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According To Michelle Radio w/ Special Guest Managing Director of CreditHub Benjie Nunn
Manage episode 327270531 series 3326108
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The organization provides access to business credit, private investors, exclusive finance options that aren’t easily accessible on their own, and free resources and consulting. These assist businesses in seeking and finding appropriate sources for the capital needed for long-term growth. Such resources, while always essential, have been more necessary than ever. Due to the unprecedented challenges faced by businesses over the past year, CreditHub’s help enabled many enterprises to maintain services amid unprecedented conditions.
Based in Chattanooga, Tennessee, with offices in Georgia and California, CreditHub has always offered Small Business Administration (SBA) loans, including SBA 7 and SBA 504. Yet during the pandemic, FinTech companies like CreditHub were given the opportunity to offer government-backed Paycheck Protection Program (PPP) and Economic Injury Disaster (EIDL) loans. These services were provided free of charge. An important point for companies in need of funds.
Entrepreneurs have enough to deal with in normal times, including the difficult task of finding capital to expand. In this unprecedented era, entrepreneurs were also faced with the difficult challenge of learning to navigate the new reality. The team at CreditHub hosted and participated in panels with the goals of educating the business community and decreasing their learning curve.
Specifically, the landscape of obtaining business capital changed quickly for traditional as well as alternative sources of financing. CreditHub professionals are equipped to guide both small and large businesses through the qualification process. The organization has also partnered with businesses by providing access to grants and funding for minority, women, and veteran-owned companies.
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