Access to working capital for main street businesses has been challenging and Main Street Business Loans now fills that void by providing readily available capital,” says David Goldin, President & CEO of Main Street Business Loans.
New York, NY (PRWEB) December 20, 2012
New York, NY (December 20, 2012) -- AmeriMerchant (http://www.amerimerchant.com), a leading provider of alternative working capital programs for businesses, announced today that it will be offering business loans to small and medium size businesses through its affiliated company, Main Street Business Loans (MSBL) (http://www.mainstreetbusinessloans.com).
Launched as a pilot program a few months ago, MSBL has provided business loans that range from $5,000 to $500,000+ to a few hundred small and medium size businesses that had a vast range of credit profiles in a variety of industries including ecommerce businesses. “Based on the success of our pilot program, we will now be fully launching Main Street Business Loans with a target goal of deploying $100 million in the next 12 months or less. Access to working capital for main street businesses has been challenging and Main Street Business Loans now fills that void by providing readily available capital,” says David Goldin, President & CEO of Main Street Business Loans.
While banks and other traditional financial sources have seen a decline in lending to small businesses, MSBL can offer working capital to small and medium size businesses that banks often decline because of its unique underwriting model and state-of-the-art predictive modeling system from its affiliated companies. This underwriting model focuses on the business’ performance, rather than relying solely on the owner’s personal credit history.
Unlike traditional bank loans that have large monthly repayment schedules that can be strenuous on a business, MSBL offers business owners small daily micro-repayments that are more flexible on a businesses' cash flow. MSBL provides quick decisions (typically within 24 hours) and risk-based pricing for applicants. Furthermore, unlike many other alternative financing companies in the industry, applicants only need to be operating for one year and do not have to accept credit cards as payment.
AmeriMerchant, a leading provider of working capital solutions founded in 2002, will be offering the Main Street Business Loan product as another offering to businesses in addition to its existing products including merchant cash advance and inventory purchasing. Furthermore, AmeriMerchant is seeking new partners, resellers, ISOs and sales agents to offer the Main Street Business Loan product to its potential and current customers.
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About Main Street Business Loans
Main Street Business Loans (http://www.mainstreetbusinessloans.com) provides business loans to small to medium size businesses in just about any industry. Through its proprietary technology platform, Main Street Business Loans looks further into a business’ performance beyond a business owner’s credit score and can provide much needed capital from $5,000 - $500,000+ to small and medium size businesses. Main Street Business Loans is a licensed California Finance Lender, License #6054509 and provides loans in various states, please contact us for a current list of available states. For additional information about Main Street Business Loans, please visit http://www.mainstreetbusinessloans.com.
Founded in 2002, AmeriMerchant (http://www.amerimerchant.com) is a leading provider of working capital solutions to businesses including merchant cash advances, business loans and inventory purchase programs. Headquartered in New York City, with over one hundred employees, AmeriMerchant is a one-stop shop for businesses seeking working capital solutions for their business.
Through its sister company CanaFunding, the company also provides merchant cash advances to Canadian businesses. AmeriMerchant is committed to industry best practices and is a founding member of the North American Merchant Advance Association (NAMAA). For additional information about AmeriMerchant visit http://www.amerimerchant.com or call 800-267-3790.
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