“BitX Funding is dedicated to supporting small enterprise by way of the COVID-19 outbreak by serving to them by way of a really hectic time,” mentioned Todd Rowe, President of BitX Funding. “We obtain calls from small companies with W2, 1099 and sole proprietors who’re confused and do not know the place to start. The BitX platform and customer support mix to supply a frictionless course of for enterprise homeowners who apply for the Paycheck Safety Program, making certain fast response and full transparency. This system continues to evolve, and the primary spherical of lending was allotted so shortly this system ran out of funds. We advise enterprise homeowners to maintain urgent ahead and to course of their functions in preparation for the following wave when the Congress and Senate approve further funding. Giant banks are offering minimal assist and steering to the enterprise neighborhood, so we advocate placing in an utility with BitX. Allow us to see who funds first.”
The Paycheck Safety Program is a part of the $2 trillion CARES Act that was created in March 2020 to maintain America’s small companies afloat together with its workforce. BitX helps to interrupt by way of the bottleneck and to expedite PPP loans as small enterprise homeowners proceed to use at an unprecedented scale.
Since 2013, BitX Funding has generated over $50 million in financing for small companies nationwide by breaking down limitations inside conventional banking by way of a web-based market that pairs small-business homeowners with optimum lenders providing startup loans, enterprise strains of credit score, short-term mortgage, mid-term mortgage, SBA mortgage and service provider money advances. Todd Rowe, President of BitX Funding, is an skilled non-bank lender throughout the fintech universe whose company initiatives assist his mission of galvanizing the economic system of small companies. Through the pandemic, he’s seeking to underscore his assist by increasing the processing and servicing wanted to assist the neighborhood. BitX Funding can speed up the enterprise mortgage course of and hole funding that may assist your small enterprise succeed.
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