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  September 5, 2001
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Home > Company Index > Financial Services > Commercial Lending > Freshstart Venture Capital Corp.

Freshstart Venture Capital Corp.
 PROFILE
You lending to "me"? Freshstart Venture Capital, a Specialized Small Business Investment Company (SSBIC), finances cabs and the expensive brass medallions that are their permits. Taxi-related financing represents about 80% of the firm's loans. (The Small Business Administration, or SBA, allows only 50% but hasn't taken action.) Freshstart also lends to laundromats and dry cleaners, restaurants, and service stations. SSBICs, whose loans are geared to the disadvantaged, can borrow funds from the SBA at relatively low interest rates (6.5% to 9%); Freshstart charges customers up to 18%. A subsidiary of medallion financier Medallion Financial, Freshstart may merge with another Medallion subsidiary in 2001.

 COMPETITION
Allied Capital Corporation (ALD)
Ameritrans Capital Corporation (AMTC)
Waterside Capital Corporation (WSCC)

 FINANCIAL OVERVIEW
Fiscal Year-End: May
2000 Sales (mil.): 2.70
1-Yr. Sales Growth: (7.2)%
Employees: 5
Revenue per employee: $540,000.00

 KEY PEOPLE
• Zindel Zelmanovitch
    CEO

 CONTACT INFO
24-29 Jackson Ave.
Long Island City, NY 11101
US
Phone: 718-361-9595
Fax: 718-361-8295

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