Canadian Merchant Advance provider lets customers decide the rates

Oct. 9, 2012 - PRLog -- BC based Company Capital recently introduced an innovative approach to pricing of their merchant advance service that allows customers to decide the rates thereby ensuring the most flexible and lowest rates in the merchant advance industry.

A merchant advance is an alternative to a traditional bank loan where customers receive working capital in exchange for a small share of future credit and debit card sales. The advance is paid back on a daily basis using a percentage of credit and debit card sales. Repayments “ebb and flow” with the sales trends of the business, giving the business owner greater flexibility to manage cash flow, particularly during a slow season.

“The merchant advance service is gaining popularity among the small business community in Canada as an alternative to traditional commercial lending” said Bruce Marshall, VP at Company Capital. Marshall added “as the service becomes more mainstream and more competitive, business owners are looking for something better, better value. We recognize this and have introduced pricing based on the specific needs of the individual client – in fact we let the customer decide the rate.”

“There are three variables to a merchant advance that affect the total overall cost. The amount requested, the discount rate and the daily repayment amount – we let our customers choose the pricing combination that best suits their current situation” said Marshall.  

Company Capital is a privately held Corporation based in Victoria BC that provides working capital financing solutions for the small business community in Canada.