Womply, a local commerce company serving small businesses and app developers, today announced Stimulus 2020, a website that provides American businesses owners with access to capital, free software, and information resources to help them navigate changes due to coronavirus martech news.
No Cost Capital
Beginning today, any U.S. business can receive a no-fee, no-interest $1,000 capital offer through Stimulus 2020 capital partner FundRocket. To qualify for the capital offer, a business only needs to verify a legitimate business bank account. There is no credit check or collateral requirement, and all businesses will be approved as long as they aren’t suspicious or predatory in nature. Once the business is validated, the $1,000 capital offer is sent immediately via ACH and is typically available for use within one business day martech.
The capital has no restrictions and can be used for any business purpose, including paying bills, purchasing inventory or supplies, investing in marketing, or paying employees. Repayment terms are flexible and based on a percentage of business sales, with a cap at $100 per week. If businesses are closed or don’t generate any sales, they pay nothing. Businesses who accept the capital offer will never pay back more than $1,000.
Businesses that already have a Womply account are also eligible for the capital offer and can take advantage of it by connecting a verified business bank account and emailing Womply at firstname.lastname@example.org.
Womply, which serves over 450,000 local businesses, has created a new free version of its software to help businesses monitor their business performance and benchmark themselves against similar businesses nearby. This will provide businesses with critical market intelligence during this crisis. Womply will add additional resources as other companies make them available to local businesses.
“Local businesses are the lifeblood of the U.S. economy, and they’re especially vulnerable to the softening economy,” says Womply CEO Toby Scammell. “Our mission is to help local businesses thrive, and we can’t think of a better way to do that in our uncertain economy than by offering no-fee capital and free access to business and market insights customer relationship management.”
Womply is providing real time updates on information that affects local businesses including other offers that support local businesses, government announcements, and government tax and stimulus programs. Businesses can sign up for a free Womply account here.