Palo Alto, CA Nov 22, 2016 – Payplant announced today that it recently added a leading developer of popular games on Apple App Store, Google Play and Facebook to its App Developer lending program. This is a $500k line of credit which allows the app developer to continue to invest in development and marketing while it is awaiting payment from the App stores.
“We are excited about the potential of App Developer lending program. This is an area where most financing companies cannot lend given their lack of experience in this space. Having built and sold two companies in the mobile space, we know how to structure deals that can help App developers grow,” said Dr. Ronjon Nag, Co-founder of Payplant.
Payplant provides growth financing for entrepreneurs, by entrepreneurs. Its Pay Me NowTM digital invoice-financing service provides cash to businesses when their customers pay too slowly. Payplant helps businesses with PO and Invoice Financing, Asset Based Lending, Term Loans and Customer Financing products. Payplant works with companies that don’t currently qualify for traditional bank financing, have grown too quickly for their current lender or are at the point in their evolution where an influx of working capital can elevate their business to achieve rapid growth. Payplant delivers fast and reliable funding, at very attractive rates and is completely on demand. For more information, visit www.payplant.com.