AmeriMerchant - One Of The Oldest & Largest Merchant Cash Advance Providers Celebrates Its Ten Year Anniversary

AmeriMerchant, one of the oldest and largest merchant cash advance providers in the marketplace, is celebrating its ten year anniversary. During its history, AmeriMerchant has become a best-of-class brand in the merchant cash advance marketplace. For more information on AmeriMerchant's ten year anniversary, click here.

Vantiv and AmeriMerchant To Offer Working Capital Solution To A Potential 400,000 Merchants

Vantiv (formerly Fifth Third Processing Solutions) along with National Processing Company (NPC), a Vantiv subsidiary, announced today they will be offering a merchant cash advance solution provided by AmeriMerchant to their nearly 400,000 merchants they support. For more information on this merchant cash advance / working capital partnership, please click here.

First Data Becomes An Approved Processor Of AmeriMerchant Merchant Cash Advance Program

First Data, one of the largest merchant processors in the world, has entered into an agreement with AmeriMerchant to become an approved processor of the AmeriMerchant merchant cash advance program. This deal will expand AmeriMerchant's market share by allowing First Data ISOs to offer the AmeriMerchant merchant cash advance program to their merchants. For more information on this story, see the story in The Green Sheet or ISO & Agent

AmeriMerchant Consolidates With Leading Canadian Merchant Cash Advance Provider

AmeriMerchant (http://www.amerimerchant.com) one of the oldest and largest merchant cash advance providers in the United States and CanaFunding (http://www.canafunding.com), one of the best established merchant cash advance providers in Canada, have announced a merger of their operations that will allow AmeriMerchant's US-based sales channels to offer a merchant cash advance product to the Canadian marketplace.

For more information, visit the story in the Financial Post, a Canadian newspaper.

Editor's Note: The Editor of this blog is also the CEO of AmeriMerchant.

AmeriMerchant Launches Merchant Cash Advance Portfolio Servicing Program

AmeriMerchant, one of the oldest merchant cash advance providers in the industry, announced today its new Merchant Cash Advance Portfolio Servicing Program. This program is designed for companies that are funding merchant cash advances and looking to reduce their overhead associated with the MCA business. In addition, this program can be used for creditors / investors / lenders of Merchant Cash Advance providers that are looking to preserve their capital and are interested in exiting the business as well as generating additional revenue in the future.

Editor's Note:The author of this blog is also the President & CEO of AmeriMerchant

Accelerating Cash Advance

The latest issue of The Green Sheet has an updated article on the merchant cash advance industry entitled, Accelerating Cash Advance.

I think this is a very well written article with quotes from CEOs of such companies as yours truly from AmeriMerchant, American Microloan, Merchant Cash And Capital, North American Bancard and AdvanceMe.

The spirit of article is very similar in line to what many of my postings over the last few months have indicated, the days of merchant cash advance companies approving everything are over. There are some industries that may never qualify for a merchant cash advance again because simply the product doesn't work for it based on the payment flow of the industry / the ability for the customer to control the cash register.

The article also speaks to how agents / ISOs and resellers of this product should be concerned about who they are sending their deals to today. As soon as you hear a company can't fund, RUN! Better yet, don't even get to that place, a lesser, normal commission will be worth more in the long run then what seems like a too good to be true commission from a company that won't be around in the long term.

One positive aspect is that the merchant cash advance industry is coming together to establish best practices for selling the product as well as establishing risk tools to eliminate unscrupulous merchants.