Cadence, a leader in the digital securitization of alternative investments, is partnering with Northwest Capital to expand its offering of investment products.
Cadence is pleased to announce its strategic partnership with Northwest Capital. Cadence continues to work with only the highest-quality originators in the specialty finance industry. Through establishing a robust network of top tier originators, Cadence continues to offer investors unique, high-yield investment products and provide growth capital to our originator partners.
Northwest Capital provides small businesses with receivable factoring services. These businesses sell their invoices for cash in order to satisfy working capital or growth needs in a timely manner. Northwest Capital employs prudent risk management and underwriting standards, leading to various measures that effectively protect against credit losses.
Prath Reddy, Head of Capital Markets at Cadence, believes the partnership sheds light on a very compelling asset class and showcases the breadth of originators that Cadence intends to engage. Elaborating on the arrangement, Prath noted that “Northwest Capital has accumulated decades of experience providing working capital financing to small businesses across the Midwest. We’re honored to deliver them a best in class technology-driven capital markets solution so they can continue to scale and serve their communities.”
Established in Toledo, Ohio in 1989, Northwest Capital purchased over 10,000 invoices in 2018 via its well-developed accounts receivable factoring service. The executive management team highly experienced in corporate and commercial financing founded Northwest Capital to support small businesses underserved by conventional banks. Their proprietary process enables both a streamlined experience for clients and debtors, while simultaneously upholding robust credit standards and enhancements through security interests, guarantees and lock boxes. The universe of small businesses that could benefit from factoring continues to expand and Northwest Capital is well-positioned to take advantage of this trend and grow its portfolio of clients and industries.
Cadence is excited to collaborate with Northwest Capital to continue building an extensive network of originators around its alternative investment platform.