SOURCE: Advance Funds Network

Advance Funds Network

August 13, 2013 07:13 ET

Advance Funds Network Wins Double Award From TopCreditCardProcessors.com

BROOKLYN, NY--(Marketwired - Aug 13, 2013) - With banks reluctant to give loans in the wake of the Great Recession, small-business owners are struggling to get the cash they need to expand through traditional means.

Banks turned down 5.89 million small-business loans between 2008 and 2011, and drained $104.5 billion in small-business financing from the economy in the process. Now, small-business owners have another option when it comes to getting a line of credit in the form of alternative lenders.

For the second month in a row, Advance Funds Network (AFN) has been recognized by TopCreditCardProcessors.com, an independent authority on credit-card processing and merchant-services providers, for its small-business loan and merchant cash-advance programs.

AFN was awarded first place for Best Loan Programs Company and second place for Best Merchant Cash Advance Company for July 2013. June 2013 also saw AFN win first place for Best Loan Programs Company.

Each month, TopCreditCardProcessors.com ranks the preeminent merchant-services providers according to availability, rates, level of customer support, competitive advantages and efficiency. Each new set of rankings takes into account the latest industry developments and relevant research.

TopCreditCardProcessors.com also reaches out to clients of each merchant services provider evaluated. They interview the clients about the application process, the quality of their communications with the service provider and the quality of service. Advance Funds Network stood up well under this comprehensive analysis due to the quality of its products and customer service.

"I have enjoyed working with Jean Paul [of Advance Funds Network]," said Kathy Fran of Littleton, Colo. "He worked so hard to get me the best deal for my business. Jean and all the people who I spoke with that handled my advance were very professional and knowledgeable."

AFN provides loans, credit lines and merchant-cash advances to small-business owners to help them grow and sustain their businesses. Funding options from AFN include bad-credit business loans, unsecured credit lines and loan products for businesses that don't accept credit cards. AFN allows small-business owners to borrow against future revenue, for fast, cash-flow-friendly loans.

AFN typically deals in loan amounts smaller than traditional banks will consider -- loans ranging in size from $2,500 to $3,000,000. Small-business loans and merchant-cash advances are approved quickly, in about five to seven days.

Douglas Haddad, managing partner of AFN, is committed to providing the best in financial services to business owners in the coming years. He hopes to see AFN win even more recognition as they continue to make business owners' dreams realities. "Our goal is to recapitalize every small and medium-sized business in the USA," says Haddad.

About Advance Funds Network

Since 2007, Advance Funds Network (AFN) has provided fast, easy financing for small to medium-sized businesses. AFN offers a number of flexible business-financing options and is committed to finding the one that works best for each business. AFN's application and funding process is simple, and its products are available to all businesses, regardless of credit score. AFN does not charge upfront fees to borrowers. To learn more about AFN's business services, contact Advance Funds Network.