Advance Capital Group LLC
Advance Capital is an investment fund founded by Anthony Curatola in 2022. The fund focuses on providing alternative financing for small business nationwide. Utilizing its two independent broker/funder partners' platforms, Advance deploys capital to a wide array of businesses in the form of short-term loans.
Problem
Lack of Funding Options for Small
Overall decline in bank lending to small businesses has negatively impacted the sector responsible for 45% of private sector payroll and the creation of 2 out of every 3 jobs in the U.S.
Market Gap
Lack of specilty or alternative short term financing options for small businesses equivalent to what Advance Cap and its partners provide.
Financials
Small business short term funding deals estimated to hit $20 billion in 2023 from $8.6 billion in 2014.
Solution
Close The Gap
Target Audience
Funding
Simplified Payments
Seamless lending process makes
it easier for small business
owners to get the necessary
funding immediately unlike
traditional bank lending.
Small U.S. businesses that demonstrate an increase in annual revenue growth and
stabile monthly receivables.
Streamlined underwriting process
allows borrower to receive funds
within 48 hours of application.
Automated payments deducted
from business’ daily receivables.
Overview
Interests Aligned
-
Advance Capital broker/funder partners, who are responsible for sourcing the deals, fund majority of each deal in-house with advance taking smaller minority piece.
Diversification
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Advance Capital split 50/50 between its two independent broker funder partners.
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Funding deals nationwide across dozens of different industry types.
Tested
-
Since its formation in 2022, Advance Capital has funded approximately 345 deals with principal capital only. (No debt or equity partners to date)
Risk Adverse
-
Loan payback begins immediately after loan is funded (normally within a few days) and is paid down daily reducing lender risk exposure each day.
The Team
Anthony Curatola
Principal / Founder Advance Capital Group LLC
Westwood Funding (FL, NY) - Funding Sister Company
Dominick Curatola
Principal - Broker / Funder - www.westwoodfunding.com
Financials
Deals Funded to Date: 345
Deal Size Range: $10K - $1.5M
Average Deal Size: $102K
Average Advance Fund Portion/Syndication: 5%-50%
Average Term: 107 business days
Interest Rate Range: 33% - 49%
Blended Rate on 345 Deals Funded to Date: 44%
Default Rate Realized on 345 Deals Funded to Date: 3%
Industry Sectors
Medical
Food And Beverage
Hospitality
Trucking and Transportation
HVAC
Construction
Textiles
Automotive
Building Materials
Florist
Convenience Retailers
Salons and Spas
Major Players In The Market
-
On Deck
-
Square
-
CAN Capital
-
Kabbage
-
PayPal
-
American Express
-
Lightspeed
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Wells Fargo
-
U.S. Hedge Funds
-
Lending Club
Gaining Traction
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​5 years ago, the industry could not boast a single public company. Square and OnDeck , to name two, have gone public within the past few years
-
Wells Fargo is funding CAN Capital’s return to the lending marketplace.
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Branded names, such as PayPal and American Express, have dramatically grown their small business platforms, either through acquisition or as an extension of existing business.
The Ask
Advance Capital is seeking to raise up to $20M in debt in order to grow the fund.