Welcome!

News Feed Item

New Financing Company Makes Significant Impact On Business Financing In Debut Year

Pioneer Capital Group Scores One of Industry's Largest Deals for 2013

NEW YORK, Feb. 24, 2014 /PRNewswire/ -- Pioneer Capital Group (PCG), the New York City and Kingston, NY based financing concern offering  merchant cash advance, asset based lending and commercial mortgage services, has just concluded its first full year of operation with an impressive track record of success in its target market, small and mid-size businesses.  Founded by two former Rewards Network executives, Russell Dash, Patric Palcic, and business finance veteran Paul Hakim,  the new company provided funding to over 130 independent businesses, including a $2 million cash advance facility for a multi-unit restaurant group that Dash says may be the largest such deal of its type for 2013.

Dash and Palcic, with more than 30 years combined experience in aiding business owners in achieving their financial goals, and Hakim with 20 years of expertise in capital advisory and asset based lending,  attribute their early success in the growing alternative lending sector to three factors.  First, PCG through their capital partners is able to offer very aggressive rates for larger well qualified operations.  Secondly, PCG delivers a diverse product offering providing the right capital product to meet the needs of their clients.  The third factor crucial to the company's success is a signature innovation - PCG's exclusive Line of Capital, designed specifically for restaurant and retail operations.  It offers merchants next business day access to capital like a bank line of credit, but with far greater flexibility and without the massive application paperwork and bank restrictions.

"Capital is one of the key elements to business growth and success," notes Dash. "This product provides it quickly, easily and cost effectively.  We have a one page application and are able to turn around approvals in one to two business days."

PCG's Line of Capital program assures the availability of requested funds the next business day to pay unexpected expenses and to confidently take advantage of new business opportunities.   Clients report the ready access to cash is like having an insurance policy and that it makes their operations easier to manage.

Another aspect of PCG that distinguishes the company from its competitors and has been an important element in its success is the personalized approach PCG takes with clients.  PCG works with each client to custom tailor programs to meet their needs.  Indeed, Dash, Palcic and Hakim make it a point to be available to clients in a consulting capacity to help them meet both their long and near time objectives. 

"We have a breadth of offerings and take the time to understand our clients' business and capital requirements to identify the product that best meet their capital needs," states Palcic.  "It makes us different in a marketplace that tends to be rooted in online applications and pre-determined products."

In addition to the Line of Capital product PCG offers uncollateralized working capital and loans, commercial real estate mortgages and refinancing, as well as non-real estate asset based lending.

To learn more about PCG or explore how they can be an asset for your business visit their website at www.pioneercapgroup.com or call 888.811.8110

Media Contact:  Patric M. Palcic  212.633.6798, [email protected]   

SOURCE Pioneer Capital Group

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Discussions of cloud computing have evolved in recent years from a focus on specific types of cloud, to a world of hybrid cloud, and to a world dominated by the APIs that make today's multi-cloud environments and hybrid clouds possible. In this Power Panel at 17th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the importance of customers being able to use the specific technologies they need, through environments and ecosystems that expose their APIs to make true ...
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and G...
With more than 30 Kubernetes solutions in the marketplace, it's tempting to think Kubernetes and the vendor ecosystem has solved the problem of operationalizing containers at scale or of automatically managing the elasticity of the underlying infrastructure that these solutions need to be truly scalable. Far from it. There are at least six major pain points that companies experience when they try to deploy and run Kubernetes in their complex environments. In this presentation, the speaker will d...
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
In his session at 20th Cloud Expo, Scott Davis, CTO of Embotics, discussed how automation can provide the dynamic management required to cost-effectively deliver microservices and container solutions at scale. He also discussed how flexible automation is the key to effectively bridging and seamlessly coordinating both IT and developer needs for component orchestration across disparate clouds – an increasingly important requirement at today’s multi-cloud enterprise.
Modern software design has fundamentally changed how we manage applications, causing many to turn to containers as the new virtual machine for resource management. As container adoption grows beyond stateless applications to stateful workloads, the need for persistent storage is foundational - something customers routinely cite as a top pain point. In his session at @DevOpsSummit at 21st Cloud Expo, Bill Borsari, Head of Systems Engineering at Datera, explored how organizations can reap the bene...
We are seeing a major migration of enterprises applications to the cloud. As cloud and business use of real time applications accelerate, legacy networks are no longer able to architecturally support cloud adoption and deliver the performance and security required by highly distributed enterprises. These outdated solutions have become more costly and complicated to implement, install, manage, and maintain.SD-WAN offers unlimited capabilities for accessing the benefits of the cloud and Internet. ...
"DevOps is set to be one of the most profound disruptions to hit IT in decades," said Andi Mann. "It is a natural extension of cloud computing, and I have seen both firsthand and in independent research the fantastic results DevOps delivers. So I am excited to help the great team at @DevOpsSUMMIT and CloudEXPO tell the world how they can leverage this emerging disruptive trend."
In this presentation, you will learn first hand what works and what doesn't while architecting and deploying OpenStack. Some of the topics will include:- best practices for creating repeatable deployments of OpenStack- multi-site considerations- how to customize OpenStack to integrate with your existing systems and security best practices.
Security, data privacy, reliability and regulatory compliance are critical factors when evaluating whether to move business applications from in-house client hosted environments to a cloud platform. In her session at 18th Cloud Expo, Vandana Viswanathan, Associate Director at Cognizant, In this session, will provide an orientation to the five stages required to implement a cloud hosted solution validation strategy.
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
Everyone wants the rainbow - reduced IT costs, scalability, continuity, flexibility, manageability, and innovation. But in order to get to that collaboration rainbow, you need the cloud! In this presentation, we'll cover three areas: First - the rainbow of benefits from cloud collaboration. There are many different reasons why more and more companies and institutions are moving to the cloud. Benefits include: cost savings (reducing on-prem infrastructure, reducing data center foot print, redu...
DXWorldEXPO LLC announced today that "IoT Now" was named media sponsor of CloudEXPO | DXWorldEXPO 2018 New York, which will take place on November 11-13, 2018 in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.
Founded in 2000, Chetu Inc. is a global provider of customized software development solutions and IT staff augmentation services for software technology providers. By providing clients with unparalleled niche technology expertise and industry experience, Chetu has become the premiere long-term, back-end software development partner for start-ups, SMBs, and Fortune 500 companies. Chetu is headquartered in Plantation, Florida, with thirteen offices throughout the U.S. and abroad.