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Credibly, iControl Announce Partnership to Provide SMBs with Business Loans to Grow
Credibly and iControl Data Solutions announced today that they have entered into a partnership to offer financing and working capital solutions to iControl's clients - including small and medium-sized businesses (SMBs).
NEW YORK, NY and BURTONSVILLE, MD, January 30, 2017 – Credibly, an emerging financial technology and lending platform, and data and payment processing leader iControl Data Solutions (iControl), announced today that they have entered into a partnership to offer financing and working capital solutions to small and medium-sized businesses (SMBs).
Credibly is a best-in-class FinTech platform that leverages data science and analytics to improve the speed, cost, and choice of capital available to SMBs throughout the United States. Since 2010, Credibly has provided more than 9,000 businesses with access to over $385 million in funding, and has earned a spot on the Inc. 5000 list of fastest-growing U.S. businesses for the past three years.
Credibly is dedicated to creating a superior borrowing experience that meets the needs of all small to medium businesses, regardless of product need or credit profile. The company is co-headquartered in Michigan and New York, with additional offices in Arizona and Massachusetts. For more information about Credibly, visit www.credibly.com.
In order meet a wide range of small business capital needs, Credibly offers two classes of financing products that can be funded in as little as 48 hours. Through this partnership, Credibly will offer both current and future iControl clients with:
Working Capital Loans: Featuring repayment terms of 6-17 months and automatic daily payments, these short-term loans are fast, simple, and flexible. Credibly's Working Capital Loans are perfect for healthy businesses with steady revenue, and can be used for virtually any business-related expense or opportunity.
Business Expansion Loans: These large-scale funding products feature longer terms of 18 and 24 months, loan sizes up to $250,000, and highly competitive interest rates as low as 9.99%. Credibly's Business Expansion Loans are designed for well-established companies, offering investment capital to take thriving businesses to new heights
"At Credibly, we believe that small businesses deserve access to right-sized capital, and our partnership with iControl makes good on our mission to help as many entrepreneurs as possible," said Evan Rabinowitz, Vice President of Business Development at Credibly. "We're excited to partner with iControl, and support their customers and distribution partners with access to more affordable capital for small businesses."
“We are really excited to announce our new partnership with Credibly,” said iControl’s Chairman and Co-CEO Tal J. Zlotnitsky. “We have many clients that are SMBs looking for new ways to fund the growth of their business or to just improve the day-to-day working capital of their business. I'm proud that through our new partnership with Credibly, iControl will now offer even more resources to our valued clients.”
iControl provides retailers, consumer product goods companies, brokers, mainline distributors, and DSD wholesalers with a collaborative SaaS solution where they can share critical trading information such as POS activity in a normalized, harmonized, secure web portal. Our platform enables fact-based, timely, data-driven decisions that boost sales, reduce waste, promote efficiency, reward transparency, and align performance metrics. There are over 30,000 retail outlets taking part in iControl’s programs in all 50 states, over 120 retail banners, and over 3,500 suppliers participating. For more information about iControl, visit www.icontroldata.net.