Bankrate and SmallBusinessLoans announced a new partnership aimed at helping small to medium-sized businesses (SMB) access financing solutions to facilitate plan operations.
The new partnership aims to save SMB owners time and energy, freeing them to focus on building their business’s operational success and financial wellbeing, adds both firms. SmallBusinessLoans matches qualified entrepreneurs to lenders who may provide short-term financing for business operational needs and growth opportunities. Its network of recommended financing providers includes fintechs, banks and financial services companies. SmallBusinessLoans also provides a network of established, reliable business services vendors.
“We’re delighted Bankrate chose us,” says SmallBusinessLoans President Joe Valeo. “We’re proud they recognized how we’ve built best-in-class financing technology, fed by algorithms tapping into more than 25 years of financial services data. It allows us to quickly connect potential business borrowers to vetted funders that are uniquely suited to meet SMB needs. In addition, our network of business service providers delivers trusted vendor sources, almost immediately.”
In a statement, Bankrate said it recognized that accessing funds and finding service resources can be difficult for entrepreneurs at any scale, including startups or more-established entities.
“SMBs trust Bankrate to help them find financing and related services to help their business thrive,” said Richard Jordan, Bankrate head of Brand Partnerships. “We realized that if we could identify a trusted partner that could seamlessly provide access to tailored financing solutions and business services, we could help alleviate an epidemic of cashflow- and operations-driven stress. That’s why we did our due diligence and chose to partner with SmallBusinessLoans.”
Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with over six years of experience and a passion for telling stories and reporting news. Amanda received her degree in journalism and government and politics at St. John’s University. She is originally from Queens, New York, but now resides in Denver, Colorado with her partner. In her free time, Amanda enjoys running, cooking, and watching the latest drama show.
