Quantcast
Merchant Acquiring

ISO Advance Provides Cash Based On Residuals

Print
Email
Reprints
Twitter
LinkedIn
Facebook
Google+
Partner Insights

ISO Advance is offering residual cash advances ranging from $5,000 to more than $1 million with terms of six to 12 months.

Independent sales organizations and sales agents that earn at least $5,000 monthly in residuals qualify to apply for the advances, says a press release from the New York-based company.

"Banks just aren't loaning money to merchant-processor professionals," Christopher Hernandez, ISO Advance director, said in the release. "They don't understand the business."

The company evaluates ISOs and agents on their businesses as a whole instead of relying just on credit ratings, according to the release.

"On the road to success there are inevitably going to be bumps … that can negatively affect your credit rating," Hernandez said.

Receiving an advance does not require changing processors, and ISOs and agents keep their processing portfolios, the release said.  

SEE MORE IN

Email Newsletters

Get the Payments Update and the Morning Scan when you sign up for a free trial.

Already a subscriber? Log in here
Please note you must now log in with your email address and password.