Daily News: April 9, 2013

Capstone Group Joins OutreachSpeed as Contract Capital Provider

Capstone Group, a private finance company, announced the firm will provide contract capital services to minority and women-owned small businesses through an agreement with OutreachSpeed, an online collaborative platform offering business resources and real-time opportunities for the development and growth of minority-, women-, veteran- and tribal-owned small businesses.

Capstone will provide contract-based funding solutions and working capital against contract invoicing or accounts receivable to qualifying OutreachSpeed member firms for expansion, growth and liquidity. Of particular note, OutreachSpeed funding resources are supported by the Treasury-listed, A-rated Surety bonding to support sales, growth and strengthen the ability of member firms to qualify, bid and perform on existing and future projects.

OutreachSpeed is a free, member-based engagement platform that bridges opportunities for small businesses with government contractors. Through the platform, small businesses and contactors have access to obtain Surety bonding, contract capital, access RFPs and teaming opportunities that support initiatives within the Federal JOBS Act and the American Recovery Act for diversity inclusion goals.

“For more than twenty years, our commitment to small business growth has been built through innovative solutions with more than $3 billion dollars of funding provided to undercapitalized firms,” stated Joseph F. Ingrassia, managing member of Capstone Group. “At this moment, in this economy many firms remain under substantial debt, unable to obtain funding from traditional sources to grow their business. “We are proud to join forces with OutreachSpeed to provide productive and effective resources which supports small businesses.”

Capstone Group is a private finance company that provides clients with essential working capital liquidity against accounts receivable for the expansion, growth or acquisition of pre-sold, finished merchandise.

OutreachSpeed.com is a collaborative online community that connects small and diverse businesses to real-time opportunities and resources that support business growth and diversity inclusion with minority, women, veteran and tribal-owned businesses.