As the U.S. economy improves, it is not uncommon for businesses to look for the capital to expand. To support these businesses, Merchant Cash and Capital (MCC) created a connected online marketplace called Bizfi to help SMBs compare funding options from different sources of capital and get funded quickly.
With Bizfi, business owners can find out how much funding they qualify for. In fact, Bizfi’s multiple funding partners enable business owners to instantly view several options from companies that are willing to provide financing. Plus, the marketplace’s account management tool enables business owners to directly submit all documents needed for funding, track repayment and request additional funding. Bizfi also assigns a trained funding professional to each business for assistance.
“Having worked in the alternative funding space for more than a decade, we listened to our clients' and partners' feedback to create a technology solution that provides funding options to small businesses faster and easier than ever before,” said Stephen Sheinbaum, who founded Merchant Cash and Capital 10 years ago and also founded Bizfi. “Akin to traditional consumer loan aggregators, Bizfi provides small business owners, franchisees, and entrepreneurs access to billions of dollars from multiple sources to find the right product that works for their specific needs.”
Sheinbaum also notes that since Bizfi securely automates the process of finding financing, it essentially provides small businesses with a one-stop-shop for obtaining capital to grow.