August 17, 2013

ATM ISOs get growing with help from Columbus Data, Super G

Super G Funding, a residual-based lending business, has partnered with ATM processor Columbus Data Services to offer business loans to Columbus Data ISOs and agents.

In a news release, Super G Funding announced that it has capital available to provide residual-based loans to almost any ATM ISO or agent. Loan amounts range from a minimum of $25,000 up to $2 million and can be paid back over 12, 24 or 36 months.

“Typically, ATM ISOs try to get an SBA or business loan from their local bank, or take out a home equity loan against their home, but this is very hard to do in today’s economic climate,” said Darrin Ginsberg, CEO of Super G Funding. “ATM ISOs are having problems getting cash they need to grow their businesses”

Super G Funding loans can be arranged in as few as five business days, according to the news release.

“ATM ISOs can use the money for whatever purpose they want, whether it’s money to buy more ATMs, take over cash loading, expand their sales force, increase marketing, buy equipment in bulk, upgrade their technology or buy out a partner,” Ginsberg said. “It doesn’t matter.”

Super G Funding will be in attendance at the Columbus Data annual conference on Oct. 17–18 in San Diego, Calif.

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