Direct funding provider Allcap Participation Fund appointed Joel Flig president. Flig will be responsible for the strategic direction of the organization and growing the overall fund and portfolio.
A 40-year commercial finance veteran, Flig previously helped build Allied Affiliated Funding for a successful sale to Axiom Bank. Prior to his ten years with Allied, Flig was the executive vice president for Greystone Business Credit.
His career highlights also include founding an investment banking firm, holding executive level business development roles, including an asset based lending group and managing a full sales team, and serving on several credit committees and boards in a senior capacity for various banking institutions.
“We are excited that Joel has agreed to stay on with Allcap to grow and expand our company,” said Clay Tramel, founder of AllCap and former owner of Allied Affiliated Funding. “We’re eager to restart our fund and build something together again, leveraging our funding capacity with his decades of experience in helping entrepreneurs fund their businesses in times of growth, or when they hit bumps in the road.”
Flig added, “This partnership will give us even more opportunity to broaden our horizons to new and more creative financing options for business owners.”
Formed in 2007, Allcap provides direct funding for companies creating the right capital solution for their business, from receivables financing to term loan opportunities as well as participating with other financial institutions.
