Editor’s Note: Sponsored by Monday Properties and written by ARLnow.com, Startup Monday is a weekly column that profiles Arlington-based startups and their founders. The Ground Floor, Monday’s office space for young companies in Rosslyn, is now open. The Metro-accessible space features a 5,000-square-foot common area that includes a kitchen, lounge area, collaborative meeting spaces, and a stage for formal presentations.
A startup that’s focused on connecting “small and medium industrial supply-chain businesses with private investors” is not going to win a sexy pitch competition, but it’s already growing fast in its new Rosslyn office.
The Credit Junction is based in Rosslyn’s ÜberOffices and has raised $2 million in seed funding to fund its online marketplace. Founded by CEO Michael Finkelstein with Chief Strategy Officer Sergio Rodrigueira, the company is “60 to 90 days” from launching its platform.
The concept is relatively simple: The Credit Junction is an online marketplace. Small manufacturing and industrial companies — the types that supply equipment and materials to large multinationals — who need capital investments sign up. TCJ’s technology platform, as well as its six-person staff, vets the company, assesses its value and potential and can get approval for a loan from its network of lenders also on the platform.
“We thought there was a way to use technology and data to create a better credit model,” Finkelstein, who is based in New York, told ARLnow.com. “The use of data creates a better understanding of a company. We use tech as an enabler, but there are lots of human elements too. This allows you to look at different sources for a company’s opportunities.”
Finkelstein and Rodrigueira met a year ago at a conference in Chicago. Finkelstein isa 15-year veteran of startups, beginning in Silicon Valley just a couple of years before the dot-com bubble burst. Rodrigueira spent four years in Navy active duty before joining the re-election campaign of President George W. Bush in 2004. He worked for Bush before deploying to Afghanistan as a Naval reservist. When he returned, he worked for Rep. Eric Cantor and in cybersecurity and finance policy in the House of Representatives.
Rodrigueira also worked on the Dodd-Frank financial reform act, and after leaving the public sector, he thought “there’s got to be a better way to do this” when it came to banks and financing. When he met Finkelstein almost exactly a year ago, and heard his idea, Rodrigueira said “I want to come work for you.”
Although the concept isn’t complicated, the problem The Credit Junction purports to solve is. The companies Finkelstein and Rodrigueira are targeting have relied on local banks for financing “since the beginning of time,” Finkelstein said.
“In 2008, the world changed,” Finkelstein said, referring to the global recession. “Lenders are cutting back and there are fewer options for these companies.”
Not only does Finkelstein say TCJ can give a response to a loan application in two weeks — whereas traditional banks or government agencies can take two months or longer — but he also says the system provides more transparency during the waiting period.
GLI Finance led The Credit Junction’s seed funding round, and, for the company’s launch, is also the primary capital investor in the marketplace. Over the next few months, the company will target borrowers in industries, and grow both sides of the marketplace slowly.
Part of The Credit Junction’s challenge is to find companies that want to borrow. Considering the industry’s inherent need for capital, Finkelstein and Rodrigueira are confident the demand is there.
“Holistically, our biggest challenge is education,” Finkelstein said. “But there are plenty of opportunities to help their business.”
“What’s exciting about the space is how broad and diverse the options are,” Rodrigueira said. “There are companies not just building ships or plans, but now they’re building things like drones … To get the word out to businesses, that’s the exciting part. Once companies hear what we can provide, their eyes light up.”
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“Probing the highly imaginative, inspired mind of Teresa Oaxaca is not altogether unlike having a present-day conversation with an Old Master,” says Nashville Arts Magazine.
Here is an unusual opportunity to learn from this incredibly talented and accessible artist, at Art House 7’s two-day oil painting workshop in October. Teresa will give 2 portrait painting demonstrations for 3 hours each morning. Students will then be painting from a clothed live model. Teresa will offer individual critiques that focus on materials, techniques, process and artistic vision. You’ll get jazzed up about painting and become more confident about your abilities.
Art House 7, Two-Day Oil Painting Workshop with Teresa Oaxaca. Saturday, October 22 and Sunday, October 23, 10 a.m.-4 p.m. EDT $250.
See more about Teresa Oaxaca here. Art House 7 5537 Langston Blvd., Arlington, Va. 22207
Validating one’s emotions has the power to heal, transform, and empower. What Is Validation? Every human being has feelings. We all have emotions that change over time, sometimes quickly, sometimes slowly. The question isn’t whether we feel; it’s how we handle feelings once they arise.
Building strategies to understand emotions is essential to positive mental health, and validation is one effective skill to practice.
Emotional validation is the process of understanding, embracing, and actively listening to another person’s feelings (or your own).
Understanding someone’s emotions doesn’t necessarily mean you approve of how they are feeling or reacting to something. You can be supportive in acknowledging and validating an emotional experience without agreeing or diminishing it. Validation is a skill to learn and improve over time. It may take practice, but the effort is most certainly worth it. Emotional validation has the power to enhance interpersonal communication and foster strong relationships.
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