Advantex Secures Financing To Support Up to $20 Million in Small Business Financing

Executive Summary

• Advantex Dining Corp., a wholly‑owned subsidiary of Advantex Marketing International Inc., has finalized a financing arrangement with a new funder.
• The agreement enables Advantex Dining to originate up to $20 million in small‑business advances, which will be sold to the funder under a Receivables Purchase Agreement.
• Advantex Dining will service the advances and receive a servicing fee plus a revenue‑share based on performance, expanding the company’s financing capabilities and long‑term revenue potential.

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 under a Receivables Purchase Agreement.
• Servicing & Compensation: Advantex Dining will act as servicer, earning a servicing fee and an opportunity to share revenue generated from the advances based on performance metrics.
• Strategic Impact: The arrangement is positioned as a “significant opportunity” to broaden Advantex’s small‑business financing platform and enhance long‑term revenue streams.

Notable Quotes

(No direct quotes were provided in the release.)