SOURCE: Advance Funds Network

Advance Funds Network

April 13, 2015 14:00 ET

Advance Funds Network Springs Into Action Kickstarting Q2 Growth

$500,000+ Deals, Closed Fast Help 3 Diverse Businesses

BROOKLYN, NY--(Marketwired - Apr 13, 2015) - In a city and region besieged by winter, signs are emerging that a new season is about to arrive. Slow changes are happening to jumpstart the season.

In many respects the U.S. economy has followed a similar pattern. Months of incremental job growth finally gave way to massive gains. By November of last year, economists were touting 2014 as the strongest year for job growth since 1999. In fact, the last several months have been so robust that the national conversation has shifted from one of strictly adding jobs to improving wages.

In January wages increased .5 percent. Frigid February still managed to beat economist expectations with 295,000 jobs created and an unemployment rate that dipped to 5.5 percent. It might not be time for celebrating just yet, but it just may be a sign that the final piece to the post-recession economic puzzle has been put into place.
Key to the economy's continued growth rate improvement is the ability for small and medium-sized businesses across a diversity of sectors to rapidly access the funds they need to expand. An improving economy means consumers are more eager to spend on goods and services.

That's why A+ rated Advance Funds Network, or AFN, is committed to helping small and medium-sized businesses across the country secure business loans and lines of credit without the red tape and bureaucracy typical with traditional banks and in a fraction of the time. This allows businesses to cover their overhead, pay employees, or purchase equipment that can help speed production lines.

In the last few months AFN completed several large unsecured deals in notoriously difficult industries, with an HVAC construction company, an IT consulting firm, and a multinational logistics firm with a combined loan total of nearly $5 million in funding.

3 Companies That Blossomed Already This Year
The HVAC contractor's situation was emblematic of many businesses. "The business had maxed out its bank loans just as a sizable project was looming," says Eric Rony, Senior Account Executive, who listened to their needs and funded the organization $500,000 in record time. "This critical financial lifeline enabled the business to secure and win the project bid -- another happy client."

In the case of the IT company, AFN, through Michael Mansour, Funding Director & SVP, came to the rescue with flexible funding and provided structured payments of $500,000 over 18 months with biweekly installments to allow their client to acquire their competition and increase their market share.

The multinational logistics company presented the biggest obstacles of all: a line of credit with the bank and a personal loan to the company's CEO. Despite these challenges AFN delivered on its promise of fast and affordable financing and awarded the company $900,000. "Despite the fact that the company's receivables were already pledged to another lender, we were still able to complete the $900,000 deal to the great satisfaction of my client and all parties involved," said Jeffrey Schwartz, Senior Account Executive.

"Rebuilding the nation's economy from the ground up requires an unmatched level of multi-sector financial commitment," said Michael Mansour. "Since we're talking about reawakening the country's economy on the threshold of Spring, you could say that our company's specialized financial resources are essentially cross-pollinating multiple industries at a time when more Americans are more eager to spend. It's exciting to envision which companies in various industries we will satisfy next."

Whether it's funding $5,000 or $5 million (and your business has a minimum $10,000 average monthly sales, among additional easy-to-meet criteria), Advance Funds Network secures business loans and credit lines for businesses. Repayment is taken through fixed payments on set intervals including, daily, weekly, and monthly schedules, or a percentage of sales, or a combination of each. Agreement options are between six months and four years.

About Advance Funds Network

Advance Funds Network (AFN) is one of the easiest ways to obtain financing for your business. Since 2007, AFN has established itself as a leader in the small-to-medium-sized business marketplace. Advance Funds Network is an IFA member and has an A+ Better Business Bureau rating. AFN provides your business with several funding options until it finds the one that works best for you. AFN never charges any upfront fees. The process is simple, and the company's goal is even simpler: Approve your business for financing.

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