Hispanic entrepreneurs need a financial services firm they can trust and grow with to obtain capital, so they can focus on what’s most important to them – running their business.
Miami, FL (PRWEB) November 03, 2015
Lendinero, the leader in online lending for Hispanic small business, today announced a major expansion of its products to help Hispanic businesses. The company has partnered up with Wall Street capital to offer a wide range of alternative lending solutions and new initiatives for Hispanic business owners.
Hispanic business owners are underserved in the online lending industry. Lendinero has launched new marketing initiatives to reach more Hispanic businesses across the nation. In addition, it has expanded its loan programs to help Latino entrepreneurs at every stage of their business’ lifecycle.
Key features of the new financing solutions for Hispanic businesses in the United States include:
Credit Builder Solution.
This solution enables Hispanic businesses to establish business credit.
Expanded loan terms:
Business loan terms ranged from 3 months to 9 months. Now, with expanded terms, these businesses can obtain extended terms up to 24 months.
Increased loan size:
Lendinero can provide a business loan up to $500,000 for borrowers who qualify.
When customers demonstrate the ability to repay back their loan, Lendinero can offer interest rate reduction, term extension and limited documentation requirements to refinance.
“Hispanic Small businesses are growing every day and they are not aware of these solutions. Our goal is to make sure that these entrepreneurs know that these options exist. At Lendinero, we are constantly striving to better serve the full spectrum of their varying capital needs,” said Gil Zapata, founder and Managing Director at Lendinero. “These solutions allow Latino businesses to obtain better terms, rates, and more capital to help them grow their business at every stage."
"The first loan that Lendinero provided to us was for $10,000. Several months later, they increased my loan to $30,000. Two years later, I have obtained over $200,000 from Lendinero. Our company's gross earnings doubled with the capital Lendinero provided to us," indicated Nestor Membreno, owner of Jose Herbs and Produce Inc. out of Miami, Florida.
Since 2012, Lendinero has been actively assisting Hispanic businesses with their capital needs. In addition, Lendinero utilizes its funding partners' technology to deliver a fast credit decision to the largely underserved Hispanic small business community. The marketing initiatives to reach more Hispanic businesses will give more Latino businesses access to alternative capital. The product expansion and loyalty initiatives will provide these business owners the support they need to obtain capital on an ongoing basis with enhanced features. Latino businesses will have access to bilingual financial advisors who will assist them with assessing needs, return on investment, and obtaining the capital they need.
“Hispanic entrepreneurs need a financial services firm they can trust and grow with to obtain capital, so they can focus on what’s most important to them – running their business. We’re excited to expand our products, initiatives and solutions to Latino Businesses,” said Zapata.
For more information about Lendinero’s expanded products and lower rates, visit http://www.lendinero.com.