Business Directory: Details: Finantra Capital
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Website Address: http://www.business.com/directory/financ...
Website Description: Finantra Capital, Inc. is a multi-faceted specialty finance company that provides lending activities related to accounts receivable factoring, equipment leasing, mortgage banking, consumer finance and other types of specialty financing. The company also provides accounting and collections services to other companies. The company's business is conducted through two operating arms - the commercial asset business finance group, which specializes in accounts receivable factoring and equipment leasing and the consumer finance group, which specializes in mortgage banking and other retail specialty financing lines. The company has also formed Finantra Internet Services.com, Inc., a platform for the distribution of financial products and services through the Internet. During 1999, the company acquired Travelers Investment Corporation, the assets of Suntrust Financial Corporation and 80% of the outstanding common shares of Sun Coast Title Company. The wholly owned subsidiaries of the company are Ameri-Cap Business Finance Group, Inc. and Ameri-Cap Consumer Finance Group, Inc. Consumer finance accounted for 65% of 1999 revenues and business finance, 35%.
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