Specifically, MCC has immediately instituted a disaster relief program that:
Provides up to $250k in just 72 hours for qualifying businesses
Streamlines and expedites the underwriting process
Reduces documentation requirements
MCC will donate 1 % of each cash advance funded to Hurricane Sandy affected merchants to a charity of the merchant’s choice
Offers Hurricane Sandy affected merchants discounted rates for early payoff and pre-payments
“The aftermath of Hurricane Irene was a devastating time for businesses in my area. MCC (Merchant Cash and Capital) was there in my greatest time of need with quick financing to help my business get back on its feet. Thank you!” said Mark V., Owner of Killarney Restaurant in Vermont. “I hope you can help people in your area as much as you helped my business.”
“Hurricane Sandy put my business in a bind. Luckily, the folks at MCC were there for me and able to get me funding within 24 hours,” said Dominick, Owner of Dominick’s Bakery Café, Staten Island, NY.
“We are in the business of helping merchants, especially in times of urgent need. Hurricane Sandy has created that urgency and Merchant Cash and Capital is creating special opportunities for businesses that need help right now,” said MCC CEO Stephen Sheinbaum. “When you qualify for a merchant cash advance, you can use it as you see fit. With the devastation created by Sandy, we expect merchants to use the financing for new equipment, new inventory, to rebuild and for any reason they must to keep their business going or to get it up and running again. We are anxious to help.”
There are other options for small business disaster financing but none are as quick and easy to obtain as a merchant cash advance from MCC. The Small Business Administration (SBA) offers loans of up to $2 million to businesses located in disaster stricken areas but the application process and time to funding can be lengthy. Traditional lenders may have funds available too but their requirements are often more stringent and funding normally takes even longer. Experts agree that under such severe circumstances, a merchant cash advance may be the best solution even as a bridge or “stop gap” until other funding, if necessary, can be secured.
“We know what it takes to rebuild and have helped businesses in many parts of the country come back from disasters, natural and man-made. We are ready to help again and with that help we are ready to give back to the Red Cross to bring even more assistance to those in need,” said MCC’s Sheinbaum.
About Merchant Cash and Capital
Since 2005, Merchant Cash and Capital, LLC has been one of the nation’s business cash advance funding leaders. MCC has provided nearly $500 million in financing to over 12,000 distinct customers and a total of over 20,000 advances. For more information about MCC and its innovative small business-focused cash advance programs, please call 1-866-792-9366 or visit its web site at www.merchantcashandcapital.com.
Merchant Cash and Capital is committed to helping people affected by Hurricane Sandy and urges our customers, partners, employees, and all of you to be part of this critical response. We are helping the Red Cross to provide everyone an opportunity to help people affected by disasters supporting American Red Cross Disaster Relief. To make a tax deductible gift to the American Red Cross click here http://american.redcross.org/
About the American Red Cross:
The American Red Cross shelters, feeds and provides emotional support to victims of disasters; supplies about 40 percent of the nation's blood; teaches skills that save lives; provides international humanitarian aid; and supports military members and their families. The Red Cross is a not-for-profit organization that depends on volunteers and the generosity of the American public to perform its mission. For more information, please visit www.redcross.org