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RCN Capital Ticket Financing: Helping Clients Achieve Record Growth and Results in 2015 RCN Capital Ticket Financing: Helping Clients Achieve Record Growth and Results in 2015
Throughout 2015RCN Capitalcontinued to aggressively expand its Ticket Financing program to fulfill its mission of providing financing options for all professional ticket broker clients.... RCN Capital Ticket Financing: Helping Clients Achieve Record Growth and Results in 2015

Throughout 2015RCN Capitalcontinued to aggressively expand its Ticket Financing program to fulfill its mission of providing financing options for all professional ticket broker clients. As a result of these efforts RCN Capital saw dollar loan volume soar by more than 525 percent from the levels achieved in 2014. The Ticket Financing program recorded transactions with all four major sports leagues while offering ticket brokersfive financing optionsconsisting of the following: Transaction Financing, Line of Credit – Secured, Line of Credit – Unsecured, Receivables Financing, and PSL Financing.

“We launched the Ticket Financing program in May of 2014 to provide ticket brokers with five options to finance their business. We are happy to hear from brokers that they are achieving tremendous results using these financing tools,” saidDon Vaccaro, CEO and Founder of RCN Capital.

RCN Capital is very grateful for the support it consistently receives from clients and its extremely high client retention rate. However, the most important accomplishments for Ticket Financing in 2015 are the accomplishments of RCN’s clients. Though financing options certainly help clients manage cash flow and with handling the purchase of multiple different chunks of inventory, the primary objective is to help broker clients achieve their objectives and grow their business. With complete cooperation and approval from the business owners RCN Capital presents the impact of Ticket Financing for two clients in particular in 2015, one with a revenue base of several million and one with a lower revenue base.

Among many RCN clients achieving great success is the rapidly growing and expandingTix Cityof Edison, NJ. Working closely with RCN Capital laying out strategic and tactical objectives Tix City exploded in 2015 to the tune of revenue growth above 70 percent. It is important to note that this growth launched forward from a baseline level of several million dollars. They also expanded profit margins in 2015 which is very meaningful given the introduction of financing into the equation.Lon Belvin, CEO of Tix City, states that “RCN was the biggest reason for our 70% growth and it has opened up doors for us that we were not able to open up in the past by ourselves. In addition to immediate financial gains the impact of Ticket Financing on Tix City’s strategic position and progress is immense.” Tix City throughout 2015 was also able to enter into numerous strategic partnerships given the relationship with RCN while also opening and expanding new revenue channels and opportunities. These new relationships and revenue channels will pay dividends for many years to come further strengthening Tix City and bolstering its ability to exceed its objectives.

Ticket Financing helps generate record results for clients across all ranges of annual revenue. One client operating from an inventory base of a few hundred thousand said, “Upon learning more about the various programs offered and seeing firsthand how RCN’s financing options are tailored to meet a ticket broker’s needs, I selected the one that I felt was the best fit for me. The detailed loan process was relatively straightforward and painless.” This broker received RCN financing in March of 2015. “Since signing up with RCN, I have had five separate financing transactions and I have been nothing short of very satisfied with their program and services. I would describe the entire loan application process and subsequent funding as both professional and smooth. As a result of my affiliation with RCN Capital since 2015, their financing has played a significant role in strengthening my cash flow cycle. Most important of all, my bottom line profit has significantly increased over that same period of time.” For the six months ending in December of 2015 this client saw his revenue jump 60 percent over the same period last year while also significantly increasing his profits.

The proper use of financing and leverage can help ticket brokers exceed their growth objectives and expand their business strategically.

Dave Young manages RCN Capital’s ticket financing program, which presents the global platform for financing options for anyone conducting business related to buying and selling ticket inventory of any kind. To read more about the program{Click Here}, or you can reach Dave at [email protected]