It also names CoreFunds longtime president, Bonnie Castillo, as the sole manager of CoreFund. Corefund Capital | TruckersReport.com Trucking Forum | #1 CDL Truck 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. Follow Us. Reviews from Corefund Capital employees about Corefund Capital culture, salaries, benefits, work-life balance, management, job security, and more. President at Corefund Capital. Field is required! People who write reviews have ownership to edit or delete them at any time, and theyll be displayed as long as an account is active. Corefund|ClientWeb: CoreFund Capital, which is based in Texas, suddenly closed its doors late last month and fired all of its staff amid a legal dispute between two brothers involved in the company's ownership. CoreFund offers same-day factoring to trucking companies throughout the nation to [] CoreFund Capitals former business development officer Todd Waller, who was among the staff members fired, released a statement on LinkedIn about the lawsuit and its effects on small business truckers. Our staff is hurting and struggling with this as we were completely blindsided, he wrote. CONSHOHOCKEN, Pa., Jan. 27, 2021 /PRNewswire/ -- DrayNow, the first real-time intermodal marketplace, and CoreFund Capital, a premier full-service freight bill factoring company, are excited to. CoreFund Capital, LLC Provides $25 Million Credit Facility for 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.. 1,000 Different Studies Show Extensive Evidence of COVID-19 Vaccines Adverse Events, read them HERE. They deliver factoring services as promised and provide exemplary customer service. Lots of of small-business truckers who use CoreFund Capital to issue their accounts receivable are struggling to remain afloat after the Weatherford, Texas-based firm abruptly closed its doorways 10 days in the past and fired its total workers over a authorized spat between two brothers. Newport News Shipbuilding , Splunk Certified Architect/Security Engineer, coffee . 41 others named Todd Waller are on LinkedIn . Both companies provide the utmost transparency andflexibility in their services and will continue to highlight this to the benefit of all truck drivers. We've been banned from: Twitter, Facebook, Reddit, Medium, WordPress, Google, Gmail (literally), Blogspot, Instagram, Pinterest, LinkedIn, PayPal, LiveJournal, Soundcloud, Dailymotion, Vimeo, Tumblr, Flickr & Youtube and probably . With a commitment to clients and a customized approach, CoreFund combines their cash flow solutions with a superior level of care and service. Factoring company's sudden freeze leaves drivers in the cold - Land Line Shared with Public Being thankful not only shows good manners, but a simple expression of thankfulness can go a long way in relationships and communication with others. They offer a hybrid work schedule which allows me to work from home several days a week. Find company research, competitor information, contact details & financial data for Corefund Capital LLC of Weatherford, TX. Get the App. 2022 Trustpilot, Inc. All rights reserved. CoreFund offers same-day factoring to trucking companies throughout the nation to help clients who need access to funds to make their payroll, purchase fuel or inventory, or fulfill orders. Our commitment is to our clients by providing them with the cash flow solutions they need using a customized approach and a level of care and service they deserve. Get the App. 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. Rothman will be joining GMA and its family of companies to grow it into a multi-dimensional lender with. Get unlimited access to our best features. CoreFund Capital Hires Harris as Vice President Melissa Harris joined CoreFund Capital as vice president. President. Freight factoring is used by many drivers and is intended to provide upfront capital to run their businesses. 4. Compare pay for popular roles and read about the team's work-life balance. Harris is experienced in a range of factoring operations. "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. Shim Sacks did not respond to FreightWaves request seeking comment. After several communications with their team, we are allowing the receivers staff and the CoreFund staff (many of whom we are told returned to work under the pending receivership) to have time to access the computer systems and review the list of our carriers, which number slightly above 100 at the moment.. Corefund has gone above and beyond to help Odyssey Logistics manage our cash flow. 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. CoreFund is the only factoring company that has truly shaped their services, operations, and technology to fulfill their clients' needs. Company: User ID: Password: v4.5.0.1811 Best viewed in Explorer 9.x and above, Firefox 35.x and above, Chrome 50.x and above. Some small-business truckers were forced to cease operations or couldnt pay their drivers or buy fuel when CoreFund stopped answering phone calls or emails from desperate truckers after the office went dark July 18. GMA Funding LLC, a global leader in factoring and alternative commercial finance, announced that the board of directors have selected James Rothman as Chief Executive Officer of GMA Factor and its operating units GMA USA and CoreFund Capital. 5 stars all day long. As a part of the unique belief, Shim Sacks granted particular energy of appointment to Jacob Sacks. Although the companys executives have not released any statements about its future, some former employees who have access to the CoreFund Facebook account have been updating it in response to comments from panicked trucking customers. 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.. Business Development Officer at CoreFund Capital Santa Ana, CA. Melissa Harris joined CoreFund Capital as vice president. Scott Christiansen is the managing director for SafeWater Capital, the company overseeing the receivership for CoreFund.According to Christiansen, all of CoreFund's employees have returned to the office and business operations and procedures for the factoring firm have returned to normal. CoreFund Capital | 229 followers on LinkedIn. CoreFund Capital Reviews | Read Customer Service Reviews of Drivers on the hook after CoreFund Capital's sudden closure Patrick Rusniak. Corefund Capital Careers and Employment | Indeed.com CoreFund Capital employees are showing high interest in Password Reset , Password Protection , and Passwordless Identity, according to Bombora. This has left their clients scrambling to cover costs. Page 1 of 2 1 2 . They have really grown into a thriving company since they started 7 years ago. It offers a personalized service that's tailored to the unique needs of your freight business, with the rates to match. At the heart of the CoreFund Capital shutdown is a feud between CoreFund Capital founder Meir Sacks and his brother, Yaakov, and is related to a family trust. As part of the original trust, Shim Sacks granted special power of appointment to Jacob Sacks. Any income made by this site is reinvested back into STN. DrayNow carriers can utilize CoreFund Capital as a quality factoring partner while CoreFund clients can sign up for DrayNow's hassle-free freight marketplace. 28931 Followers. Well as a truck that an owner operator we have challenges. Strengths. I love Corefund Capital. Factoring company resumes operations - Land Line Free and open company data on Texas (US) company CoreFund Capital LLC (company number 0802063383), 1193 BEECHWOOD BLVD, PITTSBURGH, PA, 15206 She is very professional, has a friendly attitude and is always willing to answer all of my questions and walk me through the website when I need help. The Weatherford, Texas-based company abruptly closed its doors 10 days ago and fired its entire staff over a legal spat between two brothers. 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. Receiver works to get truckers paid after CoreFund Capital's abrupt Pay Just S&H For Most Items! In response to courtroom paperwork, Shim Sacks based CoreFund Capital in 2014. If you're looking for a new factoring service and you're coming from CoreFund, give us a call +1 (410) 204 2084. This partnership aims to provide the best solutions to these questions for truckers everywhere. Currencies. Editor: Clarissa Hawes. CoreFund Capital Hires Harris as Vice President - ABFJournal CoreFund Capital, LLC Provides $25 Million Credit Facility for CoreFund, Inc. | Business Finance & Lending! I truly can't be more thankful to this company and it's staff for doing everything they say they will do. Neutralizing the Spike Protein: Shikimic Acid*. Until CoreFund releases Uniform Commercial Code liens that were filed by the factoring company against the assets of carriers, truckers will be unable to get relief. Two things are constantly on the mind of a truck driver: where can I find freight, and how do I get paid? CoreFund Capital - Crunchbase Company Profile & Funding 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. That's why it's useful to have a freight factoring company like CoreFund Capital on hand to give you a boost. Management is very flexible, open, honest, and . Bonnie Castillo is the President at Corefund Capital based in Weatherford, Texas. CoreFund Capital Reviews & Profile | GoodFirms Todd Waller - Splunk Security Engineer/Architect 4 - Newport News Companies can ask for reviews via automatic invitations. CoreFund Capital LLC is located at 1880 Santa Fe Dr #400, # 400 in Weatherford, Texas 76086. Our commitment is to our clients by providing them with the cash flow solutions they need using a customized approach and a level of care and service they deserve. Photo credit: Jim Allen/FreightWaves. 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CoreFund Capital LLC :: Texas (US) :: OpenCorporates Some carriers expressed concerns that if they stay with CoreFund, they fear they will wind up in the same situation in a month or two if the feud between Meir Shim Sacks and his younger brother, Yaakov Jacob Sacks, isnt resolved. Very honest and straightforward people over there. Get on the road, stay on the road, and grow. We hope you dont mind as its expensive to pay for bandwidth and time to do this. Its unclear why Jacob Sacks created the new trust. Corefund Capital LLC in Pittsburgh PA - Company Profile - Corporation Wiki DrayNow, the first real-time intermodal marketplace, and CoreFund Capital, a premier full-service freight bill factoring company, are excited to announce a new marketing . Bank accounts were empty, computer systems locked, and phones were disconnected. Read About All Possible Detoxing Options HERE. Factoring Lines of Credit Business Loans Working Capital Equipment Leases Merchant Financing Invex News Privacy Policy Receiver works to get truckers paid after CoreFund Capital's abrupt I was never a fan of factoring companies simply because they all promise and never deliver. The Weatherford, Texas-based company abruptly closed its doors 10 days ago and fired its entire staff over a legal spat between two brothers. Led by industry veterans, the company is rapidly disrupting the logistics industry by solving the first and last mile problem, starting with the intermodal freight segment. DrayNow & CoreFund Capital Announce Partnership | BPAS First. CoreFund Capital Factoring Review (2022) - max truckers With a commitment to clients and a customized approach, CoreFund combines their cash flow solutions with a superior level of care and service. By: Latest Press Releases from Newswire.com. Follow Conspiracy Music Guru Here. LoadX Factoring helping CoreFund Capital Clients (with updates) from 8 AM - 9 PM ET. On Aug. 4, the factoring company reopened for business. DrayNow & CoreFund Capital Announce Partnership Sep 2014 - Present8 years 3 months. Another core objective was to offer the first all-inclusive fee program allowing clients clear insight into their factoring fees. Factoring companies purchase outstanding invoices from companies with slower-paying customers to provide them with immediate cash flow. The receiver stated the goal is to have this done by the end of this week, Friday 8/5/22. Carriers get the flexibility of choosing their own loads and hauling locally to make money and get home every night. . Two things are constantly on the mind of a truck driver: where can I find freight, and how do I get paid? James Rothman Named CEO of GMA Factor, CoreFund Capital NOTICE: This site is purely a religious organization, anything that seems like political or health based discussion is simply our religious doctrine and beliefs. Field is required! Factoring companies purchase outstanding invoices from companies with slower-paying customers to provide them with immediate cash flow. Some SMALL BUSINESS' are nolonger SMALL BUSINESS', some individualslost leases on their trucks, or now have to selltheir truck(s) and trailer(s), homes that willhave to be sold, etc. DrayNow & CoreFund Capital Announce Partnership We just need the folks behind the wheel to get released so they can haul loads and get paid, Medley told FreightWaves. We have been with them for about three years and have never had a hurdle we could not get over together. 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. All content is posted anonymously by employees working at CoreFund Capital. They treat you like family everyone know your name and if you have any problems you can talk with upper management immediately. GMA Funding LLC, a global leader in factoring and alternative commercial finance, announced that the board of directors have selected James Rothman as Chief Executive Officer of GMA Factor and its operating units GMA USA and CoreFund Capital. DrayNow & CoreFund Capital Announce Partnership. Find out how we combat fake reviews. Our international talent and recruitment services cover permanent positions across sales, operations and back office support roles. Working at CoreFund Capital | Glassdoor Buckalew was hired to work with CoreFunds communications team and the receiver to address carriers concerns. CoreFund Capital - Tech Stack, Apps, Patents & Trademarks - Crunchbase Enter Your Credentials. Glassdoor gives you an inside look at what it's like to work at CoreFund Capital, including salaries, reviews, office photos, and more. 76008 Fans. Karlsruhe Venture Capital Investors in Baden-Wrttemberg - Xstartups Bonnie Castillo - President - CoreFund Capital | LinkedIn CoreFund Capital, LLC Appoints Bonnie Castillo New President. CoreFund Capital | LinkedIn That is an unusual asset in business today. CoreFund Capital | Weatherford TX Carriers unable to pay drivers, buy fuel after CoreFund Capital closes Hundreds of small-business truckers who use CoreFund Capital to factor their accounts receivable are struggling to stay afloat after the company abruptly closed its doors. Apply Now! CoreFund was founded by industry veterans with the sole mission of making factoring easier and more transparent to truckers and the transportation industry. Last week, a District Judge in Parker County, Texas, Graham Quisenberry, appointed a receiver acting on behalf of CoreFund in the hopes of helping truckers to access their funds faster. This is a moving target for sure, Medley said in an email to FreightWaves. 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. CoreFund Capital, LLC Appoints Bonnie Castillo New President ***BEWARE ***I want to share critical information andtherefore, you may make your final decisionprior to signing on with this companyFirst, do your research on this company, go totheir BBB and read up on this company,hopefully it should be updated if not checkback and also do research on members.Google they have so much information.regret not doing, but I hope you willSecond, I want you to read two articles one by Landline (Landline media factoring companys), and Freightwaves (Freightwaves news carriers) I couldnt attach links.Lastly, MANY SMALL BUSINESSES recentlywere affected by the ignorance, selfish, greed,and unethical actions of this company's Owner(s). Special power of appointment to Jacob Sacks energy of appointment to Jacob Sacks aims to provide them with cash..., CoreFund combines their cash flow 's hassle-free freight marketplace, TX company abruptly closed its doors 10 ago. 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