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Table of Contents

Lead Story

New payment products: Go big or fail fast

Dale S. Laszig

News

Industry Update

NAC case against Visa, Mastercard going forward

Contactless, cardless cash gains U.K. adoption

It's always Cyber Monday for security pros

NFC tag certification program targets IoT

Features

Sales compensation among U.S. merchant acquirers

Mobile payment awareness inches forward

Views

The travails of chip and debit cards

Patti Murphy
ProScribes Inc.

What is Money20/20 Part Two

Brandes Elitch
CrossCheck Inc.

What a 'quarter century' industry veteran has learned about the high-risk merchant niche

Steve Duniec
Payment Advisors LLC

Education

Street SmartsSM:
More rebranding options for MLSs

John Tucker
1st Capital Loans LLC

Is your merchant agreement out of date?

Eugene Rome
Rome & Associates

Manners matter in email

Jeff Fortney
Clearent LLC

Company Profile

CSR Professional Services Inc

New Products

Residual-based loans, financing solutions for ISOs

Residual-based loans
Super G Funding LLC

Secure, in-person proximity payments

Mobeewave
Mobeewave Inc.

Inspiration

It's ABP now, not ABC

Departments

Letter from the editors

Readers Speak

Resource Guide

Datebook

Skyscraper Ad

The Green Sheet Online Edition

December 12, 2016  •  Issue 16:12:01

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New Products

Residual-based loans, financing solutions for ISOs

Product: Residual-based loans

Super G Funding, based in Newport Beach, Calif., is a national provider of alternative finance solutions. Founded in 2008 by seasoned entrepreneur and former ISO owner Darrin Ginsberg, the company assists business owners across multiple industries through all stages of growth. Loan products range from $100,000 to $5 million.

Super G Funding

An active lender in the merchant services space, Super G provides tailored financing to ISOs, merchant service providers and acquirers. Its customized lending solutions enable borrowers to leverage recurring revenue streams while holding on to their hard-earned merchant portfolios, the company noted.

"There are numerous reasons why ISOs need money," Ginsberg said. "Whether they want to acquire a portfolio, invest in equipment or buy out a partner, we can help them finance, using their own portfolios as collateral with hardly any money down."

Timely strategic resource

Ginsberg founded Super G during a particularly challenging time for the payments industry. Many ISOs and merchant level salespeople (MLSs) were selling portfolios at a loss due to widespread attrition and economic hardships. Super G Funding's alternative financing was well received by the ISO community, because it enabled ISOs to borrow against existing portfolios without being forced to sell short on their portfolio income, Ginsberg said.

The company's initial success fueled its growth and diversification into additional key vertical industries. It funded more than 400 ISOs across the United States between 2008 and 2015 and formed strategic partnerships with Harbortouch Payments LLC, Cynergy Data LLC and other major ISOs. Super G Funding alliance partners have subsequently rolled out finance programs to their sub-ISOs, agents and channels, according to Ginsberg.

Fast approvals, competitive rates

Unlike traditional financial institutions, which can take up to six months to approve loans, Super G can arrange funding at competitive rates in three to five business days to ISOs processing a minimum of $5,000 in monthly residual income. Qualifying ISOs can receive up to five times their monthly residual. Loan amounts are negotiable but typically range from $25,000 to $1 million, the company stated.

ISOs and MLSs affiliated with an approved processor can obtain financing from Super G by temporarily assigning their residuals until the loan is repaid. Repayment terms include 12, 24, 36 and 48 months; fixed monthly payments are deducted from residuals and can be tracked online and in monthly reports.

Multiple benefits, use cases

Funds received from Super G loans are generally not taxable, but borrowers can deduct loan interest as a qualified business expense. ISOs have used Super G loans to add value to their portfolios, acquire new portfolios, and improve their revenue streams, Ginsberg noted.

Following are several examples Super G provided of how ISOs can leverage its financing solutions:

Super G works closely with ISOs and acquirers, from initial funding through execution, on a range of customized finance solutions. "ISOs can use the money for whatever purpose they want," Ginsberg said. "After years of organically building several ISOs and both purchasing and selling ISOs and portfolios, I wanted to tailor solutions for ISOs that enabled them to continue to own their book of business and yet give them some liquidity or growth capital for the business."

Website: www.supergfunding.com Contact: info@supergfunding.com

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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Spotlight Innovators:

North American Bancard | Harbortouch | USAePay | Humboldt Merchant Services | Impact Paysystems | Electronic Merchant Systems