WILMINGTON, Del.--(BUSINESS WIRE)--Swift Capital, one of the leading providers of working capital to small businesses, announced today that it has partnered with Lendio, the nation's premier source of online business financing options to offer its business capital solution to small businesses. Swift Capital provides working capital through its merchant cash advance product to established businesses at a significantly lower price than established providers. Through Lendio’s industry leading platform, more small businesses will get connected to the funding they deserve, and at much better prices.
Since 2007, Swift Capital has extended over $250 million in working capital to small businesses through Line of Credit and Merchant Cash Advance products.
“We are very pleased to partner with Lendio,” said Ed Harycki, founder and CEO of Swift Capital. “Lendio’s cutting edge technology platform matches small business owners with viable financing options. Adding Swift Capital’s merchant cash advance solution will now help scores of small businesses who have been unable to secure traditional financing from their banking institutions.” Mr. Harycki continued, “Lendio is stepping in to a space typically occupied by banks and commercial bankers in order to meet the working capital needs of deserving small business owners. Lendio is providing a service essential to the survival of small businesses and entrepreneurs, and Swift Capital is proud to assist in that effort.”
"Securing financing is the lifeblood of small businesses, and is what will keep this economy going," said Brock Blake, CEO of Lendio. "We're very excited to partner with Swift Capital to help offer our customers merchant cash advances at a lower rates than you can find around the country."
About Swift Capital
Swift Capital is one of the nation's leading providers of working capital solutions to small businesses. Since 2007, Swift Capital has provided over $250 million in working capital through lines of credit and merchant cash advances to over 10,000 businesses in all 50 states. Small businesses are able to use working capital provided by Swift Capital to renovate, purchase new equipment and supplies, fund advertising, manage unexpected expenses and seasonal downturns and free themselves from second mortgage liens and personal guarantees associated with traditional bank loans. For more information about Swift Capital’s working capital solutions, call toll-free 1-888-923-0010 or visit www.SwiftCapital.com.
Lendio makes small business loans simple by matching qualified small business owners with active banks, credit unions, and other lending sources. Through a proprietary matching technology, Lendio assists a business owner to identify the business loan category and specific lenders that offer the highest probability for that business owner to prepare for and secure a business loan approval. For more information, contact Lendio at press(at)lendio(dot)com.