TMG Merchant Capital Program is a purchase of your future debit/credit card sales for a discount today. Commercial Lease financing for equipment
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The TMG Merchant Capital Group Program
TMG Merchant Capital Program is a purchase of your future debit/credit card sales for a discount today. The obligation is paid back through a small percentage of all of your debit/credit card transactions (this percentage ranges between 5-15% for the TMG Merchant Capital Program). The benefits of this program versus conventional sources of financing are as follows:
- Payments to the financing company are FLEXIBLE:
There are NO fixed payments. Since the payments to the financing
company are based on a percentage of debit/credit card sales, they are
completely variable.
- It’s FAST:
There are no lengthy wait times that are typically experienced when applying for a business loan with the bank. Upon receipt of an application, we are able to fund our clients within 7 days.
- It’s SIMPLE:
Our fully automated system makes your life easy. You never need to write
a cheque. Our system uses automated transfers so you never need to
worry about making a payment.
- You DO NOT NEED any collateral to qualify:
o The TMG Merchant Capital Program is not a collateral-based financing model. The security in the transaction is the future debit/credit card sales. We do not require collateral, there are no personal net worth statements required, and we do not analyze the value of the assets in your business.
A TMG Merchant Capital Program can be used for any business purpose, such as purchasing inventory, renovations, acquisitions, advertising & marketing, expenses etc. Future debit/credit card sales are purchased for $0.60-$0.80 on the dollar (exact discount differs for each transaction) with a forecasted program length of 9-10 months.
Example:
An owner of a restaurant which processes approximately $30,000 of debit/credit card sales per month receives a TMG Merchant Capital advance of $24,500 in exchange for $32,400 of future debit/credit card sales collected using a 12% withholding. TMG Merchant Capital withholds 12% of all debit/credit card transactions until it receives $32,400 which in this example would take approximately 9 months. Once the restaurant owner has repaid the majority of the payback amount, he is eligible for a renewal.
1 Our differentiator:
- TMG Merchant Capital, we want to be a part of our client’s success. Many merchant cash advance companies offer larger up-front advances, but their programs have high withholding percentages which can severely impact a merchant’s cash flow. They also increase the discount at which the future sales are purchased in order to cover the increased risk of having merchants that are not as healthy during their program.
- We believe in offering a cost effective service that makes financial sense for our clients, and we wish to build long-standing relationships for their financing needs.
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We also provide lease financing for equipment - any type! From computers to Tractor Trailers we do it all!
Got free and clear equipment? Make it work for you, do an equity take out on your equipment; we do it all!
T 1 866 585 2022
www.expertgrp.com
