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FAVO Capital is Pleased to Announce Its First Quarter 2021 Financial Results
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Favo Capital, Inc.: FAVO Capital is Pleased to Announce Its First Quarter 2021 Financial Results
The Filing of Q1 2021 Financial Statements, is the Final Step to Achieve the Milestone of Obtaining Pink Current Information on the OTC Markets.
WESTBURY, NY / ACCESSWIRE / June 10, 2021 / The Company (OTC PINK:FAVO) is pleased to provide the following highlights of its first full quarter of business in its newly formed Alternative Business Funding and Finance Division.
FAVO Capital 1 st Quarter 2021 Business Highlights:
Originated over 650 new Merchant Cash Advances (MCA s) in the first quarter (Q1) of 2021
Partnered and participated in approximately $80,000,000 of Business Funding
Advance receivables have increased Quarter over Quarter (QoQ) from $496k in Q4/2020 to $2.2M in Q1/2021
FAVO Capital is Pleased to Announce the Completion of OTC Market Filings and Obtaining Pink Current Information and Company Provides Corporate Updates
ACCESSWIRE
WESTBURY, NY / ACCESSWIRE / April 29, 2021 / FAVO Realty Inc. (OTC PINK:FAVO)
Over the Past 7 Months (as of April 27, 2021)
Recently Raised over $3.0 Million in 18 and 24 Month Debt Which is Being Used to Finance Small Businesses in Syndication with Seasoned Partners
Portfolio Average Factor is 1.40x over 6.7 Months
Partnered and Participated with Over 20 Direct Funders in Syndication Which Has Provided Over 900 Small Businesses With $90 Mil in Short-Term Working Capital
Participated in approximately 3.3% of that $90 Mil of Funding - Extending $3.1 Mil in Working Capital with A Right-To-Receive RTR Of Over $4.3 Mil Over the Next 7 Months
FAVO Capital is Pleased to Announce the Completion of OTC Market Filings and Obtaining Pink Current Information and Company Provides Corporate Updates
ACCESSWIRE
WESTBURY, NY / ACCESSWIRE / April 29, 2021 / FAVO Realty Inc. (OTC PINK:FAVO)
Over the Past 7 Months (as of April 27, 2021)
Recently Raised over $3.0 Million in 18 and 24 Month Debt Which is Being Used to Finance Small Businesses in Syndication with Seasoned Partners
Portfolio Average Factor is 1.40x over 6.7 Months
Partnered and Participated with Over 20 Direct Funders in Syndication Which Has Provided Over 900 Small Businesses With $90 Mil in Short-Term Working Capital
Participated in approximately 3.3% of that $90 Mil of Funding - Extending $3.1 Mil in Working Capital with A Right-To-Receive RTR Of Over $4.3 Mil Over the Next 7 Months
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