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NIR Group Steps Into Direct Lending Functionality March 19, 2009

Posted by coreyribotsky in Corey Ribotsky, NIR Group.
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Corey Ribotsky of NIR Group

Corey Ribotsky of NIR Group

As the financial climate evolves alternative forms of investing are being established. Recently, traditional methods of borrowing, such as receiving loans from investment banks, have become increasingly difficult to obtain. Stepping into the ever enlarging vacuum are alternative sources of loans, such as hedge funds from investment firms. One of those alternative investment firms is the NIR Group headquartered in Roslyn, NY. For the past 10 years the NIR Group has been lending directly to small and medium sized companies and oversees $7 billion in investments. Corey Ribotsky, Managing Member of NIR comments, “Alternative investment vehicles are going to replace banks and investment banks as being the only financing source for a lot of companies, small, medium and large. That field has increased tenfold as traditional investment banks and traditional banks have not been able to lend to these companies at all.”