Rewards Network, a provider of financing, marketing, and loyalty services to the restaurant industry, announced a partnership with Womply, a software and API company serving local businesses and app developers. This partnership will allow restaurants to more swiftly apply for a loan through the new round of the Paycheck Protection Program (PPP).
Rewards Network and Womply are aiding restaurants in securing a PPP loan at no cost to them. Womply helped more than 50,000 businesses get their PPP loans in 2020 and is now partnering with Rewards Network to help restaurants streamline the application process before 2021 PPP loan funds dry up.
“We want to do our part in helping our community of nearly 12,000 restaurant partners, and the broader industry, during this challenging time,” says Steve Fusco, President of Rewards Network. “In 2020 we created several resources to help restaurants manage their businesses, and now our partnership with Womply will help restaurants get ahead by swiftly applying for the new PPP loans they need.”
“We’re excited to kick off our partnership with Rewards Network in an effort to make it easier for restaurants to submit for the new round of PPP loans, as we understand it can be an overwhelming process,” adds Toby Scammell, CEO of Womply. “We look forward to seeing many Rewards Network restaurants taking advantage of this partnership really soon, while bringing more awareness of our streamlined application solution to the restaurant industry.”
This partnership will also provide a free, six-month Womply Pro subscription ($774 value), and no-fee processing with Womply Pay (up to $226 in savings) for approved loan applicants.
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