Avetta Teams with Mulligan Funding to Help Supply Chain Companies Receive Funding for Their Businesses
Avetta®, the leading provider of supply chain risk management, has partnered with Mulligan Funding to provide U.S. supply chain companies with options to secure loans for their businesses. Avetta clients and suppliers can now take advantage of Mulligan Funding’s services through the Avetta Marketplace. This partnership allows suppliers to lock-in significant cost savings compared to other funding options and secure capital at a time when most banks are tightening the availability of credit.
In the Avetta Marketplace, U.S. suppliers and contractors can apply through Mulligan Funding to finance large-scale projects, increase working capacity, grow their businesses or manage cashflows through the following loans: working capital, term loans, SBA Bridge loans, Recovery Assistance Programs, among others. Mulligan Funding provides businesses nationwide with access to loan amounts of up to $1 million for terms of up to 36 months. Most companies receive approval in just a few hours and funding of the loan typically occurs the business day after approval.
“The partnership with Mulligan Funding comes at a critical moment in the economic cycle when companies might need it the most,” said Richard Parke, SVP Supplier Services at Avetta. “Access to additional capital is always important, but so many small- and mid-sized businesses need it particularly to recover from the impacts of the pandemic. We encourage Avetta suppliers and contractors to take advantage of this unique partnership.”
Mulligan’s priority is to build relationships with each client to create a customized lending program. Dedicated loan advisors provide personal attention to each and every business to meet their specific funding needs, walking customers through every step of the application process with a dedicated loan advisor.
“Our joining the Avetta Marketplace gives small businesses in supply chain industries the options they need to grow—or save—their businesses during the pandemic,” said Jason Fleming, EVP Partner Channel Sales at Mulligan Funding. “We have many options to help businesses obtain the funding they need, and we know that they are more qualified because of the Avetta prequalification system. We look forward to helping these businesses achieve their organizational goals.”
Avetta’s Marketplace also allows suppliers to purchase discounted safety products and other safety-related services. Marketplace enhances membership value by reducing costs, saving time, improving performance and growing the businesses of contractors and suppliers who participate. Avetta was the first in the industry to offer a “Marketplace” of these kinds of value-added services.
For more information about Mulligan Funding’s loan products, visit the Avetta Marketplace.
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