1st Merchant Funding Relocates to State of The Art Facility To Accommodate Growth
Miami, FL (March 5, 2012) – 1st Merchant Funding, LLC has relocated to a new state of the art facility to accommodate aggressive growth initiatives. Headquarters will remain in Miami with the new office centrally located at 10800 Biscayne Boulevard, Penthouse, Miami, FL 33161.
The move was completed successfully this weekend with zero downtime or delays to our valued partners and customers. Key facts include:
8x the size of previous facility
Accommodations for 100+ employees
Bringing new jobs to Miami
Dedicated fiber connection with optimum speeds
About 1st Merchant Funding
Headquartered in Miami, Florida, 1st Merchant Funding is a leading provider of merchant cash advances to small and medium-sized businesses, having funded thousands of businesses with millions of dollars in working capital throughout the United States. 1st Merchant Funding has one of the industry's largest independent sales networks with over 2,500 independent sales agents marketing its cash advance products. Businesses typically use 1st Merchant Funding’s capital to fund expansion, purchase equipment and inventory, increase advertising, manage unexpected expenses and take advantage of seasonal opportunities. 1st Merchant Funding is also the exclusive gatekeeper of, PowerForce™, the industry’s leading CRM platform. For more information about 1st Merchant Funding’s quick and easy working capital solutions, please call 1-866-710-2265 or visit Merchant Cash Advance, Business Cash Advance, Credit Card Factoring, Small Business Loans.
Food for Thought
People will always love wining and dining even in a fragile economy. On a national level, the latest statistics on the restaurant industry have been more optimistic than not, with about 7,700 eating and drinking establishments added in 2010. These numbers reveal that even in this dour fiscal time, small businesses are continuing to operate and provide food, beverage and entertainment to the public.
New York led the way, adding 1,714 new food and beverage locations, followed by Boston with 345 and Chicago coming in third with 318. The complete list can be viewed here.
Restaurants are the leading small business industry and many restaurateurs have had tough times in this roller coaster of an economy. As traditional lending slowly evaporates, many small businesses have been forced to look elsewhere for financing. Many new restaurants are looking for small business bad credit loan alternatives to help kick-start their business. New small business owners and entrepreneurs face many hurdles en route to business success, with working capital being the hardest to overcome.
Unsecured business loan alternatives have become available and are offered to small business owners and entrepreneurs who are looking to start, secure and build their businesses. Poor credit business loan alternatives are becoming more popular, as Merchant Cash Advance providers offer options for businesses to sell their future credit card receivables at a discount in return for working capital.
These low credit business loan alternatives nourish and allow these small businesses to use the capital to increase inventory, refurbish, add locations and more.
How to Borrow Money Without Destroying Relationships
Wouldn't it be amazing if money grew on trees? The reality is, that it doesn't, and in this current economy working capital is hard to obtain for small businesses and emerging entrepreneurs. With limited options available for funds, people may have to turn to close friends and relatives and request loans for their start-ups, businesses and ideas.
The question must be asked; are family and friends the answer to financing your business ideas? It can get very tricky and awkward at times when family is involved in business ventures. Perhaps at first glance it seems the most sensible thing to do, ask family or a friend when in need, but this is not always the answer.
Asking family or friends for working capital has potential harmful consequences to family unity and loyal friendships. Relationships can be tarnished, comradeship lost and a general sour atmosphere among friends and family. Taking this route must be done with the utmost precaution, sensitivity and prudence.
With many issues at stake, asking family or friends for working capital for your business in my opinion is not a healthy choice.
There are other options, in which small business owners and entrepreneurs can pursue in obtaining working capital for their business. Unsecured business loan alternatives give businesses with poor credit scores or who are new to the business scene an opportunity to obtain financing for their business ventures. Theses bad credit business loan alternatives are available to beef up a business and put them on the map.
These poor credit business loan alternatives will not get in the way of family ties and friendships. They are no credit check business loan alternatives, intended to assist a business by providing ongoing working capital
Alternative business financing or what is better known as a Merchant Cash Advance is one option that can be very beneficial for a small to mid-sized business looking for alternative fast small business loans. A Merchant Cash Advance is a purchase of the businesses future credit card sales at a discount and is repaid by the businesses credit card sales.
These hassle-free bad credit small business loan alternatives provide a small business and entrepreneur with the funding needed to make a start in this tight economy.
Small Businesses Relieved with Alternative Business Loans
The biggest challenge facing small businesses, entrepreneurs and start-ups is the lack of working capital needed to establish, sustain and assemble a business. Ongoing working capital is a vital member of a businesses anatomy, adding structure and stability to a business model. The current economy adds further hurdles to success, as traditional financing is so scarce. However, there is nothing to fear as bad credit small business loan alternatives are available.
There are many small businesses with bad credit that are unaware that they could sell their future credit card sales today in exchange for ongoing working capital. These fast small business loan alternatives are an attractive solution for many small businesses with bad credit.
The process involves a Merchant Cash Advance provider purchasing businesses’ future credit card sales. These no credit check business loan alternatives are lump sum cash advances provided to a business in exchange for the businesses future credit card sales; with repayment occurring on a daily basis via the businesses credit card sales.
There are no restrictions on how to utilize these bad credit business loan alternatives ranging from expansion to increased inventory, marketing campaigns and so on.
It is a hassle-free process to apply for a poor credit business loan alternative and small business owners, entrepreneurs and start-ups are rest assured that their businesses will continue to operate, grow and thrive on the back of this ongoing working capital.
Small Businesses Hitting their Growth Spurt
The health of the small business sector is on the improve as the latest reports show an increase in small business financing hitting its highest levels in more than 3 years.
The report indicates a 25 percent growth in small business financing since last June, across all industries and lenders including bad credit business loan alternatives.
The news comes at an ideal time after worries with the debt deal and how it may impact the economy. Small Businesses have been working tirelessly through the economic downturn and the results are starting to show.
This is also great news for the economy as small businesses make up a majority of employment and have a direct impact on restoring the economy. There are over 27 million small businesses in the United States and the news of increased financing can only mean good news and a positive forecast for the economy.
With traditional business loans in short supply, many small businesses have been financed by bad credit small business loan alternatives that provide immediate working capital for small businesses to grow, expand and create opportunities for the future.
There are still many struggling businesses fighting to stay afloat and are finding finance through poor credit business loan alternatives. 1st Merchant Funding is an example of a company that provide poor credit small business loan alternatives by advancing lump sum cash amounts in exchange for a businesses' future credit card sales.
These unsecured business loan alternatives create more growth and increase the lifespan of many small businesses in a tight economy.
No More ‘Borders’ for Small Business
In the wake of the recent liquidation file by Borders Group, small business owners will feel a sigh of relief as they now have an opening and gap to build their own independent bookstore business, that at one point was shadowed by the giant mega players.
Small bookstores now have a chance to re-enter the market and continue selling books and other merchandise to the public. The independent bookstores have had it tough for a long time as competition with large bookstores and electronic books flooded the market.
The ‘indie bookstore’ can now fill the void left by Borders in the book scene. This is a very opportune time for small businesses to harness the now emptier market, left by Borders and create more jobs and commerce and consequently help and cure the dour economic situation.
However, small businesses do have hurdles to overcome; they require working capital to start or expand their business and move into the areas that Borders have left empty and void.
Many small Business owners do not qualify for loans and instead need other forms of working capital; alternative business loans for bad credit is just one of them. Small businesses are now able to obtain much needed working capital via these unsecured business loan alternatives.
The small business will be injected with fresh working capital that they can use to their benefit, rebuilding the ‘indie', (independent) bookstore chain. These no credit check small business loan alternatives work wonders for a small to mid-sized business and are great alternative business financing solutions in this current tight market.
Small Business are Taking The Lead to a Better Economy
Small Businesses are the saviour to the economic plague.
It is a fact that many financial analysts have said that small businesses are crucial elements in the economic recovery. The problem is that getting a small business loan is difficult, as traditional lenders have tightened their hold on funding. The number of declined loans increases and business owners are stranded without capital for their business due to a number of factors, predominantly bad credit.
As access to working capital becomes limited in a very volatile market small businesses will struggle to rally and help economic recovery. The question is how will small businesses have the ability to help put the economy on the road to recovery without having working capital to expand and grow?
Bad credit business loan alternatives are available for the many small business owners that do not qualify for traditional working capital. Businesses can sell their future credit card sales in exchange for immediate working capital that they can use for expansion, wages, marketing purposes and more.
These alternative business loans for bad credit is a real-time, hassle-free process that gets the business funded in 24-48 hours with much needed working capital. The unsecured business loan alternative is a breath of fresh air for small to mid-sized businesses with poor credit as it allows them to use the working capital to leverage their business.
Many small business owners are unaware of these bad credit business loan alternatives and how they are a major force in rebuilding the current economic downturn. With these poor credit business loan alternatives, small to mid-sized businesses are equipped with working capital, which creates more jobs and helps in the resurrection of today’s marketplace.
The Bad Credit Business Loan Alternative, isn’t so Bad after all.
How The Bad Credit Business Loan Alternative operates.
Your credit score is below 700, your rent is due, and you need new machinery immediately. In a nutshell, you have bad credit and you require much needed working capital for your business.
Are you a small business owner looking for a bad credit business loan alternative? Don’t worry; there are plenty of others in the same situation as you out there who are finding alternative business loans for bad credit.
Welcome Merchant Cash Advance, a business loan alternative made easy for small business owners who have a bad credit rating who are in need of immediate business working capital. A merchant cash advance provides merchants with ongoing working capital in exchange for merchants’ future credit card sales.
You have been to the bank endless amounts of time but they aren’t listening to you. You have requested loans, you provided guarantors, and you put up collateral but the banks turn their heads. It’s simple – you need a bad credit business loan alternative.
You have had meetings with credit repair companies who attempt to clean up your credit report but you need the money now.
Here is an example; Daniel Davis owns a small business, a local supermarket in South Florida. Daniel needs some capital to completely fit his new supermarket. Daniel’s business credit is fairly new, which in essence means he has a bad credit score and he will be unable to be approved for a traditional bank business loan. The traditional lenders, the banks and other financial institutions do not want to risk a line of credit in fear of not having it repaid. Daniel’s bad credit resulted in him being disapproved for a traditional business loan. Daniel still has some options to get a bad credit business loan even with his bad credit rating.
Your bad credit means that you have to entertain different forms of obtaining a business loan. There are a few ways to obtain untraditional loans in the form of;
1) Home Equity Lines of Credit – this type of loan will only work if the person with bad credit owns a home.
2) Business Credit Card – but usually the lines of credit are minimal (in the situation where a low credit score is present).
3) Personal loans from family
4) Business loans with bad credit – expect these loans to be laden with high interest figures and can be very expensive.
The above types of business loans are obtainable, but many small business owners, with a bad credit rating still do not fit the criteria of such business loans.
The Bad Credit Business Loan Alternative and its value today.
Where do small business owners with bad credit turn to next? Where does a young entrepreneurially small business with bad credit in desperate need for a business loan find much needed working capital?
The bad credit business loan alternative has been a fresh injection of financing for the small business owner with bad credit over the past few years.
Business loan alternatives have become popular since the downturn of the economy. Small and developing business owners are finding it tough out there in the big world of commerce as they try and kick-start their innovative business ideas.
Entrepreneurs have novel ideas lined up for business ventures but they lack the finances.
Statistics show that in the United States, small business demand for non-equity capital was estimated to be $240 Billion dollars annually. Less than 10% of small businesses qualify for traditional bank financing resulting in the majority of small business owners turning to alternative business loans, usually due to bad credit. The figures are evident that the small business industry is quite large, with plenty of money being funded, even to small businesses with bad credit.
Bad credit business loan alternatives offer much needed working capital to merchants who cannot borrow from traditional lending institutions due to their bad credit. The qualification process for alternative business loans is much less rigorous than traditional small business loans from the banks. Merchants credit reports will not be considered, outstanding Court judgments against them will be disregarded and any marital issues will be overlooked. The flexibility and benefits of a bad credit business loan include;
1) Credit history not evaluated.
2) No need to post a personal guarantee for the cash advance
3) Fast and easy approval timeframes.
4) The cash advance can be used for anything from acquiring inventory, paying rent, paying salaries and more.
5) Regular day-to-day business continues with remittances through process of credit card sales.
6) No risk of your credit score being tarnished
The bad credit business loan providers want to know that you process credit card transactions and that you have settlements. It is that easy and flexible. Renewals are offered on a percentage of a repayment on cash advance.
Business loan alternative providers realize life isn’t always perfect, and if you have a bad credit score and you need a business loan they won’t be afraid of you. The banks just look at credit score, alternative business financing loans look at your character – and provide quality, safe and potential lucrative business loan alternatives.
1st Merchant funding is a leader and expert in the industry and offer Merchant Cash Advances to small and medium-sized businesses in exchange for merchants’ future credit card sales. The process is simple, hassle-free and rewarding. Contact 1st Merchant today, and get approved funding right away.
Restaurant Loans for Bad Credit
Restaurant Loans
Restaurants owners with bad credit seeking restaurant loans can now obtain restaurant financing in as quick as two business days. The only documentation required for restaurant funding is the most recent 3 credit card statements for an instant guaranteed approval.
The merchant cash advance can be used for restaurant equipment financing, renovations, inventory, ingredients, and anything you wish to use it for. Repayment is easy and is deducted from your daily restaurant credit card processing sales.
For an instant phone approval call 1-866-710-BANK (2265) and have your most recent credit card statement totals ready.
Bad Credit Business Loans Available to Businesses That Accept Credit Cards
Business owners that have lower than average credit or bad credit can now obtain alternative financing in the form of a starter merchant cash advance regardless of their credit.
1st Merchant Funding is the nations largest merchant cash advance provider for alternative financing for businesses with bad credit. Merchants regardless of credit can repay their advance through their future credit card sales. Bad credit, damaged credit, or even no credit, merchants can no qualify for a business cash advance instantly. Approvals are auto approvals strictly based on the business performance. The only qualifications needed are the business must accept credit cards at their location.
This highly popular alternative financing product has proven to be effective to merchants in strain of or limited by capital to grow their business. "We changed the way underwriting is executed in the MCA industry for the better" says Michael Hollis, Director of Business Development at 1st Merchant Funding. "Many Merchant Cash Advance providers became greedy in their approval and underwriting process, turning down merchants based on the owners blemished personal credit history". In this market a common reason for declines are that business owners can be losing their investment properties, made bad real estate investments, and in result credit can become affected almost immediately.
Regardless of whether the merchant has a performing business or not, bad credit constitutes applications getting denied daily. 1st Merchant Funding saw this as an opportunity to strictly judge a business by its performance, and not by the operators credit history. Business owners seeking bad credit business loans now have a solid option.
More information can be found online at http://www.1stmerchantfunding.com