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6,000th Restaurant Funded with a Merchant Cash Advance, Reports AMI
Milestone Signals Alternative to Restaurant Financing Continues to Grow Strong
ATLANTA (May 15, 2005) –Restaurant financing and alternatives to traditional financing are continuing to demonstrate strong growth reports AdvanceMe, Inc., the nation’s leading provider of working capital for restaurants and other small to medium-sized businesses. As evidence of the growth, the company reported today that it has provided working capital to its 6,000th restaurant.
“Restaurant financing is a significant part of our business base.” said Glenn Goldman, Chief Executive Officer. “Unlike traditional banks, AdvanceMe, Inc. understands the restaurant industry and its financing needs. We make it easy for restaurateurs to work with us because of our simple, no fee application and our quick turnaround times.”
AdvanceMe, Inc.’s Merchant Cash Advance is an alternative to traditional restaurant financing solutions. It provides a more favorable approach to underwriting restaurants than those provided by traditional banks and financial institutions. As a result, AdvanceMe, Inc. has provided restaurants with more than $292 million in working capital since the company’s inception in 1998. With double digit growth since 1998, AdvanceMe, Inc. supports thousands of customers each month.
For more information about AdvanceMe, Inc. and our innovative restaurant financing solution: the Merchant Cash Advance, as well as other working capital solutions for the foodservice industry, please visit our website: www.AdvanceMe.com.
About AdvanceMe, Inc.
AdvanceMe, Inc. in Kennesaw, GA is the nation’s leading provider of Merchant Cash Advances to small and mid-sized businesses. Since 1998, AdvanceMe has made more than 40,000 advances, providing almost 20,000 business owners in all 50 states with close to $1 Billion dollars in working capital. Owners use AdvanceMe 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 AdvanceMe’s innovative working capital solution,
call toll-free 1-866-700-6486 or visit www.AdvanceMe.com.
About Capital Access Network
Capital Access Network, Inc. (CAN) serves the small business market through its wholly owned subsidiaries. CAN is engaged in the business of generating and maintaining high yielding short-term assets by leveraging leading edge data, systems and technology that is married to a unique, highly effective collection methodology. Founded in 1998, CAN currently employs 300 people in five main locations in New York, Georgia, Massachusetts, Minnesota and Costa Rica.
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