C2FO and Marcus by Goldman Sachs Collaborate to Provide Financing to Small Businesses

C2FO, the world's largest working capital platform, today announced a strategic partnership with Marcus by Goldman Sachs to offer unsecured financing to eligible businesses in the United States that use C2FO. This collaboration aims to provide a modern, fast, and productive way for small and medium-sized businesses to access working capital.

Working capital is essential for the development of small and medium-sized businesses, as well as the stability of supply chains in a variety of industries. The Marcus-C2FO collaboration seeks to lower the capital barriers that many businesses have faced as a result of the COVID-19 pandemic.

Eligible businesses on the C2FO platform will be encouraged to apply for funding starting this summer. Businesses may apply for lending sums ranging from $10,000 to $1 million, based on their needs, financial health, and creditworthiness, and are subject to Goldman Sachs Bank USA's credit approval. This funding aims to provide borrowers with low fixed interest rates, which will enable businesses of all sizes to gain low-cost access to liquidity, a mission that both C2FO and Goldman Sachs are committed to.

The Marcus-C2FO collaboration is built to enable borrowers to obtain clear loan offer terms in minutes and, in most situations, a final decision in two business days by embedding Marcus's digital lending technologies and capabilities within C2FO's network, which is already used by hundreds of thousands of businesses.

Unlike other conventional business banking loans or secured lines of credit, Marcus-C2FO lending does not entail the holding of properties as collateral. This unsecured lending eliminates one of the obstacles to accessing working capital that can prevent otherwise creditworthy companies from being considered.

About C2FO
C2FO is the world's largest working capital platform. In more than 180 nations, it supports over one million businesses with annual revenue of $10.5 trillion. Every day, its online platform connects over $110 billion in accounts payable and receivable. Name Your Rate, and the C2FO app will fit your request in seconds, whether you require working capital or have surplus working capital. You may request to accelerate or expand AP or AR, giving you, your clients, and your suppliers more power over cash flow. AR financing and other data-driven funding opportunities are also available.

About Marcus by Goldman Sachs
Marcus by Goldman Sachs® provides products and tools to assist entrepreneurs and business businesses in achieving financial stability. Marcus provides a high-yield Online Savings Account, as well as certificates of deposit in various terms, no-fee, fixed-rate unsecured personal loans, unsecured financing for small businesses, managed ETF portfolios, and free financial tools and trackers. Goldman Sachs Bank USA, Member FDIC, provides all Marcus loans and savings products.