Tungsten Network, BlueVine partner on SME funding
The partnership will offer access to working capital of up to US$100,000 for US small and medium-sized businesses.
The partnership will offer access to working capital of up to US$100,000 for US small and medium-sized businesses.
Tungsten Network, the business transaction network is partnering with the online working capital financing provider BlueVine with the aim of better meeting the financing needs of small and medium-sized enterprises (SMEs) on Tungsten’s network. US-based customers can access additional financing options through BlueVine’s business line of credit solution, called Flex Credit, which gives customers “fast, secure, and convenient access of up to US$100,000 in working capital.”
Clients pay fees only on funds they draw and can replenish their credit line each time they pay down their balance.
Tungsten Network said the new facility was part of an increased focus on broadening its service offerings through adding new partners to its network and expanding its global reach. This was most recently seen with the launches of streamlined currency conversion in six countries and electronic invoicing in India. The BlueVine partnership will offer more options for US SMEs looking to improve cash flow management and maximise efficiencies across their businesses.
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