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Commercial Finance Vet Launches Mountainside Capital

January 27, 2020, 09:00 AM
Filed Under: New Venture

Joel Flig, a 40 year veteran of the commercial finance industry has formed Mountainside Capital. Mountainside Capital will provide direct funding to companies creating the right capital solutions for their businesses offering receivables financing and other ABL products including term loan opportunities as well as participations with other lenders. Flig noted, “We are very excited about starting Mountainside. Our team understands the importance of being responsive and providing funding quickly. With deep industry expertise, no formal committee process that slows approvals and fundings, and direct access to the owners, Mountainside offers key advantages for business owners to obtain funding.”

Flig, who will serve as President and CEO of Mountainside, has been in the commercial finance business for over 40 years. Most recently, he helped build his previous factoring company to a successful sale to a bank. Flig’s career highlights include helping launch Greystone Business Credit as an Executive Vice President where he managed the sales team and was responsible for the day to day operations, including sitting on several credit committees. Flig has also founded an investment banking firm which provided consulting to companies and placed $600 million in financing transactions nationwide. Flig obtained his BBA from Baruch college.

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