New York, NY (PRWEB) October 18, 2011
Paramount Merchant Funding, a leader in small business loans and merchant cash advances, has instituted a new service geared towards making funds available to merchants who have in the past been forced to rely on their ability to “squeeze every penny out of their operations in order to afford extra capital expenditures - such as equipment repair or replacement,” according to a company spokesman. “Most small business owners find themselves with very limited access to additional cash for these types of unexpected costs; often times, they simply have no other option than to very creatively patch things up with duct tape and twist ties.”
“Many business owners don’t accept credit cards because they represent processing fees, equipment costs, and timely transactions. Some merchants offer goods that are too inexpensive and they do not want to raise prices to keep the same profit margins. Whatever the reason, Paramount wants to make it easy to get the capital needed to make business thrive”, stated Jared Feldman, managing member of Paramount Merchant Funding. He added that, “With our new merchant funding program that does not accept credit cards, we are now offering these merchants the same abilities to get cash in their hands - based on future gross sales. As long as the business owner can provide proof that they meet a few simple criteria, we can provide them the funding they need. The beauty of our funding programs really lies in the repayment process. A merchant doesn’t have to be bogged down with the repayment process, because our funding agreement sets forth terms that dictate that we simply collect a small percentage of their future sales - until the repayment is completed. And, to protect the business owner from undo and unaffordable expenses - if their sales happen to take a dip at any given point - their payments adjust to match, because the percentage remains constant - we will not increase the percentage if their sales decrease.”
The company has said that the Revenue Advance Program will aid many small business merchants in maintaining or even expanding their operations - through unsure economic times. “Our purpose is to make sure that small business operators have access to capital even if they don't process credit cards,” added the spokesman.
About Paramount Merchant Funding
Paramount Merchant Funding is a merchant funding company based in Midtown, New York City. We provide capital to businesses in all 50 states, as well as Canada. The company was founded by two business partners, with a focus on providing their clients with a higher level of customer service and attention than was the industry norm at that time. Since its inception, while preserving this core value, Paramount Merchant Funding has grown and matured into one of the largest small business funding companies in the United States. Over 2,000 business owners have chosen Paramount as their source for funding in the past 3 years.
261 W. 35th Street, Suite 400
New York, New York 10001
Toll Free: 877-885-1505
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