APPROVE, a technology platform built for B2B equipment financing, entered a strategic partnership with Revenued, a small business funding provider, to expand access to working capital for businesses that have secured equipment financing through APPROVE.
The partnership enables APPROVE to connect its equipment financing customers with Revenued’s Flex Line, a flexible, revenue-based working capital solution. Offered separately from the original equipment financing transaction, the Flex Line provides eligible businesses with an additional source of capital to support their ongoing financial needs.
“Equipment financing is often just the first step in a much bigger growth story,” Robert Preville, founder and CEO of APPROVE, said. “When businesses invest in equipment, they’re investing in their future. But putting that equipment to work often requires additional capital. Our partnership with Revenued allows us to build on the relationships we’ve already established with these businesses and connect them with working capital solutions when they’re most likely to need them.”
Following the equipment financing process, APPROVE can introduce eligible customers to Revenued’s Flex Line as an add-on financing opportunity.
“Equipment financing is often where a growth story begins, and working capital is what keeps it going,” Sol Lax, CEO at Revenued, said. “Small businesses already trust the APPROVE team, which makes this a seamless next step for them. Just as important, our two companies work incredibly well together, and that kind of alignment is what makes a partnership succeed.”
