After carefully reviewing their contract we were able to fix their Clover system and replace other outdated equipment. We also replaced equipment that was still under warranty with clover for the client. After numerous conversations with their current processor - we realized their processor was not willing to reduce their fees which were above 4%.
With our affiliate Clover / Fiserv relationship we were able to offer a 70% reduction of their monthly merchant fees. Saving the organization's four locations an annual total of approximately $72k!
As the economy still struggles coming out of COVID we are dedicated to helping all of our business owners to obtain working capital to operate and expand their businesses. In the month of November alone we were able to inject a total $1,300,000 million dollars into several of our current business clients in NY & FL. When their bank says NO - we believe in our clients' potential. and we say YES.
With the growing demand to build new homes and rehab properties, we have expanded our real estate funding segment to help more real estate investors. In the month of November 2021, we were able to lend to our real estate client a total of $6 million in FL, NY, and MA.