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ISO Advance Provides Cash Based On Residuals

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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.  

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