Retailers Can Get Cash Fast From MPS Financial

MADISON HEIGHTS, MI--(Marketwire - March 31, 2009) - Retailers that need cash to grow can now get it quickly and conveniently from MPS Financial. With banks cutting back, MPS can help small-business owners succeed.

Under its cash-advance program, a percentage of future MasterCard and Visa receipts is used to pay back the money. MPS Financial represents many funders and identifies the one that's the best fit for the business.

The minimum amount is $15,000 and the maximum is $250,000. Most funds are issued within about 10 days. The note is a fixed amount, so interest doesn't accrue.

"If your business booms, you'll pay the note back sooner. If your business declines, it takes longer, but the cost is the same," said James P. Agnello, president of MPS Financial in Madison Heights, Mich., which does business nationally.

Just about any retail business that takes credit cards is a good candidate.

"They're the businesses you'll find in strip malls everywhere," Agnello said. They include restaurants, motels, nightclubs, bars, convenience stores, jewelry stores, drugstores, salons, spas, carwashes, liquor stores, party stores and other merchants that want to remodel, add inventory, advertise or pay vendors.

Keep Your Credit-Card Processor

Other credit-card funding programs are offered directly by funders. They usually require the business to change its credit-card processor, which can be expensive.

Because MPS Financial is a broker working with multiple funders, it doesn't require customers to change their processor.

Documentation is minimal. The business owner just needs to provide the four most recent MasterCard and Visa statements. The owner doesn't put up a personal guarantee.

Agnello says he's seeing an upsurge of interest as banks pull back on lending, even to established customers.

But some business owners are hesitant because of the sour economy.

"It's understandable that people are cautious, but getting the right funding can help merchants take advantage of today's opportunities and leapfrog the competition," Agnello says.

MPS Financial has obtained funding for customers in every part of the country. The typical amount is between $15,000 and $50,000.

More information is available at www.mpscash.com or by calling 800-499-3949 from 10a.m. to 9 p.m. Eastern Time weekdays or emailing info@mpscash.com.

Contact Information: Media contacts: Henry Stimpson Stimpson Communications 508-647-0705 Henry@StimpsonCommunications.com Jim Agnello MPS Financial 248 583-8070 Jagnello@MPSCash.com