NetMore America Inc. secures $5.5 million in capital investmentsMortgagePress.comloan volume, warehouse lenders
NetMore America Inc.
announced it has obtained a total of $5.5 million in funds to date,
including $3 million in capital secured during June 2008. NetMore
will use the funds obtained in June 2008 to strengthen its balance
sheet and as equity capital needed to increase its permissible loan
volume with its warehouse lenders.
NetMore also announced the appointment of Bill Prater, managing
partner of Northland Capital LLC, to chair the informal advisory
board of NetMore. Prater is the CEO of Leriot LLC, a management and
organizational development firm. Prater co-founded and served as
CEO of an investment banking firm for 18 years, has been involved
in improving stakeholder relations and profitability in more than
80 companies, and has more than 30 years of experience in business
development, finance, management, marketing and sales.
NetMore America Inc. is a retail and wholesale mortgage lender
based in Walla Walla, Wash. For more information, call (509)
526-4007 or visit www.netmoreamerica.com.