NES Financial is new administrator for AVANA Capital
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NES Financial is new administrator for AVANA Capital 26 September 2013 San Jose Reporter: Georgina Lavers
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NES Financial has 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 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 an income stream to investors in the SBA 7(a), SBA 504, and USDA B&I programmes.
"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 using NES Financial, we are able to provide a cost effective method of funds management and protection for our investors, thus further maximising the overall yields earned by our investors."
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