Diamond Business Credit announced that it has partnered with Michael Kot to open a direct lending office to service the New York Tri-State area and beyond.  Kot has spent many years in the asset-based lending business in various capacities in this very market. Now, as an owner of the business and local to this market, he brings the rapid response and personal touch that Diamond’s referral sources and clients have come to expect and that these smaller, more difficult transactions require.

Diamond provides small, asset-based lines of credit (not factoring) to businesses unable to arrange traditional bank financing, often in rapid growth, crisis or other situations that require creative decision-makers on site.