REACHING THE 88%

Weekly Insights from Sol Berkoff
Principal at Charleston Capital, Inc.

Every spring, Bank of America (BoA) does a survey of small businesses (link below).  This year, BoA found that in the year ahead, 59% of small businesses expect revenue to increase and that 67% plan to expand their businesses. 
 
They found that 82% of small businesses have not been negatively impacted by the recently implemented tariffs. 
 
The National Federation of Independent Businesses is also seeing small business optimism near historic highs…

Charleston Capital Names John McAvoy Chief Executive Officer

Charleston, SC, 11 June 2019 -- Charleston Capital today announced the appointment of John McAvoy to the position of Chief Executive Officer and Chairman of the Board of Directors, effective immediately. Mr. McAvoy has over 30 years of experience working in equity and debt capital markets and senior investment management roles.

LOSE THE PAPER TRAIL

Weekly Insights from Sol Berkoff
Principal at Charleston Capital, Inc.

With today’s technology, even small merchants can afford sophisticated payment processing.

We have moved with amazing speed from an economy that pays with paper to one that pays with plastic.  

As recently as 2005, most payments were still made with paper.  Payments via debit and credit card have blossomed while payments via check have shriveled. 

THE ULTIMATE USER EXPERIENCE

Weekly Insights from Sol Berkoff
Principal at Charleston Capital, Inc.

Alternative Finance Platforms see user experience as one of their major advantages over traditional lenders.

To them, banks are hopelessly stuck in the past when it comes to building software that will maximize customer satisfaction.

Is there any way to determine how satisfied small businesses are with alternative finance platforms?

THE GOLDRUSH NEAR YOU

Weekly Insights from Sol Berkoff
Principal at Charleston Capital, Inc.

At Charleston Capital, we are frequently asked why a small businesses would use high APR, short-term financing.

Often, they need capital to grow.

For a small business, raising equity is rarely a viable option.  Small business owners usually do not have the time or the resources to find new partners. 

And -- as good as the modern world is at distributing goods geographically, it is horrible at distributing capital geographically.  

RDM Capital Funding Secures $7.5MM Credit Facility from Charleston Capital

RDM Capital Funding, LLC, a technology enabled specialty finance company, announced that it has entered into a new $7.5 Million credit facility with Drift Credit Opportunities Fund, LP, an affiliate of Charleston Capital Management, LLC.