Merchant Cash Advance Launches to Support Small Businesses in Achieving Financial Success
Pasadena, CA, July 3, 2008 - A company's success largely depends on its working capital. It becomes all the more difficult to secure financing during tough economic times. Keeping the financial needs of small and mid-sized businesses in mind, a new company—Merchant Cash Advance—was launched on Monday.
Merchant Cash Advance offers a variety of funding options for small and mid-sized businesses. The company was launched to provide cash advances to businesses that have struggled in the past to receive financial support or that have little or no collateral. Merchant Cash Advance is a fast source of cash, where a business needs to fulfill minimal requirements to qualify for a cash advance. A business that has been in existence for at least 12 months and that processes at least $5,000 in Visa and MasterCard customer sales transactions each month will qualify for a cash advance of between $5,000 and $150,000.
The financial experts at Merchant Cash Advance will create an automated system to retrieve a specified percentage of the business' future Visa and MasterCard sales. Merchant Cash Advance doesn't provide any timeframe for the repayment. Additionally, there are no closing costs, origination fees, collateral, or cosigner requirements.
"As a business owner, I understand the challenges faced by business owners. Your responsibilities include rent, payroll, your suppliers...the list goes on and on. A little bit of extra cash can help you pay your monthly expenses today and will give you intermediate resources for growing your business for tomorrow. Merchant Cash Advance offers business owners a way to obtain business capital," says Harrison Barnes, Founder and CEO of Merchant Cash Advance.
Merchant Cash Advance offers cash advances that business owners can use for any business expenditure, including:
Expanding their business
Renovating office space
Opening a second location
Paying suppliers
Paying taxes
Meeting unexpected needs
Adding inventory
Merchant Cash Advance is comprised of business, communications, and financial teams and a technologically advanced system that provide small and mid-sized business owners with the financial resources they need.
