Super G Funding, Cynergy Data team up to fuel ISO growth
Arlington, VA, July 10, 2012 – Super G Funding, a leader in the residual based lending business has signed an agreement with Cynergy Data, one of the larger ISO’s in the country, to offer Business Loans to its ISOs and Agents.
Super G Funding has found that many ISO’s and Agents are in need of additional capital to expand their sales force, increase marketing, open a new office, buy equipment in bulk, upgrade their technology, or buyout a partner.
“Typically, ISO’s try to get an SBA or business loan from their local bank, or take out a home equity loan against their home. This is very hard to do in today’s economic climate,” said Darrin Ginsberg, CEO of Super G Funding. “ISO’s are experiencing difficulty getting the cash they need to grow their businesses and I am happy to provide this funding to the industry that I grew up in.”
Kim Fitzsimmons, Chief Executive Officer of Cynergy Data notes that “Cynergy Data offers yet another new product in our ongoing commitment to support our customers and partners. Putting capital into the hands of our ISO’s and Agents will give them the opportunity to grow, achieve even greater success, and contribute to the American economy. This is a great way for ISO’s and Agents to have access to capital without having to sell their portfolios.”
Super G Funding recently announced, at the ETA show in Las Vegas in April, their new finance campaign “Funding America’s ISOs”. This premier financing program is aimed specifically for the ISO market. Their ISO Loan amounts range from a minimum of $25,000 up to $1 million or more and can be paid back over 12, 24 or 36 months. Super G Funding’s loans are easy to obtain and can be arranged in as few as 5 business days.
Super G Funding loans offer an alternative to selling the most valuable asset an ISO has, their portfolio. Super G Funding can also purchase the portfolio if the ISO prefers a buyout instead of a loan, though they will educate the ISO first on the long term benefits of borrowing versus selling.
For more information about Super G Funding, go to http://www.SuperGFunding.com or call Darrin Ginsberg at 800-631-2423.
About Cynergy Data (http://www.cynergydata.com )
Cynergy Data is one of the country’s foremost payment services providers, processing in excess of $10 billion annually. Headquartered in Alpharetta, GA with an Operations Center in Long Island City, NY, Cynergy Data is owned by the Comvest Group, a leading private investment firm focused on providing debt and equity solutions to lower middle-market companies.
Source: The Green Sheet