AmeriMerchant (http://www.amerimerchant.com), one of the oldest and largest merchant cash advance providers in the United States, and CanaFunding (http://www.canafunding.com), one of the best established cash advance providers in Canada, have announced a merger of their operations that will allow AmeriMerchant's US-based ISOs and agents to sell product in Canada.

CanaFunding has been successfully selling the merchant cash advance product in Canada since 2007. By consolidating CanaFunding’s operations with AmeriMerchant’s infrastructure and resources, both companies can expect a significant financial gain.

“In recent years, we have looked at our neighbor to the north as a means of expanding our business,” says David Goldin, President and CEO of AmeriMerchant. “With the merger between AmeriMerchant and CanaFunding, we expect a significant increase in our revenues. Furthermore, US-based ISOs and sales agents now have an opportunity to also expand their business and commissions by offering merchant cash advances to Canadian-based companies.”

CanaFunding will operate under AmeriMerchant's operations and management, but will retain its highly recognized brand name in the Canadian marketplace.

About AmeriMerchant

Founded in 2002, AmeriMerchant is one of the nation’s oldest and largest providers of working capital to merchants against their future credit/debit card sales, commonly known as a merchant cash advance. The company is committed to industry best practices and is a founding member of the North American Merchant Advance Association. For additional information about AmeriMerchant, visit www.amerimerchant.com or call 800-267-3790.

About CanaFunding

Founded in 2007, CanaFunding is one of Canada’s oldest and largest providers of working capital to Canadian businesses against their future credit/debit card sales, commonly known as a merchant cash advance. For additional information about CanaFunding, visit www.canafunding.com or call 877-579-9731.