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as well-respected nonbank asset-based lending groups and banks move upstream to service the needs of larger companies, fewer options remain for smaller companies looking for flexible asset-based lending and growth capital solutions. Recognizing this shift in the market led to the launch of Dwight Funding, co-founded in January 2015 by Ben Brachot and Daniel Basloe.
Having always operated in the lowermiddle-market space, Ben Brachot, formerly of FGI Finance, and Daniel Basloe, formerly of Harborcove Financial, created Dwight Funding to serve businesses that face obstacles, including size and profitability, in qualifying for cheaper, more traditional financing.
"We want to help our clients get on the path to being bankable. We created Dwight Funding to serve those non-bankable businesses - in short, we're comfortable being the B-plan," explained Brachot. "In the world of small and mid-sized businesses, that means being more than just their funding partner. Often times we're acting as a resource hub for these small businesses. We rely heavily on our network toputclientsintouch with the right accountants, consultants, business...