Texas-Based MotherFund Expands Staff to Accommodate Growth in Merchant Cash Advance Offerings
1. Texas-Based MotherFund Expands Staff to Accommodate
Growth in Merchant Cash Advance Offerings
My Thoughts About This Article:
Yes paydayloans could possibly be "negative" for most people have but in reality this is actually the
only choice. Thus could you rather the consumer move without temperature or food for the week or
keep these things spend an outrageous interest-rate? From the legal viewpoint they're having not a
problem although for me it's really a call that is hard. Lawmakers are planning to crackdown on
lenders hard.
ROCKWALL, Texas--(BUSINESS WIRE)--MotherFund, a leading provider of working capital and
creative financial solutions for businesses nationwide, has expanded its call center staff to serve the
increasing demand for non-traditional working-capital programs, like its popular Merchant Cash
Advance.
Jason Bishop, MotherFund's Chairman and CEO, said, "A year ago this month, Business Week was
predicting growth in the use of merchant cash advances, because of the continuing tight credit
market, and they were right. We've seen a dramatic increase in requests from larger firms needing
working capital, which means that the credit crunch is continuing. Typically, smaller businesses are
the first to face the problem of being turned away by banks, and having no available credit, but this
issue has reached into medium- and large-sized companies now, as well."
For the past several years, financial analysts, banking experts and others who watch the banking
and credit industry have suggested that business loans and lines of credit for many businesses will
continue to be difficult to get. Those same experts seem to agree that this is not going to change
anytime soon.
According to Jason Bishop, "Many organizations have limited options, or sometimes really, no
options to continue having access to working capital, so they turn to us for help. We have added
more staff to meet the growing demand, and we have the financial resources to fund a wide range of
merchant cash advance requests, from large and small businesses."
Several of MotherFund's products, like the Merchant Cash Advance, are based on accounts
receivable financing or factoring. This form of financing puts a company's financial assets to work
immediately. MotherFund also offers trade receivable, credit card processing, and custom financial
services.
About MotherFund
MotherFund is a Texas-based company that provides alternative financial products and services for
small businesses. The Company is a leading provider of creative working-capital solutions that allow
businesses access to a consistently available source of money, for a variety of needs. These include
seasonal merchandise, payroll, expansion, inventory, new equipment, and other requirements that
keep the business growing.
More information is available at www.motherfund.com.
http://www.businesswire.com/news/home/20110125005396/en/Texas-Based-MotherFund-Expands-St
2. aff-Accommodate-Growth-Merchant
Final Ideas:
As you may begin to see the news source above says regulators are prepared to crack the whip on
payday loan lenders. I'm wondering what you're ideas are on this?
