Scott Gustafson
Monroe, NC (USA)
Role(s):
Active Funding Request
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C-Level Executive (CEO, CFO, etc.)
Sic Parvis Magna
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Startup
Location:
Monroe
Industry:
Finance
Year Founded:
2011
Number Employees:
1-10 people
Business Stage:
Growth (not profitable)
Entity Type:
Limited Liability Company
Description:
Sic Parvis Magna is in the business of acquiring charged off credit card debt at an extreme discount and then collecting those assets by placing the portfolios with extraordinarily qualified, third party collection agency, CFS II, based in Tulsa, Oklahoma.
The purchase and collection of charged off debt is not a new industry – nor is it a small one. The industry is comprised of large public and private companies and many smaller companies. Today, and for the next five to ten years, there is a vast oversupply of charged off debt available for purchase due to the recession and very high rates of charge offs at the credit card banks. This excess supply allows a tremendous opportunity for a new firm, like Sic Parvis Magna, to purchase these assets efficiently and at a steeply discounted price.
Sic Parvis Magna expects to achieve above average collection results by the selection of collection agencies that utilize a unique strategy for working with consumers. The Applied Psychology strategy is unlike the typical “confrontation” strategy used by most collection agencies. Sic Parvis Magna has learned the strategy under the guidance of William R. Bartmann, the person who developed it and, at the same time, built the largest and most successful collection agency in the nation.
Sic Parvis Magna intends that, after payment of collection costs, all cash flow from collections will be used to retire the debt from the initial financing. Consequently, the loan will be repaid very quickly. The goal of this financing strategy is to demonstrate to the lender that Sic Parvis Magna’ business model produces both large profit margins and a cash flow that is front-loaded; illustrating that the lender’s risk is minimized. Only after the loan is repaid will Sic Parvis Magna seek additional financing based on the established track record.
Not only does CFS II help debtees settle their outstanding debt, but they now assist debtees who are unemployed by building their resumes, locating employers looking for people with their job skills, sending the resumes to the employers, setting interview appointments and even calling the debtee to remind them of their interview. How many collection agencies do you know provide that kind customer service?
With the combined power of CFS II's customer service, the guidance of Bill Bartmann, the pioneer of debt acquisition and collection, and the high profitability return rate of my business, why would you not invest with my business?