Principis Announces New Syndicated Deal Structure for Total Deposits Advances
New York, NY (PRWEB) July 09, 2014 -- Principis Capital, a leader in alternative financing to small companies, announces new syndicated deal structure where vendor partners can participate as an investor in Principis’ Total Deposits Advance product. This product feature will further enhance the overall relationship between Principis and its partners, while simultaneously having a significant impact on the financing options for small business owners.
While Principis has offered syndication on its Credit Card Advances in the past, making it available for Total Deposit Advances (TDA) will open a range of new possibilities for Principis’ partners. "There are multiple benefits for our vendor partners when syndicating a deal with Principis," stated Jane Prokop, CEO of Principis. In addition to traditional brick-and-mortar businesses that have used Credit Card Advances, ISOs can now also be equal partners with Principis in investing in the success of wholesalers, manufacturers and other business-to-business merchants for whom the TDA product is best suited. ISO vendors will have the ability to leverage Principis’ expertise in the cash advance industry and benefit from their proprietary automated risk-scoring system. This translates into a win-win proposition for everyone involved.
Principis Capital is an established leader in providing small businesses the working capital they need, regardless of credit history. Currently serving thousands of businesses in the United States and Canada, Principis enables merchants in all industries to get a fast business loan alternative to take advantage of new opportunities for growth. Principis prides itself on working with all merchants, including those who have no collateral, bad credit, or who have been previously turned down by a bank. Learn more about Principis Capital here.
Nick Del Deo, Principis Capital LLC, http://principiscapital.com, +1 (212)-560-6320, [email protected]
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