Cash Advance JV
BlueSquare is pleased to announce a new funding commitment to an MCA Joint Venture. Under the new agreement, BlueSquare is comitting an additional One Million Two Hundred Thousand dollars ($1,200,000.00) in 2014 on top of the investment of Six Hundred Thousand Dollars ($600,000.00) we made in 2013 bringing our equity investment to nearly Two Million Dollars ($2,000,000.00). “As evidenced by several transactions completed last year and several in the works this year, BlueSquare is constantly looking for creative ways to add value and provide debt and or equity into our sales partners businesses. By utilizing bankcard residuals as well as RTR as a form of collateral is something that many specialty lenders and others in the payment space have a tough time getting comfortable with. We are pleased with our year ending 2013 performance and have subsequently made another sizeable commitment for 2014” Said Nick Glimcher and Sabin Burrell, Co-Founders of BlueSquare.