(PRWEB) June 05, 2014
Principis Capital, a leader in alternative financing to small businesses, is once again showing what differentiates them from the competition. Introduced in 2013, Principis’ weekly payment option enables merchants to make a single weekly payment rather than daily payments on their outstanding receivables balance. This program is becoming increasingly popular in 2014. "This is a great feature for merchants who have predictable timing of cash-flow and have shown they can maintain a stable, positive balance in their operating account," stated Nick Del Deo, VP of Sales. The weekly option can be structured as a strict percent of merchant’s total weekly batching for credit card deals or as a weekly flex-definedTM payment for total deposit deals.
Any merchant, whether applying for an advance based on credit card processing or based on their total sales receipts, can qualify. Merchants are scored through Principis’ proprietary scoring model, and those that score in the upper 4 tiers can be considered for the program at their request. The weekly payment in dollars cannot be more than 40% of the average bank balance and the merchant cannot have more than 5 days per month in which the ending bank balance is negative. Principis continues to respond to the needs of small business owners by being innovative in their product offerings.
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 works 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.