“We are proud that NAMAA represents over 95 percent of the significant merchant cash advance providers in the marketplace, making us the only ‘true, un-biased voice’ for the merchant cash advance industry," says David Goldin, President of NAMAA.
New York, NY (PRWEB) September 07, 2011
The North American Merchant Advance Association (NAMAA), a 501c non-profit industry association that provides guidance and helps influence and shape the merchant cash advance industry through leadership, education and the sharing of information, announced today the addition of five new members to its organization.
Recent new members include the following companies: Genesis Capital, Merchant Advance Funding, Merchant Capital Source, Strategic Funding Source and Swift Capital which brings the total number of members to 16 merchant cash advance providers. Some of NAMAA's key assets offered to its members are a database of over 10,000 merchants that have defaulted with other merchant cash advance providers and a system that prevents different NAMAA merchant cash advance providers from funding the same merchant at the same time. These safeguards have proven very valuable to its members, saving time, money and manpower resources.
“We are proud that NAMAA represents over 95 percent of the significant merchant cash advance providers in the marketplace, making us the only ‘true, un-biased voice’ for the merchant cash advance industry. Both the mainstream press and industry press have recognized NAMAA as a reliable source for merchant cash advance industry information resulting in our viewpoint being included in almost every reputable story on the merchant cash advance industry in the media,” says David Goldin, President of the North American Merchant Advance Association.
NAMAA also welcomes merchant cash advance providers not currently NAMAA members to join and take advantage of the various member benefits offered, including our risk tools for merchant funding companies. "We welcome the latest members who have joined NAMAA and look forward to expanding our membership base," adds Jeremy Brown, Vice-President of the North American Merchant Advance Association. "The risk tools provided by NAMAA are invaluable to NAMAA members as they have proved time and again to save NAMAA members from entering into a relationship with a merchant that has previously defaulted with another MCA provider.”
For merchant cash advance providers looking for more information about becoming a member of NAMAA, please visit http://www.northamericanmaa.org.