Franchise Expansion Funding Is Made Easy With Merchant Cash and Capital’s New …
Merchant Cash and Capital
New York, NY (PRWEB) February 07, 2012
With economic uncertainty still surrounding small business owners, franchisees are finding challenges accessing capital needed for expansion. While franchisees want to grow through additional units, the economic climate has made it difficult to execute on those opportunities. Yet with growth opportunities available, franchisees need to explore their financing options. For most franchisees, the first call is to their local banker. We are in a new world of lending requirements, with tighter credit rules limiting approvals, substantial documentation requirements, as well as personal guarantees and collateral requirements. Moreover, fewer small business owners are able to tap into home equity or SBA loans. As a result, Merchant Cash and Capital’s franchise financing division provides franchisees of all sizes a lump sum to help finance expansion plans, in exchange for a share of future credit card sales, also referred to as a merchant cash advance. A merchant cash advance is a simpler and quicker way to finance franchise expansion, with funds often available within days.
MCA’s also provide flexibility to franchisees as the repayment schedule is aligned with daily credit receipts. As business volume fluctuates, the repayment amount moves in tandem. Finally, merchant cash advances are typically approved in days, making them a very attractive option for business owners dealing with immediate needs for working capital. Leading MCA organizations like Merchant Cash and Capital have been working with franchisees for years. MCC offers business cash advances for expansion, bridge financing, and general working capital. “The MCA industry has experienced notable growth in the franchise sector in 2011, both with newer entrants as well as larger multi-unit operators. Hospitality and restaurant concepts are the largest growth area. They provide revenue predictability, and Merchant Cash and Capital has designed funding solutions for remodels and bridge financing for expansion.” says Seth Broman, Vice President of Business Development at Merchant Cash and Capital.
Since 2005, Merchant Cash and Capital, LLC has been one of the nation’s small business cash advance funding leaders. MCC has provided approximately $400 million in financing to over 11,000 distinct customers and a total of over 20,000 advances.
For more information about Merchant Cash and Capital’s franchise financing division please call 1-877-777-8236 or visit http://www.mccfran.com.
Article source: http://www.prweb.com/releases/2012/2/prweb9165455.htm
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