SWIFT CAPITAL ACHIEVES 87% YOY REVENUE GROWTH; TOTAL FUNDING PASSES $500 MILLION
Swift Capital, a leading provider of working capital for small businesses, announced today that it has ended 2015 with strong year over year revenue growth of 87%, having now extended over $500 million dollars in small business financing – a significant milestone achieved in the company’s short 4-year history.
Swift Capital has now provided working capital to over 10,000 unique businesses, a category critical to the national economy yet underserved by traditional bank lenders. In August of 2015, Swift surpassed the one million dollars in funding per day average, further establishing its position as a preferred source for small business financing.
Swift Capital attributes its strong performance to a combination of strategies unique to the alternative lending market:
- Deep executive expertise in small business risk management and underwriting;
- Unique direct marketing approach that targets the most promising prospects; and
- A relationship-based customer approach that decreases risk and builds brand loyalty.
Swift is committed to providing the best possible experience to its customers by leveraging a multitude of data sources combined with technology that streamlines and automates many parts of the process. However, over half of the small businesses that use Swift speak directly with Swift funding experts who review the unique needs of their business and provides personalized service and a customized funding solution. This ensures that businesses have every opportunity to receive the funding they need and are not just reviewed by technology.
“Getting a half billion dollars of working capital into the hands of small business owners is an important milestone because it proves that our unique marketing and relationship-based approach has scale and customer appeal,” said Ed Harycki, Founder and CEO of Swift Capital. “Equally important to delivering on our revenue growth goals, we’ve been able to achieve these milestones while delivering some of the best credit performance metrics in the industry.”