Sean Staples, owner of the growing small business KC Party Rentals, is an entrepreneur at heart and has always enjoyed serving the local community with event-based rentals. While the company is committed to “fun for everyone”, that also means a lot of work for Sean and his team. When it was time for new equipment, his time was limited, so he applied for a loan online with Core Bank’s new RapidTRAC™ Loan program.
This auto-decisioning product was developed with small business owners like Sean in mind. Using auto-decisioned underwriting, and several data sources for verifications, in most cases, RapidTrac will provide an instant approval or denial. With an approval, the business owner can immediately review the loan details and decide whether to accept the loan. “Speed was everything and ease of the whole process was a big benefit.” KC Party Rentals caters to a wide customer base, and they are growing at a fast pace. Sean commented, “RapidTRAC™ Loan provided us the funding we needed to expand our business much more quickly than I could have on my own.”
David Chew, Vice President Commercial Banking at Core Bank, says “having a small business loan product with auto-decisioning is an integral part of our focus to serve the small business community. It provides business owners with a loan decision instantaneously. This gives them peace of mind knowing they have the working capital requited to plan and make decisions for their business and employees.”
KC Party Rentals, whether they are setting up a backyard party or providing all the necessities for a wedding or corporate event, are going to continue to keep growing and bringing fun to the community, and Core Bank plans to be with them every step of the way.
To learn more about RapidTRAC™ Loan and how it could put your business on the fast track to growth, visit www.rapidtracloan.com.