Genesis Commercial Capital Opens Up New Financial Division

New Merchant Cash Advances Division Opens up At Genesis Commercial Capital. End Quote

(1888PressRelease) February 22, 2011 - 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."

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