Cashline Inc.

Sep 04, 2008 12:58 ET

Retransmission-Cashline Inc.: Innovative Loan Alternative for Small Business Now Available

VICTORIA, BRITISH COLUMBIA--(Marketwire - Sept. 4, 2008) - Cashline Inc., a leading provider of ATM and related financial services in Canada, today announced an innovative loan alternative designed specifically for small to medium sized businesses in Canada.

A Merchant Fast Cash is a "small business-friendly" service that converts or "advances" future credit card sales and/or ATM fees into immediate cash, quickly and easily. Unlike a bank loan, which for many small businesses can be a frustrating and time consuming process, a Merchant Fast Cash does not require the business owner to provide business plans, financial statements, or pledge assets as collateral. The only requirement is the business has been operating for at least 12 months and can provide a record of past credit card sales and/or ATM fees.

"Merchant Fast Cash is an innovative loan alternative for small business - with a more personal touch. No hassles, hurdles or hoops to jump through...just a simple process to get the business owner the cash he or she needs - quickly and conveniently...usually in a couple days," says Steve Clark, founder and owner of Cashline Inc.

Clark went on to say, "banking surveys indicate the highest demand for borrowing is from small, newer businesses yet this group is 3 times more likely to be denied. It has become increasingly difficult over the past couple years - due in large part to the subprime credit issues in the US - for the small business owner to access capital for business improvements like expansion, renovations or new equipment."

Through an alliance with the major Canadian credit and debit card processors, a Merchant Fast Cash is repaid by re-directing a small percentage of a business' daily sales. And, unlike a loan, there is no fixed lump sum monthly payment - the repayment "ebbs and flows" with the sales trend of the business.

"The repayment system Merchant Fast Cash has designed is fantastic for a business with seasonal ups and downs...it makes it easier to get through those lean months," says Adriel van Vliet, owner of a retail art framing business.

Merchant Fast Cash is available to all Canadian businesses and can be accessed through the web at www.merchantfastcash.ca or through the Cashline website at www.cashline.ca or by calling 1 877 595 2346.

About Cashline Inc.

Cashline is one of Canada's leading ATM and related financial services companies with over 800 ATM machines throughout Canada. Since 1997 the company has processed over $4 billion in debit and credit card transactions with the highest "uptime" and customer satisfaction ratings in the industry.

For more information, please contact

Cashline Inc.
Steve Clark
Founder & Owner
(250) 920-9750 ext 222
Email: steve@cashline.ca
Website: www.cashline.ca