San Jose, CA, Sept. 24, 2013 (GLOBE NEWSWIRE) -- NES Financial announced today that is been selected by AVANA Capital to provide a Small Business Administration (SBA) fund administration solution for their Golden Bull Fixed Income Funds. NES Financial's solutions hold investor funds in secure, FDIC-insured accounts while providing sub-account level visibility to each investor, as well as fund administration reporting for the fund manager.
AVANA Capital creates, provides funding for, and manages fixed income funds that offer a predictable, regular, and stable income stream to investors in the SBA 7(a), SBA 504, and USDA B&I programs.
"We went with NES Financial because they are the leader in providing an additional level of security and comfort for our investors," said Sundip Patel, Founder and Managing Partner of AVANA Capital. "It is important to us to have a segregation of investor funds from our own internal capital. By utilizing NES Financial, we are able to provide a cost effective method of funds management and protection for our investors, thus further maximizing the overall yields earned by our investors."
NES Financial delivers technology-based funds administration services built on its proprietary eSTAC™ technology for the efficient administration of specialized financial transactions. These solutions provide security, transparency, and compliance throughout the escrow and funds administration process.
"AVANA Capital shares our vision of ensuring investor security and diligence in managing investor funds," said Reid Thomas, EVP at NES Financial. "With more and more investors requesting increased transparency, companies that embrace technology-enabled solutions will continue to thrive versus their competitors and be successful with investors."
About NES Financial
NES Financial provides technology-enabled services for the efficient administration of highly specialized financial transactions. Our custom solutions include EB-5 escrows, 1031 exchanges, and multi-tiered sub-accounting transactions. Many of the world's largest corporations rely on our proprietary technology, unparalleled expertise, and outstanding services to ensure the secure, transparent, and compliant management of funds. Recognized two years running by Inc. Magazine's 500|5000 list as one of the fastest growing private companies in America, NES Financial helps companies lower administrative costs, reduce risk, and improve ROI. For more information, visit www.nesf.com.
About AVANA Capital
AVANA Capital is a nationwide commercial real estate lender specializing in SBA and USDA financing for businesses in a wide range of industries. AVANA Capital's goal has always been to promote job growth and retention by lending to small and medium-sized companies. AVANA leverages 135+ combined years of banking and real estate lending experience, superior analytics, and proven operational excellence to provide clients and partners with timely funding. Since creation, the company has funded more than $500 million in loans, which have resulted in 7,800 new jobs across the country. For more information visit www.avanacapital.com.
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Source: NES Financial