Yellowstone Capital

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Yellowstone Capital, LLC is a New York City-based company founded in 2009 that specializes in providing small business owners with merchant cash advances.[1]

History

Yellowstone Capital was founded in 2009. Their CEO is Isaac Stern, who was also a company co-founder, and their president is Jeff Reece.[1][2] David Glass was another one of the company’s co-founders, but left the company in August 2015 when he sold his stake in the company to an investment group led by Reece.[2][3]

In October 2015, Yellowstone Capital restructured under the formation of a new parent company called Fundry alongside fellow business financing provider Green Capital.[4] Shortly afterward, it was reported that venture capital firm FinSight Ventures acquired a small financial stake in Fundry, although neither Fundry nor Yellowstone have released an initial public offering.[5]

Services

Yellowstone Capital provides small business owners with merchant cash advances. With a merchant cash advance, the merchant sells a certain amount of their future receivables in exchange for a share of their future profits.[6] They are a directed source of funding and have many in-house funders who specialize in working with business owners in specific industries, in addition to having many other partners within the industry.[7]

Yellowstone Capital does not use a fully automated process for approving applications. Instead, they prefer to use automation for smaller deals and a more traditional sales call-driven approach for larger advances.[8]

References

  1. 1.0 1.1 Murray, Sean. "A Peek Inside Yellowstone Capital". http://debanked.com/2015/04/a-peek-inside-yellowstone-capital/. Retrieved 1 September 2015. 
  2. 2.0 2.1 "Yellowstone Capital Grows Under New Management". http://www.bizjournals.com/prnewswire/press_releases/2015/08/26/MN86761. Retrieved 1 September 2015. 
  3. Faux, Zeke. "Wall Street Finds New Subprime With 125 % Business Loans". http://www.bloomberg.com/news/articles/2014-05-22/wall-street-finds-new-subprime-with-125-business-loans. Retrieved 1 September 2015. 
  4. Murray, Sean. "Yellowstone Capital and Green Capital Join Family of Companies Under New Brand, Fundry". deBanked. http://debanked.com/2015/10/yellowstone-capital-and-green-capital-join-family-of-companies-under-new-brand-fundry/. Retrieved 14 October 2015. 
  5. Murray, Sean. "FinSight Acquires Stake in Fundry, Yellowstone Capital's Parent Company". deBanked. http://debanked.com/2015/10/finsight-acquires-stake-in-fundry-yellowstone-capitals-parent-company/. Retrieved 14 October 2015. 
  6. "Template:Citation error". http://www.ripoffreport.com/r/Yellowstone-Capital/internet/Yellowstone-Capital-Mike-Samuels-merchant-cash-advance-cash-advance-business-investment-827087. Retrieved 1 September 2015. 
  7. "About Yellowstone Capital". http://yellowstonecap.com/index.html. Retrieved 1 September 2015. 
  8. McKinley, Ed. "Are Fast Cash Advances Better?". http://www.paymentssource.com/news/iso_industry_news/Are-Fast-Cash-Advances-Better-3015738-1.html?zkPrintable=1&nopagination=1. Retrieved 1 September 2015. 

External links