Merchant Cash Advance Company Review

Company Profile

CFG Merchant Solutions (CFGMS) is a privately owned and operated specialty finance and alternative funding provider. They focus on providing capital access to small and mid-sized businesses in the U.S. that have historically been underserved by traditional financing sources. Businesses who may have experienced challenges obtaining timely financing are their customers, and they look forward to serving their working capital needs.

CFGMS was launched and founded in 2015. They opened their NYC corporate headquarters in 2018, and by 2019, they crossed $20MM in monthly funding volumes. By 2020, they had funded $1 Billion since inception, and in 2022, they opened office locations in NJ & VA.

Products & Services

CFGMS offers custom funding solutions to businesses. They are direct funders that care about business objectives, and work with businesses to formulate custom capital programs. They use proprietary analytics technology, along with common sense underwriting to provide fast and efficient access to capital. They value their client relationships, and seek to provide the fast and flexible capital that business operators need.

CFGMS services small to medium-sized businesses that intend to use working capital proceeds in order to grow or operate their business. Whether a business is looking to purchase inventory or equipment, bridge seasonality, support expansion, or invest in marketing and advertising, CFGMS can cater a working capital solution that meets a company’s specific needs and objectives.

Pros and Cons

Pros:
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1. They provide custom funding solutions tailored to the needs of the business.
2. They have a fast and efficient process for providing access to capital.
3. They service small to medium-sized businesses, a segment often underserved by traditional financing sources.
4. They have a strong focus on client relationships.
5. They have a track record of significant funding volumes.
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Cons:
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1. The website does not provide detailed information about the terms and conditions of their funding solutions.
2. There is no clear information about the industries they specialize in.
3. The website does not provide information about the states they operate in or any state restrictions.
4. There is no clear information about the basic qualifications required to receive funding.
5. The website does not provide information about the type of collateral or guarantees required for their products.

Ideal Customer

CFGMS services small to medium-sized businesses that intend to use working capital proceeds in order to grow or operate their business. This includes businesses looking to purchase inventory or equipment, bridge seasonality, support expansion, or invest in marketing and advertising.

Required Documentation

The specific documentation required for funding was not mentioned in the extracted content.

Industries and Restrictions

The specific industries the company works with and any industry restrictions were not mentioned in the extracted content.

State of Operations

The company provides a list of states in their application form, suggesting they operate in these states. However, specific states that are restricted were not mentioned in the extracted content.

Basic Qualifications

The basic qualifications required to receive funding were not mentioned in the extracted content.

Collateral or Guarantees

Information regarding the type of collateral or guarantees required for the company's products was not mentioned in the extracted content.

Alternatives

Alternative options to using CFG Merchant Solutions were not mentioned in the extracted content.