BUSINESS STRATEGY

Thryv Partners with Fora Financial to Offer Capital That Helps Small Businesses Grow

Fora Financial | September 22, 2022 | Read time : 02:07 min

Thryv Partners with Fora Financial to Offer Capital That Helps Small Businesses Grow
Thryv Holdings, Inc, the small business platform for growing small- to medium-sized businesses, announced a partnership with Fora Financial to offer small businesses access to the capital they need to grow.Fora Financial will now be offered through Thryv’s growing marketplace, allowing business owners to apply for lending in minutes. Fora Financial offers terms up to 15 months, flexible payments, early pay-off discounts, and no restrictions on use of funds. The partnership offers a range of financing amounts from $5,000 to $750,000 with no collateral required. Small Business Administration (SBA) 7(a) loans, the most common in SBA’s portfolio, require collateral if the loan amount is greater than $25,000. The approval process for Fora Financial financing occurs in less than 24 hours, and once a financing is approved and terms have been accepted, capital is available in 72 hours. We have always been committed to helping small businesses solve a variety of needs, and in the current economic climate, helping them gain access to capital is a priority, said Ryan Cantor, chief product officer at Thryv. Whether it’s adding a truck to their fleet or a game-changing piece of equipment, small businesses have evolving needs and Thryv helps solve them.

“At Fora Financial, we are dedicated to providing small businesses with the fast, uncomplicated funding solution they require to succeed, As the economic environment continues to change, our consultative approach to understanding small business’ needs will offer the Thryv community the working capital required to grow and thrive.”

Fora Financial president Andrew Gutman

Thryv clients have seen significant advantages to joining the platform, including a 25% rise in the number of average customers, 61% increase in number of appointments booked, and 86% growth in annual revenue through bookings and payments. Learn more about the platform, including free, unlimited support 24/7 from small business specialists at thryv.com.

About Thryv Holdings, Inc.
Thryv Holdings, Inc. (NASDAQ:THRY) is a global software and marketing services company that empowers small- to medium-sized businesses (SMBs) to grow and modernize their operations so they can compete and win in today’s economy. Over 46,000 businesses use our award-winning SaaS platform, Thryv®, to manage their end-to-end operations, which has helped businesses across the U.S. and overseas grow their bottom line. Thryv also manages digital and print presence for over 400,000 businesses, connecting these SMBs to local consumers via proprietary local search portals and local directories. For more information about Thryv Holdings, Inc., visit thryv.com.

About Fora Financial
Fora Financial is a leading business financing lender that has provided over $2 billion to more than 25,000 business owners nationwide. Fora Financial offers flexible financing solutions to small and medium sized businesses in need of additional working capital to sustain or grow their enterprise. The company places a high value on transparency and provides businesses with fast, personalized small business loans and revenue advances, leveraging its state-of-the-art proprietary technology, industry-leading sales capabilities and dedicated customer service. Founded in June 2008, Fora Financial employs over 200 people at its New York City, Miami and California locations.

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SMALL BUSINESS TRENDS

HELLO ALICE & SQUARE UNVEIL NEW DATA ON HISPANIC SMALL BUSINESS CHALLENGES AND OPPORTUNITIES

HELLO ALICE | October 10, 2022

Today, Hello Alice and Square unveiled a new study to outline the challenges and opportunities faced by Hispanic-owned small businesses and to provide resources to meet their needs. Hello Alice, the free platform helping over one million small businesses grow, released this latest survey report in honor of Hispanic Heritage Month. The survey was conducted in partnership with Square, the technology company helping sellers of all sizes run and grow their businesses, and The United States Hispanic Chamber of Commerce (USHCC). The survey of 2,700 Hispanic small business owners across the United States on the Hello Alice platform revealed the largest challenges facing the Hispanic demographic: raising capital through funding or credit building opportunities, obtaining raw materials or inventory, acquiring customers, growing their staff, and effectively marketing to new and returning customers. Expanding access to financial education, grants, loans, credit cards, and other types of capital continues to be one of the best ways to address these challenges and help Hispanic owners further grow their companies and contribute to the overall global economy. Key findings from the survey include: Inflation Drives Demand For Additional Capital: When surveyed on their greatest business challenges, Hispanic owners most commonly cited two related areas: raising capital (30%), with the primary difficulty being finding funding opportunities (86%); and growing the business (24%). Much of this difficulty reflects a need for greater financial literacy and education. 2023 Business Outlook Hinges On Customer Acquisition And Hiring: 81% of Hispanic owners say they're confident their business will grow in 2023, but the factors Hispanic business owners say will most determine their potential success include two categories: acquiring new customers and hiring a team. Hispanic owners cited acquiring new customers (33%) as a determining factor nearly as often as the ability to secure funding (35%). Hispanic Owners See Marketing as a Challenge and Opportunity: Related to their focus on customer acquisition, Hispanic owners are more likely than the overall population to cite marketing as a significant challenge (11% vs 7.6%). In particular, Hispanic owners identify paid advertising (57%) and social media (54%) as potential growth areas. Owners Seek Software Solutions to Address Operational Challenges: About half (48%) of all Hello Alice business owners say they are always on the lookout for the latest technology solutions for their business, and another 48% say they are open to new technology solutions — provided they significantly improve processes. "Minority-led small businesses have been historically underrepresented and often face a unique set of challenges when trying to grow their businesses,However, minority-led small businesses, including Hispanic owners, have been growing in economic power, as part of the emerging New Majority. They represent an increasingly powerful segment of the economy, full of potential if provided the right assistance to overcome growth challenges. This survey helps us better understand these specific challenges of Hispanic small business owners so that we can uncover more effective solutions to help their businesses become more successful." Elizabeth Gore and Carolyn Rodz, co-founders of Hello Alice. Last month, Square announced that its entire ecosystem of products and services – more than 35 products in total – is now available in Spanish to sellers in the United States. Hispanic-owned businesses can use Square's end-to-end business solutions in either English or Spanish, including key products that address the challenges outlined in this report. Square's ecosystem gives sellers a single, easy-to-understand home for their entire business, unlocking a variety of capabilities like accessing loans through Square Banking, connecting with and staying in touch with customers through Square Marketing, and managing staff through Team Management and Square Payroll. Hispanic-owned businesses contribute enormously to their communities and the economy, all while facing a unique set of challenges," said Bryan Solar, Head of Restaurants at Square. "Square is fully invested in the success of Hispanic-owned businesses and recently underwent a company-wide effort to make our entire ecosystem of products and services available in Spanish, guaranteeing that both English- and Spanish-speaking sellers could take full advantage of our ecosystem in their preferred language. As a Latino whose grandmother and extended family have owned Mexican restaurants in Texas, I'm very excited about what we can do for Hispanic emprendedores like the ones I grew up with. The United States Hispanic Chamber of Commerce supports our 5 million Latino-owned businesses in America to overcome challenges in obtaining capital, capacity, and contracts," said Ramiro A. Cavazos, President & CEO of USHCC. "We are proud to serve along with our business partners at Hello Alice by providing more comprehensive invaluable resources and effective programs to implement our $5 million SBA Community Navigator Pilot grant program. ABOUT HELLO ALICE Founded by Carolyn Rodz and Elizabeth Gore, Hello Alice is a free platform serving more than one million small business owners across the United States. Committed to equitable access to capital for women, people of color, members of the LGBTQ+ community, veterans, and entrepreneurs with disabilities, Hello Alice offers funding, education, tools, and curated opportunities. Working with enterprise business services, ecosystem partners, affiliates, and government agencies, Hello Alice provides its growing community with everything they need to grow their businesses.

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MARKETING AND NETWORKING

GPS Insight Continues to Enhance Fleet + Field Offering Across Small Business, Franchise, and Mid-Enterprise Customers

GPS Insight | December 01, 2022

GPS Insight, a leading provider of SaaS-based fleet and field service management software solutions, today announced enhancements to its integrated Field Service Management (FSM) suite, marking significant strides towards the empowerment of both fleet and field service companies to seamlessly manage their mobile assets and mobile workforces together. Strengthening its position in an FSM market expected to grow 19% annually over the next eight years, GPS Insight laid the foundation for its integrated Field Service Management solution with the 2020 acquisition of ServiceBridge and the 2021 acquisition of FieldAware. Just recently, GPS Insight also acquired Certified Tracking Solutions, a leader in fleet and field services specializing in document digitization. Following recent FSM acquisitions, GPS Insight has demonstrated its value to fleet and field service industries at large through a list of accolades, including the Compass Intelligence 2022 IoT Vehicle Telematics Company of the Year, the Business Intelligence Group 2022 Sustainability Leadership Award, and being named a Construction Executive 2022 Top Construction Technology Firm. "By acquiring existing best-in-class field service solutions and integrating them with our GPS fleet management technology, we're able to bring better visibility and efficiency for our customers to save them time and money, We've created a powerful roadmap that empowers our end-users while boosting our return on investment for both platforms. In short, GPS Insight is bringing fleet and field together like never before." Shay Demmons, Chief Product Officer of GPS Insight. The Field Service Management suite is being tailored to integrate with GPS Insight fleet management, empowering business leaders to ensure alignment among workers across both fleet and field. Significant product enhancements that support the synergy of fleet and field service management include: an app switcher to toggle between fleet and field applications; ability to schedule jobs based on technician working hours, skills, permits, etc.; long cycle crew work such as multi-visit jobs; a live map for a "command center" view of field operations; timesheets showing jobs performed, hours worked, hours traveled, and overtime earned; and to help businesses scale, a rich ecosystem of integrations with best-in-class ERP and accounting applications. In addition to significant product updates across the Field Service Management Suite, FieldAware for Mid-Enterprise is featuring a facelift, modernizing the web app to follow best-in-class practices for displaying menus and options, refreshing web and mobile app branding to align with parent GPS Insight's robust fleet and field portfolio, and paving the way for the future of fleet and field. Effective field service management software is transforming industries, reducing errors and redundant tasks, and giving fleet managers, field technicians, and back-office operations peace of mind," added Demmons. "Companies of all sizes now see the value in digitizing operations to keep up with the competition, as well as the leap in efficiency that creates a better customer experience and boosts retention. About GPS Insight GPS Insight helps fleet and field service businesses by delivering innovative solutions and actionable insights. Organizations across the globe turn to GPS Insight when they have high operating costs, are worried about safety on the roads, and struggle with fleet and field inefficiencies that waste valuable time and money. GPS Insight offers best-of-breed technology for organizations with drivers and technicians in the field, fleets of vehicles, trailers, and other mobile assets. GPS Insight provides many solutions that include vehicle and asset tracking, fleet management, AI-enabled smart cameras, field service management, and regulatory compliance solutions.

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TECHNOLOGY

EnGenius Launches a New Line of Small Business-Oriented Access Points and Switches Called EnGenius Fit

EnGenius Technologies Inc | November 03, 2022

EnGenius Technologies Inc., a multinational networking company, known for delivering future-proof networking solutions for businesses of all sizes, announced the release of a new Wi-Fi solution designed specifically for small businesses called EnGenius Fit. With this launch, the global network equipment manufacturer is bringing hassle-free, enterprise-grade quality products to small and medium-sized businesses. With fast deployment and simplified cloud-based management, small business owners without IT staff will have more time to run their business instead of putting out fires. Small business owners work hard to provide the best service to customers while growing their business. The last thing they need is sub-standard Wi-Fi. Yet many business owners struggle constantly with dropped connections, slow speeds, and data breaches all the while wondering if there's a solution built just for them. Now there is. EnGenius Fit is unlike any solution that has appeared on the Wi-Fi networking landscape. It's the smartest, most affordable Wi-Fi solution yet for small businesses. Simple and secure, this new family of access points and switches is supported by new, subscription-free EnGenius Fit cloud-based management options built to thoroughly streamline deployment while providing enterprise-grade security and reliability. Anyone can do it. There is no complexity at all—just the visibility, control, and insights that allow customers to make solid business decisions confidently. EnGenius Fit is easy and fast as all network components can be managed effortlessly through a mobile app or web interface no matter the level of network knowledge. For slightly larger companies with an IT staff, EnGenius offers more management options: a local portal ideal for examining deep-level analytics on any device, or a plug-n-play network controller with pre-installed network management software, which allows even junior IT pros to set up a cloud-based or on-premises network management infrastructure. Small business owners will finally have all the tools they need to run an affordable, reliable, secure network. It all comes subscription-free, a feature that EnGenius expects dental offices, law firms, and other small businesses will appreciate. Every time small business owners invest in an upgrade, they expect greater efficiency, more reliability, and all the increased revenues that are bound to pour in from a smoothly functioning network. EnGenius Fit delivers. About EnGenius EnGenius Technologies is a leading global manufacturer of pioneering wireless and voice communications. For more than 20 years, EnGenius has delivered best-in-class voice and data solutions that empower mobility, enhance productivity, and embrace simplicity. EnGenius prides itself on providing its customers with the best, most reliable, feature-rich, personalized network solutions to drive their success.

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