We saw an opportunity with the tightening of the credit markets to be a niche provider of strategic capital to local small businesses. Becoming a nationwide provider was a natural extension
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Miami, FL (PRWEB) October 25, 2007
Capital Advance Corp, a leading merchant funder, announced the completion of their first round of fund raising for their business expansion. This new capital will allow CAC to rapidly expand its core business of providing working capital to small business owners throughout the United States.
Due to rapid business growth, over 50 new professionals are expected to be added to the company in the next year. In addition, CAC will be expanding into a 10,000-square-foot office.
“We saw an opportunity with the tightening of the credit markets to be a niche provider of strategic capital to local small businesses. Becoming a nationwide provider was a natural extension,” said Robert Christoph, chief executive officer of Capital Advance Corp. Mr. Christoph, also vice president of RCI group, has been actively engaged in the origination of over $40 million dollars and execution of both public and private senior, mezzanine, and equity financing for a variety of waterfront development projects valued at $1.5 billion.
Capital Advance Corp provides benefits to the local economy through non-traditional loans. They provide working capital to the 85% of small businesses that are turned down by traditional financing avenues. CAC has a diversified customer base which includes restaurants, energy, hospitality, retail, healthcare and leisure sectors.
Matt Kleinsmith, president of Capital Advance Corp, strives to always put CAC’s customer first. He has signed millions of dollars in cash advances and currently oversees day-to-day operations at CAC. “Through Capital Advance Corp, we are able to partner with small businesses to provide financial flexibility leading to revenue expansion. It’s basically a win/win situation for the company as well as the customers,” says Mr. Kleinsmith.
Capital Advance Corp is located in Miami, FL. For more information about CAC’s services please visit their website at http://www.capitaladvancecorp.com or call 1-877-371-1344.
Capital Advance Corp, LLC is the new leader in merchant funding with over 30 years of management experience in the finance industry. They provide alternative funding to merchants for growth capital not available through conventional sources. Their experienced management team is comprised of all entrepreneurs who understand and appreciate the cash flow needs of merchants. In addition, they have attracted talented and committed employees that also understand the funding requirement needs of retailer’s throughout the United States. The professionals at Capital Advance Corp understand that they are there to provide the best customer service.
Capital Advance Corp