We are excited to have reached the $10 million milestone and we see even more opportunity in the small business market
New York, NY (PRWEB) January 03, 2013
As it continues to aggressively expand its strategic initiatives, Merchant Cash and Capital, LLC, http://www.merchantcashandcapital.com, announced that it has eclipsed the $10 million per month threshold for merchant cash advances in a single month for the first time. The news highlights the significant growth in the category and the marketing efforts MCC has been promoting to expand opportunities and access to financing for business that both take credit cards and those that do not.
“We are excited to have reached the $10 million milestone and we see even more opportunity in the small business market,” said CEO Stephen Sheinbaum. “We know there are many challenges that remain for small businesses in need of financing for a variety of different needs. With everything from the “fiscal cliff” to issues overseas impacting lending we are confident that our merchant cash advance programs will remain attractive for some time to come.”
MCC has been actively building financing products to help broaden small business access to its programs. In addition to introducing a program that is based on bank deposits and not tied to credit card processing they are actively looking beyond the domestic market for growth opportunities.
“Our next milestone will be to eclipse the $500 million total in financing of merchant cash advances and we are very near that goal now. We believe that while the economy is growing the pace of that growth is likely to move along slowly for quite some period. That means merchants will be looking to alternatives to traditional lending to help them meet their business objectives. We plan to have Merchant Cash and Capital there for them when they need the most help.”
About Merchant Cash and Capital
Since 2005, Merchant Cash and Capital, LLC has been one of the nation’s business cash advance funding leaders. MCC has provided nearly $500 million in financing to over 12,000 distinct customers and a total of over 20,000 advances. For more information about MCC and its innovative small business-focused cash advance programs, please call 1-866-792-9366 or visit its web site at http://www.merchantcashandcapital.com.