NEW YORK, February 19, 2020 – Inc. magazine today revealed that Seek Business Capital is No. 171 on its inaugural Inc. 5000 Series: California list, the most prestigious ranking of the fastest-growing California-based private companies. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the California economy’s most dynamic segment—its independent small businesses. "We are honored to be a part of the prestigious list of Inc. 5000's fastest-growing companies in California," said Roy Ferman, CEO of Seek Capital. "As we continue to grow our company we are committed to continually improve the experience for both our team and our clients. This focus on continual improvement has been the core driver in our explosive growth. This recognition lets us know that we are on the right track." The companies on this list show stunning rates of growth across all industries in California. Between 2016 and 2018, these 250 private companies had an average growth rate of 422 percent and, in 2018 alone, they employed more than 49,000 people and added $5.6 billion to the California economy. Companies based in the largest metro areas — Los Angeles, the Bay Area and San Diego — brought in the highest revenue overall. Complete results of the Inc. 5000 Series: California, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found here . “The companies on this list demonstrate just how much the small-business sector impacts California’s economy,” says Inc. editor in chief Scott Omelianuk. “Across every single industry, these businesses have posted revenue and growth rates that are beyond impressive, further proving the tenacity of their founders and CEOs.” The Inc. 5000 Series: California Summit & Awards event to honor the companies on the list will take place on Tuesday, May 12, 2020, at The LINE Los Angeles (3515 Wilshire Blvd., Los Angeles, California 90010).
The 2020 Inc. 5000 Regional Series is ranked according to percentage revenue growth when comparing 2016 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2018. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2018 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com .
Seek Business Capital is the leader in startup business funding and small business loans. Launched in 2015, Seek Capital has helped solve the challenge of early-stage business owners obtaining capital to launch or grow their small business. To better help small businesses, Seek Capital has expanded its offerings for small businesses with the addition of equipment financing and merchant cash advance options. The company has grown by combining the Seek Capital proprietary lender matching platform, Capital Seeker®, with its dedication to providing a hands-on, consultative approach to each client. By utilizing Capital Seeker®, the company is able to provide real-time underwriting decisions allowing business owners to instantly know their funding options. To date, the company has matched over 20,000 successful applications across the United States. Seek Capital has an A rating with the Better Business Bureau, is a consistent Top 3 rated or Winner of LendingTree’s Lender Award and was Ranked #9 by Glassdoor Best Place to Work 2020. For more information, visit www.SeekCapital.com.
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