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Follow on Google News | What is Merchant Banking or Merchant Capital - Meridian Business Television Episode 8Accessing capital in this day an age for smaller firms has become tough, but it doesn't have to be. Smaller and medium sized businesses have an opportunity to get financing through Merchant Capital.
By: Chris Hamilton http://www.youtube.com/ The term “merchant bankers” dates back to the 1700’s when established merchants helped fledgling merchants with money, advice, and other resources to grow their businesses. Back then, as today, conventional bank financing is often not enough for companies in growth mode because banks don’t really take risk. Money borrowed from banks has to be secured by assets or other guarantees which often left merchants short of resources to grow their businesses. Today, investment and merchant banks provide access to capital and other resources and advice beyond conventional banks. Fortune 500 companies in the US and Canada can access the services of major, brand name investment banks based in New York and other major centres. Smaller companies, often the true lifeblood of the economy, look to smaller “boutique” Although Goldman Sachs or other major Wall Street firms may not be interested in deals smaller than $50 million, there is help for companies that have a $5 or $10 million transaction in mind. To contact Keith Turner or Randy Lennon at Meridian Merchant Capital go to http://www.meridianmerchantcapital.com Next week’s show: Who are the people behind MBTV and Meridian Merchant Capital? # # # Sales Tip A Day is website designed to provide a new tip on sales each day. Tips will cover a wide variety of information and go from the basics to advance. Sales Tip A Day is a site for beginners all the way up to seasoned sales professionals. End
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