RapidAdvance expands into UK with purchase of Merchant Cash Express

BETHESDA, MD, USA and LONDON, UK-RapidAdvance, a leading provider of merchant cash advances in the US and Canada, announced today its entrance into the UK market with the purchase of Merchant Cash Express Limited. Merchant Cash Express is the UK leader in credit and debit card factoring with over 50 years of management experience in the finance industry. The company will continue operations as a subsidiary of RapidAdvance.

RapidAdvance's expansion into the UK follows its entrance into Canada four months ago. The company attributes its rapid growth to its highly reputable and fair business practices with its customers-small to mid-sized merchants who are looking for business financing to support their growth, purchase new inventory, leverage seasonal opportunities or reduce other financial obligations.

"All small business owners face challenges in obtaining the funds they need through traditional business loans," said Jeremy Brown, President and COO of RapidAdvance. "Business owners in the UK are also in need of working capital to keep their business healthy and vibrant. Through this acquisition of Merchant Cash Express, RapidAdvance will now be able to provide its expertise to bring this alternative financing solution to those business owners too."

"RapidAdvance chose to enter the UK market with Merchant Cash Express because of the strength of their management team and strategic relationships they have established in the U.K." said Lee Jundanian, CEO of RapidAdvance. "We look forward to this new relationship being an enormous success for us as well as an extremely beneficial opportunity for small business owners."

"Ernst & Young is pleased to honor outstanding business leaders such as Lee Jundanian," said Harry Thomasian Jr., Ernst & Young Entrepreneur Of The Year Program Director for Maryland. "Winners of the Entrepreneur Of The Year award build leading businesses and contribute a great deal to the communities around them. Their success helps our area grow stronger."

About RapidAdvance
RapidAdvance, based in Bethesda, Maryland, is a leading provider of merchant cash advances to small and mid-sized business owners looking to obtain additional working capital. Business merchants use RapidAdvance's service to fund expansion, purchase equipment and inventory, pay off debt or leverage a seasonal opportunity. Funding is quick and easy and does not require the traditional guarantees, liens or collateral associated with bank loans. For more information about RapidAdvance's business funding solutions, please call 877.467.2743 or visit www.RapidAdvance.com.

About Merchant Cash Express Limited
Merchant Cash Express Limited, the UK leader in credit and debit card factoring with over 50 years of management experience in the finance industry, provides alternative funding to merchants for growth capital not available through conventional sources. With an experienced management team comprised of entrepreneurs who understand and appreciate the cash flow needs of merchants, Merchant Cash Express provides merchant cash advances for business owners in need of working capital in order to keep their businesses healthy and successful.