Phoenix Business Journal: HSL Financial Group buys majority share of Global Swift Funding
Phoenix Business Journal
by: Chris CasacchiaHSL Financial Group LLC has taken a majority stake in Global Swift Funding, a Chula Vista, Calif., firm that provides capital for small- to middle-market business owners.
Scottsdale-based HSL, a longtime strategic partner with Global Swift and registered investment adviser, will provide financial backing and help GSF provide alternative financing and payment processing solutions to companies throughout the U.S.
“Global Swift Funding has seen a dramatic increase over the past few years in its cash lending services and looks to continue to fuel that growth with additional support and management from HSL Financial,” Glen Hinshaw, chairman and CEO of Global Swift Funding, said in a press release. “Following the recession, many businesses saw their sources of credit dry up, placing an exponential demand on Global Swift Funding’s services, specifically its quick access to cash for working capital.”
With the added capital and strategic management, HSL will be able to grow and sustain additional market share, Hinshaw said.