MotherFund LLC
| Private | |
| ISIN | 🆔 |
| Industry | Financial services |
| Founded 📆 | 2007 |
| Founder 👔 | Jason Bishop |
| Headquarters 🏙️ | , , United States |
Area served 🗺️ | United States |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
MotherFund LLC is a family-operated, Texas-based commercial finance company providing working capital solutions and merchant services to small businesses in the United States. Founded in 2007, MotherFund headquarters is located in Rockwall, Texas.
History
At 25 years old, Jason Bishop moved his family to Dallas, Texas to start work in a sales position for RewardsNetwork. Bishop moved on to working for AdvanceMe and then commuting to Strategic Funding Source, now known as Kapitus, in New York City as one of the founding members for two years before starting MotherFund in Rockwall, Texas.[1][2] The company name MotherFund originated as a way to stand out to potential merchants as a source of financing, instead of the other capital providers whose names were typically bland.[3] MotherFund's founding mission was to improve the existing operations of businesses via capital injection after the financial crisis of 2007–08 where traditional banks were not extending credit to small and medium-sized enterprises.[4][5] As the company grew, MotherFund became more specialized in providing the customized growth capital necessary for small business owners to add value to their companies, whether it be for additional facilities, marketing budgets, or liquidity for a future SBA loan.[6]
With the introduction of the automated clearing house financing programs in the commercial finance space, new companies flooded the market because finance companies could now use cash flow as collateral from all aspects of the business receiving funding, instead of the singular focus on credit card receivables.[7]
In 2018, MotherFund had provided over $100M in funding to small businesses.
References
- ↑ "Why Strategic Funding Rebranded as Kapitus". www.debanked.com. Retrieved 3 June 2020.
- ↑ "Jason Bishop: 40 Under Forty Award Honoree". www.bizjournals.com. Retrieved 26 August 2019.
- ↑ "What's in a name? MotherFund, a merchant advance company, was founded in 2007 and its management team has over 60 years' experience in specialty finance to restaurants and retailers". www.thesecuredlender-digital.com. Retrieved 29 August 2019.
- ↑ "David Johnson CEO Spotlight - Jason Bishop of MotherFund" www.dfw.cbslocal.com. Retrieved 3 June 2020.
- ↑ Bishop, Jason (July 2012). "The Wild World of Merchant Cash Advance" (PDF). Commercial Factor. Avila Beach, California: International Factoring Association. Retrieved 3 June 2020.
- ↑ "May 30 - Jason Bishop, MotherFund & Mark Bennett, IDLife". www.playmakerstalkshow.com. Retrieved 29 August 2019.
- ↑ Bishop, Jason (October 2013). "Barbarians at the Gate" (PDF). Commercial Factor. Avila Beach, California: International Factoring Association. Retrieved 29 August 2019.
External Links
This article "MotherFund" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:MotherFund. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
