North Fork Partners

What North Fork Partners does

North Fork Partners, LLC is a Boca Raton, Florida-based alternative finance firm founded in 2014 that originates and funds private debt and equity transactions for small and medium-sized businesses unable to obtain conventional financing from traditional lenders. The company's core offering is senior secured asset-based lending collateralized by business assets, supplemented by mezzanine financing and equity investments targeted at companies with proven leadership teams and growth potential. Use of capital spans corporate growth initiatives, asset and business acquisitions, turnarounds, and restructurings. Named case studies include debt financing against recurring insurance commissions for a wholesale life insurance brokerage and an equity-plus-advisory engagement with a family-owned food manufacturer to fund machinery acquisition and distribution expansion.

The firm has no proprietary technology platform and operates as a direct, relationship-driven lender with a 1-10 person team. GTM is conducted entirely through enterprise field sales — outbound outreach and inbound inquiries via the company website ([email protected], +1 917-747-1222) — with no resellers, marketplace channels, or partnerships disclosed. Revenue mechanics combine interest income and loan origination fees on debt facilities with returns from equity investments.

The management team is the firm's principal asset. Managing Partner John C. Fernando has 20 years of specialty finance experience including leading ABS origination at Lehman Brothers and a J.D./LL.M. background; Managing Director Noah F. Cutler has underwritten over $5B of secured and unsecured debt and closed over $100MM of asset-backed loan facilities for SMBs, with prior roles at Bank of America Merrill Lynch ($400MM portfolio), Deutsche Banc, Société Générale, and The Related Companies. Advisor Frank M. Gren contributes government and esoteric financing expertise. The firm is privately-held with no disclosed outside institutional investment, no funding rounds, no M&A activity, and no geographic expansion beyond the United States.

Name

North Fork Partners

Legal name

North Fork Partners, LLC

Website

https://northfp.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

North Fork Partners is a Boca Raton-based alternative finance firm that originates senior secured asset-based loans, mezzanine debt, and equity investments for U.S. small and medium-sized businesses unable to obtain conventional financing, using a direct, relationship-driven lending model.

Ownership category

akta.pro rank

Product category

Alternative Finance & Private Lending

NAICS

Credit Intermediation and Related Activities (522)

SIC

Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Microenterprise Group Lending (Joint Liability) (FSAKAGAH)

Keywords

• Alternative finance solutions
• Asset-based lending
• Mezzanine financing
• SMB private debt
• Growth equity investments

Headquarters

HQ city

Boca Raton

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Senior Secured Asset-Based Loans: Provides senior secured asset-based loans to small and medium-sized businesses that do not meet conventional lending underwriting standards. Revenue generated through interest income and loan origination fees on these debt facilities.
2. Mezzanine Financing: Subordinated debt financing provided to companies with proven leadership teams and strong growth potential, typically carrying higher interest rates than senior debt.
3. Equity Financing: Equity investments in family-owned or growth-oriented businesses, providing capital in exchange for ownership stakes and advisory services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

North Fork Partners, LLC provides alternative finance solutions to small and medium-sized businesses in the form of senior secured asset-based loans, mezzanine financing, and equity investments. The company specifically targets borrowers who cannot obtain conventional financing because they do not meet the underwriting standards of traditional lenders, and provides capital for corporate growth, asset or business acquisitions, turnarounds, and restructurings. The current management team has been originating and funding similar transactions since 2010.

Product overview

North Fork Partners is an alternative finance company offering a coordinated suite of private debt and equity financing solutions. The core offerings consist of senior secured asset-based loans as the primary product, supplemented by mezzanine and equity financing for companies with proven leadership and growth potential. The company also provides specialized financing solutions including insurance commission financing (using segregated commission trust accounts as collateral) and growth equity advisory services that include corporate structuring and policy implementation alongside capital investment.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Over $5B of secured and unsecured debt underwritten by team leadership
• +1 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves4 records

Expansion highlights2 records

Direct peers

• Crystal Financial: Crystal Financial is a non-bank, asset-based senior lender focused on middle-market and SMB borrowers that fall outside traditional bank underwriting — a near-clone of North Fork's core product (senior secured asset-based loans). Same customer profile, same collateral-first underwriting approach.
• Gibraltar Business Capital: Gibraltar provides asset-based lending, factoring, and lines of credit to small and middle-market U.S. businesses that cannot access conventional bank financing — directly overlapping North Fork's SMB, non-bank credit intermediation thesis and similar direct-sales GTM.
• Republic Business Credit: Republic Business Credit is a non-bank asset-based and invoice-factoring lender targeting SMBs — comparable to North Fork on borrower profile (underserved SMBs), product (asset-secured facilities), and origination approach (direct relationship-driven).
• WhiteHorse Capital: WhiteHorse Capital originates senior secured loans and asset-based facilities to lower middle-market companies — same niche as North Fork with shared emphasis on structured credit to non-sponsor-backed businesses.
• Capital Funding Group: Capital Funding Group provides cash-flow, asset-based, and structured financing to SMBs across multiple verticals — directly comparable to North Fork's multi-product SMB credit focus.
• North Mill Equipment Finance: North Mill is a direct, non-bank equipment-finance and asset-based lender focused on U.S. SMBs — closely parallel to North Fork Partners on customer segment and the asset-securitized credit model.

Broad incumbents

• PennantPark Floating Rate Capital: PennantPark is a publicly traded BDC providing senior secured loans to middle-market companies — same lending instrument and similar borrower profile as North Fork, but operating at much greater scale through permanent capital.
• Garrison Capital / Portman Ridge Finance: Portman Ridge (formerly Garrison Capital) is a BDC investing in senior secured loans to U.S. SMBs — same narrow-band SMB senior secured lending focus, but with institutional scale and a public capital base.
• Stearns Bank: Stearns Bank is a privately held commercial bank specializing in niche commercial financing including asset-based lending and SBA lending to SMBs — broader product mix but overlapping target market and alternative-finance positioning.

Emerging players

• eCapital: eCapital provides invoice factoring, asset-based lending, and working-capital lines to SMBs, with an emerging technology-enabled origination platform — overlaps North Fork's product set (ABL, working capital) but competes on speed and tech-enabled underwriting.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/northfp
• LinkedInlinkedin.com/company/north-fork-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about North Fork Partners