Cash Advance Merchant Expands Business
(BROOKLYN, N.Y., September 08, 2011) - Advance Funds Network (AFN), cash advance merchant, saw a more than 50 percent increase in business in quarter two from the same time period last year, which company executives attribute to the tight credit market. Funding providers like AFN are becoming more attractive to business clients looking to obtain quick and hassle-free merchant cash advances to sustain their business practices.
With the burden of poor credit ratings, the slow economy and the repercussions of loan defaults, banks are tightening their loan processes and requirements. This makes it difficult for businesses to obtain funds. However, companies like AFN are stepping up to provide financing alternatives.
"Advance Funds Network provides merchant cash advances to businesses without the restrictions and regulations that bind banks’ loan processes,” said Douglas Haddad, owner of Advance Funds Network. “The result is more business owners are seeking out our services because we offer payment plans that are flexible and proportionate to their cash flow. Customers can pay back less when sales are slow."
With no due date or fixed payments, AFN and other like-minded cash advance businesses are seeing significant growth this year. According to the Digital Journal, 95 percent of small business owners have seriously considered using merchant cash advances during the credit crunch. AFN's revenue numbers clearly reflect that circumstance.
About Advance Funds Network
Since 2007, Advance Funds Network has been offering financing to small and medium-sized businesses nationwide. They offer unsecured business lines of credit, business cash advances, fast merchant cash advances and small business loans. The company provides customized funding programs to clients seeking financial assistance. By converting client's future sales into immediate capital, Advance Funds Network extends their lending services to businesses based on monthly revenues and mutually-agreed payback, providing simple and quick financing solutions. Advance Funds Network financial services were voted "Best-In-Class-2010." For more information on Advance Funds Network visit www.advancefundsnetwork.com or call toll-free at 888-310-3110.
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