Speedy Business Funding has announced an expansion of its services for small business owners who need new capital to support their ongoing operations in a challenging environment.
Stellar Payment Systems (SPS), a financial services provider based in Miami, Florida, has expanded its range of services for business owners looking for a convenient solution to support their operations. The company now provides business loans to entrepreneurs in all 50 states that can be used to meet various needs.
More information is available at https: //starpay.com
With the updated service, SPS seeks to help businesses grappling with the impact of the pandemic on their operations. The company aims to support businesses through financial programs with flexible repayment terms to overcome economic obstacles quickly and easily. The company’s goal is to streamline the financing process for small business owners and meet the growing demand for working capital from distressed entities.
According to recent statistics, up to 66% of small businesses in the United States have encountered financial hurdles in the past year, with failure to manage operating expenses becoming the most common problem. When asked what action they would take in the event of a loss of two-month income, nearly half of affected business owners said they would depend on their personal funds, and 17% admitted they would shut down. .
Although the share of companies that applied for funding in 2020 and 2021 has remained unchanged since 2018, almost 50% of those surveyed said they would consider securing additional funding in the future.
Those who decide to take advantage of the updated service from SPS will benefit from a fast approval process even if they have a bad credit history. Average business finance time is 48 hours, but same day is possible, allowing businesses to access vital capital when they need it most.
The company’s services are aimed at helping small businesses that are often denied critical financing by traditional lenders. Additionally, SPS aims to prevent customers from having to meet multiple conditions to become eligible for a loan and wait weeks or even months for financing.
The company generally approves funding for eligible applicants who have at least $ 4,000 in monthly deposits to a business checking account, no credit qualifications, are not open bankrupt, and have not been reported for too many. negative daily balances on their account.
SPS loans can be used for different purposes. Businesses can obtain funds to resolve unforeseen issues such as equipment breakdown, pay bills and taxes, cover labor costs, support an advertising campaign, or simply replenish general cash flow.
Interested parties can check if they are eligible for an SPS loan by completing a pre-approval form available on their website.
For more details, visit https: // stellarpay.com
Name: Scott Clymo
E-mail: Send an email
Organization: Stellar Payment Systems
Address: 845 Northeast 79th Street, Miami, FL 33138, USA
Phone: + 1-305-396-6774
Version number: 89057945
COMTEX_399870970 / 2773 / 2021-12-31T07: 00: 29