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SOURCE: Principis Capital
Principis Capital has just announced the immediate availability of an innovative new type of merchant cash advance that provides small businesses with working capital quickly while allowing flexible, yet predictable repayment based on daily batching, empowering merchants to know exactly what their daily payment will be for any given month.
New York, NY (PRWEB) February 13, 2013
Principis Capital today announced a new payment method for recipients of their merchant cash advances. The Flex-Defined™ Daily Payment system, exclusive to Principis Capital, offers small business owners greater convenience and predictability in their finances. This program, unique within the industry, empowers merchants to select the payment method that best fits their business needs, either the traditional percentage of credit cards sales method or Flex-Defined™.
“After working with detailed feedback from our merchants, we designed this repayment program to offer a better, more predictable option for our customers,” said Nick Del Deo, the Vice President of Sales at Principis Capital.
The Flex-Defined™ Daily Payment combines the best features of a variable payment with the predictability of a defined daily payment. Under this payment method, an anticipated daily payment for each month – based on historical credit card sales – is identified upfront. Merchants know exactly what their daily payment will be for each given month, yet retain the flexibility of varying their payments based on the ebbs and flows of their business activity.
This payment method is ideal for those merchants who seek to manage their bank account balances on an active basis, and/or have a predictable seasonality in their business. Restaurants, service businesses, retail and seasonal businesses such as landscapers, contractors and wholesalers can all benefit from this unique payment method.
With the addition of the Flex-Defined™ Daily Payment Principis Capital continues to enhance its programs to meet the changing needs of today’s small business environment.
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, merchant cash advances from Principis Capital enable merchants in all industries to quickly meet unexpected financial needs, make renovations and/or expansions, and take advantage of new business opportunities for growth. Principis prides itself on helping all merchants, even those who have no collateral, bad credit, or who have been previously turned down by a bank.
For more information, please visit our Sales Partners page.
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