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The Gift Association of America Chooses AMI as Partner for Small Business Financing Alternative
Merchant Cash Advance Leader to Bring Easy Access to Working Capital
ATLANTA (October 15, 2005) –AdvanceMe, Inc. (AMI), one of the leading alternative providers of working capital for small and mid-sized businesses, and The Gift Association of America (GAA) have announced a strategic business alliance that will give small to mid-sized businesses access to millions of dollars of AMI funding.
AMI provides funding to small and mid-sized businesses that accept credit cards –merchants, retailers, franchisees, restaurants and others. AMI is able to quickly and easily fund these businesses with working capital by purchasing their future credit card sales. AMI then retrieves its purchases through an automated collection process, generally within 12 months. There is no fixed monthly payment, no monthly check to write - AMI gets paid only when a credit card transaction is processed, helping small businesses better manage their cash flow.
“Our network of business owners will be very excited about this unique working capital product,” said Michael Russo, President of the GAA. “Small business owners often have trouble accessing financing through traditional means. AMI is a leader in this business with substantial resources that will support the GAA’s vision of becoming a full-service provider of information and resources, including funding. We selected AMI because it has demonstrated a true dedication to serving this market segment in a manner that will promote long term relationships and growth,” Russo said.
“We are pleased to have been chosen by the Gift Association of America, and are excited about the opportunity to support their customer base,” said Glenn Goldman, Chief Executive Officer of AMI. “This partnership is a natural fit for our organizations. Both the GAA and AMI are dedicated to helping small business owners successfully grow their businesses. AMI has a unique financing model designed to provide the working capital these businesses need to take advantage of new opportunities, manage unexpected expenses and build their businesses. The fact that the GAA appreciates the benefits of this alternative funding source highlights its understanding of this marketplace and how to best serve it,” he added.
For more information about GAAstrategic partnership with AMI call 1-888-700-8181 Ext. 209 or visit us at www.AMIGAA.com.
About the Gift Association of America
Founded in 1952, The Gift Association of America is the oldest and largest trade association comprised of retail stores, wholesalers, sales representatives, and industry affiliates in the gift industry. Established primarily to provide a forum of interest to the gift industry, The Gift Association of America focuses on improving services to the general public by strengthening the educational programs and benefits that it offers to the industry. The Gift Association of America aspires to increase business efficiency by keeping abreast of the newest methods of business operation and sharing that information with members through seminars, newsletters, and the association web site.
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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