Many companies and employees that left their offices in March 2020 didn’t realize that we may not return to it and if we did, the office would likely be much different than what it was. As the pandemic pushes more into unemployment and forces companies to remain working remotely, the more important a company’s access to reliable capital becomes.
FastPay recognizes the value and necessity of the automation of lending processes to ensure business continuity for our borrowers. The FastPay Capital portal facilitates and broadens the interaction between our Operations team and borrowers to provide complete transparency through funding processes. It enables us to remotely set up new facilities for borrowers, review financial data, make credit decisions on advances, reconcile accounts, and provide daily reports for our borrowers. With access to the online portal comes important payment information on thousands of suppliers in the advertising ecosystem as well. This provides a benchmark for our customers as to how they’re being paid in comparison to others in the space.
From a borrower perspective, finance teams can rest assured that their data is secure and capital is available for request in the FastPay Capital portal. Our online portal enables customers to view the status of the loan and request advances by uploading financial documents and invoices for same day funding.
FastPay embraces technology that enables our business and borrowers to grow. As PPP loans run out and Congress scrambles to put together a new stimulus package for the latter half of the year, businesses will be looking for stability and continuity in a financing partner. FastPay’s underwriting approach and loan management program cuts through red tape and allows borrowers to easily access capital without adhering to strenuous covenants and burdensome credit reviews. All in, FastPay enables media businesses to operate on their own terms with added transparency and real-time payment data.
Interested in learning more about FastPay Capital? Email us at email@example.com.