WeTravel, a booking and payment platform within the travel industry, has launched a new travel business loan program to help travel advisors and other small businesses in the industry with WeTravel Growth Capital.
WeTravel Growth Capital offers a range of financing options from advances on receivables to lines of credit for those who meet minimum requirements. A travel business must qualify with an average monthly income of $10,000, have been in operation for more than six months, and have a minimum credit score of 550.
The application should take approximately 15 minutes, after which a finance advisor reviews the loan offers with the applicant. The capital can then be received within 24 hours by direct deposit.
“It has been a difficult season for the travel industry, especially for small businesses and local operators. As we enter a new season, WeTravel is providing additional support to help travel businesses recover and increase profitability with access to the cash they need,” said Zaky Prabowo, Chief Operating Officer and co-founder of WeTravel. “As a separate but complementary offering to our platform, the Growth Capital offering aligns with our founding company mission of providing any travel company with the opportunity to successfully operate a successful business. using travel-specific technology.”
More than 65% of WeTravel users are small and medium-sized businesses, which are the most vulnerable to changes in the industry and the economy in general.
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