SWIFT CAPITAL TO HELP SMALL BUSINESSES IMPACTED BY HURRICANE IRENE
Swift Capital implements 24hr turn around for credit decisions to expedite getting working capital into the hands of small business owners
WILMINGTON — (BUSINESS WIRE) – In response to increased requests from small business owners, Swift Capital, one of the leading providers of working capital to small businesses, announced today that effective immediately they are offering to make credit decisions within 24 hours to businesses that have been impacted by Hurricane Irene. “While banks are offering to waive fees and make other minor concessions, we are offering small business owners a hand up with quick access to advances up to $100,000,” said Ed Harycki, founder and CEO of Swift Capital. “Through September 16th we will shorten the credit decision process for our merchant cash advance product – so that businesses can quickly get access to the capital they desperately need now.”
Swift Capital provides working capital through its merchant cash advance products at significantly lower pricing than established providers. Merchant cash advances are designed for the unique needs of small businesses that accept credit cards, and are typically used by restaurants, retail stores, hotels and other service providers. A merchant cash advance is an exchange of upfront cash provided to a business in return for the right to receive an agreed upon percentage of future credit and debit card sales. Advances range from $5,000 to $200,000, and can generally be used for any business purpose. “This type of funding product provides a lot of flexibility to small businesses, as repayment is aligned with the day-to-day business revenue, and does not burden the small business owner like traditional loans with fixed monthly payments,” continued Mr. Harycki. Swift also provides a business cash advance product for small businesses that don’t accept credit cards.
Impacted, but still open and operating business owners can call 1-877-216-0694 or visit www.swiftcapital.com to start the process. Please mention your need for an expedited decision.
About Swift Capital
Swift Capital is one of the nation’s leading providers of working capital solutions to small businesses. Since 2007, Swift Capital has provided over $250 million in working capital through lines of credit and merchant cash advances to over 10,000 businesses in all 50 states. Swift Capital promotes fair and transparent pricing, fast decisions and funding, and there are no collateral or personal guarantee requirements. Swift Capital also supports numerous partnership programs to expand access to business funding. To learn more about Swift Capital’s business funding products and get a free, no obligation instant quote call 1-888-923-0007 or visit swiftcapital.com.
Ed Harycki, 302-374-7001
Source: Swift Capital
View this news release online at: http://www.businesswire.com/news/home/20110901006492/en/Swift-Capital-Responds-Small-Businesses-Impacted-Hurricane