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M.B.A. alumnus creates buzz in New York, addresses Loyola audience on Wednesday

October 14, 2011

Entrepreneur Paul Ellis ‘07, founding member of New Orleans startup The Receivables Exchange and an M.B.A. graduate of Loyola University New Orleans, will discuss his company and its rapid success with both Loyola’s M.B.A. Association and Entrepreneur Association on Wednesday, Oct. 19 at 5:15 p.m. at Miller Hall, Room 114.

The presentation will center on the rapid growth of The Receivables Exchange, which provides small and mid-sized companies quick access to working capital at a competitive cost, and the role that Loyola’s M.B.A. program played in the formative stage of that company. Ellis will talk about his experiences from founding to raising capital. He will also discuss the company’s recent partnership with the New York Stock Exchange in trading accounts receivable through the launch of their joint venture, Corporate Receivables Program.

“While the formation of the company had already occurred, Paul created the blueprints for Receivables Exchange’s business plan while still at Loyola earning his M.B.A.,” said Chase Distinguished Professorship of Minority Entrepreneurship Brett Matherne, Ph.D.

The technology developed by the company allows buyers on the Exchange to view credit and trade histories online and makes it easier and quicker for companies to sell their receivables for cash. It also creates a more transparent accounts receivable forum for businesses and financiers alike.

The event is free and open to the public. For additional information, please contact Matt Lambert in Loyola’s Office of Public Affairs at 504-861-5448 or mlambert@loyno.edu.

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Loyola at a Glance is written and distributed for the faculty, staff, students and friends of Loyola University New Orleans. It is published by the Office of Public Affairs, Greenville Hall, Box 909, 7214 St. Charles Avenue, New Orleans, LA 70118. (504) 861-5888.

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