NEW YORK, July 21, 2011 /PRNewswire/ — According to William Morrissey, President of Merchant Solutions Group, merchants declared that a slow economy was their number one reason to get a merchant cash advance. When merchants are faced with shortfalls in capital, Merchant Solutions Group is available to supply the necessary funding to the average business owner.
With the ability to contribute capital at anytime, Merchant Solutions Group provides both small and large sized businesses the money needed within 72 hours. Through purchasing future credit card processing transactions, direct funding is given in the form of a cash advance. This advance is eventually re-paid by a specified percentage deduction of credit card transactions until the advance is paid in full. According to Merchant Solutions Group, 93% of businesses are able to fully pay back the advance within nine months.
A merchant cash advance is a practical alternative to the traditional bank loan, they operate the same as no credit check installment loans. In this poor working economy that is slowly recovering ground, Merchant Solutions Group respects prospective small businesses during their start-up period, realizing that monetary advancement is an essential component to competing in the marketplace. Running a successful business is difficult and fortunately, the ability to receive funds with this program is not affected by one’s credit history. Allowing customers to borrow against their merchant account balance has given business owners many more opportunities. Merchant Solutions Group is specifically designed for merchants, which explains the efficient application and renewal process. Clients that have benefited from Merchant Solutions Group have great things to say about the services offered, particularly because it is designed to cater to specific business needs. Jeff Silverstein of IRI Golf group says “When the financial crisis hit, capital wasn’t available to our business. Billy Morrissey and his group stepped up and helped solve our problems. Merchant Solutions is a group of quality people who do what they say. They have an understanding of the issues facing small business and are creative in the way they look at transactions.”
SOURCE Merchant Solutions Group
Web Site: http://www.merchantcashinadvance.com
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