NEW YORK--(EON: Enhanced Online News)--With the federal government shutdown, small businesses are facing additional hardships when seeking financing. Those businesses already working with the SBA and other federal programs expecting funds simply won’t obtain the promised financing they need to function and grow. Further, there’s likely to be a backlog of applications and paperwork that will plague the system for days, if not weeks, to come.
“The economy has been challenging enough, especially for the small business merchant. Now with the government shutdown and the additional hardships added, we decided to step up and do what we could to help these businesses as best we can”
Business financing leader Merchant Cash and Capital, (www.merchantcashandcapital.com) is stepping up and offering its streamlined and expedited funding services to small businesses in need. MCC is expediting the funding process with its Automated Submission and Pre-Approval System (ASAP) and instituting a new and special rate-reduction pre-payment option.
“The economy has been challenging enough, especially for the small business merchant. Now with the government shutdown and the additional hardships added, we decided to step up and do what we could to help these businesses as best we can,” said MCC CEO Stephen Sheinbaum. “We hope that by reducing our underwriting requirements for affected businesses who qualify, and instituting a new and generous rate-reducing pre-payment option, small businesses will see a safety net is available now. This new expedited and discounted funding program is going to be vital for those needing bridge or gap financing until government sponsored SBA and loan programs are back on line.”
About Merchant Cash and Capital
Since 2005, Merchant Cash and Capital, LLC, has been one of the nation's business cash advance funding leaders. MCC has provided more than $575 million in financing to over 12,500 distinct customers and a total of over 27,000 advances. For more information about MCC, ASAP and its innovative small business-focused funding programs, please visit us at www.merchantcashandcapital.com or call 1-866-792-9366.