This program is a great solution for merchants that may not typically qualify for bank loans or may not want to personally guarantee additional lines of credit.
Addison, Texas (PRWEB) February 23, 2013
In today’s economy, asking for a small business loan from a traditional financial institution can be the most difficult and time-consuming part for most small business owners. Merchants remain a top priority at Prodigy Payment Systems (http://www.prodigypay.com). Positively impacting the merchant’s bottom line is a primary goal, which is why Prodigy has partnered with Merchant Capital Access (MCA) to offer an alternative solution for small business growth.
Merchant Capital Access is a unique financing program designed for merchants to take advantage of the opportunity to move their business forward with help from additional funds to invest. The financing program is not a loan offered by banks, leasing companies or any other traditional lenders, but a program which provides merchant cash advances to small and medium-sized merchants secured by a portion of future credit card receipts.
The merchant funding process is simple. An agreed upon percentage – between MCA and merchant – is deducted daily from all future credit card receipts until the total amount assigned is received. This program is a great solution for merchants that may not typically qualify for bank loans or may not want to personally guarantee additional lines of credit.
For Prodigy merchants, credit score is not an issue as well as not affected by the cash advancement, and merchants typically receive the advance in as soon as 72 hours. Whether it’s for an emergency, inventory or location expansion, the Merchant Cash Advance program is the most convenient and reliable program for small business owners to reinvest back into their business.
About Prodigy Payment Systems
Prodigy Payment Systems was established for the purpose of providing electronic payment processing solutions and other value-added services to small and medium-sized merchants throughout the United States. Prodigy is a leader in the electronic payment processing field providing credit card, debit card, ATM card, gift card, prepaid card, EBT and check processing services. Prodigy maintains a sincere dedication to superior customer service and an honest and ethical approach to acquiring new customers. This vision has enabled Prodigy to become one of the fastest growing companies in the industry excelling in all aspects of merchant services. Prodigy Payment Systems is located at 3801 Arapaho Road, Addison, Texas 75001. For more information, visit http://www.ProdigyPay.com , http://www.twitter.com/ProdigyPS or http://www.facebook.com/ProdigyPay