openPR Logo
Press release

Windstone Capital Partners, Inc. completes secured financing for Par 3 Management, LLC

03-30-2007 11:41 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Windstone Capital Partners, Inc.

/ PR Agency: GroupWeb EmailWire.Com
( EMAILWIRE.COM, March 29, 2007 ) Scottsdale, Arizona - Windstone Capital Partners, Inc., announced today that it completed a secured financing capital round for Par 3 Management LLC (dba: Friendship Finance), a sub-prime lender doing business in Arizona since 1999. The financing was provided in the form of a secured note. Par 3 Management, LLC will use these funds primarily to expand its portfolio of vehicle title loans which is an emerging market for it and other sub-prime lenders in Arizona.

Michael C. Reynolds, Par 3 Management’s CEO stated, “The Windstone Capital team did an outstanding job in preparing me and my team for this capital raise.” He noted: “This was our first time raising a significant amount of capital from outside sources and we went into it with some trepidation. The Windstone team introduced us to the appropriate capital sources interested in our type of business; plus made sure we were fully prepared to address the lenders’ issues and concerns. I have no doubt this is why we were successful in this initial effort. Our success in this endeavor solidifies my decision to continue using Windstone as our financial advisor as the Company explores additional debt and equity capital options to expand the business.”

Windstone Capital’s Senior Managing Partner, Norman E. Clarke stated, “Our team, lead by Kevin Loud, the firm’s other Senior Managing Partner, worked closely with Michael and his management to facilitate a smooth, quick and decisive financing and one that the client believes is fair and equitable.”

Mr. Loud added: “The operating objectives we have in advising Par 3 Management are the same as we apply to all our clients’ capital needs, whether the capital to be raised is debt or equity. We know that in today’s fast paced economy, windows of opportunity for small to mid sized business, our target markets, not only open very quickly but can close just as fast. Windstone Capital’s obligation is to get our clients to market quickly and efficiently in turn effectively helping them to obtain the funds they need to fully capitalize on their windows of opportunity.”

Par 3 Management, LLC is an Arizona licensed sub prime lender specializing in payday advances and the rapidly growing area of vehicle title loans. Currently the Company has a network of eight locations composed of both wholly owned and affiliated stores located in smaller communities within the state. Par 3 Management, doing business under the name of “Friendship Finance” recently launched an aggressive vehicle title lending program with the funds being provided through the assistance of Windstone Capital Partners. The Company is now embarking on an expansion program to open a number of free standing stores at locations throughout the Southwestern U.S. while also increasing the volume of loan and payday activities at existing locations. Windstone Capital Partners is also providing help in these endeavors.

Windstone Capital Partners, Inc. is a Scottsdale based, merchant banking and financial advisory firm. The firm’s services include venture capital and private equity syndication as well as direct investments for early and mid-sized technology companies nationally and in the Southwest. Windstone’s partners and principals both individually and collectively have handled over $1 billion in capital market transactions.

Disclaimer: Safe Harbor Statement, as cautionary note to investors, certain matters discussed in this document may contain forward looking statements within the meaning of the Private Securities Litigation reform Act of 1995. Statements are based solely on information supplied from Par 3 Management, LLC (dba Friendship Finance) and do not represent an endorsement of the company by Windstone Capital Partners, Inc. or its affiliates.

Contact: Norman E. Clarke, Windstone Capital Partners, Inc. / 602-224-2400 / www.windstonecapital.com

###

This press release was issued through GroupWeb EmailWire.Com. For more information on press release distribution, go to http://www.emailwire.com.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Windstone Capital Partners, Inc. completes secured financing for Par 3 Management, LLC here

News-ID: 17696 • Views:

More Releases for Par

JOIN US FOR A VIRTUAL PAR-TEA
While on a visit to South Africa to visit TIAS ARMS grantees and children, Founder Joanne Baker was forced to stop her travels and was isolated for fourteen days as the Covid 19 pandemic raged. What promises to be a spell-binding segment of TIAS ARMS 11th Annual, now Virtual, Tea Party fundraising event, June 13, 2020 via Zoom, is Joanne's story relating her struggle to get back into the United
Global LED PAR Cans Market Insights, Forecast
This report presents the worldwide LED PAR Cans market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. Get sample copy of the report: https://www.marketdensity.com/contact?ref=Sample&reportid=60622 Table of Contents: Table of Contents 1 Study
Survey Report : Hazardous Environment Waste Handling Robots Market 2025 Global I …
Researchmoz added Most up-to-date research on "Global Hazardous Environment Waste Handling Robots Market Size, Status and Forecast 2025" to its huge collection of research reports. This report studies the global Hazardous Environment Waste Handling Robots market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Hazardous Environment Waste Handling Robots market by companies, region, type and end-use industry. Robots are widely used in various industries,
Thermoplastic Polyurethane Films Market Size, Top Global Key Players Analysis ti …
Market Overview: Thermoplastic Polyurethane Films are used in a wide array of segments which offers significant properties such as excellent lightweight, durability, and moisture resistance. Furthermore, they provide versatility and reliability to the product. The global Thermoplastic Polyurethane Films market has been driven by the scope of its application in various sectors such as construction & buildings, packaging, automotive, and others. Moreover, it is estimated that the packaging segment is set to
Tuberculin Market 2017 - Sanofi Pasteur, Zoetis, Par Sterile, SSI
Apex Research, recently published a detailed market research study focused on the "Tuberculin Market" across the global, regional and country level. The report provides 360° analysis of "Tuberculin Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Tuberculin industry, and estimates the future trend of Tuberculin market on the basis of this
GREEN CREATIVE launches new PAR REFINE Series
SAN BRUNO, CA, July 21th, GREEN CREATIVE, the commercial grade LED lighting manufacturer proudly announces the launch of its latest generation of PAR lamps. The new award-winning PAR REFINE Series includes PAR38, PAR30 long and short neck and PAR20 lamp types in spot, narrow flood and flood beam angles. This year the IES selected the PAR REFINE Series for its 2017 Progress Report, and the PAR38 was chosen by Lighting for