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~ The leadership team of Encore Funding is celebrating 25 years of excellence in the staffing industry. Founded by Joel Adelman, an entrepreneur serving entrepreneurs, Advance Partners was created in 1998 with a vision to help staffing entrepreneurs grow their businesses. During Adelman's time as CEO, Advance Partners lent over $20 billion in working capital to thousands of staffing agencies, many of which were minority-owned businesses.
In 2021, Adelman created Encore Funding to continue his legacy of entrepreneurship in the staffing industry. He assembled Encore Funding's leadership from the team who helped build Advance Partners' legacy. With the five original founders and many senior leaders of Advance Partners now at Encore Funding, Adelman and team are building the brand as entrepreneurs serving entrepreneurs.
Crain's Cleveland noted in early 2022 that "the entrepreneurs behind Encore Funding are taking the first steps toward growing the Cleveland-based lending business into Advance Partners 2.0." In addition to customized, alternative lending solutions, Encore Funding offers clients strategic consulting, resources and networking support. Clients also receive access to the tenured executive team that has delivered more than $20 billion in funding to entrepreneurs.
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Adelman and his leadership team have achieved numerous milestones over the last quarter century including founding Advance Payroll Funding in March 1998; weathering economic crisis from 2008-2009; supporting Deepwater Horizon Oil Spill clean-up in April 2010; achieving $1 billion in funding for Advance Partners in 2012; being named Entrepreneur of the Year® US by Ernst & Young in 2013; being included on Inc 500 List in 2014; being acquired by Paychex in 2015; supporting entrepreneurs beyond the staffing industry via AdCap Management from 2016-2020; founding Encore Funding in 2021; and acquiring two friendly competitors and hiring long-time Senior Operations and Credit Executives from Advance Partners to build a familiar team at Encore all within 2022.
Adelman is proud and humbled to support staffing agencies owned by entrepreneurs who have been historically disadvantaged and underfunded. "We've started our 'encore' by bringing this talented team back together," states Adelman. "I'm incredibly proud of all that we've accomplished over the past 25 years together. This team has always been driven to provide the highest level of service to clients and help them achieve success."
In 2021, Adelman created Encore Funding to continue his legacy of entrepreneurship in the staffing industry. He assembled Encore Funding's leadership from the team who helped build Advance Partners' legacy. With the five original founders and many senior leaders of Advance Partners now at Encore Funding, Adelman and team are building the brand as entrepreneurs serving entrepreneurs.
Crain's Cleveland noted in early 2022 that "the entrepreneurs behind Encore Funding are taking the first steps toward growing the Cleveland-based lending business into Advance Partners 2.0." In addition to customized, alternative lending solutions, Encore Funding offers clients strategic consulting, resources and networking support. Clients also receive access to the tenured executive team that has delivered more than $20 billion in funding to entrepreneurs.
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Adelman and his leadership team have achieved numerous milestones over the last quarter century including founding Advance Payroll Funding in March 1998; weathering economic crisis from 2008-2009; supporting Deepwater Horizon Oil Spill clean-up in April 2010; achieving $1 billion in funding for Advance Partners in 2012; being named Entrepreneur of the Year® US by Ernst & Young in 2013; being included on Inc 500 List in 2014; being acquired by Paychex in 2015; supporting entrepreneurs beyond the staffing industry via AdCap Management from 2016-2020; founding Encore Funding in 2021; and acquiring two friendly competitors and hiring long-time Senior Operations and Credit Executives from Advance Partners to build a familiar team at Encore all within 2022.
Adelman is proud and humbled to support staffing agencies owned by entrepreneurs who have been historically disadvantaged and underfunded. "We've started our 'encore' by bringing this talented team back together," states Adelman. "I'm incredibly proud of all that we've accomplished over the past 25 years together. This team has always been driven to provide the highest level of service to clients and help them achieve success."
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