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Restaurant Loan Shortage Grows Merchant Cash Advance Industry
Restaurant Loan Shortage Grows Merchant Cash Advance Industry
January 6, 2012 Finance news in Manhattan,New York, United States of America
With bank lending at an all time low, the Merchant Cash Advance industry is picking up steam and ready for 2012.
FOR IMMEDIATE RELEASE
Manhattan,
New York,
United States of America
(Free-Press-Release.com) January 6, 2012 --
According to MSNBC, small business lending was at a 12 year low in 2011. At the very same time, the Merchant Cash Advance (MCA) Industry reached a new high. Experts predict that more than $600 Million in MCA transactions were conducted in the past year, a number soon to be dwarfed by the $1 Billion projection for 2012.
Restaurant Loan Shortage Grows Merchant Cash Advance Industry
Welcome visit Our WebSite:
http://merchantcashadvanceindustry.org 40% of all small businesses funded with a MCA are restaurants. That means if you're a restaurant and if you haven't considered this program as an option, then you're probably missing out on a lot of opportunities. The most popular use of funds is to advertise. A single ad campaign will bring in new customers but better yet, it will create customers who return over and over. This lifetime reward will cover the cost of MCA at least a hundred times over.
The Merchant Cash Advance Industry has released an official beginner's guide on their main website with a focus on restaurants. In truth, any business that accepts credit cards as a form of payment is eligible. By grabbing a copy of the free guide, you'll be better prepared to apply and also be more likely to obtain the best deal possible.
The official MCA Industry organization would like small business owners to connect with the funding provider best suited to their needs in 2012. For more information on how to do that, visit our official site.
More information can be found online at http://merchantcashadvanceindustry.org
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Where: New York,United States
Industry: Business Services
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