AdvanceMe Brings Cash to Texas Businesses

September 26, 2006; 02:52 AM
AdvanceMe, Inc. (AMI), the nation's leading provider of Merchant Cash Advances for small and mid-sized businesses, today announced it has opened a new office in the Las Colinas business district. Merchant Cash Advances provide businesses with working capital quickly and easily. AMI's collection of its purchased receivables aligns with credit card sales and is completed seamlessly via their credit card processing. The amount provided is based on the merchant's future credit card sales. With the addition of the Dallas/Ft. Worth office, businesses in the area needing working capital will have access to local consultants that can inform businesses of this additional funding option.

Luke Schmille, Regional Vice President, and Louis Rubin, Regional Sales Manager-MidSouth, are charged with serving customers while developing partnerships within the local communities. Schmille brings more than 18 years experience in merchant services from his work with First Data and Equifax in their Western divisions. As a lifetime Dallas resident, Rubin brings more than 12 years of experience in payment processing after working with Equifax, First Data/TelCheck and Global Payments.

The Dallas/Ft. Worth market was chosen as a priority market due to its concentration of retail businesses, including restaurants, health-related facilities, salon/beauty businesses and automotive shops, all of which are ideal candidates for Merchant Cash Advances. Additionally, it represents one of the few markets in the country with close proximity to other major metropolitan areas and has a strong network of chambers and business assistance organizations serving the community.

"Much like our hometown Atlanta, the Dallas/Ft. Worth area is a progressive business community with an entrepreneurial spirit that often needs access to working capital for expansion or to sustain a business during challenging times," explains Glenn Goldman, Chief Executive Officer of Capital Access Network, parent company of AMI. "We have more than $300 million in capital available to help small businesses. We are eager to develop long-standing relationships with the Dallas/Ft. Worth small business community, chambers and small business assistance organizations and to prove our ability to serve the community as true partners," he concludes.

Local Dallas business owner Cliff Prescott, President of Fat Towels, regularly uses AdvanceMe's services and advises that any small business owner in need of funding evaluate the Merchant Cash Advance funding option. "I have used AdvanceMe on several occasions to prepare for tradeshows and to stock-up for the holiday season," notes Prescott. "There are certain times when a bank loan is the right way to go, but it is often easier and faster to obtain a Merchant Cash Advance," continues Prescott. "I look forward to using AdvanceMe for my future working capital needs."

AMI's sales force is a combination of business consultants employed by the company and independent sales organizations (ISOs) providing financial solutions to local retailers across the country. Located in Granite Plaza within the prominent Las Colinas area, AMI Dallas/Ft. Worth currently employs four sales representatives and an office manager in addition to Schmille and Rubin. A ribbon cutting ceremony with the Greater Dallas Chamber of Commerce, Irving Chamber of Commerce and Ft. Worth Chamber of Commerce will be held on October 26, 2006 at Noon.

About AdvanceMe

AdvanceMe, Inc. in Kennesaw, GA, is the nation's leading provider of Merchant Cash Advances to small and mid-sized businesses. Since 1998, AdvanceMe has made more than 30,000 advances, providing in excess of 14,000 business owners in all 50 states with more than half a billion dollars in working capital. Owners use AdvanceMe capital to renovate, purchase new equipment and supplies, fund advertising, manage unexpected expenses and seasonal downturns and free themselves from second mortgage liens and personal guarantees associated with loans. For more information about using or selling AdvanceMe's innovative working capital solution, call toll-free 1-877-TX-BIZ-FUnding (1-877-892-4938), locally at 972-409-0380 or visit www.TXBizFunding.com.