New Century Financial Group Offers Expert Guidance for Success

New Century Financial Group has been a trusted partner for individuals and businesses seeking financial guidance for decades. With a strong foundation in the industry, their team of experts has helped countless clients achieve their goals.

Their expertise spans a wide range of financial services, including mortgage lending, insurance, and investment advice. This comprehensive approach allows clients to receive a holistic understanding of their financial situation and develop a personalized plan for success.

New Century Financial Group's commitment to excellence is evident in their state-of-the-art technology and cutting-edge financial tools. These innovative resources enable their team to provide timely and accurate guidance, giving clients the confidence they need to make informed financial decisions.

Whether you're looking to purchase a home, plan for retirement, or simply get a better handle on your finances, New Century Financial Group is here to help.

Explore further: Financial Plan

New Century Financial filed for Chapter 11 bankruptcy on April 2, 2007, with liabilities exceeding $100 million.

The company had already terminated the employment of about 3,200 people, or 54% of its workforce, before filing for bankruptcy.

It secured $150 million of financing from CIT Group Inc. and Greenwich Capital to continue operating during the bankruptcy process.

New Century Financial had around 100,000 creditors at the time of its bankruptcy filing.

The company warned that its effort to liquidate assets could be disrupted if GE Capital was allowed to seize leased equipment, including computers and chairs.

For your interest: Benefits of a Captive Insurance Company

Financial difficulties can be a major setback for any business. New Century Financial Corporation filed for Chapter 11 bankruptcy on April 2, 2007, listing liabilities of more than $100 million.

This was a huge blow to the company, which had already fired 3,200 employees, or 54% of its workforce, just before filing for bankruptcy. The company had plans to quickly sell assets, but this was a challenging task.

The company secured $150 million of financing from CIT Group Inc. and Greenwich Capital to continue operating during the bankruptcy process. This was a lifeline for New Century, but it was still a difficult time for the company.

Curious to learn more? Check out: What Company Is Elan Financial Services

New Century had around 100,000 creditors, which made it a complex situation to navigate. The company faced opposition from GE Capital, which wanted to repossess equipment leased to New Century.

New Century argued that seizing the equipment would disrupt its efforts to wind down operations and repay creditors. The company said it needed the equipment to keep its loan-servicing business operating as a going concern.

In the end, the New Century brand was being positioned for sale as of 2008. This was a significant development, as it marked the end of an era for the company.

On a similar theme: Captive Insurance Company Tax Benefits

New Century Financial took the time to really understand our business, how it works, and the timing of our cash flow needs. This level of understanding is essential for effective financial assistance.

They have a team of knowledgeable account reps who are always friendly, considerate, and willing to answer questions. This kind of support can make a huge difference in navigating financial struggles.

New Century Financial consistently delivers excellent-quality, timely service, which is crucial for businesses that need quick solutions. Their account managers are particularly skilled at providing top-notch service.

Debra Pinkston, Daniela Escamilla, and Nel Somarriba, the CEO, are all highly valued for their exceptional work. They have helped many businesses like yours find relief from financial struggles.

New Century Financial's commitment to understanding their clients' needs and providing top-notch service has earned them a reputation as a valued business partner.

Our experience with NCF has been very positive.

We've seen firsthand that NCF can be a lifeline for businesses in need.

After having a very bad experience with a local bank and seemingly having no where to turn, they were extremely lucky to have found NCF.

It has now been seven years and they're grateful every day.

NCF has helped businesses survive and thrive.

They've provided a much-needed alternative to traditional banking options.

It's clear that NCF has made a significant impact on their clients' lives.

New Century Financial was founded in 1998 and was based in Irvine, California. It was a leading subprime mortgage lender in the United States.

The company's rapid growth was fueled by its innovative approach to subprime lending, which allowed it to originate and securitize large volumes of mortgages. This business model was highly profitable in the early 2000s.

New Century Financial went public in 2004, listing its shares on the New York Stock Exchange.

Our team is the backbone of our company, and we're proud to say that they're truly awesome to work with. Quennie, in particular, stands out for her exceptional customer service skills, answering emails and calls promptly, even across different time zones.

The rest of the team is also highly responsive, answering right away and providing helpful assistance whenever needed. This level of support has made a huge difference for our clients, especially those who've had bad experiences with other factoring companies in the past.

We've had clients express that the difference is night and day, and we couldn't agree more. Our team's dedication to making everything easy and hassle-free has been a game-changer for many of our clients.

Saving my small business startup with New Century was a game-changer. Traditional loans and lines of credit were not an option without a couple of years history of being in business.

New Century's flexible funding strategy allowed us to secure the necessary funds to meet payroll during our high growth phase.

Their customer service was top-notch and always responsive to working with quick turnarounds and last-minute requests.

New Century Financial's staff is truly one of its greatest strengths. They are very attentive and keep clients informed of the process daily.

Their attention to detail and communication skills are top-notch, as evident from the fact that they executed funding without any issues.

The staff's ability to manage expectations and keep clients updated is impressive, as one client noted they were informed daily of the progress.

Their professionalism and dedication to their work are traits that set them apart from other financial institutions.

New Century Financial has a proven track record of going above and beyond for their clients. They take the time to understand their needs and work closely with them to ensure their success.

Their willingness to adapt and explore options that best fit their clients' needs has been a driving force behind many businesses' ability to grow steadily and smartly. This approach has helped numerous companies achieve their goals.

New Century Financial has demonstrated a strong commitment to partnership, working closely with clients to address their funding needs. This collaborative approach has led to lasting relationships and successful outcomes.

Their dedication to finding solutions that meet their clients' needs has earned them a reputation as a reliable and trustworthy funding partner.