American Finance Solutions Reports 60% Surge In Revenue

| July 31, 2012 | 0 Comments

ANAHEIM, Calif., July 31, 2012 /PRNewswire/ — American Finance Solutions (AFS), one of the fastest growing merchant cash advance companies for small- and mid-sized businesses, announced today a record year of growth, marked by a surge in revenue of 60 percent.  The company has also invested heavily in the future with a 70 percent increase in headcount.  To date, the company has advanced tens of millions of dollars to more than 5,000 retailers, restaurants and other service-based merchants for necessary business expenses such as expansions, repairs and increased inventory.

(Logo:  http://photos.prnewswire.com/prnh/20120731/LA49154LOGO)

Small business lending increased by 18 percent in the past year, according to the Thomson Reuters/PayNet Small Business Lending Index.  While accelerated demand for funding has been the company’s key growth driver as small business growth continues to rebound, AFS has grown faster than the industry average.  AFS has proven itself as a key financial resource for small businesses often overlooked by traditional banks, which often only examine assets and personal credit scores.  AFS applies a holistic approach to determine the funding amount, based on a small business’s overall health.  Using its proprietary pricing and risk algorithm, AFS creates custom-tailored, low-risk funding programs for each merchant.

“Our growth has stemmed from our unique ‘white glove’ customer service and transparent counsel for merchants,” said Scott Griest, chief executive officer, American Finance Solutions.  “AFS provides a key solution to small businesses that cannot secure a traditional loan.  We place a laser focus on promoting the long-term financial health of the merchant, working closely with them throughout the funding relationship.”

The company was founded with the goal of offering a sustainable source of capital for merchants.  AFS purchases a merchant’s future credit card transactions and advances a set amount of capital to the merchant.  Cash advances range from $10,000 to $500,000.  Merchants can pre-qualify within 24 hours and receive an advance within five days.

About American Finance Solutions
American Finance Solutions (AFS) in Anaheim, CA is a top provider of merchant cash advances to small- and mid-sized businesses. Since 2006, AFS has made over 5,000 fundings, providing business owners in all 50 states with working capital. Business owners in the restaurant, retail and other service-based industries use AFS capital to renovate, purchase new equipment and supplies, fund marketing campaigns, and manage unexpected or seasonal expenses.  For more information about American Finance Solution’s innovative working capital solution, call toll-free 1-800-760-5516 or visit www.AmericanFinanceSolutions.com.

Filed Under: Credit Card News

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