Since 1996 when it was founded, Southridge Capital has been very vibrant in the provision of financial solutions to their customers who needed the services for a long period. Before the establishment of the firm, its founder and also the CEO, Mr. Stephen Hicks, had conducted thorough research on the common problems that affected the ordinary individuals in the financial sector. One of his findings was the mismanagement of funds, and the other one was poor debt handling. These were very pertinent issues to all the everyday Americans who relied on soft loans for their survival in the harsh economic conditions.
However, the debts that they took with the financial institutions would often land most of the borrowers into very embarrassing situations whereby they were unable to refund the amount within the stipulated time by the financial lenders. This would lead to disputes between the two parties, and the casualties would always be the same, the customer. This was because the organizations had larger financial muscles than the customers and hence the customers would find it quite rough to engage the institutions in the courts of law where they would get justice. As a result, they would end up losing some of their properties to the institutions who subjected them to auctions.
These observations made Stephen M. Hicks feel that there was a lot more than needed to be done in the sector to cushion the credit customers from such embarrassing circumstances that would lead to even unstable relationships in the families. As part of the solution, he formed Southridge Capital in 1996, an organization which he used to focus on helping the customers who faced such challenges to overcome them. Since then, Southridge has also been offering training to customers who contemplate acquiring financial assistance from the banks and other commercial lenders, in the quest to preparing them in such a way that they should not encounter the same challenges.
The training that Stephen Hicks provides in his organization has been targeted at both the customers who are already in financial difficulties and those that are contemplating taking up loans. This has helped a lot of individuals and institutions to shun unnecessary financial challenges. You can checkout citybizlist.com to see more details.