08/10/2011 (press release: chellefrancis) // Brooklyn, NY, USA // Advance Funds Network
Athletic manufacturing company NCI Vinyl and Canvas obtained a merchant cash advance from Advance Funds Network (AFN), giving them the financing they needed to move to a larger facility.
NCI Vinyl and Canvas custom manufactures indoor and outdoor athletic facility material to enhance safety, space management and equipment protection. The New York-based company offers a wide range of products including stadium padding, batting cages and field tarps to customers nationwide.
The company contacted AFN to explore options for their growing business in athletic facility material manufacturing. AFN offers merchant cash advances and small business loans for small business owners who need quick access to capital to grow their business. AFN guarantees the loan is processed within 48 hours and requires no credit check to qualify for financing. AFN provides an alternative lending solution to traditional bank financing, helping meet the immediate needs of small business owners. The company funded more than $40 million in 2010.
“The funds from Advance Funds Network allowed us to increase our manufacturing capacity and product line. With AFN’s help, we were able to seamlessly build out and move into our new facility without interruption to our valued customers,” said Andrew Schnappauf, Partner with NCI Vinyl and Canvas. “AFN’s professionalism and commitment to their clients is second to none and I look forward to working with them in the future.”
The funds allowed NCI Vinyl and Canvas to move into a new facility three times larger than the size of their former location. The funding does not require AFN clients like NCI Vinyl and Canvas to pay collateral, nor does it impact their ability to qualify for other forms of financing in the future.
For more information on Advanced Funds Network visit www.advancefundsnetwork.com or call toll-free at 888-645-6395.
About Advance Funds Network
Since 2007, Advance Funds Network has been offering financing to small and medium-sized businesses nationwide. They offer unsecured business lines of credit, business cash advances, fast merchant cash advances and small business loans. The company provides customized funding programs to clients seeking financial assistance. By converting client’s future sales into immediate capital, Advance Funds Network extends their lending services to businesses based on monthly revenues and mutually-agreed payback, providing simple and quick financing solutions. Advance Funds Network financial services were voted “Best-In-Class-2010.”
###
