American Stimulus Funding Corp Launches Franchise Funding Division To Offer Enhanced Merchant Cash Advances
Online, February 29, 2012 (Newswire.com) - American Stimulus Funding (ASF), one of the largest providers of merchant cash advances, has recently launched a special underwriting division that's main purpose is to develop simple and flexible financing options for a myriad of franchise businesses. Banks and other financial institutions have made it increasingly difficult for small to medium franchise businesses to find adequate capital to expand their business in our current financial environment. With the new and stricter lending requirements that banks are requiring, ASF is pleased to be able to offer its more flexible merchant cash advance products to franchise businesses nationwide. A merchant cash advance is an easier and faster way to finance franchise expansion, with funds often available within days.
ASF's Franchise division will purchase a specific amount of a business's future credit card sales and provide them with a lump sum amount to help with their expansion plans. The business will then simultaneously agree to pay ASF an agreed percentage of its future credit card sales each day until the advance is paid off. This business cash advance is a simple way for a franchise to easily get the money it needs to grow and the funds are typically available within (3) three days from application.
"With financing options dwindling for many small and medium sized businesses, ASF is proud to be one of the few financial firms eager to fund these thriving businesses," says Lawrence Principato, CEO of American Stimulus Funding. "We have found that a franchise merchant will have the benefit of being better trained by its parent company, will have access to superior buying power through its affiliation with the franchise and most importantly it can tap into the proven success that has been built by the Franchise model it is part of."
American Stimulus Funding provides capital to retail businesses, automotive businesses, dentistry and medical businesses, and franchise and restaurant funding, among many others. For more information on American Stimulus Funding, please visit http://www.stimulusfunding.com/.
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Tags: franchise business funding, merchant cash advances, restaurant funding