An announcement regarding the partnership between Square Capital & Invoice2go was made today which gives the customers of Invoice2go in the U.S. a rapid and an inclusive way to access to the funding they require for their businesses to expand just by using the mobile app of Invoice2go.
CEO of Invoice2go, Greg Waldorf said: “Access to capital can be the largest obstacle standing in the way of growth for many small businesses. In fact, according to a Federal Reserve survey, a staggering 70 percent of small businesses that apply for traditional loans do not receive the funding they want. Partnering with Square Capital means we can help more one and two-person businesses access the funding they need to buy equipment, invest in marketing, hire staff, or invest in anything else their business needs to grow.”
President of American Cleaning Services, Gabe Ramirez stated: “Our business has seen rapid growth in recent years, and the projects we take on keep getting bigger. But it takes money to grow. The ability to access capital quickly is a tremendous benefit to my business. Having previously taken out traditional lines of credit, I couldn’t believe how quickly I had the funds through Square Capital in my account once I applied. It’s been by far the simplest and smoothest transaction I’ve ever dealt with.”
The Product Manager at Square Capital, Nicholas Chinot stated: “By partnering with Invoice2go, via our new APIs, we can now bring the end-to-end loan application experience directly inside their mobile app. This integration enables us to meet small businesses right on the phone or tablet where they manage their business, and goes even further in taking the ‘work’ out of applying for funding.”