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GoldCrest Funding - Factoring - Invoice Discounting - Letters of Credit

About Us

GoldCrest is not a traditional lender. We are a privately held financial services firm that specializes in providing; Letters of Credit, International Trade Financing, Factoring and Asset-Based Lending.

With a management team that is comprised of business entrepreneurs with extensive international experience, along with senior banking and financial services professionals, GoldCrest understands the unique financial requirements of many small and mid-sized companies, throughout a wide spectrum of industries. We customize our financing solutions to meet your needs in a very timely manner.

As collateral lenders, we focus on the assets of the company, thereby allowing you to maximize your potential borrowing power. We are able to provide you with your entire trade finance requirements; from the establishment of the Letter of Credit to collection of your invoice from your customer.

Management and Staff

Jacob Berman (Member Credit Committee)
Senior Advisor & Honorary President

With over 35 years of banking experience, including co-founding Commercial Bank of New York, Jacob Berman brings a banking and finance background to GoldCrest. Jacob Berman’s first position in the banking industry was in the World Banking Group of Citibank, N.A. He joined Israel Discount Bank in 1974 and rose to the level of Senior Vice-President and Chief Lending Officer. During his 11-year tenure with IDB, his responsibilities varied from the Lending and Loan Departments, the Real Estate Division, Accounts Receivable Financing, the Commodity Department, Import/Export Financing and Middle Market Lending while also serving on the Operations, Marketing and Loan Committees of the Bank. In 1985, he formed Key Financial Corporation, a commercial finance company specializing in secured transactions, accounts receivable financing, and real estate lending. In July 1988, he founded Commercial Bank of New York.

Starting in 1988 with just 12 employees and $15 Million in capital at a street location at the Waldorf Astoria, Mr. Berman, as President and CEO, was instrumental in building the institution through internal growth, whole bank and branch acquisitions, an IPO in 1993 and a NASDAQ listing. At the date of its sale in November, 2001, Commercial Bank was a 14 branch, 300 employee, $2.3 billion total client asset financial institution specializing in private banking, middle market commercial lending, and asset management for individuals. Besides local metropolitan area branches, other locations included Miami, Mexico City, Buenos Aires, Sao Paulo and Rio De Janeiro.

He currently has a wealth and investment advisory firm, JB Advisors, Inc. (

Adam Azrak (Member of Credit Committee)
Executive Vice President

As an active member of management in American Marketing Enterprises, a major importer of children’s sleepwear, Adam Azrak brings a client perspective to GoldCrest. From 1996-2000 Adam operated AME’s sister company, Funomenon!, a manufacturer of character licensed novelties and toys. His international experience extended to management of Latin America and Hong Kong production of AME licensed children’s sleepwear.