About

Allstate Merchant Services
40 Rector St, 11th Fl.
New York, NY 10006
Tel: 866.541.8472
www.allstatemerchants.com
Email: contact@allstatemerchants.com

$50,000,000 in 2010. "While the economy has been less than friendly in 2009, next year looks very promising for AMS the economy and our customers nationwide" NYC's Allstate Merchant Services announced

In the new year comes AMS will continue to expand on the financing needs of small and mid sized businesses we service. Working capital, cash advances, factoring and other non traditional financing options of up to $500,000 per location will be offered to all merchants which have an account with Allstate Merchant Services. The total anticipated dollar amount to be funded in 2010 if $50,000,000. The company is currently working with other lenders in hopes of expanding the amount of money it can fund to its customers.

In the recent years, AMS has provided directly and through affiliates millions of dollars in working capital. Cash Advances funded hundreds of businesses for expansion and helped through the tough economic times of today. In many cases AMS was able to deliver when traditional financing failed.

The advance rates in many cases are higher while the lenders take more risk. The requirements are far less stringent and more flexible to the borrower. In many case there are no personal guarantees and very little recourse for the lending institution. For the most part all a merchant needs is an ongoing business that accepts credit cards, a minimum of 8 batches per month and a credit score of 500 or better. The money is to be used as the merchant sees fit and paid back daily based on a negotiated percentage of daily credit card sales.

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AMS will even privately fund and finance MerchantCMS. MerchantCMS a discounted alternative to an expensive custom website. MerchantCMS enables website owners to make dynamic changes on the fly. AMS has introduced MerchantCMS earlier this year and has had a great response from all participants involved in the testing of the product.

Merchants with ZERO programming, design and technical knowledge can easily make changes and modify all web content on their site. If a person can use Microsoft Word, our CMS solution is a piece of cake said a spokesperson for Allstate Merchant Services.

While the overall economic state of the country continues to struggle, Allstate Merchant Services is delivering solutions and alternatives for discounted merchant services, working capital and marketing solutions. The management of AMS is obviously betting on a economic rebound and is attempting to position itself as a market leader and a top rated merchant service provider.