Our customers have big dreams for their businesses, and thousands of them tell us that the thing that stands between them and their dreams is, well, money. In fact, up to 90% of small business owners say that getting credit is a problem in their business.
Call it access to capital, call it funding, call it a loan or a line of credit, we get it. Your business is solid and your ideas are great, but banks still turn down half of the loan applications they get from small business owners like you.
So today we're launching Lending by Wave. In partnership with OnDeck, we're making it easier for small business owners in the U.S. and Canada to get the money they need to bring their businesses to a new level of success.
Like everything we do at Wave, we've brought fresh thinking to Lending. You don't have endless hours to fill in forms, and you don't want to wait weeks to get an answer from the bank. So with Lending by Wave, you can apply online in minutes, and get an answer on your application just as fast. In some cases, you can have money in your bank account the same day.
You know your business, and you know what it will take for your business to grow and thrive. Maybe it's $2,000 to buy inventory to fill a big order, $5,000 to hire some key seasonal staff, or $75,000 to invest in equipment that will transform your business.
With Lending by Wave, you can receive up to $500,000 for whatever will help make your business dreams a reality.
We're proud to be partnering with OnDeck, the leader in online lending. OnDeck has the ability to approve loan applications almost instantly, and has already provided $5 billion in loans and credit to businesses like yours. They're famous for customer service, too, with an A+ rating from the Better Business Bureau.
Making loans and lines of credit available to Wave customers is another important step for Wave, too, as we continue expanding from our software roots to becoming your complete small business financial services provider.
We see it as our mission to help you make your business dreams a reality, and we're confident that Lending by Wave can be another great service that gets you where you want to go.