August 4, 2009
Trinex Capital rolls out construction project financing for general contractors and larger sub contractors. Through the program, contractors can receive a line of credit for up to 80% of the project cost before work even begins. Customers can also be advanced money on invoices as work is completed. Projects or a combination of projects whose revenues total $500,000 or above will qualify. This new program will allow contractors that have been restricted or turned down by their bank to obtain financing to bid and win larger projects.
March 3 , 2009
Trinex Capital announces the securitization of a new distressed debt portfolio increasing the previous lending limits to $500,000 per customer. The portfolio will primarily be used by customers that have declined through traditional financing sources. Other possible scenarios include start up companies, non conforming equipment assets, distressed debt alleviation, partnership buyouts, and project cost funding. "I am particularly please with the added funding capabilities because it more closely reflects the business environment we are in right now, an environment that everyone else is neglecting" said Jeff Johnson, Senior VP.
October 20, 2007
Metropolitan Los Angeles and San Diego were surrounded by a ring of fire in October. From Malibu, Valencia and Lake Arrowhead to Foothill Ranch, Rancho Bernardo and Poway, we witnessed the mass evacuation of nearly a million people and the destruction of thousands of residences. Some of Trinex's employees were evacuated during the fires and while the loss of life was mercifully low, the impact has been felt by thousands of families.
Trinex has made generous contributions to the Southern California Wildfire Relief Fund to support immediate and long term recovery efforts with a particular focus on needy populations and nonprofits serving the affected areas.