ANAHEIM, Calif., Aug. 20, 2013 /PRNewswire/ — American Finance Solutions (AFS), one of the fastest growing merchant cash advance companies for small- and mid-sized businesses, was today named to the seventh annual Inc. 5000 list. AFS ranks number 2,032 on the prestigious list of fastest growing private companies in America, achieving three-year sales growth of 184 percent. AFS also announced a key company milestone – it has now deployed $100M in capital to small- and mid-sized businesses nationwide.
AFS funds merchants in the retail, hospitality and service industries including restaurants, salons, florists, auto repair shops and many other business types. Merchants have used the $100M in collective capital to grow their businesses through expansions, repairs, inventory and strategic marketing initiatives. Often overlooked by banks for traditional loans, AFS applies a holistic approach to determine the right funding amount based on a small business’s overall health. Using its 20-point algorithm, AFS creates custom-tailored, low-risk funding programs for each merchant that fit the needs and bandwidth of their business.
“We are thrilled to achieve this honor based on our strong year-over-year company growth,” said Scott Griest, chief executive officer, American Finance Solutions. “We strive to be the industry’s leading and ethical merchant cash advance company, working closely with our customers to only advance a responsible amount that will help their businesses grow. A large majority of our merchants are repeat customers with an average of four advances with us; a true testament to our value proposition.”
Published annually, Inc. 5000 is a prestigious list of the nation’s fastest-growing private companies and represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. AFS joins LivingSocial, Edible Arrangements, CDW and Lifelock, among other prominent brands featured on this year’s list. The 2013 Inc. 5000 is ranked according to percentage revenue growth when comparing 2009 to 2012.
To view the full Inc. 5000 list, visit www.inc.com/5000.