Rewards Network, a provider of financing, marketing, and loyalty services to the restaurant industry, announced on Wednesday it has formed a partnership with software and API company serving local businesses and app developers Womply to facilitate restaurant applications for the next round of Paycheck Protection Program (PPP) Loans. According to Rewards Network, Womply helped more than 50,000 businesses get their PPP loans in 2020, and are now partnering with Rewards Network to help restaurants streamline the application process to secure their 2021 PPP loan before funds dry up.
While sharing more details about the partnership, Steve Fusco, President of Rewards Network, stated:
“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 and obtaining the new PPP loans they need.”
Toby Scammell, CEO of Womply, further commented:
“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. 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.”
Rewards Network added that the 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