Palm Beach, FL (PRWEB) June 29, 2012
The Specialty Finance Group, LLC acted as financial advisor in arranging a senior debt facility for its client, Investment Evolution Global Corporation, it was announced today by Richard Benson, President of the Specialty Finance Group. The Senior Debt Facility was provided by The Patriot Group.
“Patriot really stepped up on this transaction”, Benson said. “This facility will invigorate the existing very profitable lending platform in Australia that has solid loan performance history. However, both Patriot and Investment Evolution required patience with cross-border legal systems, and added due diligence for a transaction half way around the globe. In the end, both firms can make significant income by helping the Australian consumer gain access to small loans done in a manner that is in full compliance with a very highly-regulated lending environment.”
“Richard Benson at Specialty Finance Group was highly skilled, flexible and patient in sourcing a leading USA group to fund our Australian operations in the middle of the worst financing conditions since the great depression”, said Paul Mathieson, CEO and Founder of Investment Evolution Global Corporation. “We are excited to be backed by the specialist expert team at Patriot Group. Obtaining the Patriot debt facility, funded from a firm located in the global hub of receivable based funding (Connecticut, USA), is a strong endorsement of the IEGC business model and management team.”
About Investment Evolution Global Corporation
The Investment Evolution Global group of companies (IEG) is a market leader in the consumer finance industry. IEG operates two major lending brands via its branch network – Mr. Amazing Loans in USA and Amazing Loans in Australia. IEG specializes in $2,000 - $10,000, 3 - 5 year unsecured personal loans and has provided over $47.5 million in loans to 12,500+ customers since inception. Founded by Paul Mathieson in Australia in February 2005, IEG is now expanding rapidly across the USA obtaining state consumer lending licenses and opening offices in Nevada, Arizona, Illinois and Florida. The group plans to expand its USA branch network in 2013/2014 to include New York, New Jersey, Texas and California. For additional information, please visit our website at http://www.investmentevolution.com or give us a call at 702-227-5626.
About Patriot Group, LLC
The Patriot Group, LLC is an asset-backed lender that provides flexible lending solutions to fulfill the capital demands of underserved clients not typically accommodated by traditional banks. Through the experience and integrity of its team and the quality and depth of its process, Patriot strives to be a capital lender at the highest caliber. Since inception in 2002, Patriot has originated over $500 million in asset-backed loans. The Patriot Group specializes in collateralized lending markets including, but not limited to, direct and lender finance loans. Patriot offers a combination of proven asset-backed lending expertise with a variety of transaction structures, which enables them to be flexible and execute quickly on the specific needs of their borrowers. The firm is headquartered in Darien, Connecticut. For additional information, please visit http://www.patriotgp.com or call 203-852-6000.
About Specialty Finance Group, LLC
The Specialty Finance Group, LLC is a FINRA broker dealer that specializes in finding finance companies equity, subordinated debt, senior credit and strategic partners. The firm only works with top tier institutional investors and takes pride in finding the right financing partner for its clients. For more information see (http://www.sfgroup.org) or call 800-860-2907.