Capital Financial Global Increases Funding Capacity With New Strategic Partnership
SALT LAKE CITY, UT / ACCESSWIRE / July 19, 2023 / Capital Financial Global, Inc. (OTC PINK:CFGX), a specialty finance company that offers asset-backed financing and loan advisory services, today announced a significant increase in its funding capacity, through its new strategic partnership with correspondent lender RCN Capital. "This new partnership represents a significant milestone in our growth strategy," said Paul Edward Norat, CEO of Capital Financial Global. "By expanding our funding capacity, we are better positioned to serve our clients and create value for our shareholders." The partnership with RCN Capital will allow Capital Financial Global to [...]
Capital Financial Global Announces Plan to Upgrade its Board of Directors
SALT LAKE CITY, UT / ACCESSWIRE / July 14, 2023 / Capital Financial Global, Inc. (OTC Pink:CFGX), a specialty finance company that offers asset-backed financing and loan advisory services, today announced plans to restructure its board of directors to meet the independence and oversight requirements of national exchanges like NASDAQ and NYSE. "We are fully committed to the highest standards of corporate governance and believe that restructuring our board to meet the stringent requirements of major exchanges will further align our operations with these standards," said Paul Edward Norat, CEO of Capital Financial Global. "This is a major [...]
Capital Financial Global, Inc. Announces Plans for Upcoming Real Estate Debt Fund
SALT LAKE CITY, UT / ACCESSWIRE / June 23, 2023 / Capital Financial Global, Inc. (OTC Pink:CFGX), a specialty finance company that offers asset-backed financing and loan advisory services, is excited to announce plans to create a new real estate debt fund. The specific name of the fund is withheld for compliance reasons and will be disclosed in due course. "The creation of our new real estate debt fund represents our continuous commitment to exploring innovative solutions for asset-backed lending, focusing on the real estate sector," said Paul Edward Norat, CEO of Capital Financial Global. "The intent of [...]
Capital Financial Global Rescinds Merger Agreement With Affiliated Funding Corp, Exits Invoice Factoring Business to Avoid Economic Impact of COVID-19
SALT LAKE CITY, UT--(GlobeNewsWire–July 17, 2020) - Capital Financial Global, Inc. (OTC Pink: CFGX), announced today that it has rescinded its merger with Affiliated Funding Corporation and is exiting the invoice factoring business to avoid potential losses and market risk associated with the economic impact of COVID-19.“What began as an incredibly good opportunity in invoice factoring quickly began to look like we were walking straight into an economic trap,” said Paul Edward Norat, CEO of Capital Financial Global. “By unwinding the merger with AFC and getting out of the invoice factoring business this early we truly believe we [...]
Capital Financial Global Gains Momentum With Increased Demand For Invoice Factoring In Its Commercial Finance Division As Companies are Requiring Extra Capital To Make Strategic Moves Driven By New Opportunities
SALT LAKE CITY, April 02, 2020 (GLOBE NEWSWIRE) -- Capital Financial Global, Inc. (OTC Pink: CFGX), announced today that it is gaining momentum in its invoice factoring operations. The Company acquired its invoice factoring capacity a year ago through a merger with Affiliated Funding Corporation and operates the division as part of its Commercial Finance Division. “Right now we have more demand for our invoice factoring services than we expected,” said Paul Edward Norat, CEO of Capital Financial Global. “We’re seeing many stable companies looking to use invoice factoring, not only as a way to protect themselves against [...]
CEO Update
Dear Valued Shareholders, Thank you for your ongoing support, I know it has been a very long time for some of you. We are on the edge of completing some very important steps to solidify the company and make it profitable again. In order to achieve this, we need some more cash to pay for accountants, attorneys, filings, and various operational expenses that are now required to make this happen. I know it has not been long since I publicly said that the company doesn't need to raise its authorized stock, but things have rapidly changed and we [...]
Capital Financial Global Completes Merger With Affiliated Funding Corporation, Invoice Factoring and Commercial Finance Business
SALT LAKE CITY, UT--(March 22, 2019) - Capital Financial Global, Inc. (OTC Pink: CFGX), announced today that it has successfully completed a merger with Affiliated Funding Corporation (“AFC”), an invoice factoring and commercial finance business. The result of the transaction is that AFC has merged with and into CFGX, and CFGX is now the surviving entity. “We thank the guys from Affiliated for working so fast to get this done and we welcome them to our team,” said Paul Edward Norat, CEO of Capital Financial Global. “As I’ve pointed out before, this merger is a huge development for us [...]
Capital Financial Global in Talks to Acquire Affiliated Funding Corporation, Invoice Factoring and Commercial Finance Business
SALT LAKE CITY, UT--(February 25, 2019) - Capital Financial Global, Inc. (OTC Pink: CFGX), announced today that it has executed a letter of intent to acquire all of the outstanding stock of Affiliated Funding Corporation (“AFC”), an invoice factoring and commercial finance business. The result of the transaction will be that AFC will merge with and into CFGX, and CFGX will be the surviving entity on the closing of the Merger. The closing of the Merger is subject to the execution of a final Agreement and Plan of Merger, and the satisfaction of certain conditions, including approval by [...]
Capital Financial Global Announces Engagement by Energy Company to Arrange Financing
SALT LAKE CITY, UT -- (November 10, 2017) -- Capital Financial Global, Inc. (OTC Pink: CFGX), announced today that it has signed an Engagement Agreement to arrange up to $200 million in financing for Empresa Energía Honduras S.A de C.V., in exchange for fees. "We are honored to have been given this assignment,” said Paul Edward Norat, CEO of Capital Financial Global, Inc. “This transaction will be a wonderful segue to the totally under-served South American markets where many very high quality businesses are desiring to tap more fully into the U.S. capital markets. In doing this, we intend to [...]
Capital Financial Global Announces Letter of Intent for Possible Life Settlement Transaction
SALT LAKE CITY, UT -- (March 24, 2017) -- Capital Financial Global, Inc. (OTC Pink: CFGX), announced today that it has signed a Letter of Intent to enter into a possible arrangement involving the potential acquisition of cash flows derived from the death benefit payouts from various portfolios of senior life settlement policies. "This marks a clear path to our going-forward business model,” said Paul Edward Norat, CEO of Capital Financial Global, Inc. “We expect big things to come as a result of this agreement. We plan to fundamentally change how the life settlement industry accesses the capital [...]
