Merchant Solutions Group Founder and CEO Billy Morrissey has announced the expansion of the New York City offices located at 11 Broadway in New York City.
The company headquarters will now include an additional 5,510 square feet of space over two full floors. Morrissey secured a six-year lease for the 19th floor to add to his current offices on the 20th floor and satellite office in Chicago.
In addition to increased office space, the Merchant Solutions Group will double its staff from 40 employees, to 80 by January 2014. To keep up with the increasing demand for merchant cash advances, junior brokers, brokers and administrative employees will join Billy Morrissey’s team in the Financial District offices. “With more and more banks across the country saying ‘no’ to small business owners, there’s become a growing need for Merchant Solutions Group to offer customers alternative loans,” according to Morrissey.
The Merchant Solutions Group is one of the nation’s leading providers of Merchant Cash Advances to small and mid-sized businesses. Since 2007, Merchant Solutions Group has provided more than 500 businesses in all 50 states with nearly $200 million in working capital. Owners use Merchant Solutions Group capital to renovate, purchase new equipment and supplies, fund advertising, manage unexpected expenses and seasonal downturns and free themselves from second mortgage liens and personal guarantees associated with loans.