Staples Business Loans Powered by Lendio funds 43 businesses in
first 90 days
FRAMINGHAM, Mass.--(BUSINESS WIRE)--May 26, 2015--
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
“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
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
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
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.
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.
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150526005703/en/
Source: Staples, Inc.
Carrie McElwee, 508-253-1405