2009, June 1
Aperture Capital Clients Buck U.S. Statistics Reported by National Federation of Independent Business Research Foundation and Qualify for $25.3 Million in Loans and Lines of Credit
COSTA MESA, CA—(Marketwire – March 29, 2010) – At a time when small–to–midsize firms can't get loans, Aperture Capital Corp. is addressing the dire need among entrepreneurs to find working capital. Since its inception in May 2008, Aperture Capital has completed 16 transactions for small–to–midsize business owners valued at $25.3 million #8212;even though their counterparts across the country are being denied capital at record rates. Eight of these transactions were conducted for Orange County companies, ensuring that $14.9 million of capital has helped to stimulate the local economy.
“Most clients seek financial solutions to solve cash–flow problems that affect their ability to make payroll, purchase real estate, or invest in inventory and equipment,” said Michael J. Harris, founder and chief executive officer, Aperture Capital. “Unfortunately, that solution may not be the simplest or most obvious. Banks count on business owners to be too constrained by daily duties to vet all options. Without time or knowledge to prepare a defined debt structure, it's harder than ever before to qualify for financing. And if small–business owners do, they often get expensive financing that doesn't meet their long–term needs. Banks have forgotten about the needs of Main Street business owners, so we step in to act as a bridge between business owners and capital providers.”
Aperture Capital's record of success is in sharp contrast with findings published by the National Federation of Independent Business Research Foundation. In the report, Small Business Credit in a Deep Recession, the Foundation revealed that 60 percent of small businesses that tried to secure loans or credit in 2009 were turned down. By comparison, 90 percent of small businesses that applied for capital in the mid–2000s received it.
“In addition, small–business owners battle changing capital terms and higher interest rates. Too many entrepreneurs are walking away without financing or have been forced into onerous structures that prevent them from running their businesses,” Harris said. “I tell them, 'Let us focus on your capital, so you can focus on your business.' The results within our first two years of operation have ensured that our clients will be able to ride out this turbulent economy.”
About Aperture Capital Corp.
The mission of Aperture Capital is to find the right capital for the right client. Experienced in securing financing for start–up and mature companies alike, Aperture Capital has the tools to meet their immediate needs while helping them achieve their long–range capital goals. Its advisory expertise ranges from the basics of commercial lines of credit to the most sophisticated mezzanine debt and private equity placements. Aperture Capital combines the expertise, inside knowledge and negotiation strength to find companies the best financing possible. Learn more at www.aperturecapital.com, call +1 949–500–5033 or follow company activities on Twitter (@aperturecapital).
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Let us focus on the capital, so you can focus on your business.