Platinum Funding Group Announces Funding of a Start-Up Distribution Firm

Platinum Funding Group financed The Kobe Connection, LLC., a start-up importer, wholesaler and distributor of Japanese Kobe beef. Platinum provided Kobe with working capital to help jump-start the business based on the purchase of the clients' accounts receivable.

New York, NY (PRWeb) February 7, 2007 -- Platinum Funding Group announced the funding of The Kobe Connection, LLC ("Kobe") -- a start-up venture that is a specialized importer and wholesaler of Wagyu ("Kobe") beef to upscale restaurants and hotel chains. Kobe needed a factoring firm to fund its receivables to help jump-start the business.

Platinum Funding Group financing of Kobe showcases how an early-stage company without a history of performance or revenue can use accounts receivable factoring services to raise necessary working capital for the operation and growth of its business without giving up equity or creating debt in the process.

Dina Niron, a business development officer at Platinum Funding Group said that "Kobe is a perfect example of an early-stage company with huge growth potential yet with limited access to traditional sources of funds. Platinum provided Kobe with the funds that this new enterprise required to realize its potential."

Kobe's customers are located primarily in the New York City area, but also include such clients as the Mirage Hotel & Casino in Las Vegas.

"Everyone at Platinum, from my Account Manager to Mr. Eyal Levy, the CEO, is readily accessible and eager to help. Platinum's professionalism and attentiveness is matched only by their sincere concern for the growth and integrity of my company" said Michael Tarantula, President of The Kobe Connection, LLC. "Never in my life have I worked with such a thorough and responsive financial group."

About Platinum Funding Group:

Platinum Funding Group, a leading factoring company, provides clients with accounts receivable funding, letters of credit, bridge funding, and accounts receivable management. Established in 1992, the company has been consistently assisting companies with annual sales revenue between $1 million and $150 million. Platinum possesses the financial resources to serve the needs of clients across more than 30 industries. Platinum Funding Group holds a leading position in factoring services, issuing same day advances on accounts receivable to start-ups, fast growing firms, and companies in Chapter 11. Platinum Funding Group is headquartered in New York City and has regional offices throughout the US.

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