We have teamed up with a premium merchant cash advance company to ensure that medical marijuana providers are not starved of the capital that they need
Campbell, CA (PRWEB) July 14, 2011
420 Card Processing, the only credit card processing company dedicated solely to serving the medical marijuana industry, is pleased to announce the creation of a focused merchant cash advance program exclusively for its clients. In this environment of restricted capital availability, merchant cash advances provide an alternative method for businesses to obtain capital. “We have teamed up with a premium merchant cash advance company to ensure that medical marijuana providers are not starved of the capital that they need to effectively meet the needs of their patients and that they are not overcharged for these services,” said Managing Director Nick Emerson. Merchant card advances allow businesses to turn future credit card transactions into immediate cash.
As has been widely reported, medical marijuana businesses have great difficulty in obtaining service, let alone credit, from traditional banking sources. “When a small business, such as a medical marijuana dispensary, can’t access basic banking services they either have to become cash-only—and become targets of crime—or they’ll end up out-of-business,” said Colorado Congressman Jared Polis. As specialists in the industry, 420 Card Processing’s partner is fully aware of the issues surrounding cannabis related businesses and can approve accounts that others won’t. If your dispensary, collective or cooperative needs cash now for any reason, contact 420 Card Processing for help.
The application process is simple and cash can be deposited into the merchant’s account within days. The approved amount is based on credit card sales and other financial factors. Since the advance is based on a merchant’s transaction history, businesses with limited traditional credit history can still qualify. The advance is repaid automatically, by taking a percentage of the company’s daily credit card transactions.
Merchants interested in learning more about 420 Card Processing's services can visit http://www.420cardprocessing.com or contact the company at 800-579-1675.
About 420 Card Processing
420 Card Processing was founded by card processing professionals, with decades of combined experience, who are committed to equal access and opportunity for those involved in all aspects of providing medical marijuana to patients in states that have legalized its use. 420 Card Processing provides services to retailers, wholesalers, suppliers of gardening equipment, and physicians. 420 Card Processing is a member of the National Cannabis Industry Association, the trade group representing the medical marijuana industry.