Advantex Dining enters $20-million financing

Executive Summary

• Advantex Dining Corp., a wholly‑owned subsidiary of Advantex Marketing International Inc., has closed a financing arrangement with a new funder.
• The agreement enables Advantex Dining to originate up to $20 million in small‑business advances, which it will sell to the funder under a receivables purchase agreement.
• Advantex Dining will service the advances, earn a servicing fee and receive revenue‑share upside based on performance, expanding the company’s small‑business financing capabilities.

Key Details

• Financing Scope: Up to $20 million of small‑business financing can be originated by Advantex Dining.
• Structure: Advances are originated by Advantex Dining and the receivable rights are sold to the funder pursuant to a Receivables Purchase Agreement.
• Servicing & Fees: Advantex Dining will act as servicer, earning a servicing fee plus an opportunity to share revenue generated from the advances based on performance metrics.
• Strategic Impact: Provides a new revenue stream and expands Advantex’s capability to provide working capital to merchants and small businesses.

Notable Quotes

(No direct quotes were provided in the release.)