I was on the tail-end of my 2nd year in business, when a laundry fire destroyed 90% of my facility and property. I had property insurance, but no insurance to cover the loss of equipment, products, or the fact that we were now losing business every day.
I never considered taking out a merchant cash advance previous to the fire, and had no idea what was ahead - or if I would be eligible, considering the now devastated circumstances of my business. 1st Global Capital took a chance on funding my business. The process was simple and quick. The cash advance helped get us started in a new location, replace what was lost and get back to work.
When I repaid the first short term amount, they offered a second one, which was accepted. Suddenly, we were 6 months past the fire, in a beautiful location, and going strong again.
Today, I paid off the remaining amount on that cash advance, two months early. I can honestly say that had it not been for 1st Global Capital taking the risk on funding my business during one of the most difficult times of our lives, we would not be in business today.