Recently, Merchant Solutions Group CEO Billy Morrissey announced the launch of Liberty Merchant Group at a celebration that took place at AVENUE in Chelsea, where guests enjoyed cocktails and a variety of small bites. Liberty Merchant Group will offer in-house merchant cash advance offerings of up to $2 million per month to small and mid-sized businesses. The addition of Liberty Merchant Group will give Morrissey’s company the opportunity to provide ten times the number of merchant cash advances per month by sourcing cash from hedge funds and private equity firms. This type of alternative loan option is growing in popularity and Morrissey expects that his company will give more than $60 million to owners in 2015 alone. What an incredible endeavor!
August 31, 2014