New York, NY (PRWEB) January 28, 2013
Paramount Merchant Funding, the financial services firm and industry leader in providing alternative forms of working capital solutions to businesses, is announcing it has expanded its offerings to include business loans.
Visionary Business Loans, based in Virginia, will increase Paramount’s target markets by offering small business loans in 39 states. The loans are approved quickly – in as few as 24 hours -- across a wide array of industry types.
Businesses eligible for the loans include those that don’t accept credit cards and which traditional banks often shy away from or take weeks and months to approve, if at all.
“We have a vision to change the way small businesses borrow money in today’s fast-paced economy,” said Dan Smith, Paramount Managing Partner. “Small businesses too often miss out on big opportunities for growth when banks and traditional lenders spend weeks and months to make a decision on a small business loan application. With Visionary Business Loans, business owners can have access to working capital and whatever their capital needs are right away.”
“We’ve used our vision to create a new approach to business loans,” Smith continued. “Small business owners apply with minimal personal information and business documents. Our staff uses our proprietary scoring models and technological tools to make decisions efficiently and fund loans. We are committed to speed and transparency so business owners won’t miss out on key opportunities that will help their businesses grow and prosper.”
“We at Paramount are excited by this new expansion of our portfolio of services,” added Jared Feldman, Paramount Managing Partner. “We are dedicated to seeking out partnerships that help business owners reach their maximum potential. Expanding into the area of business loans in addition to the merchant cash advance we’ve offered since our founding is a very exciting step.”
Visionary Business Loan clients are equally excited to have access to capital - and opportunities - that they didn’t have before.
Businesses use their loans to suit their needs for lots of purposes, ranging from re-stocking inventory to buying equipment to hiring staff or launching a marketing campaign.
Loan amounts offered through Visionary vary from $5,000 to $1 million. Repayment terms, through daily and automated payments, are available from between three and 18 months.
The streamlined application process can be approved in as few as 24 hours, with funding available in as little as 72 hours.
Paramount Merchant Funding, based in Midtown Manhattan, was founded in 2008 to provide working capital solutions for small to medium sized businesses across the United States. The company was founded with a focus on providing businesses with working capital within just a few days by utilizing its state of the art technology platforms to manage transactions and provide transparency for the firm and its clients.
Since its founding, Paramount and its subsidiaries have provided more than $85 million to more than 3,000 businesses.