3 Alternatives to Bank Loan Financing
NEW YORK, January 13, 2015/INC.com When you need money for your business it’s important to carefully weigh your options. Taking out a loan to launch an unproven business probably isn’t the best idea, for example. But for established companies that need capital to invest in equipment or inventory or to expand operations, a loan can be a life-saver. Here are a few lending alternatives that may not be on your radar. Merchant Solutions Group Merchant Solutions Group (MSG) is one of a large number of companies like it that offer a lump sum payment in exchange for a cut of your...
read moreMerchant Solutions Group CEO Billy Morrissey Launches Liberty Merchant Group To Grow His Merchant Cash Advance Business
NEW YORK, July 30, 2024 /PRNewswire/ Merchant Solutions Group CEO Billy Morrissey announced the launch of Liberty Merchant Group, which will provide in-house merchant cash advance offerings of up to $2,000,000 per month. The addition of Liberty Merchant Group will allow Morrissey’s company to provide ten times the number of merchant cash advances per month by sourcing cash from hedge funds and private equity firms. This type of alternative loan option is continuing to increase in popularity and CEO Billy Morrissey expects that his company will provide more than $60,000,000 to owners in...
read moreBilly Morrissey: Saying “Yes” When Banks Say “No”
By: Isaiah Negro / SmartCeo Hot shot entrepreneur Billy Morrissey’s business programs have put him at the top of the alternative financing industry. In response to the economic slowdown in the United States, Morrissey decided to take the next step in his real estate background and career as a stockbroker, which spanned two decades, and founded Merchant Solutions Group in 2007. “I called my mother and told her about my plan.” Morrissey remembers. “She thought I was crazy.” Starting off as a one-man business where he fielded every incoming phone call himself, Morrissey built his company to an...
read moreSmall Business Owners Turned To Merchant Solutions Group For $200 Million In Cash Advances
NEW YORK, April 22, 2024 /PRNewswire/ Over 1,500 restaurateurs, franchisees and small business owners from a wide spectrum of industries around the United States turned to Merchant Solutions Group to secure over $200 million in cash advances. This type of alternative loan option is increasing in popularity and CEO Billy Morrissey expects that his company will provide more than $30 million dollars to business owners in 2024 alone. With banks being more conservative when it comes to small business loans, Merchant Solutions Group is able to step in to save the day, offering affordable funding,...
read moreMerchant Solutions Group To Expand New York Offices
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,...
read moreObtaining Capital for Your Nightlife Venue
The culture of nightlife is changing and these changes have opened the night up to more than the typical boy meets girl scenario. Today, nightlife destinations are used for meetings and to solidify business relationships providing greater longevity for successful and consistent operators. The head honcho entertaining business folks at one of your tables may just be taking care of good, repeat customers or may be laying the groundwork for his next venture. As the nightlife business continues to stabilize, owners are likely to find their next investor inside the four walls. However, we still...
read moreRestaurants Turn to CEO Billy Morrissey for Cash Advances
More than 100 restaurateurs and franchisees from around the U.S. turned to Merchant Solutions Group to secure more than $7,000,000 in cash advances in 2013. This type of alternative loan option is increasing in popularity, and CEO Billy Morrissey expects that his company will provide more than $14 million in the year to come. “Business men and women are turning to Merchant Solutions Group for many reasons, including the simplicity and accessibility of the procedure,” Morrissey says. “We have a very speedy turn around, which can fund merchants in 24 to 48 hours. This alleviates much of the...
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