Shaya Baum, founder and CEO of Farmington Hills’ Wing Lake Capital Partners, was named the Ernst & Young Entrepreneur of the Year Michigan and Northwest Ohio and is a finalist for national award.
Baum works with companies that are undergoing financial and operational peril, including those dealing with predatory merchant cash advance loans. Over the past few years, he has been able to save many companies from going into bankruptcy and liquidation while saving thousands of jobs in the process.
For more than a decade Baum has been restructuring distressed business financing. He has extensive experience managing complex relationships with existing lenders and negotiating out of court debt settlement. He has represented numerous companies challenged with merchant cash advances and other predatory financing.
He founded Wing Lake Capital Group in August of 2018 to specifically focus on refinancing the burdensome cash advance loans that companies have taken on in a desperate attempt to stay solvent. Since the initial launch, Wing Lake Capital has funded more than $60 million in small business loans to companies that likely otherwise would be bankrupt or shuttered.
He is a graduate of Wayne State University.
The Ernst & Young Entrepreneur of the Year program is ran by the London-based global professional services company to recognize and support leaders who are “building and sustaining successful, dynamic businesses around the world.