Merchant Warehouse and AmeriMerchant to offer merchant cash advance and business loan products to small and mid-sized businesses nationwide
NEW YORK – October 3, 2013 – Merchant Warehouse, a leading provider of payment technologies and merchant account services, and AmeriMerchant, a leading provider of alternative financing solutions for businesses since 2002, today announced a strategic partnership to offer working capital to Merchant Warehouse customers.
The partnership between the two companies will provide small to mid-sized businesses nationwide with access to working capital through AmeriMerchant’s merchant cash advance program and its small business loan program through its sister company, Main Street Business Loans. The partnership will allow merchants to apply for and receive funding almost immediately.
“Securing working capital through a traditional bank can be a long, difficult and tedious process for merchants,” said Andrew Altschuler, Vice President, Business Development, AmeriMerchant. "We are thrilled to be joining with Merchant Warehouse to offer their customers needed working capital to help fuel the growth of their businesses.”
"We are delighted to be partnering with AmeriMerchant, one of the oldest and largest providers of working capital solutions, to continue in our efforts to provide innovative alternative lending technology solutions to simplify and improve our merchant customers’ businesses," said Michael Gavin, Senior Vice President, Direct and Agent Sales, Merchant Warehouse. "AmeriMerchant’s merchant cash advance and Main Street Business loan products will provide our customers with convenient hassle-free options to secure the financing they need."
The Merchant Warehouse and AmeriMerchant partnership allows working capital products to be offered to an extensive member base through a talented agent network to a mostly untapped population of merchants.
About Merchant Warehouse
Merchant Warehouse is a leading provider of payment technologies and merchant services. The company’s solutions enable merchants to more effectively connect and engage with their customers regardless of how, where or when they choose to shop. Merchant Warehouse’s flagship technology solution, the Genius™ Customer Engagement Platform™, supports both traditional and new payment types, including mobile commerce, from a single countertop acceptance device.
Merchant Warehouse offers innovative payment solutions that help online and brick-and-mortar retailers, as well as point-of-sale (POS) developers, value-added resellers (VARs) and agents, strategically grow their business. Merchant Warehouse is one of the fastest growing payment technology companies in North America. For more information about Merchant Warehouse, please visit merchantwarehouse.com.
Founded in 2002, AmeriMerchant 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, please visit amerimerchant.com or call 800-267-3790.
About Main Street Business Loans
Main Street Business Loans 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 mainstreetbusinessloans.com or call 1-866-325-0117.
Mary Elizabeth Margolis (For AmeriMerchant)
Jenn Reichenbacher (For Merchant Warehouse)