Oct. 17, 2014: Financeit Launches in US to Bring Financing Tool to Small Businesses
Customers Can Apply for a Financeit Loan Through an Online Application and Get Approval on the Spot
TORONTO — Financeit, a point-of-sale consumer financing platform for small businesses, announced that it has launched in the United States. The company said its cloud-based application fills a gap in the existing lending market, as smaller businesses including contractors have traditionally not had access to the same low interest purchase financing options as big box stores.
Financeit noted that it has already processed more than $715 million in customer loan applications across more than 3,500 companies in Canada before its U.S. launch.