Crown Financial Services, Inc. is providing working capital to the small business community. Merchants now have an alternative means of obtaining a most valuable asset, cash for their business. Las Vegas, NV, July 31, 2007 - Armed with an alternative approach to providing working capital to the small business community, Crown Financial Services, Inc. is quickly developing a proven track record in helping small to medium sized merchants obtain the necessary funding to strengthen and grow their businesses. Their program is called a Merchant Cash Advance or Credit Card Factoring funding.This two-year-old company out of
Las Vegas, NV created its unique funding program in response to the void that has been created by most traditional lending sources. Daniel Ollman, the President for Crown Financial Services, Inc. said, “In a relatively short period of time, we’ve helped hundreds and hundreds of merchants throughout the country. I believe this speaks volumes for a need that truly exists. This is certainly a program whose time has come”. The program, called a Merchant Cash Advance or Credit Card Factoring, which is based on a merchant’s VISA/MC volume, was developed primarily for restaurateurs, small retailers and the hospitality industry. Prospective clients need to be in business for six months, and provide documentation showing a minimum monthly VISA/MC sales volume average of $5,000. Presently, a merchant can obtain a maximum of $300,000 in funding, and once 80% of the financing is paid, Crown Financial Services, Inc. provides a very simple renewal plan. Ollman added, “The application process is very streamlined. I can process their paperwork in as little as half an hour. Once submitted, an owner can expect to receive their funding in approximately 7-10 days.”
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on Thursday, July 26th, 2007 at 7:59 am and is filed under Merchant Account Advances.
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