WILMINGTON, Del.--(BUSINESS WIRE)--In response to increased requests from small business owners, Swift Capital, one of the leading providers of working capital to small businesses, announced today that effective immediately they are offering to make credit decisions within 24 hours to businesses that have been impacted by Hurricane Irene. “While banks are offering to waive fees and make other minor concessions, we are offering small business owners a hand up with quick access to advances up to $100,000,” said Ed Harycki, founder and CEO of Swift Capital. “Through September 16th we will shorten the credit decision process for our merchant cash advance product – so that businesses can quickly get access to the capital they desperately need now.”
Swift Capital provides working capital through its merchant cash advance (MCA) product to established businesses at a significantly lower price than established providers. MCA’s are designed for the unique needs of small businesses that accept credit cards, and are typically used by restaurants, retail stores, hotels and other service providers. An MCA provides a lump sum payment to the business in exchange for an agreed upon percentage of their future credit and debit card sales. Advances range from $5,000 to $100,000, and the advance can be used for any business purpose. “This type of financing product is helpful in this situation, as the repayment is aligned with the day-to-day business revenue, and does not burden the small business owner like a traditional loan would with fixed monthly payments,” continued Mr. Harycki.
Impacted, but still open and operating business owners can call 1-877-216-0694 or visit www.swiftcapital.com to start the process. Please mention your need for an expedited decision.
About Swift Capital
Swift Capital is one of the nation's leading providers of working capital solutions to small businesses. Since 2007, Swift Capital has provided over $250 million in working capital through lines of credit and merchant cash advances to over 10,000 businesses in all 50 states. Small businesses are able to use working capital provided by Swift Capital to renovate, purchase new equipment and supplies, fund advertising, manage unexpected expenses and seasonal downturns and free themselves from second mortgage liens and personal guarantees associated with traditional bank loans. For more information about Swift Capital’s working capital solutions, call toll-free 1-877-216-0694 or visit www.SwiftCapital.com.