Black Olive Capital launched its intelligent inventory and purchase order lending platform. Black Olive’s mission is to provide inventory and purchase order financing to underserved small-to-medium sized businesses (SMBs) to help them unlock capital to grow and create jobs. Its financing solutions will work for most businesses and industries._x000D_
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Black Olive will address the SMB niche by providing these businesses with $500,000 to $10 million of liquidity based on inventory or purchase orders._x000D_
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Black Olive’s platform was designed to streamline the application and approval process for SMB owners._x000D_
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Carlos D. Gomez, who has experience in inventory, purchase order and asset-based lending, is a co-founder of the company and will serve as president._x000D_
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“Black Olive’s proprietary platform unlocks capital tied up in inventory and maximizes loan sizes,” Gomez said. “Through Black Olive’s purchase order financing program, we can help SMBs acquire the inventory needed to fulfill customer orders. Our proprietary processes and technology are available to most industries, ranging from e-commerce to retail to industrial.”_x000D_
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Black Olive’s platform also was built specifically to partner with accounts receivable factoring lenders, e-commerce lenders, asset-based lenders and traditional lenders.
Forward for Specialty Finance
