Headquartered in Hauppauge, NY, ProMAC has grown to be the premier alternative financing source for professional practices and businesses that have unique financing needs based on their electronic accounts receivable programs. ProMAC offers reliable and expeditious funding solutions to its target market and has built its reputation for exemplary service by understanding the distinctive financing needs of its clients.

“We are very pleased to expand our relationship with Metropolitan Equity Partners, LLC,” said Stephen McDermott, CEO, ProMAC. “They have been an exceptional partner since the very beginning of our relationship and continue to provide true value-add as an investor. With Metropolitan’s continued support, we expect to more than double our revenues in 2012 while maintaining negligible default rates. This funding further enhances our efforts to broaden our base of high quality strategic financing relationships.”

“ProMAC experienced incredible growth in 2011. It’s exciting to watch the company grow, especially as so many other capital providers are still retreating,” said Marc Cole, Managing Director of Metropolitan Equity Partners, LLC.

About ProMAC

ProMAC was founded in 2007 and is headquartered in Hauppauge, NY. ProMAC offers fast and flexible alternatives to bank loans and factoring services by financing a business’ future receivables. ProMAC is the first financing company that can fund against all types of electronic payments proceeds such as ACH, Credit Card Receipts, and Health Insurance reimbursements both private and government. Additionally, ProMAC can offer financing solutions to a business with no electronic payments based on proof of healthy sales volumes. At ProMAC, we are dedicated to providing our clients with the education and knowledge of our products so that they can decide whether Electronic Payment Financing is the right financing tool for their business. For more information, please visit www.promacfinancing.com .

About Metropolitan

The principals of Metropolitan Equity Partners have been making investments together on behalf of themselves and its investors since 1999. Metropolitan is a New York-based investment manager that utilizes a value-orientated special situation investment strategy that focuses on small private companies. Our primary investment objective is to identify and create unique investment opportunities with asymmetric risk/reward profiles. Alongside capital, we invest time, experience and intelligence to understand non-apparent opportunities and generate outsized investment profit through a results-driven approach. Historically, we have employed a call-fund structure for a select family office and high net worth investor base.

SOURCE: ProMAC

        ProMAC
        Stephen McDermott, CEO
        631-901-1050

Copyright Business Wire 2012

A customer in a similar situation recently shared feedback on his experience working with ProMAC Financing.

‎“My experience with ProMAC was incredible. I received first class service from everyone I dealt with, especially Jennifer McErlean. I was in a situation where I needed money quick, for some unforeseen circumstances that arose in my business, and ProMAC was there for me. They were there to answer all my questions, and I always received a response back promptly. The paper work was very painless, and I received my funds right away. I was very fortunate to be able to do business with ProMAC in a time of need. I have dealt with other, similar financial institutions, and hands down ProMAC has been the class of the industry. I highly recommend ProMAC to any business that may be in a bind, or needs some operating capital, etc…. quickly. Thank you ProMAC, and especially Jennifer, whom was incredible in helping me on a daily basis, answered all my questions and concerns.” T.B., California

ProMAC is committed to financing your company in the quickest and most efficient manner and we are confident that those in need of alternative financing will be satisfied with

Businesses that receive any of the following electronic payments for services rendered can qualify:

ACH

Electronic Checks

Electronic Fund Transfers

Consumer Receivable Financing payments (i.e. Care Credit, GE Finance)

All types of Credit Cards

ProMAC’s EPF can capture all types of electronic payments intermediated by a third party.

A ProMAC EPF is flexible, quicker to close, requires less paperwork, and requires no collateral or personal guarantee. The amount a business qualifies for is based on its historical average monthly electronic payment sales volume, and not on cash flow coverage.

No repayment schedule and no monthly minimum payments

Repayment is based on business volumes and the repayment % is fixed over the life of the transaction.

To learn how ProMAC Financing can help your business click here.

Businesses that receive any of the following electronic payments for services rendered can qualify:

• ACH
• Electronic Checks
• Electronic Fund Transfers
• Consumer Receivable Financing payments (i.e. Care Credit, GE Finance)
• All types of Credit Cards

ProMAC’s EPF can capture all types of electronic payments intermediated by a third party.

EPF Advantages

A ProMAC EPF is flexible, quicker to close, requires less paperwork, and requires no collateral or personal guarantee.  The amount a business qualifies for is based on its historical average monthly electronic payment sales volume, and not on cash flow coverage.

• No repayment schedule and no monthly minimum payments
• Repayment is based on business volumes and the repayment % is fixed over the life of the transaction.

To find out more about ProMAC’s alternative financing product contact us online or give us a call today.

Instead of submitting and financing against individual invoices, ProMAC evaluates the last 6 months of your electronic payment receipt volume and finances against the business’ next 6 months of projected electronic payment activity. Repayment for financing occurs through collection of a predetermined fixed percentage of your future electronic receivables.

Our financing is non-recourse (no personal guarantee on periodic or final repayment) and unsecured (no asset or cash flow collateral required). Good candidates are clients that receive regular payments (no less frequent than weekly) from a diversified client base OR from government sources. While we focus predominantly on the medical and healthcare arena, any candidate that would typically consider receivables factoring would be a good candidate for our product.

Businesses that represent the best fit for our product include:

• Medical facilities who receive regular Medicare EFTs and HMO/insurance company payments electronically. Examples include but are not limited to ambulatory or surgi-centers, imaging centers, emergent care clinics, pain clinics, medical parks with multiple specialties and pharmacies.

• Practitioners that perform high elective procedures and accept GE Care Credit and other forms of patient financing as payment from customers. Examples include but are not limited to dentists, aestheticians, plastic or cosmetic surgeons, orthodontists and veterinarians.

• Companies who use a billing company to collect payments from their customers (in any industry)

To find out more about this new alternative financing product contact us online or give us a call @ (631) 901-1050 today.

We offer a fast and flexible alternative to receivables/invoice factoring and traditional financing alternatives.  Find out more.