Cleveland, OH Earlier this week, PRN Funding’s President, Phil Cohen, was among 15 business professionals who attended an organizational meeting of the Great Lakes Chapter of the National Funding Association (NFA).
In attendance at the meeting were financing professionals and intermediaries, including bankers, factors, consultants and attorneys, who are interested in forming the fifth chapter location of the NFA. Currently, the NFA has chapters organized in Atlanta, Charlotte, Chicago and Nashville.
A dynamic networking organization consisting of financial professionals from every financing category dedicated to networking and building bridges within the financial community, the NFA offers borrowers access to a broad assortment of asset-based lenders, bankers, factors and other specialized financing organizations to provide virtually any type or level of financing imaginable. Cleveland-area business owners are encouraged to contact an NFA board member listed on the Web site (http://www.nationalfunding.org) to quickly locate a lender near you.
In an effort to help get the Great Lakes Chapter up and running, PRN Funding, LLC has agreed to become a platinum sponsor for the endeavor. In addition, the president of PRN Funding, Philip Cohen, has joined the NFA’s Board of Advisors.
With years of experience in health care services, PRN Funding has a precise understanding of the unique challenges within the demanding business of serving vendors to healthcare institutions. PRN Funding offers financial resources to these companies by purchasing their accounts receivable–a process known as ‘factoring,’ which provides the cash needed to sustain and grow a healthcare business.