owned Plus Funding Group, our clients have already experienced the benefits that can come from our ability to provide not only factoring and purchase order finance solutions, but also complementary asset-based, work-in-process and real estate loans to our clients. Whether our clients need to factor $200,000 in monthly receivables or obtain a $20+ million ABL facility, our combined enterprises can now meet their needs.”
Plus Funding Group’s new address is:
360 Hamilton Ave., Suite 1110 White Plains, NY 10601
Plus Funding Group’s phone numbers and other contact information remain the same:
Toll Free: (855) 796-7578 Fax: (347) 338-2474 firstname.lastname@example.org
About Plus Funding Group:
Headquartered in White Plains, NY, PFG is engaged in the commercial factoring business. The company offers accounts receivable financing, purchase order, production financing (work in progress) and lines of credit to its clients. The company generates revenues and earnings primarily through the purchase and collection of receivables.
About Downtown Capital Partners:
DCP is an alternative asset based lender serving lower middle-market companies, real estate projects, and high net worth individuals. Since its launch in 2010, DCP has closed and funded over 30 transactions representing commitments of over $300 million in loans. DCP is affiliated with Downtown Family Advisors (DFA), a family office based in White Plains, New York that manages a wide range of public, private, and real estate investments.