JetPay Partners with Biz2Credit to Expand Customer Access to Business Loans
May 3, 2018
Partnership Offers Small Business Financing for Customers
Allentown, PA – May 3, 2018– JetPay Corporation (“JetPay” or the “Company”) (NASDAQ: JTPY), a leading provider of debit and credit card processing services, payroll, tax, and human capital management services, today announced a partnership with, Biz2Credit, the leading online resource for small business finance. Through this arrangement, JetPay customers will gain access to capital through Biz2Credit’s small business lending marketplace which has arranged more than $2 billion in financing to thousands of small and mid-size companies over the last decade.
“JetPay specializes in building and enhancing unique and strategic partnerships that provide solutions that businesses need to manage and grow,” said Diane (Vogt) Faro, CEO of JetPay. “Through this partnership with Biz2Credit, our small and mid-size business customers gain access to capital through an online lending platform. It’s a win-win for small business owners.”
“Our partnership with JetPay will help their customers secure financing quickly, easily, and safely,” said Rohit Arora, CEO of Biz2Credit. “Our online small business loan application platform streamlines the financing process so that small business owners can focus on running their companies.”
Financing on Biz2Credit’s platform ranges from $5,000 to $5 million and can be coordinated in as little as 24 hours for working capital,commercial real estate and equipment purchases, and other capital needs.
About JetPay Corporation
JetPay Corporation, based in Allentown, PA, is a leading provider of vertically integrated solutions for businesses including card acceptance, processing, payroll, payroll tax filing, human capital management services, and other financial transactions. JetPay provides a single-vendor solution for businesses throughout the United States. The Company’s vertically aligned services provide customers with convenience and increased revenues by lowering payments-related costs and by designing innovative, customized solutions for internet, mobile, and cloud-based payments. Please visit www.jetpay.com for more information on what JetPay has to offer or call 866-4JetPay (866-453-8729).
Founded in 2007, Biz2Credit has arranged more than$2 billion in small business financing and has several times been named to Crain’s New York’s Fast 50and was ranked among the top 200 fast-growing companies on Deloitte’s2017 Technology Fast 500.Biz2Credit is expanding its industry-leading technology in custom digital platform solutions for leading banks and other financial institutions, investors and service providers in the U.S. Visit www.biz2credit.com.
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. JetPay’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Many of these factors are outside JetPay’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to, those described under the heading “Risk Factors” in the Company’s Annual Report for the fiscal year ended December 31, filed with the Securities and Exchange Commission (“SEC”) on Form 10-K for the fiscal year ended December 31, 2017, the Company’s Quarterly Reports on Forms 10-Q and the Company’s Current Reports on Form 8-K.
JetPay cautions that the foregoing list of factors is not exclusive. Additional information concerning these and other risk factors is contained in JetPay’s most recent filings with the SEC. All subsequent written and oral forward-looking statements concerning JetPay or other matters and attributable to JetPay or any person acting on its behalf, are expressly qualified in their entirety by the cautionary statements above. JetPay cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. JetPay does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
Peter B. Davidson
Vice Chairman and Corporate Secretary
Gregory M. Krzemien
Chief Financial Officer