Fimerica Announces Private Placement Memorandum Bringing Capital from "Wall Street to Main Street"

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There is a new alternative to traditional bank loans that approve businesses based upon their performance and less on their personal and business credit. Business borrowers can be approved in just minutes!

Fimerica™, announces its thrust to bring small business capital from “Wall Street to Main Street” by offering a $50,000,000 Private Placement Memorandum to Accredited Investors. The Company intends to use the invested capital combined with senior debt issuance to promptly grow its first phase of monthly business credit line and loan origination volume to $25,000,000, while building its balance sheet receivables (loan repayments) to $300,000,000 (annually). The Company’s principal focus is to achieve its stated origination and balance sheet goals subsequent to further capitalization via an Initial Public Offering or Private Equity Sale.

Since the financial crisis of 2008, restrictive government regulations and soaring administrative costs continue to plague the future of traditional bank lending that had previously provided the majority of capital to small businesses. Currently, bank’s unreasonable requirements of collateral security and documentation, coupled with extended application processing times that often take weeks or even months for approvals have small businesses looking elsewhere for capital. Today, over 30 million small businesses that comprise more than 60% of America’s work force needs 120 billion dollars annually to continue to prosper and create more jobs.

Enter Fimerica™, an alternative-to-bank lender intending to fulfill that enormous pent-up demand by utilizing its proprietary underwriting scoring technology, Neuscore™, which provides qualified business owners with approvals for working capital within minutes of their submitted application. Their business performance is then continually monitored to enable Fimerica™ to provide additional working capital as needed.

Neuscore™ is a real-time neural network “trained” to combine credit scores, historical repayment performance, personal and business lifestyle characteristics, and default risk with current economic conditions and social media data. Each time the neural network evaluates the risk of a new credit opportunity; it updates its weighting scheme so that it continually “learns” from experience.

Craig Smith, Fimerica’s™ Chief Executive Officer, has long championed for the use of a neural network to provide rapid underwriting decisions that facilitate the Company’s origination goals while mitigating default risk. “Many companies are using scoring technology, but we believe Fimerica™ is the first business lender to incorporate several technologies into a neural network decision engine.” Kevan Stahl, Fimerica’s™ Chief Operating Officer agrees, “Several other companies have paced the origination market with scoring models that are, in my opinion, far inferior to Neuscore™.”

Fimerica™ offers unsecured sub-prime business credit lines to $35,000, business term loans to $500,000, and cash advances to $1,000,000 or more. Credit line borrowers may choose between 12, 18, and a 24-month term with a weekly or monthly repayment option. Business term loans are structured with a monthly repayment option and business cash advances are usually structured with a daily or weekly repayment option.

Business owners may apply directly to Fimerica™ online at, or by contacting a Fimerica™ authorized agent in their home community. Agents include CPA’s, financial advisors, community bankers, loan and insurance brokers, equipment leasing companies, credit card issuers, and other professionals utilizing CreditRM™, Fimerica’s proprietary origination software to provide capital to their clients.

Fimerica™ is a State of Delaware LLC corporation with its main processing and underwriting center located at 4485 Plainfield Ave., NE, Suite 101, Grand Rapids, MI, 49525. Interested investors may contact Fimerica™ via email, investorrelations(at)fimerica(dot)com, or by telephone, (888) 841-7018.

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Craig Smith
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Kevan Stahl
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