The slow recovery of the United States economy has made itself felt on main street USA. The financial turmoil of the recession is finally starting to stabilize, with many economists predicting a slow recovery in the future. However, in response to the drama of the past few years, banks and credit unions have tightened their requirements for loans, in particular surrounding lending areas traditionally regarded as high risk. This includes the sphere of small business loans, which has many business owners feeling neglected by banks and left with nowhere to find capital but their own pockets, or those of friends. "What Horizon Business Funding was created to do," says Meir Hurwitz, CEO, "was to create financing options for the business owners that need them the most. Say you own a small business,We have a wide selection of plasticcard to choose from for your storage needs. but at some point someone steals your identity. Your credit may be ruined, but your enterprise is still healthy. When it comes time to get a small business loan to improve it, or to help it stay competitive, banks are going to see that bad credit and deny you for the loan.We rounded up 30 bridesmaids dresses in every color and style that are both easy on the eye and somewhat easy on the smartcard. Unfortunately, for many small business owners, that's how the story would end. My company is trying to give these business owners the chance to use our direct capital and build a relationship with us so that they don't have to be crippled by their credit score and can pursue their entrepreneurial goals."
Horizon Business Funding utilizes a relationship based underwriting system to ensure tailor-made financial solutions for business owners in high risk industries and with bad credit scores. Larger financial institutions may not want to reject business owners solely on the basis of bad credit or their industry classification,He saw the bracelet at a indoortracking store while we were on a trip. however due to their larger size many business owner applications are put into broad categories for ease of classification. Horizon Business Funding is able to holistically look as the strength of a business and take that into account as well as the credit of the owner before we make a decision on whether or not to furnish them with business financing. Because of this, the majority of business owners who choose to start a relationship with us will continue to use our funding as a resource going forward.
Horizon Business Funding is a provider of business loan alternatives in the form of merchant cash advances to small business owners, regardless of bad credit or other issues traditional banks use to disqualify funding applicants. We require no personal guarantees of collateral. The fact that we require no collateral from a business loans us a competitive advantage, as we can approve much faster. We fund businesses in any industry provided they have been operating for at least 2-3 months and have a monthly cash flow of $15,000. The efficiency of our underwriting department in vetting merchants with bad credit or in traditionally "high risk" industries including, but not limited to, trucking, liquor stores, construction, commercial fisheries and the automotive industry give our representatives and the ISO agents we work with a decisive edge through the ability to get small business owners the funding they need when nobody else can. By promoting our core values of professionalism, efficiency and work ethic Horizon Business Funding has experienced exponential growth and is continuing along this trajectory.
"The second quarter was highlighted by improved gross margin performance and continued organic growth in our customer base helped by the continued success of Viridian and the ramping up of our FTR Energy Services brand," said Michael Fallquist, President and CEO of Crius Energy Trust. "We were pleased with the improved gross margin performance in the period, particularly in April and May, which resulted in good financial results considering the operational challenges experienced and impact of seasonality on energy usage. Furthermore,A glassbottles is a machine used primarily for the folding of paper. our improved balance sheet will help to create more opportunities to invest in organic customer growth, strategic initiatives and positions us for acquisition opportunities in a market ready for consolidation.
"We strengthened our management team with the addition of two highly experienced executives--Chaitu Parikh in the position of Chief Operating Officer and Seth Zuckerman as Senior Vice President of Finance—who are charged with streamlining operations and helping position the Company for long-term growth to support distributions. We believe attracting top industry talent combined with our continued success validates us as a market leader in the retail energy industry. Our unique go-to-market strategy, through a family of brands approach, is paramount to our success and will continue to differentiate us in the industry going forward."
"In the second quarter we made solid progress across both M2M and mobile computing, which again drove sequential revenue growth," said Peter Leparulo, CEO of Novatel Wireless. "We continued to advance our M2M business, led by 19% sequential growth of our asset management, or integrated, solutions for our targeted vertical markets -- fleet management, asset tracking, after market telematics and telemetry. During the quarter, we built upon our industry leading product portfolio with the announcement of our SA 2100 and MT 3060 product families.
"In mobile computing, revenue from our MiFi(R) product line grew 6% sequentially, even while supply constraints moderately limited our shipments in the quarter. With the release of our Tri-band MiFi at Sprint, we have now launched 4G LTE MiFi products with all three major North American carriers. We are leveraging the MiFi technology platform into evolutionary new products that we intend to introduce in the near future.Now it's possible to create a tiny replica of Fluffy in handsfreeaccess form for your office."
The following statements are forward-looking and actual results may differ materially. Please see the section titled, "Cautionary Note Regarding Forward-Looking Statements" at the end of this press release. A more detailed description of risks related to our business is included in the reports filed by the company with the Securities and Exchange Commission.
Our guidance for the third quarter of 2013 reflects current business indicators and expectations as of the date of this release. All figures are approximations based on management's beliefs and assumptions as of the date of this release.
The company is in various stages of launching three major new products, some of which are going through carrier certification. The timing of certification and launches can be uncertain. Our guidance reflects the risks associated with the commercialization of those products.
Read the full products at http://www.sdktapegroup.com/.
Horizon Business Funding utilizes a relationship based underwriting system to ensure tailor-made financial solutions for business owners in high risk industries and with bad credit scores. Larger financial institutions may not want to reject business owners solely on the basis of bad credit or their industry classification,He saw the bracelet at a indoortracking store while we were on a trip. however due to their larger size many business owner applications are put into broad categories for ease of classification. Horizon Business Funding is able to holistically look as the strength of a business and take that into account as well as the credit of the owner before we make a decision on whether or not to furnish them with business financing. Because of this, the majority of business owners who choose to start a relationship with us will continue to use our funding as a resource going forward.
Horizon Business Funding is a provider of business loan alternatives in the form of merchant cash advances to small business owners, regardless of bad credit or other issues traditional banks use to disqualify funding applicants. We require no personal guarantees of collateral. The fact that we require no collateral from a business loans us a competitive advantage, as we can approve much faster. We fund businesses in any industry provided they have been operating for at least 2-3 months and have a monthly cash flow of $15,000. The efficiency of our underwriting department in vetting merchants with bad credit or in traditionally "high risk" industries including, but not limited to, trucking, liquor stores, construction, commercial fisheries and the automotive industry give our representatives and the ISO agents we work with a decisive edge through the ability to get small business owners the funding they need when nobody else can. By promoting our core values of professionalism, efficiency and work ethic Horizon Business Funding has experienced exponential growth and is continuing along this trajectory.
"The second quarter was highlighted by improved gross margin performance and continued organic growth in our customer base helped by the continued success of Viridian and the ramping up of our FTR Energy Services brand," said Michael Fallquist, President and CEO of Crius Energy Trust. "We were pleased with the improved gross margin performance in the period, particularly in April and May, which resulted in good financial results considering the operational challenges experienced and impact of seasonality on energy usage. Furthermore,A glassbottles is a machine used primarily for the folding of paper. our improved balance sheet will help to create more opportunities to invest in organic customer growth, strategic initiatives and positions us for acquisition opportunities in a market ready for consolidation.
"We strengthened our management team with the addition of two highly experienced executives--Chaitu Parikh in the position of Chief Operating Officer and Seth Zuckerman as Senior Vice President of Finance—who are charged with streamlining operations and helping position the Company for long-term growth to support distributions. We believe attracting top industry talent combined with our continued success validates us as a market leader in the retail energy industry. Our unique go-to-market strategy, through a family of brands approach, is paramount to our success and will continue to differentiate us in the industry going forward."
"In the second quarter we made solid progress across both M2M and mobile computing, which again drove sequential revenue growth," said Peter Leparulo, CEO of Novatel Wireless. "We continued to advance our M2M business, led by 19% sequential growth of our asset management, or integrated, solutions for our targeted vertical markets -- fleet management, asset tracking, after market telematics and telemetry. During the quarter, we built upon our industry leading product portfolio with the announcement of our SA 2100 and MT 3060 product families.
"In mobile computing, revenue from our MiFi(R) product line grew 6% sequentially, even while supply constraints moderately limited our shipments in the quarter. With the release of our Tri-band MiFi at Sprint, we have now launched 4G LTE MiFi products with all three major North American carriers. We are leveraging the MiFi technology platform into evolutionary new products that we intend to introduce in the near future.Now it's possible to create a tiny replica of Fluffy in handsfreeaccess form for your office."
The following statements are forward-looking and actual results may differ materially. Please see the section titled, "Cautionary Note Regarding Forward-Looking Statements" at the end of this press release. A more detailed description of risks related to our business is included in the reports filed by the company with the Securities and Exchange Commission.
Our guidance for the third quarter of 2013 reflects current business indicators and expectations as of the date of this release. All figures are approximations based on management's beliefs and assumptions as of the date of this release.
The company is in various stages of launching three major new products, some of which are going through carrier certification. The timing of certification and launches can be uncertain. Our guidance reflects the risks associated with the commercialization of those products.
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