Page 32 - GS171101

CompanyProfile

ISO/MLS contact:
Denise Shomo
President
484-638-6804
denises@cutterfinancial.com
www.cutterfinancial.com

Funding with strength, speed and trust

enise Shomo, President of capital financing average valuation that excludes fluctuations in volume
company Cutter LLC, understands her clients throughout the year. There is no minimum amount to
well, because she once ran an ISO and sold qualify. Cutter looks at large and small portfolios equally
D her merchant portfolio to Cutter. Negotiations and has quick approval turnarounds.
for that transaction went so well that when the sale was
complete, Cutter founder David Daily offered her a job, "As soon as I get the customer data, I start working the
which she accepted. same day, and I try to get an offer to them next day,"
Shomo said. "That is my goal. Most times I'll make an
Franklin, Tenn.-based Cutter LLC was founded in 2006 offer, and if it is accepted, then we start moving forward
to provide ISOs and merchant level salespeople (MLSs) a to the remainder of the due diligence."
means to sell their portfolios to build their business and
to be fairly compensated in the process. Daily described Once a sale is finalized, the transfer of merchants to Cutter
Cutter as a "very, very simple company" that provides is a smooth and seamless process, according to Shomo.
ISOs and MLSs with working capital from their residual "The ISO moves the merchants into a portal where we
streams. "That's all we do," he said. provide full support, and the merchants don't know they
were sold," she said. "We don't make an announcement
Shomo said the company works hard to be a partner and that their account has been sold; we fly under the radar
that flexibility helps make it work. She also noted that but let them know we are here assisting. When you spend
growth is a primary goal of many who turn to Cutter for all that time and effort signing up merchant accounts,
financing options. "The majority of clients we deal with you have a relationship with those merchants, and you
are looking to use the funds we provide to grow, so they want to hand them off to someone you trust to do a good
don't entirely deplete their cash flow. For example, if they job. We feel we are best at that."
have a $10,000 residual stream coming in each month,
they might want to sell $5,000 and get an influx of cash, Prompt referral payments, longevity
start a sales team, or apply it towards buying equipment, Cutter prides itself on providing generous fees to
research development, or product investment." customers who refer business. "Once an ISO sends a
referral to us, they actually get paid for it," Shomo said.
Daily stated that Cutter purchases whole and partial "I've heard nightmare stories, where people have referral
portfolios and has no regional limitations. "We can do programs and they never get paid. As soon as we close,
business with people who have a lifetime residual and we pay the referral source. We do our best to close every
do not actually own the contract, but own the residuals," deal you send us even if it's really small, because it's
Daily added. important to us to take care of our clients."
Quick approval, easy transition
Shomo also emphasized that Cutter is a company you can
According to Daily, Cutter distinguishes itself from other trust to treat you fairly. "We offer fair market value for
businesses by its research. It completes essential fact unique characteristics," she said. "For all those reasons,
gathering to develop a full understanding of each ISO we have never disappointed a seller in an acquisition.
or MLS portfolio under consideration. When qualifying We have always had successful acquisitions, and the fact
a potential customer for financing, Cutter reviews 12 that we have been around for so long shows that we are a
months of a client's portfolio data to determine a consistent strong company."

32