Received his Bachelor of Science in Business Administration from the California State University system (majors in both Marketing and Accounting specialties). The first years out of college (late 70’s early 80’s) were as a loan officer for several State/Regional banks. While in finance Steve earned a CA Real Estate Broker License
, a licensing designation still maintained. Understanding the cyclical nature of the real estate industry–a large segment of bank lending –he then spent years working in the more-stable food brokerage industry, first in the grocery industry with national brands and then in the food service industry. While in this position Steve’s father began urging Steve to seriously think about getting into his own business. When his brother Dave launched an advertising/marketing company in a new groundbreaking medium Steve joined him and together built it up. Eventually they demonstrated it was so lucrative that the large chains they were working with decided to take over the niche themselves– an early lesson in entrepreneurship. With his Brokers License in hand Steve moved into commercial property management, but was still strongly urged by his father to strive toward having his own business; over the decades Sol had seen too many of his friends work in seemingly solid positions for years only get a termination pink slip.
The Beginnings of Flexible Funding
The three, Steven, Steve, and Sol agreed that a funding project could be put together. While Steven Elias continued to function as a staffing company CFO, and with the permission of the staffing company owner, Steve Capper took up a cubicle in the middle of a thriving staffing agency surrounded on all sides by sales, interviews, searches, and management issues. For years, Steve made thousands of cold calls and developed new marketing while Steven developed operations information systems. Both worked on underwriting due diligence, legal, credit, and the hundreds of other aspects of running a funding company… see A Staffing Agency’s Ongoing Interactions. Sol met with Steven and Steve on a regular basis as an advisor. Funding clients were added one by one until they were large enough to move into their own offices. Steven and Steve saved money to eventually establish their own entity with it’s own Commercial Finance Lenders License and bonding.