{"id":739684,"date":"2023-03-14T02:21:02","date_gmt":"2023-03-14T06:21:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/bill-expands-on-its-commitment-to-smbs-impacted-by-svb-events\/"},"modified":"2023-03-14T02:21:02","modified_gmt":"2023-03-14T06:21:02","slug":"bill-expands-on-its-commitment-to-smbs-impacted-by-svb-events","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bill-expands-on-its-commitment-to-smbs-impacted-by-svb-events\/","title":{"rendered":"BILL Expands on Its Commitment to SMBs Impacted by SVB Events"},"content":{"rendered":"

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BILL Expands on Its Commitment to SMBs Impacted by SVB Events<\/i><\/b><\/p>\n

Company Unveils Four New Offerings to Help SMBs Access and Move Capital<\/i><\/p>\n

SAN JOSE, Calif.–(BUSINESS WIRE<\/a>)–
\nBILL (NYSE: BILL), a leader in financial automation software for small and midsize businesses (SMBs), today announced new offerings for businesses impacted by the Silicon Valley Bank (SVB) events.\n<\/p>\n

\nAs part of its ongoing commitment to stand with impacted businesses and support SMBs, BILL is expanding its offerings to help them stay fully operational. With these new programs, BILL is helping businesses not just complete payments, but also move and manage funds, and quickly access credit so they can confidently focus on their business needs.\n<\/p>\n

\n\u201cBILL has, and always will, stand by our customers. That\u2019s what being a champion of SMBs is all about,\u201d said BILL CEO and Founder Ren\u00e9 Lacerte. \u201cFor over 16 years, we\u2019ve built a platform that enables customers to automate their financial operations with agility. Last week, we quickly guaranteed all transactions processed by BILL through SVB would be processed successfully before we had guidance from the government. We\u2019ve worked tirelessly since our announcement<\/a> to honor that promise. We\u2019re now turning our attention to help even more SMBs access and move capital,\u201d Lacerte said.\n<\/p>\n

New Offerings to Enable Business Continuity<\/b><\/p>\n

\nFor existing BILL customers who are also SVB customers we are announcing:\n<\/p>\n

\n1. BILL balance<\/b>:We are making available a product that customers have already used to transact over a billion dollars. <\/b>It is a secure and convenient place to store and move funds in order to make faster vendor payments to any bank in the US with no additional fees.\n<\/p>\n

\n\u25cb To learn more about using BILL balance<\/a><\/p>\n

\n2. Pre-approval for a Divvy line of credit*<\/b>: For BILL customers who need fast access to credit, this program will allow small businesses to quickly pay bills using a new or existing Divvy corporate card.\n<\/p>\n

\n\u25cb To sign up for Divvy from BILL<\/a><\/p>\n

\n3. Connect your SVB debit card to your<\/b>BILL Pay By Card<\/b>:You can access your funds immediately and use them to make payments to your vendors. We will reimburse all pay-by-card transaction fees made with your SVB debit card for the next 30 days beginning March 14.\n<\/p>\n

\n\u25cb To learn more about using BILL Pay By Card<\/a><\/p>\n

\nIn addition to the above three programs designed to support those impacted by SVB events, we are announcing a new 3 month free trial to use the BILL platform<\/b> for any businesses looking to improve efficiency, control and visibility of their financial operations.\n<\/p>\n

\n\u25cb To sign up for the 3 month free trial<\/a><\/p>\n

\n\u201cWhat I\u2019m hearing from SMBs impacted by the current situation is that they\u2019re focused on keeping their business running, accessing their cash, and increasing visibility,\u201d Lacerte said. \u201cOur platform was designed to enable financial automation and control, and we are bringing the best of our capabilities together for SMBs in this important time of need.\u201d\n<\/p>\n

Core Products and Services to Keep SMBs Operational<\/b><\/p>\n

\nBILL\u2019s core products and services can also help SMBs streamline financial operations, provide better financial controls and visibility, and give users access to capital. On the BILL platform, SMBs can:\n<\/p>\n