Stephen Sheinbaum is the founder, CEO and President of Merchant Cash & Capital Stephen Sheinbaum, CEO and President of Merchant Cash & Capital (MCC), of New York founded MCC in 2005 and has led the company to provide $500 million in loans of some 25,000 cash advances to approximately 12,500 customers so far. The company employees 100 people in New York, but provides advances to clients throughout all 50 contiguous U.S. states.Vast majority of small businesses have trouble obtaining working capital from traditional financing sources. At Merchant Cash and Capital, we offer alternative financing options that offer fast cash to businesses to pay bills, renovate, advertise, expand, pay taxes and more. It’s important for all business owners to be aware of alternative financing sources, especially in great times of need. MCC has grown from a single employee entity doing three transactions a month to over 100 employees and funding over 500 million since inception. Prior to forming MCC, Mr. Sheinbaum practiced law for 18 years. His practice involved commercial litigation, transactional work and advising on general business matters. His clients included, among others, ISOs, processors and restaurant owners, as well as a variety of publicly and privately held businesses in the payments processing arena. His diverse background and experience provide him with deep insight into all facets of the company’s operations. Since inception, MCC has provided capital to more than 12,500 unique businesses across the United States through the purchase of future credit card receipts and/or bank deposits. MCC has successfully helped these businesses grow, meet payroll, purchase new equipment and inventory, pay taxes, and much more. A cash advance from MCC has no hidden fees, no personal guarantees, no collateral, and can be funded in a matter of days. MCC provides financing to small and mid-sized businesses that are unable to obtain traditional financing for a variety of reasons, such as less than perfect credit, seeking a lower amount than required for traditional financing, lack of collateral, or businesses in existence for less time than traditional sources require. Business owners nationwide face many challenges when it comes to securing financing, cutting costs, and finding creative ways to grow and succeed. Here are some tips that business owners can take advantage of to give them the edge they need to stay above the competition. 1) What documents are required for applying? Applying for a merchant cash advance is fast and simple. A business owner needs to provide three months most recent bank statements and/or three months most recent credit card processing statements, copy of driver’s license, copy of voided check and a signed and completed MCC application. Upon approval, a business owner could receive funds in as little as 72 hours. 2) Choosing the right finance partner Before committing to any finance partner when searching for capital, make sure to research different companies and explore all options. Some sources that are helpful for this are the Better Business Bureau, Alexa Rankings, topcreditcardprocessors.com or even just a Google search. Make sure the company has a good reputation, check out its reviews and testimonials and make sure there are no hidden fees. Avoid the brokers and work directly with the funder. 3) Business financial freedom Whether your business is in need of financing for inventory, payroll, renovations, expanding to a new location, purchasing new or used equipment, or outstanding debt, Merchant Cash Advances can meet all of your business financing needs.