CFC partners with Canadian ISOs to offer merchant cash advances to small and medium sized businesses
Released on: September 18, 2007, 9:25 am
Press Release Author: Lauren Teblum
Industry: Financial
Press Release Summary: 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.
Press Release Body: Montreal, Quebec – CFC, the first Canadian company to offer
merchant cash advances, is now partnering with Canadian ISOs to provide businesses
with financing based on their future debit and credit card sales.
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 Montreal, Canada, CFC is the first Canadian source of merchant
cash advances. Working with approved debit and credit card processors to provide
merchants with small business financing based on their Electronic Payment Sales.
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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