Merchants will be able to receive an amount equivalent to 2.3 times their average monthly credit card sales under this program.
New York, NY (PRWEB) July 19, 2012
Principis Capital, a leading merchant advance company headquartered in New York, announced today that it was launching a new Enhanced Program for merchants who demonstrate a robust overall financial situation. This innovative program will provide larger advances to merchants who are capable of supporting a higher retrieval percentage on their credit card sales.
As with Principis’ existing suite of products, merchants will have to have at least $4,000 in monthly credit card sales to qualify. In addition, they have to be in business for at least 2 years, must process credit card batches at least 10 times per month, and cannot have any over-drafted (negative balance) days in their operating bank account during the past 60 days.
“Enhanced” options will be issued along with Principis’ current product set, giving merchants a wider range of options to choose from. Merchants will be able to receive an amount equivalent to 2.3 times their average monthly credit card sales under this program.
For more information on Principis’ products, see the company’s website at http://www.principiscapital.com.
To find out how you can work with Principis, contact the company’s Vice President of Sales, Nick Del Deo, at 212-560-6320 or nick(dot)deldeo(at)principiscapital(dot)com.