Finance professionals Joseph Genovesi and Patrick Conlin are announcing the launch of Balanced Bridge Funding (“Balanced Bridge”), which offers to accelerate fees, awards, salaries, claims, contract earnings, contract receivables, and other future receivables across many different asset classes.
“Balanced Bridge was created to provide financing to professionals with special funding requests not serviced by traditional funders,” says Patrick Conlin, Managing Director of Balanced Bridge. “We can help anyone looking to accelerate their earned receivables.”
“We think Balanced Bridge will become the favored choice of funding for those seeking alternative ways to access capital,” says Joseph Genovesi, Chief Executive Officer of Balanced Bridge.
Balanced Bridge purchases portions of future receivables in lawsuit settlements, attorney fees, commissions, designated salaries, athlete contract earnings, and government contract receivables.
They then provide an advance against the purchased amount. As a result, the client can quickly access their money without becoming indebted to a lender.
Balanced Bridge has designated specific areas where they will focus on providing funding. Through its subsidiaries Accel Commission Advance and First Year Funding, the company has expanded into areas traditional funders like banks and credit unions are unable or unwilling to provide financing to.
The principals of Balanced Bridge, Joseph Genovesi and Patrick Conlin, have over 40 years of combined experience in the alternative finance space. Genovesi was the head of an alternative finance company. Prior to that, he served as president of a $200 million legal funding company and was the senior vice president at an alternative advisory firm. Conlin was a financial advisor to growth companies across multiple industries advising on matters related to mergers and acquisitions and raising capital.