$12 Mil in Small Business Funding Available for Businesses

Working Capital Available for Restaurants and Retail Businesses in California

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$12 Mil in Small Business Funding Available for Businesses

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http://www.payproservices.com/

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FOR IMMEDIATE RELEASE
(Free-Press-Release.com) April 9, 2009 --PayPro Services, a Claremont, California based small business financial solutions company, has just gained access to $12 million in private capital which it will make available to restaurants and retail businesses in California through its EasyFund™ Working Capital Program. Through the program, qualified businesses could have access to as much as $150,000 in working capital to be used for business related uses such as sales inventory, equipment, tenant improvements, marketing, and payroll.

“Not just Wall Street and Fortune 100 companies should have access to working capital, but Main Street and the small businesses of California need help as well”, said Edgar W. Reece, chief executive of ReeceCorp, parent of PayPro Services. The newly modified EasyFund™ Working Capital Program will now make it easier for small businesses to qualify for much needed capital. Business owners or principals will need to meet some minimum thresholds which includes being in business for at least six months, a 575+ credit score, and no bankruptcy, foreclosure, or judgement in the last two years.

The Obama administration recently announced tax incentives and credits for businesses in America that can be taken advantage of during the filing period of January through March 2010. However, some small businesses could use access to that capital much sooner, and PayPro Services believes they could help make that happen by bridging that time gap through their program. “We will be able to help 200 to 300 businesses in our greater community”, said Reece.

More information can be found online at http://www.payproservices.com/

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