Arlington, VA (PRWEB) June 29, 2012
Harbortouch has signed a partnership agreement with Super G Funding, a leader in the residual based lending business, to provide business loans to the company’s ISO partners.
The loans are based on the ISO’s residual portfolio and amounts range from a minimum of $10,000 up to $2,000,000. ISOs can receive this capital in as little as three days and the loan can be paid back over 12, 24, or 36 months.
This capital can be used by ISOs to expand their sales force, increase marketing, open a new office, buy equipment in bulk, upgrade technology, or buy out a partner.
Brian Jones, Executive Vice President of Sales and Marketing of Harbortouch said, “Putting capital into the hands of our ISO partners will help them produce more accounts, and in turn, help Harbortouch grow its business as well. This is a great way for ISOs to obtain access to capital without having to sell their portfolios.”
“Typically, ISOs try to get an SBA or business loan from their local bank, or take out a home equity loan against their home, but this is very hard to do in today’s economic climate," said Darrin Ginsberg, CEO of Super G Funding. “ISOs are having problems getting the cash they need to grow their businesses and we are happy to provide this funding.”
Harbortouch, formerly United Bank Card, Inc., is a leading national supplier of point of sale (POS) systems, serving thousands of businesses across the nation. The company offers an unparalleled “free” program that supplies a full-featured POS system to restaurants and retail businesses with no up-front costs. Professional installation and onsite training are included with every order and award winning customer service and technical support are available 24 hours a day, seven days a week. In addition to offering state-of-the-art POS systems, Harbortouch also delivers a full range of merchant services such as credit/debit and gift card processing. For additional information, visit http://www.harbortouch.com or call 866-563-3045.
About Super G Funding
Super G Funding offers an alternative to avoid selling the most valuable asset an ISO has, their portfolio. Darrin Ginsberg has been in the merchant processing business for over 20 years and has built and sold several successful ISO’s and understands the capital needs of a growing ISO. For more information about Super G Funding, go to http://www.supergfunding.com or call Darrin Ginsberg at 800-631-2423.