New York, New York (PRWEB) February 23, 2012
New York-based merchant cash advance company Yellowstone Capital has played a defining role in the assisted financial development and success of Alfredo’s Trucking & Backhoe Service. Founded in 2006, The New Mexico-based oil and gas centered business had been turned down by several banks and leasing companies before receiving an advance of $25,000 from Yellowstone Capital in 2010. After receiving the initial funding Alfredo’s Trucking & Backhoe Service went on to gain 100% more purchasing power, secure numerous contracts, and acquire the additional equipment needed to expand their business. . Having maintained an excellent credit history with Yellowstone Capital, their lending experience has been nothing but positive and they are set to receive a record advance of $751,000.
In the fourteen months since receiving their first advance, Alfredo’s Trucking & Backhoe Service has tripled their staff, secured numerous contracts, converted to an entirely digital operation, and is also currently in talks with Megafund Direct Group about a joint venture in the near future. Alfredo’s Trucking & Backhoe Service has drafted contracts with three major energy companies; ConocoPhillips, Chesapeake Energy, and Apache Corporation. The oil and gas industries are known for being unstable, especially for small to medium-sized businesses. Alfredo’s Trucking & Backhoe Service has been able to remain in operation even with the rising cost of energy, staying open for clients when their competitors have been forced to close. The level of continued success that Alfredo’s Trucking & Backhoe Service has experienced could not have been possible without the initial advance from Yellowstone Capital.
Alfredo Orozco and James Puleo have developed a very strong business relationship, opening the doors to a possible strategic partnership in the coming year. During the table top closing of the contract Puleo stated "This record cash advance not only opens the doors to a good friend and now business alliance Alfredo's Trucking but it separates Yellowstone Capital from all the other merchant cash advance companies in the industry" J Puleo also went on to state "With tremendous effort from Evan Marmott of Strategic Funding and the CEO of Yellowstone Capital Isaac D. Stern this would not be possible. The five of us combined (James, Isaac, Brett, Evan, & Alfredo) have created a new standard for merchant cash advance and we are all proud to be part of an historic record setting advance"
We are extremely excited to renew our funding commitments to an individual such as Alfredo Orozco from Alfredos Trucking and Backhoe. The growth we have seen from Alfredos is extremely exciting to watch and we are honored to be involved. We consider him to be a true partner!
Yellowstone Capital is the leading pioneer of the merchant cash advance industry, and has been providing creative financing solutions for small to mid-sized businesses for years. Being the only business financing provider that offers unlimited business funds, Yellowstone Capital is the leading merchant cash advance company in the country.