HOPKINTON, Mass., June 21, 2024 – PrismHR, a Vensure Employer Solutions company and the leading HR technology software innovator for PEOs, ASOs, and HCM providers across the U.S., today announced its partnership with Loanspark, an innovative platform offering embedded Business Lending as a Service for small and mid-sized businesses.
Loanspark offers a robust suite of lending options, including payroll funding and additional loans, tailored to meet the business needs of small and mid-sized businesses. These lending options can help finance new hires and strategic initiatives, upgrade equipment, expand real estate locations, and even borrow against future account receivables.
Loanspark simplifies the lending journey for small and mid-sized businesses by offering:
- A dedicated sales team and support call center
- Customized online application processes and a branded borrower portal interface
- Full marketing collateral to help you promote lending offerings
“Loanspark gives our HR service providers a simple, modern lending solution they can easily offer their clients, ensuring they have the resources needed to succeed,” stated Jonathan Wall, senior vice president of Strategic Partnerships at PrismHR. “Their payroll funding option is just one of a variety of lending solutions which provides small and mid-sized businesses choices, as well as great support.”
“Businesses face significant hurdles in securing funding and managing cash flow. PEOs and HR companies are greatly positioned to step up and address these challenges head-on,” states Michael Barnett, Founder of Loanspark. “Given the need to support SMBs with fair and equitable financing, the time is now for service providers to get involved. We are excited for our partnership with PrismHR.”
About PrismHR
A Vensure Employer Solutions company located in Hopkinton, Massachusetts, PrismHR’s mission is to fuel the growth of small and medium-sized businesses (SMBs) across the U.S. Our HR software, combined with our ecosystem of HR service providers, enables SMBs to manage payroll, benefits and HR while leveling the playing field with large enterprises. Today, PrismHR software delivers world-class HR services to more than 80,000 organizations and over 2 million worksite employees, processing more than $80 billion in payroll each year. For more information, visit prismhr.com.
About Loanspark
Loanspark is a subscription-based, embedded Business Lending as a Service solution, committed to reshaping small business lending. It empowers B2B businesses, accounting firms, HR companies, and mortgage brokers to provide favorable business funding solutions to their SMB customers. It does so through co-branded partnerships, a dedicated team of customer services professionals, a robust loan origination platform, and an ever-growing marketplace with over 150 SMB funding programs. With a focus on excellence, transparency, and inclusivity, Loanspark bridges the gap between business success and community prosperity, and serves as the trusted leader in the business lending industry.
Media Contacts
Loanspark:
Sasha Yablonovsky
E: sasha@loanspark.com
PrismHR:
Jonathan Wall
E: jwall@prismhr.com
