Prepared Food Wholesaler Receives Large $200,000 Merchant Cash Advance from Industry Leader Merchant Cash and Capital

Merchant Cash and Capital, LLC www.merchantcashandcapital.com, a recognized leader in the merchant cash advance industry, recently advanced $200,000 to a wholesaler of prepared foods located on the west coast. Despite a series of past credit issues, MCC, upon careful research and working individually with the owner, found the business viable and made the merchant cash advance happen.

The business has operated for 24 years, although it did file (and emerge successfully from) a chapter 11 reorganization some years ago. The filing was necessitated after a national chain that the merchant did business with stated its intention to increase its orders significantly, resulting in the merchant ramping up so it would be able to handle the anticipated increase in orders. Ultimately, however, the client decided to go with another supplier, leaving the merchant with increased payroll and equipment costs, and shrinking orders. The merchant emerged from chapter 11, made the necessary adjustments to its business and is now profitable. It has also diversified its clientele, realizing that having all of its eggs in one basket is too risky. Now, no client constitutes more than 12% of the merchant’s sales. The company also plans to use the advance to purchase additional delivery trucks and automated equipment, in an effort to reduce its labor costs.

“This is a merchant who has been in business for a long time, survived a difficult financial situation, learned from its mistakes and is now profitable,” said Kevin Lee, Manager at MCC. “This is a prime example of how the cash advance industry has evolved and stepped up as a result of institutional lenders tightening their guidelines. If not for the earlier bankruptcy, this merchant would have gone to a bank for traditional financing.”

Merchant Cash and Capital has continued to stay ‘ahead of the curve’ by offering innovative cash advance programs, unrivaled technology and reporting and creative underwriting. This allows MCC to fund many types of small businesses which other competing advance companies are not capable of. Just as important, MCC has earned a reputation for working with businesses on a case-by-case basis to find the true story behind each business and to find ways to say “yes” to funding. “Since 2005, MCC has consistently and successfully found ways to fund many types of businesses, including those that have had some hardship, whether professionally or personally” said Stephen Sheinbaum, President and CEO of MCC. “Although we have seen a rise in our merchant’s profile over the past few years, we will continue to be creative and determined to get deals done.”

Since 2005, Merchant Cash and Capital, LLC has been one of the nation’s small business cash advance funding leaders and program innovators. 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 MCC’s innovative programs visit http://www.merchantcashandcapital.com or call 866-792-9366

Merchant Cash and Capital
450 park Ave S.
NEw York NY 10016
Lindsey T
lindseyt@merchantcashandcapital.com

This release was published on openPR.