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Tuesday, July 24, 2012 — 11:29:03 (CDT)
Electronic Payments teams with Super G Funding on ISO loans
Calverton, N.Y., July 23, 2012 -- Principal innovator in merchant services and payment processing solutions, Electronic Payments, recently signed an agreement with Super G Funding, a leader in the residual based lending business, to provide business loans to its ISO and agent partners.
The loans are based on the ISO’s residual portfolio and amounts range from a minimum of $25,000 up to $2,000,000, which may be paid back over 12, 24 or 36 months. ISOs can receive the capital in as little as three days and use the funds for an array of business endeavors, including, but not limited to, office expansion, sales management growth, increased marketing/communications efforts and technology upgrades.
Michael Nardy, Founder and CEO of Electronic Payments, comments, “This service enables us to empower our agents with an opportunity they may not have otherwise, especially in this economy. Gaining access to funds without bank involvement ensures that every one of our valued partners has access to the resources necessary for building their businesses.”
Super G Funding offers a smart alternative to ISOs who sell their portfolios as a means to raise cash. “We want to make it fast and easy for ISOs to leverage their business and obtain the funding needed to grow in a down economy,” said Darrin Ginsberg, CEO of Super G Funding. Mr. Ginsberg has been in the merchant processing business for over 20 years, has built and sold several successful ISOs, and understands the capital needs of a growing ISO.
About Electronic Payments
With “Innovation through every transaction™”, Electronic Payments has distinguished itself as one of the fastest growing and highly regarded privately held payment and transaction processing companies in the United States. Electronic Payments currently serves businesses in all industry types and acquires new businesses through a network of agent banks, sales agents and independent sales offices (ISOs). Visit http://www.electronicpayments.com for additional information or visit http://www.bankcardprogram.com to learn more about the company’s ISO and MLS programs.
About Super G Funding
Super G Funding is a leader in the residual based lending business and provides Business Loans to ISO’s and Agents in the bankcard industry. Loans range from a minimum of $25,000 up to $2,000,000 and can be paid back over 12, 24, or 36 Months. ISO’s can receive this capital in as little as three days. For more information about Super G Funding, go to http://www.supergfunding.com or call Darrin Ginsberg at 800-631-2423.
Source: Company press release.
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