Merchant Cash and Capital, one of the nation’s leading alternative finance companies, has formed a strategic partnership with the New York State Restaurant Association (NYSRA), the largest trade association in New York and the official voice of the more than 50,000 restaurants in New York.
Through this partnership, Merchant Cash and Capital will offer New York State Restaurant Association members exclusive benefits for their restaurants.
“Restaurants have funding needs that are often not met by traditional funders,” says Stephen Sheinbaum, founder of Merchant Cash and Capital. “We have provided more than $800 million to businesses since 2005, many of which have been restaurants, and we have gotten the funding into their bank accounts in days, not weeks. We are happy to give some new options to NYSRA members that can meet their needs quickly and affordably.”
“The New York State Restaurant Association offers our members the tools they need to gain the competitive edge,” says Melissa Autilio Fleischut, president and CEO of the New York State Restaurant Association. “Restaurateurs need a fast and effective way to obtain financing in order to grow their restaurant. Merchant Cash and Capital can offer our members options for financing and repayment that best fits their business.”
Merchant Cash and Capital operates a proprietary online funding system that helps businesses to see within a matter of minutes how much funding they could receive. In many cases, funding will be available within one business day.