The Western Union Company , a leader in cross-border, cross-currency money movement and payments, is now one of a few non-bank approved lenders providing access to small business loans through the U.S. Small Business Administration Paycheck Protection Program. The company now can accept loan applications online and provide financial assistance to eligible Western Union Agents and Western Union Business Solutions clients in the United States.
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Western Union now providing assistance to its Agents and business clients affected by COVID-19 as an approved lender through the U.S. SBA Paycheck Protection Program
Across the U.S., Western Union has collaborative relationships with more than 10,000 small business owners who offer cross-border, cross-currency money transfers and payments for customers and small businesses. Small business owners play an important role in offering money transfer services via Western Union’s 50,000+ Agent locations across the nation. Western Union Business Solutions serves an impressive list of small and medium size enterprises covering a wide spectrum of services to send, receive and manage international payments.
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“Small businesses have been hit especially hard by the COVID-19 crisis and we want to do our part to help,” said Hikmet Ersek, CEO Western Union. “We are grateful to all of our small business partners, merchants, and retailers who are an important part of our Western Union Global Network and Payments Client base while playing a major role sustaining economic activity in the United States, and whose critical role is even more important during these challenging times.”
“We are honored to offer this program by deploying our capital and expertise in credit and compliance, to help our Agents and business clients experiencing economic hardship the ability to steer through these challenging times while retaining employees and sustaining business.”
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