Loans to Restaurants Fall - Merchant Cash Advances Rise

FOR IMMEDIATE RELEASE
new york city, New York, United States of America (Free-Press-Release.com) January 23, 2012 -- The latest data from the Federal Government reveals that loans to small businesses have dropped to their lowest level in twelve years. This has impacted restaurants in seasonal areas hard since many are used to drawing down on their credit lines prior to entering their slow periods.

The Merchant Cash Advance (MCA) industry has been conducting research in small business communities and there is a greater awareness about alternative funding sources than there used to be. A decade ago, when a bank cut a credit line or pulled it altogether, business owners were forced to draw from their personal savings, borrow from family members, or just give up. They've evolved. The 2008 financial crisis incited fear that banks would not be around when they were needed. For the most part, this assessment was right. Four years later, the lending climate is still managing to deteriorate but fewer businesses are failing.

The MCA industry was perhaps the biggest beneficiary of the credit crunch. By purchasing future revenues, the product has been marketed as the solution to the lending crisis. That premise has gone unchallenged and the industry is expected to surpass $1 Billion annually within the next two years.

The MCA industry is inviting everyone to learn more about how the program works by visiting here: http://merchantcashadvanceindustry.org/who-qualifies/

More information can be found online at http://merchantcashadvanceindustry.org

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