Primary Capital Funding, a Merchant Cash Advance Provider and Small Business Servicing Company announced that they have acquired a division of Infinity Capital Funding. The acquisition will enable Primary Capital Funding to expand its mission to help subprime small business owners get out of the vicious cycle that the alternative finance loan system poses and guide merchants to long-term financial well-being. Infinity Capital Funding is a 13-year-old merchant cash advance provider based out of Woodland Hills, California.
David Korchak, Co-Owner of Primary Capital said that “We are excited about the acquisition and believe that the data and technology ICF has built over the past 13 years will be tremendously valuable to our key goals for 2020.”
Primary Capital will also be taking on Isaiah Kenigsberg, ICF’s Financial Controller, as their new CFO. Isaiah Kenigsberg said that “I have been working with Primary Capital over these past few months and I’m truly excited to be joining their team. I believe in their plans for expansion into the market and the growth and strategy visions for the future.”
David Korchak also stated that “We are excited to have Isaiah on board, He is a master at MCA portfolio management, and comes with years of experience in financial data analysis and strategy.”
