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PFC GAZETTE

February, 2021

The Official Newsletter of Primary Funding Corporation

Financial Facts & Funnies

The Mesopotamian shekel – the first known form of currency – emerged nearly 5,000 years ago. The earliest known mints date to 650 and 600 B.C. in Asia Minor, where the elites of Lydia and Ionia used stamped silver and gold coins to pay armies.

WHEN DOES IT RAIN MONEY?
ANSWER: WHEN THERE IS CHANGE IN THE WEATHER!

Business Bulletin

Have You Heard About The Risk Management Association?

Risk Management is a critical part of doing business in the financial services industry.
We at Primary Funding are a direct lender, which means we are a financial institution that provides the actual loan to a business. It’s our money we are lending out. Therefore, we’re always assessing risk when we are considering loaning money to a business. If we don’t get paid back on the money we loan, we wouldn’t be able to stay in business for very long. Simple as that.
To put things into perspective, let’s just say you’re thinking about loaning money to a friend in the hopes they will pay you back by the end of the year, plus a little interest. After all, money doesn’t grow on trees, right? Not to mention, you’re gonna need that money to cover other expenses in the future, so it’s important your friend pays you back on time, and in full.
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Read More

PFC Client Corner

TripleLite - A Really Bright Idea!

Imagine if the power goes out and you’re walking down the steps in your own dark basement. You cautiously take each step, one at a time, because the flashlight you have in your hand only spans a small radius. As you get closer to the bottom of the staircase, you miss a step because you didn’t have sufficient lighting to help you.
Co-Founders, Ronnie and Nancy Pritchett, started TripleLite in 2012 after Ronnie’s accident. The husband and wife duo came to Primary Funding in 2019 when QVC placed a large order that required a partnership to help. In 2019, QVC placed their first order of over 5,000 units as a “test run.” QVC aired the TripleLite product on its airwaves and sold out in only 7 minutes. It was at this time QVC came back and promised a much larger order.
Read More

PFC Profile

Meet Richard Gendron, Our New President!

Q: TELL US ABOUT YOUR JOB. WHAT IS IT LIKE WORKING AT PFC?

In my current role I am responsible for overseeing day to day operations which includes, originations, portfolio risk management, and managing account executives and credit analyst. Additionally, as part of the executive management team, I am often working on strategic initiatives to continue to advance PFC and build on the brand and reputation we’ve established over the last 25-years.

PFC is an amazing company to work for. It’s very rare to work with people who share the same vision and values, and because of that, the culture here is amazing. We all truly want to help our clients grow and succeed, which is really rewarding.

Read More

SAVE THE DATE!

March
3rd
Wednesday

FREE WEBINAR: Congratulations you Won a Government Contract... Now What?

Time: 9:00 AM - 11:00 AM (PST)

Registration Link: https://sdcoc.ecenterdirect.com/events/43930

Congrats! You’ve been awarded a government contract! But now you’re wondering how you’re going to cover the costs related to the service or work being performed. This webinar will show you how to get the cash you need to meet payroll and cover costs for equipment, inventory, materials, etc.
This interactive course is designed for individuals with a minimal understanding of government contracts. We’ll break into discussion groups and address your specific questions.

Topics discussed will include:
1. Basics of Government Contracts
2. Financing solutions and how they work
3. How to pick the best financing solution for your business
4. Step-by-step process of cash flow during the operating cycle.

 

March
10th
Wednesday

FREE WEBINAR: “White Collar Crime”

Presented by: RMA and FBI Agent John Robe
Sponsored by: Primary Funding Corporation

TIME: 1:00 p.m. to 2:00 p.m. (PST)                                                                                          

The presentation will provide an overview of the FBI’s Complex Financial Crimes program and some information on trends the FBI is seeing in that area. Agent Roberts will walk through one of his cases to show how an investigation works from beginning to end.

Special Agent John W. Roberts has worked as a Special Agent in the FBI’s White-Collar Crime Program for the past 20 years. During this time, SA Roberts has worked to combat various financial crimes including Ponzi schemes, investment fraud, securities fraud, insider trading, penny stock schemes, embezzlements and mortgage fraud. Prior to joining the FBI, SA Roberts worked as a Certified Public Accountant. Special Agent Roberts is a graduate of the College of the Holy Cross in Worcester, Massachusetts.

Register at: www.sandiegorma.org/events

Quote of the Month

“Every strike brings me closer to the next home run.”
- Babe Ruth

Recent Posts

  • Meet Richard Gendron, Our New President!
  • TripleLite – A Really Bright Idea!
  • Have You Heard About The Risk Management Association?
  • AMERICAN TUNA teams up with PFC to help FEEDING SAN DIEGO
  • Five New Year’s Resolutions For Your Business!

NEWSLETTER ARCHIVES

Archives

  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
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  • July 2017
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  • November 2016
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  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015

PFC NEWSLETTER

About

Primary Funding Corporation provides Alternative Business Financing Solutions to businesses. We help companies in just about every industry ranging in size from start-up to $25 million in revenue. Our financing products include Accounts Receivable Financing, Asset-Based Lines, and Equipment Loans. Loans made or arranged pursuant to the California Finance Lenders Law, License 6034157.

Latest

Meet Richard Gendron, Our New President!

TELL US ABOUT YOUR JOB. WHAT IS IT LIKE WORKING AT PFC? … Read More

TripleLite – A Really Bright Idea!

Imagine if the power goes out and you’re walking down the … Read More

Community

Primary Funding supports Community organizations such as the North Hispanic Chamber of Commerce

contact

11545 W Bernardo Court
Suite 209 San Diego, CA 92127

T: (800) 276-1500 • P: (858) 530-1500

F: (858) 536-5577 • E: info@primaryfunding.com

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