NEW YORK, March 29, 2011 /PRNewswire/ -- Restaurant financing and alternatives to traditional financing are continuing to demonstrate strong growth, reports Merchant Solutions Group, one of the nation's leading providers of working capital for restaurants and other small to medium-sized businesses. As evidence of the growth, the company reported today that it has provided working capital to its 400th restaurant.
"Restaurant financing is a significant part of our business base," said William Morrissey, the President of Merchant Solutions Group. "Unlike traditional banks, Merchant Solutions Group understands the restaurant industry and its financing needs. We make it easy for restaurateurs to work with us because of our simple, no fee application and our quick turnaround times."
Merchant Solutions Group's Merchant Cash Advance is an alternative to traditional restaurant financing solutions. It provides a more favorable approach to underwriting restaurants than those provided by traditional banks and financial institutions. As a result, Merchant Solutions Group has provided restaurants with more than $40 million in working capital since the company's inception in 2007. With double digit growth since 2008 Merchant Solutions Group supports hundreds of customers each month.
For more information about Merchant Solutions Group and our innovative restaurant financing solution: the Merchant Cash Advance, as well as other working capital solutions for the foodservice industry, please visit our website: www.MerchantSolutionsGroup.com
About Merchant Solutions Group
Merchant Solutions Group is one of the nation's leading providers of Merchant Cash Advances to small and mid-sized businesses. Since 2007, Merchant Solutions Group has provided more than 500 businesses in all 50 states with nearly $85 million in working capital. Owners use Merchant Solutions Group capital to renovate, purchase new equipment and supplies, fund advertising, manage unexpected expenses and seasonal downturns and free themselves from second mortgage liens and personal guarantees associated with loans. For more information about Merchant Solutions Group innovative working capital solution, call toll-free 1-866-50-FUNDS or visit www.MerchantSolutionsGroup.com
SOURCE Merchant Solutions Group