Pelagic and Provident Unite to Elevate Client Services

Westport, CT, May 13, 2024 — Pelagic Capital Corporation, a distinguished equipment finance firm based in Westport, Connecticut, is delighted to announce its strategic partnership with Provident Commercial Finance, a division of Scale Bank. This collaboration aims to redefine financial solutions by offering customized factoring services to Pelagic’s esteemed clientele.

About Pelagic Capital Corporation: With a legacy of excellence, Pelagic Capital Corporation empowers trucking companies across diverse sectors. Providing financing for trucks and trailers, Pelagic consistently delivers results, enabling companies to thrive and expand. Pelagic has consistently told drivers ‘yes’ where others have said ‘no’.

About Provident Commercial Finance: Provident Commercial Finance, a division of Scale Bank, brings decades of expertise in factoring and accounts receivable financing. Their seasoned team understands the unique challenges faced by businesses, especially during growth phases. Provident’s client-centric approach ensures seamless cash flow management, allowing companies to focus on their core operations.

The Synergy: The partnership between Pelagic Capital Corporation and Provident Commercial Finance is a game-changer. By combining Pelagic’s market insights and client relationships with Provident’s specialized factoring services, businesses can now access flexible financing solutions tailored to their specific needs. Whether it’s bridging cash flow gaps, accelerating growth, or managing working capital, Pelagic’s clients will benefit from this strategic alliance.

Key Benefits:

  • Streamlined Factoring Services: Pelagic clients can now leverage Provident’s expertise in accounts receivable financing. Factoring solutions will be customized to meet individual business requirements.
  • Enhanced Cash Flow: Faster access to working capital ensures smoother operations and growth opportunities.
  • Collaborative Approach: Pelagic and Provident will work closely with clients, understanding their unique circumstances and tailoring solutions accordingly.

“We are excited about this partnership,” said Greg Minsky, Managing Director of Pelagic Capital Corporation. “Our clients deserve the best, and Provident’s factoring services align perfectly with our commitment to excellence.”

“At Provident, we believe in empowering businesses,” added Talley Clower, SVP at Provident Commercial Finance. “Together with Pelagic, we can drive financial success for our clients.”