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  1. #1
    A forum user Reputation points: 2147483647 Sean Cash's Avatar
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    12 Merchant Cash Advance Companies Join Together For Charity

    http://finance.yahoo.com/news/twelve...172200257.html

    NEW YORK, Sept. 26, 2012 /PRNewswire/ -- Twelve major players that operate within the merchant cash advance and microloan space are giving back while having fun. The merchant cash advance industry fantasy football league made its first debut this year and the prize is a charitable donation. Though many of the participants are competitors, they reached a quick consensus to do together what each company does best individually and that's to help strengthen communities.

    Sean Murray, CEO of Raharney Capital, LLC and operator of Merchant Processing Resource is a league co-founder. According to Murray, "Each participant has chosen a registered 501(c) charity to represent. At the end of the season, the league will make a large cash donation to the winning team's selected charity. The initial prize was $500 courtesy of Raharney Capital but the league participants were quick to offer a massive amount of additional support. At last count, $5,850 had been pledged to the prize altogether." Murray continued, "The participants in this league already help provide much needed capital to small businesses in a time when bank lending is scarce. We all want to continue reaching out to communities in as many ways as we can. This charitable fantasy football competition is just the beginning of a much more comprehensive cooperative movement down the road."

    Below is a list of the participants, the charity they are competing for, and their pledge to the prize donation:

    Raharney Capital, LLC – Network For Teaching Entrepreneurship - $500 initial pledge
    Merchant Cash Group (league co-founder) – Kiva - $500 pledge
    Rapid Capital Funding – Epilepsy Foundation - $1,000 pledge
    Financial Advantage Group – St. Vincent De Paul - $500 pledge
    RapidAdvance – Cystic Fibrosis Foundation – $500 pledge
    Sure Payment Solutions – ALS Association - $500 pledge
    Meridian Leads – 100 Urban Entrepreneurs - $500 pledge
    Merchant Cash and Capital – Gift of Life Bone Marrow Foundation on Behalf of the Silver Project Initiative - $500 pledge
    NVMS, Inc. – The Missionaries of Our Lady of Mercy – $500 pledge
    United Capital Source – Smile Train – $500 pledge
    Swift Capital – American Heart Association - $250 pledge
    TakeCharge Capital – Distressed Children & Infants International – $100 pledge

    The winner will be announced in late December or early January with the donation to immediately follow. For questions about this competition or to make your own pledge to increase the prize, please contact sean@raharneycapital.com or heather@merchantcashgroup.com.

    $5,850 has been pledged as of the date of this release. The above listed charities have not endorsed this competition and use of their names does not infer acknowledgment or support by them individually or collectively. Any party interested in making a donation should contact the individual organizations directly.
    Last edited by Sean Cash; 09-28-2012 at 11:19 AM.

  2. #2
    Administrator Reputation points: 55342 admin's Avatar
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    More about the companies and the charities here: http://www.merchantprocessingresourc...p-for-charity/

  3. #3
    is it too late to get in on this ? this is pretty interesting PR

  4. #4
    A couple of great clients of ours are on this list. I applaud them for coming out in support of charities!!

  5. #5
    A forum user Reputation points: 2147483647 Sean Cash's Avatar
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    A few more have contributed to the total pot. Thanks to Capital Stack, Paramount Merchant Funding, Strategic Funding Source, and Entrust Merchant Solutions.

    http://www.merchantprocessingresourc...r-for-charity/

  6. #6
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    Good job! I appreciate it and special thanks to all participants.



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