AmeriMerchant Announces New $60 Million Credit Line To Fund Small Businesses

NEW YORK, July 16, 2013 /PRNewswire/ -- AmeriMerchant, a leading provider of alternative financing solutions for businesses since 2002, announced a new $60 million credit line.  This credit line --  which replaced a smaller line with another lender --  will allow the company to provide even more capital to small and medium-sized businesses nationwide through its merchant cash advance program as well as its small business loan program through its sister company, Main Street Business Loans.

"This new credit line will allow AmeriMerchant and Main Street Business Loans to keep up with the growing demand in the marketplace of small businesses that cannot obtain the working capital they seek for their business from traditional sources.  It also significantly supports the funding capacity of our company's rapid growth," said David Goldin, President and CEO of AmeriMerchant.  "We've had overwhelming demand of our Main Street Business Loan program allowing us to offer capital to non-credit card processing businesses in a variety of new industries. Our larger new credit facility will accommodate this demand as well."

This is the first in a series of strategic announcements that AmeriMerchant will be making over the coming weeks and months as the company solidifies its presence as a leading provider of alternative financing solutions for small and medium-sized businesses.  

For more information on AmeriMerchant and to stay updated on the latest company developments please visit www.AmeriMerchant.com or call 800-267-3790. For more information on Main Street Business Loans visit www.MainStreetBusinessLoans.com or call 866.325.0117.

ABOUT AMERIMERCHANT:
Founded in 2002, AmeriMerchant (http://www.amerimerchant.com) is a leading provider of working capital solutions to businesses including merchant cash advances, business loans and inventory purchase programs. Headquartered in New York City, with over one hundred employees, AmeriMerchant is a one-stop shop for businesses seeking working capital solutions for their business. AmeriMerchant is committed to industry best practices and is a founding member of the North American Merchant Advance Association (NAMAA). For additional information about AmeriMerchant visit http://www.amerimerchant.com  or call 800-267-3790.

ABOUT MAIN STREET BUSINESS LOANS:
Main Street Business Loans (http://www.mainstreetbusinessloans.com) provides business loans to small to medium-sized businesses in just about any industry. Through its proprietary technology platform, Main Street Business Loans looks further into a business' performance beyond a business owner's credit score and can provide much needed capital from $5,000 - $500,000+ to small and medium-sized businesses. Main Street Business Loans is a licensed California Finance Lender, License #6054509 and provides loans in various states, please contact us for a current list of available states. For additional information about Main Street Business Loans, please visit  http://www.mainstreetbusinessloans.com or call 1-866-325-0117.

SOURCE AmeriMerchant