Partnership Enables Sage Payment Solutions Clients Access to Financing Through RapidAdvance

BETHESDA, Md., May 17, 2011 /PRNewswire/ -- RapidAdvance (http://www.rapidadvance.com), a leading provider of alternative financing to small businesses, announced today it has entered into an agreement as a merchant financing provider for Sage Payment Solutions, the payments division for Sage North America. This partnership will give merchants processing with Sage Payment Solutions the ability to access capital for their business through RapidAdvance.  For Sage Payment Solutions ISOs wishing to participate in RapidAdvance's merchant cash advance program, Sage Payment Solutions will now provide RapidAdvance "split funding" services for merchants of Sage Payment Solutions ISOs to allow for a speedy and seamless repayment to RapidAdvance.

This partnership will enable Sage Payment Solutions to offer its merchants a best-in-class funding solution, helping those merchants gain access to much-needed financing for their business. This relationship will also support Sage Payment Solutions' ISOs in expanding and retaining their customer bases by providing a financing solution in conjunction with their broad range of payment solutions.

"We are excited that Sage Payment Solutions has added RapidAdvance's merchant financing solutions to their expansive line of merchant services.  This relationship will allow merchants to combine two industry leaders to enhance and strengthen their businesses, in addition to providing Sage Payment Solutions ISOs with a simple and easy working capital solution to support and grow their merchant base," explained RapidAdvance's CEO, Jeremy Brown.

About RapidAdvance

RapidAdvance is a leader in the alternative financing industry providing financing to meet the working capital needs of small and mid-sized business owners.  RapidAdvance offers small business owners a suite of products designed to meet all of the capital needs of established low risk businesses, businesses with financial challenges, and newer businesses.   RapidAdvance's suite of products offers business owners of all types the ability to obtain financing to grow their business.  RapidAdvance's funding programs provide funds for any business purpose including purchasing new equipment, inventory/seasonal merchandise, expansion/remodel, pay off debt/taxes, and emergency funding.  RapidAdvance also offers a partner program for companies who work with small businesses.  RapidAdvance is based in Bethesda, Maryland.

Company URL: http://www.rapidadvance.com

RapidAdvance is a registered trademark of Rapid Financial Services, LLC.

Mark Cerminaro
Sr. VP Sales & Marketing
240-482-4685
[email protected]

SOURCE RapidAdvance