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Philip Malcolm Joins SCORE Board of Directors
Philip Malcolm of Bentonville, Arkansas, joins the SCORE Board of Directors. SCORE "Counselors to America's Small Business" provides small business mentoring, as well as workshops and seminars, to more than 350,000 aspiring and existing small business owners each year ...


Work Smarter, Not Just Harder
Remember as a kid hearing about the four-day workweek of the future, and how technology was going to make everyone's job more effortless? Then again, the price of electricity was supposed to dwindle to almost nothing by now, and all the toll roads would be paid for and free, right ...


How To Make A True Profit
The project promised to be a blockbuster: $20 million in revenue over two years and the chance to work for a respected giant on Wall Street, an enticing opportunity for a small company whose plans for an IPO evaporated during the dot-com bust of 2001. "Do this deal," Morgan Stanley (Charts) executives urged Rackspace. "We'll put you on the map!"...
 
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Resource Management Partners, Inc - 1690 Washington Ave, Suite 2, Bohemia, NY 11716 - 866.223.6994

- Walter Barrrick ,
Senior VP of Sales & Marketing
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       It is that time of year again when our thoughts are divided between conducting business and preparing for the holidays.  A time to count our blessings, out with the old and in with the new.  ‘Out with the old’ can be scary when it comes to business because you do not want to lose existing customers, but we are happy to announce just that fact.   Don’t get me wrong, we hate to see customers leave; unless it’s for a good reason, and we have lost customers for the right reasons, this year.  

            Barr-None Coating Applicators, Inc. of New Jersey is a contractor that cleans and coats large storage tanks.  Barr-None started as a factoring customer with a LOC of $200,000, and grew to be an ABL customer with access to over $1M at more favorable rates.  After a six year relationship, John Barr, the president of Barr-None said, "I appreciate what Resource Management Partners has done for us.  They helped our company continue to operate when our future looked bleak. RMP provided us with working capital when no one else would.  RMP’s staff has always provided terrific support to all of us at Barr-None.  Over the past 2 years, we have been able to improve our bottom line, and have secured an SBA loan enabling us to consolidate all of our debts and further improve our bottom line. 

            Another customer, a second-generation owned manufacturer and distributor of machine parts, with customers all over the USA and Europe , has been an A/R funding customer with us for 8 years with a LOC of $850,000.  Having now leveled off their rate of growth and concentrating on the bottom line, they are now able to sustain their cash flow with lower borrowings utilizing a traditional bank LOC.


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We are proud to have been part of these success stories.  And, in truth, their referrals and testimonials help us bring in more business than we lose.

            Although, like other lenders, we provide money to businesses to help them sustain and grow, we are equally a service provider.  We strive to provide the necessary funding to help a business survive and grow, while making the experience as smooth as possible.  Our Resource Monitoring Service (RMS) provides all of the back room services needed to operate any business, especially for contractors.  These services include, but are not limited to payroll, insurance, bonding, and accounting.  We provide our Resource Monitoring Service to our own borrowers, as well as borrowers of other lenders who are  looking for the stability that RMS brings to their relationships with their customers.  In addition, we provide RMS for insurance companies (bonding) and businesses looking to outsource this function to a professional.  Here is what one of our new customers, Apex Solutions, said about our service, “ Your team did a great job on the budgets.  I am confident that this year's tax return will be much easier as the financials are presented in a format for a service company.  Again, thanks for your support and I am excited to work with your team.       

              Out with the old? You bet, when it’s for the right reason.  In with the new, if it benefits the customer.  We wish everyone a Merry Christmas, Happy Holidays and a prosperous New Year.

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From All of Us At RMPI

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Monthly Quote


"Be always at war with your vices, at peace with your neighbors, and let each new year find you a better man."
 

- Benjamin Franklin