Merchant Warehouse, the Boston-based provider of merchant services and equipment and Resource Finance Company (RFC), of Chevy Chase, Maryland announce a partnership to assist Agent growth. This new venture allows Merchant Warehouse Agents to leverage the value of their residuals and obtain growth funding from Resource Finance.
Merchant Warehouse Agents may want to grow their businesses, but do not have access to the needed working capital. By teaming with RFC, which has been making residual based loans since 1998, Merchant Warehouse’s Agents can get the funding they need to fuel additional growth.
“We’re excited to offer this option to our Agents”, said Henry Helgeson, President of Merchant Warehouse. “This partnership gives the Agent access to the capital they need to expand their businesses and move to the next level. This is truly a win-win for Merchant Warehouse and our Agents.”
The addition of a residual advance program to Merchant Warehouse Agents is the most recent addition to the already-successful program. Over the past year, Merchant Warehouse has implemented several initiatives, including regular training opportunities, bonus programs, marketing support, and a health insurance allowance.
“Resource Finance Company has been the leading provider of debt financing to the ISO industry since 1998,” said David Putnam, President of RFC. “Debt financing is financially far more advantageous than selling off a portfolio as well as being much simpler and faster. We are delighted to be working with Merchant Warehouse agents to provide this powerful tool.”
About Merchant Warehouse
Merchant Warehouse was founded in 1998 on the principle that businesses should be able to purchase credit card processing software, POS equipment, and merchant services at a reasonable price. With over 30,000 merchants, Merchant Warehouse now sets the standard for price, innovation, customer service, and integrity. For more information, please visit our website.
About Resource Finance Company
Resource Finance Company (RFC), established in 1998, specializes in providing working capital loans specifically tailored for ISOs. RFC has funded millions of dollars of growth for Agents and ISOs. For more information, please visit www.resourcefinance.com.