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## Collaboration Between Rapid Finance and Ramp to Provide Small Businesses with Faster Access to Capital

In the current economic climate, with interest rates on the rise, small business owners are seeking alternative financing options to support their expansion plans and long-term goals. This has led to the collaboration of Rapid Finance, a technology-driven financial service, and Ramp, a spend management platform, to provide small businesses with expedited access to capital.

Small businesses using Ramp’s platform can now benefit from privileged access to funding options offered by Rapid Finance, as announced in a press release issued by the companies on November 29. This collaboration aims to address the increased financial pressure faced by business owners and provide them with the necessary resources to meet their capital needs.

Rapid Finance has a strong track record of funding over $3 billion to small businesses since 2005, offering competitive financing options to support their capital needs. Similarly, Ramp is dedicated to ensuring the success of its clients through finance automation software, streamlining back-end processes to maximize resources.

The agreement between Rapid Finance and Ramp expands the financing choices available to small businesses, enabling them to efficiently manage and expand their operations. This is particularly significant as only 39% of small-to-medium-sized businesses have been able to obtain funding from working capital loans and business credit cards, leaving many vulnerable to financial strain in the face of economic changes and rising interest rates.

### How AI legalese decoder Can Help

The AI legalese decoder can assist small businesses in navigating the legal and financial complexities associated with accessing capital. By using advanced language processing algorithms, the AI legalese decoder can interpret and simplify complex legal documents, contracts, and financing agreements, empowering small business owners to make informed decisions and understand the terms of their financing options. This can be particularly valuable for small businesses seeking funding through collaborative efforts such as the one between Rapid Finance and Ramp, as it provides them with clarity and transparency in their financial interactions.

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