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Canada’s Leading Merchant Cash Advance Provider Changes their Name from CFC to AdvanceIt
Cesef Financial Corporation (CFC), Canada's leading Merchant Cash Advance provider for small and medium sized businesses, announced today that they have changed their name to Advanceit Financial Corporation.
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May 16, 2008 (FPRC) -- Cesef Financial Corporation (CFC) announced today that they have changed their name to Advanceit Financial Corporation. The name Advanceit best reflects the company’s core business – advancing money to small and medium sized Canadian businesses by purchasing future debit and credit card receivables.
The decision came after the Advanceit team realized that customers did not identify the name CFC with merchant funding. “As the leading Canadian source of merchant funding our name needs to reflect something that our customers can easily identify with and remember” explained Peter Mazoff, Advanceit President. " It is critical to us that our merchants have a clear image of who we are and how our service benefits them.”
About Advanceit
Founded in 2006, in Montreal, Canada, Advanceit is the Canada’s first and largest source of Merchant Cash Advances. As well, Advanceit is still the only Canadian company offering merchant cash advances in the Canadian market. Advanceit works with the leading debit and credit card processors to provide financing to small businesses based on their future electronic payment sales. Merchants use Advanceit capital to renovate, purchase or upgrade equipment and supplies, open a new location, purchase inventory to gear up for a busy season, to help get through a slow season, or any business needs that might arise. Merchants receive their funding within 72 hours and unlike traditional financial institutions, no personal collateral is required.
For more information, please visit our website at: www.advanceit.com
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Contact Information
Lauren Teblum
Tel.: (514) 670-9745 x 315
E-mail: lauren@advanceit.com
Send an email to Lauren Teblum of Advanceit
514-670-9745 x 315
Keywords:
merchant cash advance, merchant funding, advanceit
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