Longmeadow, MA (PressExposure) November 10, 2008 -- MasterPlan Capital LLC, a premier commercial mortgage lender, announced today that it will now offer merchant cash advances to businesses that accept credit cards as a form of payment.
Since its inception, MasterPlan has provided private and institutionally funded commercial mortgage loans, equity financing, investment banking and asset management services to commercial real estate investors. Now they are expanding their funding options to include merchant cash advance financing.
A merchant cash advance is very different from other, traditional forms of real estate or business financing. A merchant cash advance is not a loan but a cash payment against future credit card revenues.
Based on a quick analysis of a credit card merchant's recent sales history, MasterPlan will offer to purchase a portion of the company's future credit card revenues. Unlike a loan there is no set repayment schedule or time table; the advance will be repaid from credit card receipts that will materialize in the future.
MasterPlan will continue to be a leader in commercial real estate finance and investment. Commercial mortgage loans and other real estate financing will remain the firm's mainstay business line. However, in this tight credit environment a merchant cash advance can be a valuable alternative to borrowing. Business owners like the fact that there are no restrictions on the use of the proceeds of a cash advance and they also appreciate how fast MasterPlan can issue even very large cash advances. The company can approve merchants for a cash advance in 72 hours and get business owners up to $2,000,000.00 in less than 2 weeks.