AdvanceMe, Inc. Breaks Ground On New Corporate Headquarters More Than 300 Financial Service Jobs Expected |
atlanta (October 11, 2007) –AdvanceMe, Inc. (AMI), the nation's leading provider of Merchant Cash Advances for small and mid-sized businesses, today broke ground for its new corporate headquarters in Cobb County, Georgia. The 75,000 square foot building can accommodate AdvanceMe's 300-plus employees, with additional room for expected expansion. The state-of-the-art facility will be the county's largest new non-medical construction project of 2007. Groundbreaking The new building will be located at Barrett Business Center 500, 2015 Vaughn Road in Kennesaw, Georgia. On site today for the groundbreaking ceremony were executives from AdvanceMe along with key partners involved in the project. Glenn Goldman, CEO of Capital Access Network, parent company of AdvanceMe said, “Cobb County is a great location for businesses such as ours. We are proud to expand our operations here and contribute to the growing metro-Atlanta economy.” Goldman continues: “The groundbreaking is an exciting moment for AdvanceMe. Our company has seen tremendous growth over the past several years. This facility will enhance our already significant infrastructure so that we can continue to surpass the expectations of our employees, customers and partners locally and across the country.” Designed for Efficiency Also present for today's ceremonies will be representatives from the company's real estate company, Grubb & Ellis Company, along with the developer, Pope & Land. “The new AdvanceMe facility is very attractive for several reasons, but primarily because it is highly efficient from a space utilization standpoint,” said Harrison Morris, vice president for Grubb & Ellis. “Projects that reduce overall facility costs while increasing employee capacity are beneficial to everyone.” Significant Local Employer As one of the area's largest privately-held companies, AdvanceMe has created hundreds of financial service industry positions since its 1998 inception. The company's decision to expand operations in Kennesaw is a testament to the opportunities the locale provides including a desirable work force, shorter commute times, housing options and convenient access to services for its employees. A Record Year of Growth As the industry pioneer, AdvanceMe has proven that Merchant Cash Advances are an effective working capital alternative for underserved small businesses. AdvanceMe is experiencing a pinnacle year and fast approaching a significant company milestone: almost one billion dollars of capital will soon be provided to small and mid-sized businesses. Recent quarter over quarter sales increased 50 percent, resulting in the addition of a new customer care center in Rome, Georgia earlier this summer. One reason for such remarkable growth development an extremely successful industry partnership program resulting in relationships with some of the top processing companies including First Data, TSYS, Payment Processing, Inc., and First American Payment Systems. AdvanceMe gained national recognition for its outstanding IT infrastructure as the 2007 recipient of the American Business Awards “Stevie” for Best MIS/IT Organization. AdvanceMe is a strong supporter of local organizations, and was named Devereux Georgia's 2007 Community Partner of the Year. The company has also taken a leadership position within the Merchant Cash Advance industry by issuing a white paper outlining key standards and best practices that responsible MCA providers should follow. The new building is scheduled to open in October, 2008.
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