PRESS RELEASE
For immediate release
CFC partners with Canadian ISOs to offer merchant cash advances to small and medium sized businesses
“Majority of small businesses fail due to lack of financing. Now with the entry of merchant cash advances into the Canadian market, these businesses can obtain financing based on their future card receivables.”
CFC was formed in June 2006 as the sister company to Cardex Corporation, Canada’s leading payment processor, to help merchants grow by offering them cash advances on their future debit and credit card receivables. With Cardex’s recent acquisition by Pivotal Payments, CFC is now in the position to act as a stand-alone company and continue to offer merchant cash advances to a wider array of Canadian SMEs, as well as ISOs, sub ISOs, agents and business partners. By partnering with CFC, ISOs can now compete on factors other than price as well as generate an additional revenue stream and increased customer loyalty.
“The traditional reason for SME failure is due to their cash flow, merchant cash advances allow millions of businesses to not only survive but also thrive in their new positions”, said Peter Mazoff, President of CFC.
About CFC
Founded in 2006, in
For more information, please visit our website at: www.cfcadvances.com
Contact Information
Lauren Teblum
Tel.: (514) 670-9745 x 315
E-mail: lauren@cfcadvances.com
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