Merchant Factors Corp. has been family owned and operated since 1985. Walter Kaye the founder of Merchant had a vision, which was to service the needs of small growing businesses that had ideas, energy, great products, and passion.

Most traditional banks and larger factors considered these companies too small, undercapitalized, or unprofitable. But Merchant was built to accommodate the needs of these small ventures through personal attention, advice, and networking opportunities. Additionally, Merchant's ability to combine sales volume with many other small businesses has allowed us to offer very competitive rates. With Merchant, many small to mid-sized businesses have achieved great success.

Our Team

Merchant is extremely proud of its team of factoring professionals. All the team members that comprise Merchant are highly dedicated individuals who take pride in their work and cumulatively deliver unsurpassed support for our clients. Our front line Account Executives, our Accounting team, our IT team, our back-office support teams, and the management team that pull it all together, focus on Merchants's core value. Which is that Merchant's success is dependent on and coupled with our clients' success.

Photo of Adam Winters CEO

Adam Winters

President and CEO, Merchant Factors Corp.

Prior to joining Merchant Mr. Winters was with Hilldun Corporation, a New York based commercial finance company. At Hilldun he built up their newly formed factoring division. His responsibilities included procuring new business, making advances and maintaining the client relationship.

While at Merchant, Mr. Winters lead a dynamic marketing team which became a major force in Merchant's market place. He has grown the factoring volume which has more than doubled in the past 5 years. In addition to his marketing efforts, Mr. Winters remains active in maintaining client relationships. Much of his time outside of sales and marketing is spent with the clients. He does a great deal of consulting and advising with concerns they may have about their business.

Adam Winters graduated from Ithaca College with a B.S. in Finance. He is extremely active in various financial clubs and organizations in New York and New Jersey. He is a member of the Garden State Credit Club, Empire Credit Club, Checkmates Credit Club, CFA in NY and NJ, as well as an officer of the Contemporary Credit Club.

Photo of Neville Grusd EVP Merchant Factors, President Merchant Financial

Neville Grusd

President, Merchant Financial Corporation

Mr. Grusd also serves as Executive Vice President of Merchant Factors Corp. and Merchant Business Credit, Inc. He has been in the finance and banking industries since 1982. He has substantial experience in asset-based lending, factoring and international trade finance and was Chief Lending Officer of an FDIC member bank.

He was a partner in an accounting firm in South Africa affiliated with S D Leidesdorf & Company which he joined in New York, and which subsequently became Ernst & Young.

Neville Grusd is a Certified Public Accountant, holds a Bachelor of Commerce Degree from the University of Cape Town and is a Chartered Accountant (South Africa). Mr. Grusd was an associate professor of accounting at CW Post, Long Island University and is co-author of the textbook Advanced Accounting.

He is active in the New York State Society Certified Public Accountants (NYSSCPA) and served as its treasurer. He was a director and member of the Executive Committee of NYSSCPA for five years and was chairperson of various Committees, including the Industry Division Oversight Committee. He serves on The Editorial Board of The CPA Journal and has written articles for this publication as well as The Journal of Accountancy. Mr. Grusd is the recipient of the NYSSCPA's 1996/1997 FAE Outstanding Discussion Leader Award and the 2000 Outstanding CPA in Industry Award.

Mr. Grusd is a Director and was a member of the Executive Committee of the Commercial Finance Association (CFA) and is former chairperson of its Committee on Cooperation with Accountants. He has chaired panels at CFA seminars and written numerous articles for The Secured Lender. Mr. Grusd also served on the User Council of the Financial Accounting Standards Board (FASB).

Photo of Scott Adler EVP and Chief Credit Officer

Scott Adler

Executive Vice President and Chief Credit Officer

Mr. Adler brings over twenty-five years experience in the Factoring industry, having spent nineteen of those years at Republic Factors/ HSBC Business Credit and Wells Fargo Century.

While at Republic Factors/HSBC Business Credit, Mr. Adler held the position of Credit Analyst before transferring to the front office and eventually promoted to Vice President/Account Executive where he remained influential in growing, as well as maintaining the factoring portfolio.

Prior to joining Merchant Factors, Mr. Adler was Senior Account Executive at Wells Fargo Century managing a portfolio that included importers, exporters and distributors in various industries. Mr. Adler is instrumental in structuring working capital loans to support the clients' growth. He takes pride in understanding client needs to strengthen their business while maintaining strong client relationships.

Mr. Adler graduated Kingsborough Community College with a degree in Business Administration and continued his education at Baruch College and New York Institute of Credit. Mr. Adler is past President of Contemporary Credit Club and continues to remain an active member with the club as well as various industry and social groups.

Photo of Craig Miller, SVP of Marketing and New Business Development

Craig Miller

Senior Vice President of Marketing and New Business Development

Craig Miller has over 23 years experience in the Factoring Industry. Prior to joining Merchant, Mr. Miller spent time with several Major Factors, as a Credit Analyst and as a New Business Officer. He joined Republic Factors in 1997 as a Vice President of New Business Development.

Craig Miller has been with Merchant Factors for over eight years. He prides himself in strong client relationships. He consults and advises clients on certain business decisions that can support their growth and strengthen their business.

Mr. Miller graduated from SUNY Albany with a B.A. in Economics and Business. He is extremely active in various financial clubs and organizations in New York. He is a member of the TMA, CFA, IFA, Contemporary Credit Club, and the Business Council of Westchester.

Photo of Joshua Goodhart, SVP and National Sales Manager

Joshua Goodhart

Senior Vice President and
National Sales Manager

Joshua Goodhart is a graduate of Indiana University at Bloomington, Kelley School of Business, with a BA in Finance and Accounting. Joshua joined Merchant directly out of college in May 1999 and has been with Merchant Factors Corp. ever since. During this period, Joshua has been an integral part of the development and growth for all three of Merchant's divisions. Aside from marketing, Joshua's consulting and advise to business owners has helped many growing businesses. Joshua takes tremendous pride in building and maintaining client relationships.

Joshua is extremely active in many industry networking groups and organizations in Manhattan, New Jersey, and Long Island. He is a member of the TMA, CFA, IFA, Garden State Credit Club, and Contemporary Credit Club, where he served as an officer including President.

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