TDA makes sense for certain industries and broadens our offerings
New York, NY (PRWEB) February 13, 2014
Principis Capital, a leader in the merchant cash advance industry providing alternative financing to small businesses, announces the success of their Total Deposit Advance (TDA) product offering. Principis Capital broadened their product offerings to include TDA within the past year. “We are evaluating a company’s past and current performance using their bank statements in addition to credit card processing, which gives us a more comprehensive understanding of a merchant’s history and prospects,” stated Jane Prokop, CEO of Principis Capital. The TDA product gives Principis the ability to offer financing to a range of small businesses that provide B2B products and services, such as wholesalers, professional and legal services, large-scale contractors, and many others.
Principis Capital has seen its flow of business from small companies seeking financing increase by more than 100% between January 2013 and January 2014. Key industries Principis serves include restaurants, beauty salons and retail stores. According to VP of Sales, Nick Del Deo, “we are helping small business owners realize the American dream by providing alternative financing to meet their needs, and TDA makes sense for certain industries and broadens our 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 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. To learn more about Principis Capital http://www.principiscapital.com