AdvanceMe, Inc. · Kennesaw, GA United States
Company Description
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This link will open in a new window No, this isn't your teenage daughter asking for her allowance a week early. Instead, AdvanceMe provides working capital to primarily those in the retail and hospitality industries who may not qualify for conventional bank loans because they lack collateral. AdvanceMe merchant cash advances range from $2,500 to $150,000, require no fixed payments, and carry no fixed time frame. Customers sell AdvanceMe a fixed dollar amount of their future sales at a discount. AdvanceMe collects these fixed amounts from sales only after they're made. Customers typically use the working capital to expand their businesses, increase product lines, market, purchase equipment, and renovate existing facilities. To read the full description, subscribe now.
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Key AdvanceMe, Inc. Financials
| Company Type | Private Single Location |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $5.9 |
| Employees | 90 |
AdvanceMe, Inc. Executives
7 executives listed for AdvanceMe, Inc.'s Kennesaw, GA location.
| Title | Name & Bio | Contact |
| CEO | Glenn Goldman | Network |
| President and COO | Tom Burnside | Network |
| CFO | Frank Baier | Network |
Competition
Competitive Landscape for AdvanceMe, Inc.
Demand is driven by consumer spending. The profitability of individual companies depends on efficient operations, as services are sold largely based on cost. Large companies have big economies of scale in processing and can provide more services; small companies can compete by specializing in industries and providing custom services. The business is highly automated and capital-intensive: average annual revenue per employee is about $225,000. To read the full description, subscribe now.Top AdvanceMe, Inc. Competitors
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