Mortgage industry veterans Jason Reddish and Val Pinkhasov founded Total Merchant Resources to provide small businesses with working capital for repairs, short term payroll needs, expansion, inventory, or other reasons. They provide cash advances based on receivables like future credit and debit card sales, which they buy from the merchant at a discount.
Since their appearance on Shark Tank and their investment from Kevin O’Leary, Total Merchant Resources has become an international company serving businesses across the globe. They also provide Point of Sale systems for merchants.
Shark Tank Air Date: 10/25/2013 – Season 5 – Episode 6