Contact Information: Carrie Crabill Trevelino/Keller Communication Group 404-214-0722 x102 ccrabill@trevelinokeller.com
Merchant Cash Advance Leader Continues to Educate Business Owners
AdvanceMe, Inc. Releases Third White Paper Advocating Informed Funding Decisions
| Source: AdvanceMe, Inc.
ATLANTA, GA--(Marketwire - August 24, 2009) - AdvanceMe, Inc. (AMI), the nation's leading
provider of Merchant Cash Advances for small and mid-sized businesses,
today released a new white paper entitled "Merchant Cash Advance: Not for
Every Business. Is it Right for Yours?" This White Paper is the third in a
series addressing current issues impacting the Merchant Cash Advance (MCA)
industry and educating business owners so they can make more informed
decisions regarding their businesses.
AdvanceMe's previous White Papers have been focused on funding companies,
discussing self-regulation as well as best practices within the MCA funding
industry. In this White Paper, AdvanceMe now addresses business owners
directly -- suggesting ways to help them make smart decisions when their
businesses need working capital. This White Paper urges business owners and
their advisors to make "informed choices" of whether an MCA -- or any
working capital solution -- is the most appropriate option for their
business. Through education, investigation, preparation and planning those
informed choices become smart business decisions.
The weak economy, and the pressure it puts on small businesses and many of
their sources of financing and funding, make MCAs an increasingly relevant
option. Today, even stable small businesses that in the past could get
bank financing are being declined under today's tighter underwriting
guidelines. Business owners needing to obtain funding for their businesses
must make responsible decisions to ensure the longevity and success of
their businesses. Therefore, in certain scenarios, it may be appropriate
to work with a bank, while in still others, a leasing company. Based on a
careful consideration of the options, the opportunities and the
requirements, some business owners should feel comfortable seeking
alternative options such as an MCA.
AdvanceMe urges business owners to investigate all available alternatives
and decide which form of capital suits their unique business needs, to
develop a clear picture of the business' cash flows to ensure the business
can comfortably operate under the requirements associated with the new
capital, and prepare a plan to maximize the benefits the new capital will
bring to the business.
"AdvanceMe recognizes that small businesses are a major engine of the U.S.
economy, and we want to see them not only survive, but also thrive," said
Glenn Goldman, President and Chief Executive Officer of Capital Access
Network, the parent company of AdvanceMe. "In these difficult times,
business owners need straightforward guidance. We aim to educate the small
business community about available options and encourage them to answer the
hard questions they should be asking themselves before locking into a
working capital solution. Those business owners who inform themselves,
prepare their businesses, and then make good choices, stay smart and
vigilant while seeking a solid funding strategy to get through today's
economic climate will be the biggest winners as the economy recovers."
An electronic version of both the White Paper as well as this document can
found on AdvanceMe's website at www.MCABestPractices.com.
About AdvanceMe, Inc.
AdvanceMe, Inc. is the nation's leading provider of Merchant Cash Advances
to small and mid-sized businesses. Since 1998, AdvanceMe has made almost
60,000 fundings, providing more than 25,000 businesses in all 50 states
with nearly $1.5 billion in working capital. Owners use AdvanceMe capital
to renovate, purchase new equipment and supplies, fund advertising, manage
unexpected expenses and seasonal downturns and free themselves from second
mortgage liens and personal guarantees associated with loans. For more
information about AdvanceMe's innovative working capital solution, call
toll-free 1-866-838-5097 or visit www.AdvanceMe.com.