Legitimate Merchant Cash Advance Service Providers
Is the Merchant Cash Advance service provider you’re speaking with a reputable source? If you’re dealing with them over the phone or through the internet, it can be tough to tell. That’s about to change, thanks to the Merchant Processing Resource (MPR).
MPR has been a dedicated information hub for the Merchant Cash Advance (MCA) industry since August, 2010. In an era where it has been tough to discern the direct funding sources from third parties, MPR created transparency with the publication of an official directory. This directory includes only the largest direct providers of MCA and as of February, 2012, it includes 32 firms.
As annual funding volume approaches the $1 billion mark, hundreds of new Independent Sales Offices (ISOs) are flooding the market as resellers. Online search results reveal that there are literally thousands of websites, individuals, companies, and inquiry forms offering MCA financing. Some of the major resellers are larger than the direct funding sources themselves and yet they don’t get the recognition of being listed in the official directory.
MPR has crafted a solution by vetting ISOs, Super ISOs, and third parties to be part of an approved network of MCA service providers. Details of the vetting process have not yet been revealed but our sources tell us that it will effectively weed out entities operating outside the U.S. The network will be visible on MPRs main website and approved parties will receive an official web emblem. This will certainly help small business owners make choices when shopping for capital. We look forward to the official release.
Publisher: Raharney Capital, LLC