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18

Phoenix Capital Group LLC

Accounts receivable financing


Company Details
Location: Phoenix, AZ
Founders: Craig Berry, 29, Mike DeMore, 29
Year Started: June 2001
Initial Investment: $250,000

Turned a Profit: 2001
First Million: 2002

2007 Sales: $72.8 million

Number of Employees:
Day 1: 2
2007: 20
2008: 30*

* Projected by 2009
Company Background
Specialty finance company with a focus on accounts receivable financing (factoring)
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