Irvine, CA – Genesis Commercial Capital, an Irvine based equipment financing and leasing firm that provides small business with the help they need in equipment leasing has recently announced the expansion of their business. Genesis Commercial Capital has opened a division that will focus exclusively on Merchant Cash Advances for retail oriented businesses. The recent economic times have seen local banks discontinue this service to many businesses. Genesis recognized an opportunity to further help small businesses grow by providing the cash infusions retail companies need for working capital, expansions, human resources, equipment, building improvements, and a variety of other cash based needs.
“The Genesis Merchant Cash Advances product we are offering represents a lateral move for our company into a space in which we are already familiar with the customer base and have had a positive portfolio performance with in the past,” said company spokesman Rick Bannister.
Merchant cash advances are an excellent way of receiving up to $150,000 of funding within a very short time period. The amount of paperwork is limited and due to the shorter payback period, Genesis MCA is able to help businesses with virtually all types of credit profiles including those who are typically blackballed by traditional financing sources such as restaurants.
This innovative funding program is designed to help businesses meet their financial needs without pledging collateral beyond their financial means. The money the Genesis MCA client receives is a business cash advance against future sales. To qualify the retail establishment must have been in business for at least 60 days, have $5,000 in credit card sales per month and meet a few other simple requirements. Approximately 85-90% of applicants will qualify for an advance under the Genesis MCA program.
“We are excited about this space and the opportunity to help more American small business owners find success in a constantly changing economic landscape”, said Rick Bannister. “The retail markets need funding and this allows them to capitalize on an injection of funding that was previously very difficult to obtain.”
Eric T. Sidebotham
GeNESIS CAPITAL LEASING
17551 Gillette Avenue
Irvine, CA 92614
Phone: 800-531-0371 x501
With headquarters in Irvine, California, GeNESIS Capital Leasing was founded in 2000 by industry leaders who together have nearly 50 years of experience in the banking and finance industries.
Genesis specializes in providing equipment financing and leasing to small and medium-sized companies across the country. Our business philosophy is built on the relentless pursuit of Innovation, Integrity, and Results.
What sets Genesis apart is the ability to go beyond credit approvals and lease agreements to develop real-world solutions for businesses in a broad range of industries.
Through varied programs and services, Genesis strives to anticipate needs and suggest unique solutions that help clients pursue their corporate objectives.