Merchant cash advance provider AdvanceMe has teamed up with RBS Lynk, the U.S. payment processing arm of The Royal Bank of Scotland Group (NYSE:RBS), to expand RBS Lynk's portfolio of products targeting small and midsize businesses. The company will now offer AdvanceMe's Merchant Cash Advances to help clients access capital quickly, despite the recent credit crunch.
RBS Lynk is a single-source provider of electronic payment processing services, including credit, debit, EBT, checks, gift cards, e-commerce, customer loyalty cards, fleet cards, prepaid cards, ATM processing and cash management services. AdvanceMe helps small businesses grow by providing working capital.
"In our continual effort to provide customers with the most innovative and growth-oriented products available, RBS Lynk sought a Merchant Cash Advance provider that could demonstrate a track record of success in serving both its merchants and partners," Thomas Konz, senior vice president of marketing for RBS Lynk, said in a statement.