ISO - Vendor Briefs

Capital Access Network Expands Funding Capacity


Capital Access Network Inc. is expanding its annual funding capacity to $1 billion.

The added funding comes through updated financing agreements with Wells Fargo, Brown Brothers, Fifth Third Bancorp and Key Bank, Capital Access said in an Oct. 1 press release.

Goldman Sachs also has formed a relationship with Capital Access, increasing its secured line of credit to $295 million (expandable up to $400 million), the release said.

Capital Access provides funding through independent sales organizations to small and medium-sized businesses. Its Newlogic subsidiary makes loans with predetermined maturity dates and payments amounts, and its AdvanceMe subsidiary offers merchant cash advances, which merchants pay back as a percentage of payment card receivables.




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ISOs and agents are learning the power of merchant cash advances for differentiation, profit and retention. We explore that potential in this issue and also offer advice on whether to offer merchants an advance or a loan. Meanwhile, we look into vending machines as an opportunity for ISOs and conduct an inquiries into how ISOs and agents can nudge retailers toward data security. Last but not least, we urge ISOs to keep up with technology so that they can keep their clients informed.
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