Staples Celebrates Million Dollar Milestone for Staples Business Loans
May 26 2015 - 09:47AM
Business Wire
Staples Business Loans Powered by Lendio
funds 43 businesses in first 90 days
Staples, Inc. (NASDAQ: SPLS) today announced that “Staples
Business Loans” has surpassed a million dollars of funding for
small businesses. The quick and easy access to capital has helped
more than 43 small businesses nationwide, ranging from a lunch
wagon in Virginia to a medical writing company in Georgia to a
construction service business in Ohio. The $1.5 million in loans is
helping businesses expand, hire new employees and build for the
future.
Financing and cash flow are major pain points for small
businesses. Staples teamed up with Lendio, an innovative financial
technology firm and the leading small business-lending marketplace,
to deliver a suite of funding options that help solve these
challenges.
Staples Business Loans is quick and simple with each business
receiving individual attention. It offers more than 20 different
funding options and the flexibility for businesses to use the money
for whatever their business needs.
“At Staples, we’re excited that Staples Business Loans has
already helped 43 small businesses get the right funding,” said
Alison Corcoran, senior vice president, North American stores and
online marketing, Staples. “We know that small businesses are the
backbone of their communities. We’re proud that Staples Business
Loans is helping business grow and helping owners make their dreams
come true. We are committed to helping small businesses by
providing everything they need to make more happen in their
business through products and services they need including
capital.”
A few of the recent Staples Business Loans success stories
include:
- Hit Medical Writing in Alpharetta, Ga.
– Staples Business Loans helped the owner hire three more employees
to grow the business.
- Digital & Project Services LLC in
Columbus Ohio – Received funding for future projects in low voltage
installation and expansion into plumbing.
- Bubba Nubb’s Lunch Wagon in North
Dinwiddie, Va. – Helped owner purchase equipment and trailer to run
a food truck business.
- HiMacc Remodeling in Dunellen, N.J. –
Received funding for future remodeling projects and cash flow.
Visit Staples.com/BusinessLoans to learn more.
Why Staples Business
Loans?
The current funding process for a small business is time
consuming, complex and often does not result in the small business
actually getting a loan. Small businesses contact at least 3
different financial institutions for help and spend an average of
33 hours applying for credit, according to the Federal Reserve Bank
of New York Small Business Credit Survey, spring 2014. Staples
Business Loans allows small business owners to apply once and
receive multiple funding options.
The new Staples Business Loans service uses Lendio’s great
technology and eliminates complexity and frustration for small
businesses seeking financing. It includes:
- Broad set of funding products such as
lines of credit, SBA loans, term loans, merchant cash advances, ACH
advances, equipment loans, commercial real estate loans, factoring
and more;
- More than twenty different funding
options for loans ranging from $2,500 to $1 million;
- The ability to see all funding options
available with just one application;
- Personal attention from a loan advisor
to guide small businesses through the entire process;
- Impartial advice to help understand the
pros and cons of each option so small businesses choose what is
right for their needs;
- Fast funding within days, not
weeks.
Staples evaluated more than 30 financial services firms before
teaming up with Lendio.
About Staples:Staples makes it easy to make more happen
with more products and more ways to shop. Through its world-class
retail, online and delivery capabilities, Staples lets customers
shop however and whenever they want, whether it’s in-store, online,
on mobile devices, or through the company’s innovative buy online,
pick-up in store option. Staples offers more products than ever,
such as technology, facilities and breakroom supplies, furniture,
safety supplies, medical supplies, and Copy and Print services.
Headquartered outside of Boston, Staples operates throughout North
and South America, Europe, Asia, Australia and New Zealand. More
information about Staples (SPLS) is available at
www.staples.com.
About Lendio:Lendio is a free online service that helps
business owners find the right small business loans within minutes.
The center of small business lending, our passion is fueling the
American Dream by uniting the small business loan industry, and
bringing all options together in one place—from short-term
specialty financing to long-term low-interest traditional loans.
Our technology makes small business lending simple, decreasing the
amount of time and effort it takes to secure funding. More
information about Lendio is available at www.lendio.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150526005703/en/
Staples, Inc.Carrie McElwee,
508-253-1405Carrie.McElwee@Staples.com
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