As business professionals we understand the unique challenges small to medium-sized business owners face. Traditional bank financing is often not available and relinquishing control of your business is not a preferred option. Taking on partners may not be attractive due to loss of equity and profits, True North Payments recognizes that not having working capital to meet your growth strategies is simply not an option!
Through our partners we are able to provide short term working capital for small to medium-sized merchants in the form of what is commonly referred to as ‘Merchant Cash Advance’.
Unlike traditional loans, merchant cash advance has no fixed payments, timeframe or interest rate. A merchant cash advance is the purchase of your future debit and credit card sales that gets repaid directly through a small percentage of your daily sales transactions.
Improve your business with a merchant cash advance that can be used for your immediate working capital needs:
• New equipment
• New location
• Manage seasonality
• Rainy day fund
At True North Payments we understand the delays and difficulties encountered by businesses seeking traditional bank loans. Our funding program works by converting future credit and debit card sales into cash, and is an excellent alternative source of working capital for your business.