Financial services providers and innovative fintech startups are leading the way when it comes to promoting financial inclusion. They level out the playing field for small businesses and single owner-operators who do not have the infrastructure and access to resources of big businesses.
For Payment Pilot, a payment processor and lender, the goal has always been to provide essential business payment solutions to an underserved sector: small businesses and independent contractors. We do this by making it cost-efficient and painless for them to adapt to financial technologies that will help their business evolve, scale, and become more competitive.
Are you on the fence on whether or not your business needs any of the payment solutions that Payment Pilot provides? Then allow us to share the top 6 ways we empower small businesses and single owner-operators to be able to achieve more.
1 Easier Access to Capital
Lack of capital remains to be one of the biggest barriers to starting or expanding a business or an independent practice. It’s not easy to qualify for a traditional business loan from banks. Many small businesses and single owner-operators simply don’t have the necessary documentation and credit history required. The application process itself is long and tedious.
Online lending platforms like Payment Pilot offer a much more accessible alternative. We also process loan applications much more efficiently. We can get business loans approved in under 48 hours.
2 Increase Profitability
Credit card processing capabilities can greatly increase a business’ profitability by widening its customer base. We make accepting card payments safer, cheaper, and more convenient. Traditionally, businesses will have to apply for a merchant account from their banks to be able to process debit and credit card transactions. The contract price of a typical merchant account is not always cost-effective for smaller operations, and it’s not easy for small and new businesses to get approved for one either.
Payment Pilot equips businesses for offline and online credit card processing with far fewer requirements and with no long-term commitment required.
3 Increase Productivity
Small business owners and entrepreneurs usually end up performing roles and functions that, in a larger organization, are handled by different people or departments. This is why Payment Pilot’s offline and online payment processing solutions are such game-changers. We simplify the way you run your business. Instead of getting bogged down with administrative tasks like manual invoicing, multiple bank deposits, and manual payroll processing, decision-makers can focus on more strategic aspects of running a business.
4 Strengthen Credit History
Digital payment processing capabilities and an existing loan in good standing with Payment Pilot can help pad a business’ credit history. This will certainly come in handy one day when the business becomes serious about expansion and is ready to take on more substantial loans.
5 Providing a Strong and Secure Financial Infrastructure
Payment Pilot offers our merchants a strong financial infrastructure and everything else a business needs for credit card and digital payment processing. This includes free access to our mobile app and virtual terminal, card readers, and other equipment options.
Reach out to one of our representatives for a free consultation. Let’s talk about what Payment Pilot can do to help your business do more.
