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Baldwin, NY (November 30, 2000) - MyReceivables.com,
the leading provider of online accounts receivable funding
and management and technology services, announced today that
it has become part of the LiveCapital Financing Network. LiveCapital
is the leading enabler of real-time business financing and
offers its clients instant access to small business financing.
“The services offered by MyReceivables.com
complement those offered through the LiveCapital Financing
Network,” said Leonard Leff, president and chief executive
officer of MyReceivables.com and its parent company, the CDS
Group. “MyReceivables.com gives small business owners another
option in financing via the web.”
The addition of MyReceivables.com
increases LiveCapital’s roster of lending partners to include
more than 70 lenders and lessors who together offer financing
products that cover the entire credit spectrum. MyReceivables.com
provides small businesses with cash against their receivables
through a completely web-based platform. MyReceivables.com
is backed by CDS Companies, a firm with a successful 28-year
history.
“Adding MyReceivables.com
to our network of lenders and lessors will further enhance
our clients’ ability to offer their small business customers
a more diverse selection of financing alternatives,” said
Matt Seaburn, vice president of financing network operations
at LiveCapital. “In this competitive market, having the ability
to offer the right type of financing in real time can make
the difference when trying to acquire and retain customers.”
The LiveCapital Financing
Network is a core component of the LiveCapital Finance Platform,
the company’s customizable enablement solution for financial
institutions, vendors and B2B marketplaces seeking to offer
instant financing from their corporate Web sites. Using the
LiveCapital Finance Platform, a client company can provide
its small business customers with the ability to – in less
than five minutes – complete a financing application, have
that application instantly evaluated, and immediately secure
financing decisions from members of the LiveCapital Financing
Network.
About LiveCapital
LiveCapital is the leading provider of real-time credit and
financing solutions for companies serving the business market.
Equipment manufacturers, online marketplaces, and other companies
active in B2B commerce use the LiveCapital Finance Platform
(LCFP) to offer their customers instant access to loans, leases,
and trade credit at the point-of-sale. The LCFP facilitates
all aspects of the credit process for all types of business
credit, enabling application submission and processing, credit
scoring, underwriting, approval, funding, and servicing. To
date, LiveCapital has enabled Staples, Microsoft, and others
to offer instant online credit services to their small business
customers and has facilitated the approval of more than $3.5
billion in business financing. LiveCapital is privately held
and headquartered in San Mateo, California.
About MyReceivables.com
MyReceivables.com, a member of CDS Companies established in
1972, began offering its services online in early 2000. The
company is the first provider of a full range of online accounts
receivable services. This includes accounts receivable management
and funding, technology, virtual credit cards, billing, collections,
and database marketing, making it the Internet’s leader for
small businesses' accounts receivable funding and management.
Additionally, MyReceivables.com is leading the way with proprietary
online payment and transaction processing technology offering
a variety of custom credit purchasing programs for consumer
and business-to-business Internet transactions.
CDS Companies is a New York-based
financial services and technology company. For more information,
visit the company’s web site at www.MyReceivables.com
or call Leonard Leff, president and chief executive officer,
at 1-800-338-7353.
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