CFG Merchant Solutions (“CFGMS”) is a privately held and operated specialty finance and alternative funding platform. We focus on delivering funds to small and mid-sized Merchant e-solutions in the United States who have historically been underserved by traditional financial institutions and have had trouble receiving timely funding. Our team has more than 60 years of experience in lending, commercial finance, and financial markets in institutional financial services.
We’ll do it this way:
We’re not a bank or an intermediary. We’re direct investors with a keen interest in your business. We are business owners ourselves, and we understand how difficult it can be to get flexible and quick financing. CFGMS uses innovative analytics and technology, to give rapid and efficient access to financing. We appreciate connections just as much as we value the speed and efficiency of technology. Our working capital programs include Small Merchant e-solutions, Advances, Merchant Cash Advances, Invoice Factoring, and Purchase Order Funding.
Whom We Help:
CFGMS works with small and medium-sized Merchant Processing to expand their operations by using working capital proceeds. Whether it’s to acquire inventory or equipment, bridge seasonality, support expansion, or invest in marketing and advertising, CFG can build a working capital solution to meet a company’s needs. CFGMS knows how to get a transaction from Merchant Processing to alternative funding as quickly as possible to meet our customer’s specific working capital needs. We at CFGMS are proud of our organization, and we place a high emphasis on customer service and the client experience.
WHY SHOULD YOU CONSIDER COLLABORATING WITH US?
When you collaborate with us, you are collaborating with us. There is no Merchant Processing, no intermediary, and no loan. Only your company and our experts work together to complete your application, get it recognized, and get it funded as soon as possible. Our strategy incorporates low-income verification, limited credit history information, and a short turnaround time to serve you as swiftly as feasible. We pride ourselves on our ability to keep things easy, and we want to assist you in becoming a successful Merchant Processing owner.
How does a Merchant Cash Advance work?
Obtaining cash and securing appropriate funds to maintain and build a company difficult for business owners. Banks and traditional lenders reject many Merchant Processing business loan applicants. Fortunately, there are alternative options for funding your company!
Merchant Services cash advances are the appropriate solution for business owners who cannot secure a traditional loan. They let you apply for and get funds quickly, as well as have repayment flexibility.
A CFG Merchant Solutions, merchant cash advance is a purchase and sells transaction, not a loan. As the merchant, you agree to sell a portion of your current sales at a discount today. CFG Merchant Solutions either receives a predetermined percentage of your credit card sales or debits your bank account daily until a specific amount is reached, making it a cash flow-friendly working capital solution.
Our Approach to Research
At CFG Merchant Solutions, we don’t just offer financing solutions, but also provide the research and analysis necessary to help businesses succeed. Our approach to research is comprehensive and includes the following key steps:
· COMPLETE THE APPLICATION
We can provide any financing; we need to understand your business. That’s why we offer an online application that you can fill out and submit with any supporting paperwork. This application will help us assess your eligibility for an MCA, or merchant cash advance.
· PROPOSAL
Once we analyze your financial statements, we will create a customized proposal based on your business’s needs. This proposal will outline the terms of the agreement, the expected repayment schedule, and other pertinent information.
· FINANCING
After our underwriting team has finished their work, we will fund your business in less than 24 hours. This speed of service is unparalleled in the industry and allows you to quickly access the capital you need to expand your business.
Consider joining our team.
Potential transactions can be introduced to the CFG platform by qualified third-party financial intermediaries and other specialists. Referrals are appreciated by the community or regional bankers, accountants, lawyers, business consultants, and independent brokers or sales organizations. In exchange, CFG provides a competitive fee to our referral partners.
CFG values its referral partner network and aspires to be one of the most user-friendly alternative finance platforms on the market. Because we are committed to offering outstanding Merchant Services and a positive customer experience, we will work one-on-one with our sales partners. CFG Merchant Solutions is well-known in the alternative funding industry, with a high contract acceptance rate. We can fund almost any transaction.
Financing for Business Growth that Meets Your Specific Requirements
Lateral Investment Management is a private investment firm that helps owner-operated middle-market businesses in North America achieve transformational growth using customized finance and equity approaches. We prefer to deal with successful Merchant Services owners who are confident in their future growth, as well as companies that have reached a critical juncture and require considerable cash and assistance to move further.
We’ll help entrepreneurs and cfg merchant solutions to find institutional investors without losing control. We are willing to work with you to find a solution to a problem. In addition to capital, we provide strategic insight, industry connections, operational skills, and value-added resources to help companies position themselves for long-term success.
Accelerating your company’s growth and realizing its full potential
Lateral was founded for entrepreneurs, focusing on company owners with established and growing companies looking for additional money and support to take their companies to the next level. Any successful cfg merchant solutions path is full of unexpected twists and turns, as we all know. Rather than employing a cookie-cutter approach,
Lateral creates custom finance solutions and expert support for each specific instance. We collaborate with our portfolio companies as trusted advisors, allowing them to use our full range of value-added resources and expertise.
CFG Merchant Solutions’ Advantages
The internet lending corporation offers several different forms of small business loans. Let’s have a look at the advantages:
1. Fast Cash
Having access to quick cash is usually advantageous in an emergency. If you own a business and need working capital, waiting for a bank loan is impossible. A bank can take up to three months to fund a loan. A lot of industries have been outlawed. However, like with other internet lenders, they did an outstanding job here. You should expect to be paid within 24 to 72 hours. That’s good news for anyone in need of cash quickly.
2. Create a document with the least amount of data possible.
In our previous lender assessments, we mentioned that internet lenders require less documentation more than 20 times. Because CFG Merchant Solutions is an online lender, you won’t have to submit paperwork. Your business and personal details, as well as your driver’s license and a few other documents, are all that are required.
3. A high rate of approval
According to the website, the online small business loan has an acceptance rate of 80%. If you make monthly payments and have no poor credit history, you will be approved swiftly.
4. Flexible payment
The repayment terms and plans are one of the best parts of a business loan. Most internet lenders provide short-term loans as well as daily and weekly payment choices. In addition, the small business owner may not be able to make payments. Payments can be made on a daily, weekly, or monthly basis.
CFG Merchant Solutions’ drawbacks
Like other lenders, this financial organization is not without issues. Knowing all of the benefits and drawbacks will make it much easier to make a more informed decision. You’ll be able to compare yourself to other people as well. So, let’s have a look at the disadvantages of CFG Merchant Solutions.
1. A little on the pricier side
Operating capital from CFG Merchant Solutions is a little more expensive than regular bank loans. It is not the financing for you if you’re looking for a low-interest business loan.
2. Additional Fees
The cfg merchant solutions already have a high-interest rate. There are also additional fees, such as maintenance fees and processing costs.
3. There isn’t a credit line available.
A business line of credit is a loan solution for small business owners. The majority of internet lenders offer a business line of credit.
4. The number of lending programs reduced.
They primarily offer working capital and merchant cash advance loans, and they do not offer other typical business loans such as PPP loans, SBA loans, Lines of Credit, or unsecured startup loans. If you’re looking for an online lender with loan possibilities, Credibly is a choice.
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