In a Tight Credit Market Small Business Funding from a Cash Advance Program Might Be Just the Answer

NEW YORK--(BUSINESS WIRE)--Anyone operating a small business these days knows credit and financing for growth or even daily operations is tighter than ever. While traditional lenders have tightened credit and reporting requirements, and the time to funding for those who can get it has lengthened to almost intolerable periods, more small businesses are turning to funding alternatives and cash advance programs are leading the way.

“We have created flexible programs that can help almost any business with the capital and cash-flow they need to grow and manage their business.”

Merchant Cash & Capital, LLC, (www.merchantcashandcapital.com) one of the nation’s small business cash advance funding leaders since 2005, is launching a comprehensive series of programs and making funding available to more small businesses in need than ever before. MCC’s new programs are being announced on the heels of its recent announcement of having secured additional credit. Those new funds are expected to provide MCC with the ability to fund an estimated $75 million to $100 million in business per year allowing it to service its existing client base and expand despite one of the tightest credit markets small business has ever faced. Overall, in the last five years, MCC has provided funding to more than 7,500 merchants since its inception and currently funds a roster of approximately 2,000 small businesses nationwide.

MCC’s programs have been created with the specific requirements of small businesses in mind. From its “Starter Program” that helps new and lower credit scored businesses secure critical funding, especially in industries where traditional lenders normally shy away from providing credit, to its “Quick Service Restaurant” (QSR) and “Medical Programs” that are designed to meet the tailored requirements of businesses in these industries, MCC has a program that can assist almost any small business with their individual funding needs no matter what their credit issues may be.

“There was a time when we could call on our traditional lender to help us through a difficult time or with our growth but, those days have long passed,” said Dom Cosenza, Onwer of Bassett’s Restaurant Group of New Jersey and Pennsylvania. “Now, when we have financing needs, we’re turning to a cash advance provided by Merchant Cash & Capital that can meet our needs in terms of lending and the time to get funded. Without the MCC cash advance option, I don’t know where our business would be today.”

“In general, our programs are designed to say yes to more businesses and make a broader spectrum of businesses eligible to take advantage of cash advances,” said MCC CEO Stephen Sheinbaum. “We have created flexible programs that can help almost any business with the capital and cash-flow they need to grow and manage their business.”

How does the MCC Cash Advance Work?

MCC provides businesses with a unique type of funding that avoids the hassles often associated with traditional lenders. MCC “buys” a small, fixed percentage of future credit card revenues and advances that money up front. Businesses can use the money as they see fit; for inventory, marketing, expansion, renovation or simply working capital. Once the capital is available, MCC begins to collect a small, agreed upon percentage of daily credit card sales until the agreement is completely met. There is no check writing and no risk of late fees as the processing bank will automatically transfer funds electronically the way it does with current credit card batches.

For more information about Merchant Cash & Capital and its new small business- focused cash advance programs, please visit www.merchantcashandcaptial.com.