Burns Funding to partner with Risk Management Advisors

Burns Funding, a venture debt lender that helps entrepreneurs and investors creatively obtain funding for their businesses, has announced a partnership with Risk Management Advisors, in what it says is a key strategic relationship that will fortify its alternative lending programs.

In particular, the company said that the partnership will provide peace of mind to clients that participate in the Burns Funding Method, an innovative approach, where clients of Burns Funding remit a percentage of the loan proceeds back to Burns Funding, which, in turn, commits to servicing the loan. Burns Funding accomplishes this by deploying the capital in various passive investment programs, such as eCommerce stores, exotic car rental dealerships and short-term house rentals.

“Risk Management Advisors is (RMA) an extremely important foundational piece for the Burns Funding Method (BFM),” said Burns Funding’s founder Peter J. Burns, III. “Should unforeseen circumstances occur, RMA makes sure that Burns Funding and, by extension, its clients are made whole.”

RMA is a captive manager that will run the insurance company for Burns Funding, which will guarantee payment. RMA, the 5th largest manager of insurance companies in the world, will make sure that the insurance company will be run correctly and stay compliant.

The BFM is used when the borrower obtains capital through bridge funding.

The shelf corporations can also be used, with the help of Burns Funding and its partners, to secure upwards of $1.6 million in alternative financing.

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