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Merchant Cash And Capital Surpasses Goals

Merchant Cash and Capital, passed $10 million in funding for the first time in a single month in November 2012, and more than 15 percent of that funding was for franchised businesses.

 
PRLog - Feb. 8, 2013 - New York, NY (USA) -- Merchant Cash and Capital ( http://www.merchantcashandcapital.com ), a financing company that offers business cash advances, passed $10 million in funding for the first time in a single month in November 2012, and more than 15 percent of that funding was for franchised businesses. The company is closing in on $500 million in funding since its founding in 2005.

In correlation with their rapid growth, Merchant Cash and Capital has signed a lease to expand their office in New York City. They will be adding 9,000 square feet to bring them to a total of 22,400 square feet.

“This is an exciting time for Merchant Cash and Capital ( http://www.merchantcashandcapital.com ), and we’re sure 2013 is going to be a great year for us,” said Seth Broman, vice president of business development. “We are continuing to expand our business, especially by providing funding for franchisees. Our traditional merchant cash advance program is still extremely valuable for small and medium-sized business owners, and the cash advance financing program we released last year for businesses that do not accept credit cards has been very successful so far. We are working on expanding our services to meet the needs of business owners and expect some exciting announcements to come this year.”

Merchant Cash and Capital ( http://www.merchantcashandcapital.com ) provides working capital to restaurant, retail and service businesses through cash advances. Specializing in restaurants, learning centers and schools, healthcare facilities, manufacturers, professional services and more, Merchant Cash and Capital reviews an eligible company’s monthly revenue and provides them with a merchant cash advance in as soon as 3-5 business days. Since its founding in 2005, MCC has provided nearly $500 million in funding across 22,000 transactions for more than 12,000 unique businesses.

MERCHANT CASH AND CAPITAL
450 Park Avenue South #11
New York, NY 10016
Contact: Seth Broman
Phone: 212-545-3185
Web site: http://www.merchantcashandcapital.com

Press & Media Contact:
Courtney Thomas
Sanderson & Associates, Ltd
450 Park Avenue South #11
New York, NY 10016 - USA
312-829-4350
Courtney@sandersonpr.com
http://www.merchantcashandcapital.com

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Contact Email:
***@sandersonpr.com
Source:Sanderson & Associates, Ltd
Country:United States
Industry:Business
Tags:cash advances, funding service, Merchant Cash, merchant capital, cash advance
Shortcut:prlog.org/12076025
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