Citi Wide Merchant Funding Closes Banner Year Provides Record Number Of Small Business Loans - WDAM.COM - TV 7 - News, Weather and Sports

This article was originally distributed via PRWeb. PRWeb, WorldNow and this Site make no warranties or representations in connection therewith.

SOURCE: Citi Wide Merchant Funding

Closes 2012 With Record Growth of Express Business Loan Program

Accelerated Growth Forecast For Business Loans In 2013 (PRWEB) January 16, 2013

Citi Wide Merchant Funding is proud to announce record growth the year 2012. The introduction
of new small business loan and financing programs coupled with new technology has allowed Citi Wide to provide over $20MM in funding. The introduction of the Express Business Loan program along with our automated online application process has allowed small business owners to access working capital in one business day without the arduous application process.
“Growth this year occurred by expanding our presence in non-traditional industries specifically furniture retail stores and vacation resorts who have unique cash flow needs” says Michael Martin, Vice President of Business Development.

Looking to the future Citi Wide Merchant Funding believes that the amount funded to small businesses will double in the coming year as the economy maintains its steady recovery. Mr. Martin believes that “by expanding our offerings into new industries and niches we can find growth and strengthen our current client base, we are very excited moving into 2013.” Citi Wide is able to provide business financing to applicants with a wide range of credit scores. "One of the top questions we receive is 'how can I get a business loan with bad credit?' and the reality is that our underwriting is focused on a cash flow management and revenue not personal credit". The Express Business Loan program has been key to many small business owners.

About Citi Wide Merchant Funding
Amityville, New York based Citi Wide Merchant Funding, INC is a provider of small business financing to small and mid-sized businesses across the United States. Our programs are individualized to the capital needs of each business. Since 2007 Citi Wide has funded millions of dollars to small business nationwide. Our programs have been featured in Entrepreneur Magazine and TheStreet.Com. To learn more about our small business financing programs visit https://citiwidemerchantfunding.com or call (855)400-3863.

For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2013/1/prweb10326439.htm