Letter of Understanding opens the door for Fuel Me and its 1,200+ vendors to bridge the fuel-procurement gap through automation and cloud services
Business Warrior Corp., the source for small businesses in America to get more customers, announces a letter of understanding (LOU) with Fuel Me, the first-of-its-kind technology platform providing nationwide fuel procurement and management services, to fund up to $25 million in loans from March 1, 2022, to Dec. 31, 2023, through the new Business Warrior Funding platform.
BREAKING: @bizwarriorlife and @OfficialFuelMe Enter $25M Funding Partnership Letter of Understanding opens the door for Business Warrior Funding to help Fuel Me and its 1200+ vendors to bridge the fuel-procurement gap.
Business Warrior Funding is the newest small business solution from Business Warrior. The recently launched platform uses next-generation underwriting, powered by machine learning, to make the funding process accessible and streamlined to business owners across the United States. This new lending solution leverages Business Warrior’s expertise and strategic partnerships to help entrepreneurs grow their business and offset the difficulties often associated with traditional bank lending.
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Fuel Me has leveraged decades of experience in the energy distribution industry to develop an innovative and disruptive technology solution, alongside a network of more than 1,200 vendors nationwide. Fuel Me delivers fuels, such as clear or red dye diesel for trucks, machinery, generators or tanks, anywhere and at any time. The company also offers marina services and has developed a virtual fuel card to make tracking purchases simple and easy. Fuel Me is revolutionizing fuel procurement while expanding clean energy product initiatives and positioning itself as the energy distribution solution of the future.
“Partnering with Fuel Me is a perfect fit for Business Warrior Funding and our core mission to shorten the time it takes for small businesses to access growth funding,” explains Business Warrior President Jonathan Brooks. “This agreement is an amazing early win for the long-term vision of our funding product, giving us the ability to further develop and scale our software and operations with the support of a proven company in Fuel Me.”
The deal was facilitated by elev8 Advisors Group, a leading fintech consultancy group with a proven track record of providing value-added products and programs in the marketplace.
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Business Warrior Funding and Fuel Me have agreed to an LOU that will give Fuel Me and its customer base access to $25 million in loan commitments for 18 months. All funds from this partnership will go to small businesses and will lead to additional funding and growth opportunities for Fuel Me’s growing number of vendors.
“Fuel Me aims to empower small businesses by offering cost-effective fueling and enterprise resource management solutions,” states Fuel Me CEO Carlo Passacantando. “With Business Warrior Funding, we see a natural partner who will help us to engage with our vendor base and encourage more small business owners who just need that extra financial push.”
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