ROCKWALL, Texas--(BUSINESS WIRE)--MotherFund, a leading provider of working capital and creative financial solutions for businesses nationwide, has expanded its call center staff to serve the increasing demand for non-traditional working-capital programs, like its popular Merchant Cash Advance.
Jason Bishop, MotherFund’s Chairman and CEO, said, “A year ago this month, Business Week was predicting growth in the use of merchant cash advances, because of the continuing tight credit market, and they were right. We’ve seen a dramatic increase in requests from larger firms needing working capital, which means that the credit crunch is continuing. Typically, smaller businesses are the first to face the problem of being turned away by banks, and having no available credit, but this issue has reached into medium- and large-sized companies now, as well.”
For the past several years, financial analysts, banking experts and others who watch the banking and credit industry have suggested that business loans and lines of credit for many businesses will continue to be difficult to get. Those same experts seem to agree that this is not going to change anytime soon.
According to Jason Bishop, “Many organizations have limited options, or sometimes really, no options to continue having access to working capital, so they turn to us for help. We have added more staff to meet the growing demand, and we have the financial resources to fund a wide range of merchant cash advance requests, from large and small businesses.”
Several of MotherFund’s products, like the Merchant Cash Advance, are based on accounts receivable financing or factoring. This form of financing puts a company’s financial assets to work immediately. MotherFund also offers trade receivable, credit card processing, and custom financial services.
MotherFund is a Texas-based company that provides alternative financial products and services for small businesses. The Company is a leading provider of creative working-capital solutions that allow businesses access to a consistently available source of money, for a variety of needs. These include seasonal merchandise, payroll, expansion, inventory, new equipment, and other requirements that keep the business growing.
More information is available at www.motherfund.com.