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What to do, what to see? In Port Alberni, BC

Looking for a business loan?

Posted on Aug 14, 2012 in Mortgage Market Updates and News

Port Alberni Mortgage

Looking for business financing? 

TMG Merchant Capital Program is a purchase of your future debit/credit card sales for a discount today. The obligation is paid back through a small percentage of all of your debit/credit card transactions (this percentage ranges between 5-15% for the TMG Merchant Capital Program). The benefits of this program versus conventional sources of financing are as follows:
 
- Payments to the financing company are FLEXIBLE:
 There are NO fixed payments. Since the payments to the financing company are based on a percentage of debit/credit card sales, they are completely variable.
- It’s FAST:
 There are no lengthy wait times that are typically experienced when applying for a business loan with the bank. Upon receipt of an application, we are able to fund our clients within 7 days.
- It’s SIMPLE:
 Our fully automated system makes your life easy. You never need to write a cheque. Our system uses automated transfers so you never need to worry about making a payment.
- You DO NOT NEED any collateral to qualify:
 The TMG Merchant Capital Program is not a collateral-based financing model. The security in the transaction is the future debit/credit card sales. We do not require collateral, there are no personal net worth statements required, and we do not analyze the value of the assets in your business.

A TMG Merchant Capital Program can be used for any business purpose, such as purchasing inventory, renovations, acquisitions, advertising & marketing, expenses etc. Future debit/credit card sales are purchased for $0.60-$0.80 on the dollar (exact discount differs for each transaction) with a forecasted program length of 9-10 months.

Example:
An owner of a restaurant which processes approximately $30,000 of debit/credit card sales per month receives a TMG Merchant Capital advance of $24,500 in exchange for $32,400 of future debit/credit card sales collected using a 12% withholding. TMG Merchant Capital withholds 12% of all debit/credit card transactions until it receives $32,400 which in this example would take approximately 9 months. Once the restaurant owner has repaid the majority of the payback amount, he is eligible for a renewal.

Call Sharie Marie Francoeur today to see if you qualify and find out more 2507300239


Contact

I'm looking forward to connecting. Due to being in and out of meetings both for council and business, email is typically the best way to get in touch with me. If you prefer to call, that's fine as well, it just may take me slightly longer to get back to you. Texting is also welcomed.
  • TMG - The Mortgage Group Canada Inc.
    3610 Estevan Drive, Port Alberni, BC, V9Y 5R2
  • Cell: 250.731.8735
  • Fax: 1.877.474.5346
  • Email: sharie@mortgagegrp.com
  • RE/MAX Mid-Island Realty
    4213 Princess Road, Port Alberni, BC, V9Y 5R2
  • Phone: 250.723.5666

Please feel free to use the form below to contact me.

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