Merchant Solutions Group (MSG), a leading provider of Merchant Cash Advances (MCA), announces a major corporate milestone: March 2013 was the largest sales month since inception. The company was founded in 2006 by Billy Morrissey whose love of the industry forced him to open up his own company. The result was the Merchant Solutions Group and their product that continues to help thousands of small business owners each day manage their cash flow requirements.
One of the largest Independent Sales Organizations for the Merchant Cash Advance (MCA) industry, Merchant Solutions Group prides itself on helping small business owners, many of whom are not served by traditional financial institutions, meet their needs for working capital. During the past 6 years, Merchant Solutions Group provided more than 5,000 business owners with access to over $150 million in funding through its innovative product offering.
Merchant Solutions Groups growth and longevity are testaments to its ability to supply owners with the funds needed to sustain and expand their businesses, providing fuel to the engine of the nation’s economy and stimulating economic development. Three out of four eligible customers return for future fundings, evidence of Merchant Solutions Group’s superior processes that incorporate 6 years of data gathering to support responsible funding.
Merchant Solutions Group started with a handful of salespeople and has since grown its in-house Telesales Team, a nationwide Direct Sales Team of employees and Independent Sales Organizations, a website (www.merchantsolutionsgroup.com) as well as National Sales partners. Employees of Merchant Solutions Group and its affiliates now number more than 100 in three offices — New York City, Chicago and Miami.
“We are thrilled to have this milestone month. Businesses continue to show the need for the Merchant Cash Advance product. Requests for working capital are growing, especially with the tightening credit markets affecting the entire nation,” explains Billy Morrissey, Chief Executive Officer of Merchant Solutions Group, He continues: “Merchant Solutions Group takes its responsibility within the industry very seriously. We will continue to assist owners that possess solid business and management models with access to the capital needed to thrive. And we will continue to do it responsibly, setting the bar for industry best practices.”
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