|By PR Newswire||
|July 30, 2014 02:02 PM EDT||
NEW YORK, July 30, 2014 /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 2015 alone.
"Adding Liberty Merchant Group to our portfolio will allow us to provide in-house cash to qualified businesses that need it," explains Morrissey, "We will continue to maintain our quick turn around times to allow merchants the ability to access funds within 48 hours." With traditional financial institutions and banks continuing to turn down loan applications, there are hundreds of thousands of businesses that are looking for alternative cash advances to grow and expand during a difficult economic environment.
The launch of Liberty Merchant Group will allow Merchant Solutions Group to keep up with the increasing demand for merchant cash advances. Morrissey has also increased his staff to include a full time staff of 60 junior brokers, brokers and administrative employees with offices in Lower Manhattan and Chicago.
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 5,000 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. For more information about Merchant Solutions Group's innovative working capital solutions, visit www.MerchantSolutionsGroup.com.
For press inquiries, please contact Marie Assante, R. Couri Hay Creative Public Relations, [email protected], 212-580-0835
SOURCE Merchant Solutions Group
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