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FEBRUARY 6, 2008: LIQUID CAPITAL OF NORTHEAST OHIO ANNOUNCES NEW FINANCING PROGRAMS
Liquid Capital of Northeast Ohio is now able to offer accounts receivable based working capital financing to building
contractors or subcontractors that are performing work on small to medium construction projects for commercial customers,
including new construction, renovation and repair. We provide immediate access to payment for completed work once an
invoice has been approved by the customer, who may be a General Contractor, commercial property owner, builder or
developer. You can read more about the Contractor Financing Program. Financing is available for companies with an average
of $10,000 in qualifying invoices per month or more. There are some important restrictions – the customer must be willing to
participate in this arrangement and meet certain other qualifications.
In addition, Liquid Capital now offers merchant cash advances to businesses such as restaurants, retailers, hotels,
automotive service shops and other personal services that accept credit cards. Advances are available to qualifying
businesses based on their average monthly credit card sales volume. Advanced are repaid by collecting a fixed percentage
of future credit card receipts at the time of settlement. You can read more about the Merchant Cash Advance Program. Credit
card merchant cash advances are offered by Liquid Capital as an Independent Sales Consultant for AdvanceMe, Inc., the
nation’s largest provider of such financing.
DECEMBER 06, 2007: LIQUID CAPITAL OF NORTHEAST OHIO ANNOUNCES THREE NEW CLIENTS
Liquid Capital of Northeast Ohio provided a $100,000 factoring credit facility to an Ohio-based janitorial services company.
The company had been limited in their ability to grow as they were unable to obtain traditional bank financing. The company
had self-financed its business in the past and could not accept additional business. Liquid Capital was able to provide the
company with a solid financial base putting the company on track for financial success. With this working capital combined
with the back office management systems that Liquid Capital provides, the company can now add new locations and service
offerings to its customer base..
Liquid Capital also established a $200,000 factoring credit facility to an Ohio-based staffing company. The owner had been in
business for several years with significant experience in this industry. Their prior business had encountered financial
difficulties impacting their personal financial situation and ability to access traditional means of finance. The owner wanted to
start a new venture to take advantage of long-standing customer relations with various manufacturing companies without the
stress of making payroll each week. Liquid Capital provided a flexible and creative solution to allow the business to succeed.
With immediate funding, the company can build their new business and continue to grow.
Liquid Capital of Northeast Ohio created a $20,000 transportation factoring credit facility for a Michigan-based transportation
contract carrier. This new business needed working capital to start up their operations and begin accepting loads from a
large customer. Liquid Capital was able to provide immediate cash for this sole proprietorship starting up in the
transportation industry.
OCTOBER 18, 2007: LIQUID CAPITAL OF NORTHEAST OHIO TO PARTICIPATE IN COSE ACCESS TO CAPITAL SEMINAR
Liquid Capital of Northeast Ohio will participate in a monthly educational seminar sponsored by the COSE Home-Based
Business Network. This panel discussion will help owners of small and home-based businesses identify sources of capital
that are appropriate for their companies.
Moderator for the session will be Dr. Joyce Banjac, Dean of the College of Business Administration at Myers University.
Panelists include: John Doucette, President of Liquid Capital or Northeast Ohio, whose firm specializes in alternative lending,
Lisa Rucker, Vice President with National City Bank, who specializes in small business lending and Tracey Nichols, Assistant
Director for Economic Development of the Cuyahoga County Department of Development.
SEPTEMBER 24, 2007: LIQUID CAPITAL OF NORTHEAST OHIO ANNOUNCES NEW CLIENTS
Liquid Capital established a $50,000 factoring credit facility for Arbor Pro Tree Service in Perry, Ohio, working in conjunction
with their equipment leasing provider, Maverick Leasing of Highland Heights, Ohio. Arbor Pro needed improved cash flow
because of the length of time some of its larger customers take to pay their invoices. By working creatively with Maverick
Leasing we were able to refinance existing bank debt and provide operating capital needed in the short term.
Liquid Capital of Northeast Ohio also established a $50,000 factoring credit facility for an HVAC installation and service
company in Shaker Heights, Ohio. This company works for several major local builders and needed working capital to take on
additional projects. Since they have been in business for less than 18 months they do not qualify for conventional bank
financing. Liquid Capital was able to look at the specific construction projects they have underway and determined that they
would be good candidates for funding.
AUGUST 06, 2007: LIQUID CAPITAL OF NORTHEAST OHIO CONTRIBUTES TO ENTREPRENEUR’S TOOLKIT
The August 2007 issue of Inside Business magazine featured the publications annual Entrepreneur’s Toolkit section. Liquid
Capital of Northeast Ohio was featured in an article entitled “Getting the Cash to Flow” by Kyle Swenson.
The article was based on an interview with John Doucette, President of Liquid Capital of Northeast Ohio, and Maryann
Doucette, Vice President. It addressed some of the possible alternatives available to business owners who are turned down
for financing by banks. The entire Toolkit is available on line at http://www.ibmag.com.
JULY 11, 2007: LIQUID CAPITAL OF NORTHEAST OHIO ANNOUNCES NEW CLIENTS FOR JUNE, 2007
Liquid Capital established a $75,000 factoring credit facility to a floor and carpet cleaning company in Ann Arbor, Michigan to
support their large national contracts. A local banker suggested factoring as a working capital source to help the company
finance their growth. With their recent increase in customers and sales, the company needed additional cash flow to cover
operating expenses as many of their customers take up to 60 days to pay their invoices. The business owners stated that by
using Liquid Capital, they would now be able to sleep at night without worrying about the financial stresses of growing their
business and making payroll timely to their employees.
Liquid Capital of Northeast Ohio also funded a $25,000 spot factoring/purchase order transaction for an importer of scooters
located in Elyria, Ohio. The company was seeking the initial outlay of cash to purchase these scooters prior to being shipped
to the ultimate customer. Because of the company’s limited history, they were unable to obtain traditional bank financing.
Liquid Capital was able to provide the company working capital to be able to get the business.
June 12, 2007: LIQUID CAPITAL OF NORTHEAST OHIO ANNOUNCES IMPORT FINANCING AGREEMENT WITH LOCAL FIRM
John Doucette, President of Liquid Capital of Northeast Ohio, announced the establishment of a $300,000 import financing
credit facility for a Cleveland-based importer of consumer products. This agreement will enable Liquid Capital’s client to fulfill
a $1.6 million order from a major membership warehouse club chain. Additional financing support and services related to
international trade were provided by Hartsko Financial Services of Bayside, NY, a global partner of Liquid Capital.
JUNE 6, 2007: LIQUID CAPITAL OF NORTHEAST OHIO ANNOUNCES NEW CLIENT
John Doucette, President of Liquid Capital of Northeast Ohio, announced the addition of a new client to their portfolio.
Personnel Systems Inc. of Ann Arbor, MI provides temporary staffing and permanent placement services to medical and
technical companies in the Ann Arbor area. PSI was founded in 1970 on the premise that employers and applicants need a
permanent employment service that is: Dedicated to Quality, Reliability, Ethics, and Professionalism. This philosophy has
enabled them to respond to their clients needs and retain ongoing relationships. Naturally, the same high standards apply to
their affiliates: Arbor Technical Staffing and Arbor Temporaries.
MAY 29, 2007
Read "Where Do You Work?", an article by Inside Business about the choice of business locations that features an interview
with John Doucette, President of Liquid Capital of Northeast Ohio, along with other local business owners.
FEBRUARY 16, 2007
John Doucette, President of Liquid Capital of Northeast Ohio, and Vlad Meltzer have collaborated to create a cash flow
strategy for small, closely-held businesses. Using the concept of “Global Cash Flow” it is possible for business owners to
keep more cash from operations available to their business while also taking advantage of their trapped equity. This
approach encourages entrepreneurs to analyze the cash flow implications of business decisions and to consider using
untapped personal equity as a source of working capital for their businesses. A working paper outlining this concept is
available at http://www.lcneo.com/files/Entrepreneur_Finance.pdf. Additional information about Vlad Meltzer and the products
and services he offers may be found at www.vladmeltzer.com.
JANUARY 29, 2007
John Doucette, President of Liquid Capital of Northeast Ohio will be a panelist at the Research ShowCASE 2007 symposium
to be held at Case Western Reserve University on April 11-12, 2007. Mr. Doucette will participate in the session entitled “Fast
Forward – the Future of Funding” on April 12. Other scheduled members of this panel are Christopher Coburn, Executive
Director of CCF Innovations; David Morgenthaler, Founding Partner of Morgenthaler Ventures; and John Osher, a noted
entrepreneur and product developer. A full description of the event and all panels can be found at http://showcase.case.edu.
DECEMBER 28, 2006
Liquid Capital of Northeast Ohio will be a sponsor for The Lorain County Chamber of Commerce’s Annual Meeting of
Investors and Partners being held on Tuesday, January 23, 2007, at the Lorain County Community College Spitzer
Conference Center Grand Room beginning at 11:30 am. For twenty years, the Lorain County Chamber has reported on the
accomplishments from the prior year’s Program of Work to our partners and investors.
NOVEMBER 30, 2006
Liquid Capital of Northeast Ohio was an exhibitor at the Lorain County/Northeast Ohio Minority Business-to-Business Expo
held at the Spitzer Conference Center of Lorain Community College. Liquid Capital joined a number of public agencies,
banks and other businesses is providing information and support resources to current and prospective business owners
from the minority community.
OCTOBER 13, 2006
Liquid Capital of Northeast Ohio was an exhibitor at the COSE Small Business Conference in October. One unique aspect of
this event was the Podcasting by our friends at Small Business Trends Radio of various business owners speaking about
their companies. John took the opportunity to participate and you can listen to the result here.
Liquid Capital of Northeast Ohio is now able to offer accounts receivable based working capital financing to building
contractors or subcontractors that are performing work on small to medium construction projects for commercial customers,
including new construction, renovation and repair. We provide immediate access to payment for completed work once an
invoice has been approved by the customer, who may be a General Contractor, commercial property owner, builder or
developer. You can read more about the Contractor Financing Program. Financing is available for companies with an average
of $10,000 in qualifying invoices per month or more. There are some important restrictions – the customer must be willing to
participate in this arrangement and meet certain other qualifications.
In addition, Liquid Capital now offers merchant cash advances to businesses such as restaurants, retailers, hotels,
automotive service shops and other personal services that accept credit cards. Advances are available to qualifying
businesses based on their average monthly credit card sales volume. Advanced are repaid by collecting a fixed percentage
of future credit card receipts at the time of settlement. You can read more about the Merchant Cash Advance Program. Credit
card merchant cash advances are offered by Liquid Capital as an Independent Sales Consultant for AdvanceMe, Inc., the
nation’s largest provider of such financing.
DECEMBER 06, 2007: LIQUID CAPITAL OF NORTHEAST OHIO ANNOUNCES THREE NEW CLIENTS
Liquid Capital of Northeast Ohio provided a $100,000 factoring credit facility to an Ohio-based janitorial services company.
The company had been limited in their ability to grow as they were unable to obtain traditional bank financing. The company
had self-financed its business in the past and could not accept additional business. Liquid Capital was able to provide the
company with a solid financial base putting the company on track for financial success. With this working capital combined
with the back office management systems that Liquid Capital provides, the company can now add new locations and service
offerings to its customer base..
Liquid Capital also established a $200,000 factoring credit facility to an Ohio-based staffing company. The owner had been in
business for several years with significant experience in this industry. Their prior business had encountered financial
difficulties impacting their personal financial situation and ability to access traditional means of finance. The owner wanted to
start a new venture to take advantage of long-standing customer relations with various manufacturing companies without the
stress of making payroll each week. Liquid Capital provided a flexible and creative solution to allow the business to succeed.
With immediate funding, the company can build their new business and continue to grow.
Liquid Capital of Northeast Ohio created a $20,000 transportation factoring credit facility for a Michigan-based transportation
contract carrier. This new business needed working capital to start up their operations and begin accepting loads from a
large customer. Liquid Capital was able to provide immediate cash for this sole proprietorship starting up in the
transportation industry.
OCTOBER 18, 2007: LIQUID CAPITAL OF NORTHEAST OHIO TO PARTICIPATE IN COSE ACCESS TO CAPITAL SEMINAR
Liquid Capital of Northeast Ohio will participate in a monthly educational seminar sponsored by the COSE Home-Based
Business Network. This panel discussion will help owners of small and home-based businesses identify sources of capital
that are appropriate for their companies.
Moderator for the session will be Dr. Joyce Banjac, Dean of the College of Business Administration at Myers University.
Panelists include: John Doucette, President of Liquid Capital or Northeast Ohio, whose firm specializes in alternative lending,
Lisa Rucker, Vice President with National City Bank, who specializes in small business lending and Tracey Nichols, Assistant
Director for Economic Development of the Cuyahoga County Department of Development.
SEPTEMBER 24, 2007: LIQUID CAPITAL OF NORTHEAST OHIO ANNOUNCES NEW CLIENTS
Liquid Capital established a $50,000 factoring credit facility for Arbor Pro Tree Service in Perry, Ohio, working in conjunction
with their equipment leasing provider, Maverick Leasing of Highland Heights, Ohio. Arbor Pro needed improved cash flow
because of the length of time some of its larger customers take to pay their invoices. By working creatively with Maverick
Leasing we were able to refinance existing bank debt and provide operating capital needed in the short term.
Liquid Capital of Northeast Ohio also established a $50,000 factoring credit facility for an HVAC installation and service
company in Shaker Heights, Ohio. This company works for several major local builders and needed working capital to take on
additional projects. Since they have been in business for less than 18 months they do not qualify for conventional bank
financing. Liquid Capital was able to look at the specific construction projects they have underway and determined that they
would be good candidates for funding.
AUGUST 06, 2007: LIQUID CAPITAL OF NORTHEAST OHIO CONTRIBUTES TO ENTREPRENEUR’S TOOLKIT
The August 2007 issue of Inside Business magazine featured the publications annual Entrepreneur’s Toolkit section. Liquid
Capital of Northeast Ohio was featured in an article entitled “Getting the Cash to Flow” by Kyle Swenson.
The article was based on an interview with John Doucette, President of Liquid Capital of Northeast Ohio, and Maryann
Doucette, Vice President. It addressed some of the possible alternatives available to business owners who are turned down
for financing by banks. The entire Toolkit is available on line at http://www.ibmag.com.
JULY 11, 2007: LIQUID CAPITAL OF NORTHEAST OHIO ANNOUNCES NEW CLIENTS FOR JUNE, 2007
Liquid Capital established a $75,000 factoring credit facility to a floor and carpet cleaning company in Ann Arbor, Michigan to
support their large national contracts. A local banker suggested factoring as a working capital source to help the company
finance their growth. With their recent increase in customers and sales, the company needed additional cash flow to cover
operating expenses as many of their customers take up to 60 days to pay their invoices. The business owners stated that by
using Liquid Capital, they would now be able to sleep at night without worrying about the financial stresses of growing their
business and making payroll timely to their employees.
Liquid Capital of Northeast Ohio also funded a $25,000 spot factoring/purchase order transaction for an importer of scooters
located in Elyria, Ohio. The company was seeking the initial outlay of cash to purchase these scooters prior to being shipped
to the ultimate customer. Because of the company’s limited history, they were unable to obtain traditional bank financing.
Liquid Capital was able to provide the company working capital to be able to get the business.
June 12, 2007: LIQUID CAPITAL OF NORTHEAST OHIO ANNOUNCES IMPORT FINANCING AGREEMENT WITH LOCAL FIRM
John Doucette, President of Liquid Capital of Northeast Ohio, announced the establishment of a $300,000 import financing
credit facility for a Cleveland-based importer of consumer products. This agreement will enable Liquid Capital’s client to fulfill
a $1.6 million order from a major membership warehouse club chain. Additional financing support and services related to
international trade were provided by Hartsko Financial Services of Bayside, NY, a global partner of Liquid Capital.
JUNE 6, 2007: LIQUID CAPITAL OF NORTHEAST OHIO ANNOUNCES NEW CLIENT
John Doucette, President of Liquid Capital of Northeast Ohio, announced the addition of a new client to their portfolio.
Personnel Systems Inc. of Ann Arbor, MI provides temporary staffing and permanent placement services to medical and
technical companies in the Ann Arbor area. PSI was founded in 1970 on the premise that employers and applicants need a
permanent employment service that is: Dedicated to Quality, Reliability, Ethics, and Professionalism. This philosophy has
enabled them to respond to their clients needs and retain ongoing relationships. Naturally, the same high standards apply to
their affiliates: Arbor Technical Staffing and Arbor Temporaries.
MAY 29, 2007
Read "Where Do You Work?", an article by Inside Business about the choice of business locations that features an interview
with John Doucette, President of Liquid Capital of Northeast Ohio, along with other local business owners.
FEBRUARY 16, 2007
John Doucette, President of Liquid Capital of Northeast Ohio, and Vlad Meltzer have collaborated to create a cash flow
strategy for small, closely-held businesses. Using the concept of “Global Cash Flow” it is possible for business owners to
keep more cash from operations available to their business while also taking advantage of their trapped equity. This
approach encourages entrepreneurs to analyze the cash flow implications of business decisions and to consider using
untapped personal equity as a source of working capital for their businesses. A working paper outlining this concept is
available at http://www.lcneo.com/files/Entrepreneur_Finance.pdf. Additional information about Vlad Meltzer and the products
and services he offers may be found at www.vladmeltzer.com.
JANUARY 29, 2007
John Doucette, President of Liquid Capital of Northeast Ohio will be a panelist at the Research ShowCASE 2007 symposium
to be held at Case Western Reserve University on April 11-12, 2007. Mr. Doucette will participate in the session entitled “Fast
Forward – the Future of Funding” on April 12. Other scheduled members of this panel are Christopher Coburn, Executive
Director of CCF Innovations; David Morgenthaler, Founding Partner of Morgenthaler Ventures; and John Osher, a noted
entrepreneur and product developer. A full description of the event and all panels can be found at http://showcase.case.edu.
DECEMBER 28, 2006
Liquid Capital of Northeast Ohio will be a sponsor for The Lorain County Chamber of Commerce’s Annual Meeting of
Investors and Partners being held on Tuesday, January 23, 2007, at the Lorain County Community College Spitzer
Conference Center Grand Room beginning at 11:30 am. For twenty years, the Lorain County Chamber has reported on the
accomplishments from the prior year’s Program of Work to our partners and investors.
NOVEMBER 30, 2006
Liquid Capital of Northeast Ohio was an exhibitor at the Lorain County/Northeast Ohio Minority Business-to-Business Expo
held at the Spitzer Conference Center of Lorain Community College. Liquid Capital joined a number of public agencies,
banks and other businesses is providing information and support resources to current and prospective business owners
from the minority community.
OCTOBER 13, 2006
Liquid Capital of Northeast Ohio was an exhibitor at the COSE Small Business Conference in October. One unique aspect of
this event was the Podcasting by our friends at Small Business Trends Radio of various business owners speaking about
their companies. John took the opportunity to participate and you can listen to the result here.
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Why Liquid Capital?
Company Overview
About Us
Factoring
Services
Partners
Publications
Press Room
Contact Us
Why Liquid Capital?
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