With credit continuing to be tight, MCC will continue to seek ways to provide small businesses of all types with access to working capital through progressive programs that can help them survive, thrive and grow.
New York, NY (PRWEB) June 13, 2012
While tens of thousands of small businesses have secured cash advances for growth, equipment and many other purposes, there remain many businesses unable to have quick and easy access to critical capital because they do not accept credit cards or don’t have enough in monthly credit card receipts to qualify. Today, industry leader Merchant Cash and Capital LLC, unveiled its B2B Cash Advance program that makes financing available to businesses that don’t qualify for traditional cash advances. MCC’s B2B Cash Advance program is based on a merchant’s total monthly revenue and not on credit card receipts. The B2B Cash Advance program is simple and verified by bank deposits providing yet another way MCC is making capital available to small businesses in need.
The MCC B2B Cash Advance program is fast and easy with many advantages. Qualifying merchants can receive funding of up to 100 percent of monthly revenue with MCC’s well-known streamlined underwriting, quick decisions and minimal paperwork requirements. Unlike a typical merchant cash advance, the B2B Cash Advance program does not require approval based upon Visa/MasterCard acceptance. Under the B2B Cash Advance program, MCC collects a fixed percentage of the merchant’s future bank deposits (as opposed to a percentage of future credit card sales).
MCC’s B2B Cash Advance program is a perfect alternative financing solution for businesses who do not accept credit cards. The program is perfectly designed for such businesses as wholesalers, manufacturers, suppliers and insurers as well as contractors, HVAC, landscaping, healthcare and others.
“MCC’s business is all about providing flexible capital for those who qualify and the B2B Cash Advance program will now make financing available to thousands of merchants that previously couldn’t qualify simply because they either didn’t accept credit cards or they didn’t have enough receipts to qualify, even though they made great candidates for the financing. With this unique, one-of-a-kind program we can easily fit these merchants under our financing umbrella,” said MCC President and CEO Stephen Sheinbaum.
Through its innovative programs, unrivaled technology, creative reporting and underwriting programs, Merchant Cash and Capital has continued to stay ahead of the curve. This allows MCC to fund more businesses of all sizes, industries, and credit worthiness; which other competing cash advance companies simply cannot do. Just as important, MCC has earned a reputation for working with businesses on a case-by-case basis to find the true story behind each business and to find ways to say “yes” to funding.
Since 2005, Merchant Cash and Capital, LLC has been one of the nation’s small business cash advance funding leaders and program innovators. MCC has provided over $400 million in financing to over 12,000 distinct customers and a total of over 20,000 advances. For more information about MCC’s innovative programs contact sales at sales(at)merchantcashandcaptial(dot)com, visit http://www.merchantcashandcapital.com or call 866-792-9366.