Platinum Rapid Funding Group Hires Dynamic New CFO

Oct 18, 2017

Platinum Rapid Funding Group Welcomes Michael Kennedy, CFO

Uniondale, NY: Michael Kennedy, former CFO of BizFi, Mastercard Europe, and American Express Latin America, has joined Platinum Rapid Funding Group LLC. As CFO, Michael is a highly accomplished professional with over thirty years of industry experience, most recently serving as an effective strategist and visionary at BizFi.

Ali Mayar commented “we are so pleased to announce that Michael is officially on board, and we’re excited to continue on this road of growth and prosperity, now aided by his industry expertise. We view his appointment as a sign of our commitment to being the leading company in our industry.”

Michael Kennedy enthusiastically stated “I am thrilled to join Platinum Rapid Funding at this exciting time in the Company’s evolution. As their CFO, I am impressed with the strong foundation that Ali and his team have built and I look forward to helping them to bigger and better things.”

About Platinum Rapid Funding Group: Platinum Rapid Funding Group is a Merchant Cash Advance company that provides working capital to businesses nationwide. Founded in 2012, Platinum’s mission is to help businesses succeed by providing service to merchants seeking rapid alternative financing. Platinum has seen exponential growth by utilizing a unique business model, harnessing manpower, technology and proprietary data, placing them at the top of the industry standard.

3 Life-Changing Task Managing Apps for Small Business Owners

Oct 18, 2017

Own a Business that requires task management and project collaboration? No matter the size of your team, a virtual space to keep working parts organized and prioritized is key to staying on top of your business. Imagine a place where task lists are transparent and assigned. A place where deadlines have automated reminders and team members can message one another while you delegate and manage from your smartphone. This place more than exists- it is fully functioning, easily accessible and quite literally a click away. Here are some of these magical apps that will fulfill those wishes:

Preparations to Make Before Applying for a Merchant Cash Advance

Sep 20, 2017

Know Exactly Why You Need the Money

Determine why your small business needs a merchant cash advance and be prepared to elaborate on how those funds will help serve the purpose of growing and expanding your business. Your prospective funder will want to know the details, so be ready!

Prepare All the Necessary Documents

Merchant funding providers like Platinum Rapid Funding Group ask business owners to provide certain financial documents when applying for a Merchant Cash Advance. These papers include, but are not limited to, personal tax returns, business income tax returns, balance sheet, business license, income statement, article of incorporation, driver’s license, personal and business bank statements or logins. Know where all of these documents are, and have them ready so this part of the process can progress smoothly.

Be Prepared to Prove Your Business

Whether through photos, an on-site visit or a FaceTime call, merchant funding companies like to validate your business’ operation and will ask to see your working facility.

Landlord Verification

If you’re renting your business location, or even if you own, be prepared to provide the necessary documents to prove ownership through a mortgage statement, or by providing the contact information to your landlord. It’s helpful to give your landlord a heads up that the merchant lender will be calling, just to quickly verify that they are in fact your landlord, and that you’re paying your rent on time.

For more information and help getting your business organized for funding, call Platinum Rapid Funding Group: 866-905-5444.

How to Spot a Good Employee in the Interview Process

Sep 18, 2017

Your business is growing and you undoubtedly need more capable hands and minds working on your team. Your business is thriving, but one bad employee can hinder growth and team morale, so it’s wise to take your time and know the signs. Hiring is one of the most difficult tasks that a business owner or manager faces. Everyone wants to find someone that is a dependable and honest addition to the business. Every candidate is seemingly on their best behavior in an interview, and while their skill set on paper is what may have landed them in the chair in front of you, it’s the interview that will lend a view on their behavior, personality traits, and interpersonal skills. Hold off on those offer letters and read on. Here are some signs that the candidate sitting in front of you may not be a great future employee.

Read more

Platinum Partners with the Asian American Hotel Owners Association

Apr 14, 2016

Platinum Rapid Funding Group has become the exclusive funding partner of the Asian American Hotel Owners Association (AAHOA).

AAHOA has over 15,000 members and is the largest hotel owners association in the world. "Our enthusiasm to create this new relationship serves as the galvanizing force that will assure we attain deliverable results for AAHOA," said Platinum CEO Ali Mayar. The company originated more than $100 million in funding last year alone.

AAHOA's mission is to advance and protect the business interests of hotel owners through advocacy, industry leadership, professional development, member benefits, and community involvement. "We are delighted to partner with Platinum Rapid Funding and look forward to sharing their services with our members," said AAHOA President & CEO Chip Rogers. Platinum's unique business model is said to have played a role in AAHOA's selection, including among many other attributes, their "white glove" service.

This content was issued through the press release distribution service at prnewswire.

The Platinum Blog

Welcome to the Platinum Rapid Funding Group Blog. We'll keep you updated with industry news and other interesting posts.

The Platinum Rapid Funding Blog

We're Social

We also post on social media so be sure to follow us!

twit Linked In fb