Capstone Business Funding, LLC and National Minority Business Counsel establish Credit Fund 25 Million for qualified MWBEs
When you place John F. Robinson, President and CEO of the National Minority Business Council, Inc in the room with Joseph F. Ingrassia, Managing Member of Capstone Business Funding LLC, “said Alvin Hartley, Director of Diverse Lending, Capstone Business Funding LLC” things begin to happen.
Decades ago, minority business owners found it nearly impossible to receive funding for their businesses. Though minority owned businesses have more opportunities to access third party capital, the stigma from decades past lingers like a faint scar. The NMBC, as a non-profit organization for over 43 years has offered a variety of services for its members. “Having Capstone Business Funding, LLC as a funding resource will help provide endless growth opportunities for our members,” said John F. Robinson, President and CEO of NMBC. “ It has always been our goal to help our members grow through, networking, training, workshops, access to funding and procurement opportunities.” said Mr. Robinson. Capstone will allow our qualified members and new members to receive the financial support they have been seeking for many years. Any NMBC member who is qualified and is in good standing with the organization will be able to apply for funding for existing contracts and invoices. Capstone will also provide bid support to help NMBC members gain new contracts and fund related working capital expenses against accounts receivable representing completed work.
Headquartered in New York City, Capstone Business Funding, LLC is a private finance company focused on accelerating client cash flow. Capstone Business Funding, LLC provides client-specific solutions through Funding Services, Purchase Order (PO) Financing and Domestic and International Trade Financing. Capstone Business Funding, LLC’s financial services offer results to all construction trades, service companies, and wholesalers. “At Capstone, one our many goals is to help our clients grow their businesses, “said Joseph F. Ingrassia, Managing Member, Capstone Business Funding, LLC. “Providing funding support for the members of the NMBC, will allow us to help members that are already in the game, making moves and are ready to take their business to the next level.“
For further information and more details about this new financial initiative between Capstone Business Funding, LLC and the National Minority Business Council, Inc., please contact Mr. Alvin Hartley at 347-234-5304 or John F. Robinson at 347-289-7620. This new service provided by Capstone Business Funding, LLC and the NMBC is another step by both organizations to service the financial needs of the minority business community. You may visit the website of Capstone Business Funding, LLC at http://capstonetrade.com/ or the NMBC website at http://NMBC.org for more information