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Rotay Capital Finance assists businesses with navigating and processing loans
Stephen Rotay, president and owner of Rotay Capital Finance is assisting business owners with navigating and processing a variety of available loans during the challenges of coronavirus (COVID-19).
By: Rotay Capital Finance
"One of the first steps for clients is helping them steer through their claims to the government's Small Business Administration's Paycheck Protection Program (SBA PPP). The federal government is offering the loans to help small business owners stay afloat, but it's a complicated application process," said Steve Rotay, company owner. "We utilize technology and our own contacts for business owners who don't have teams on staff to help them get through the procedures,"
"The SBA is the first stop for entrepreneurs seeking relief. There are other options available for those who don't qualify," said Rotay. "We help people traverse the system by determining if SBA PPP is best for them and their circumstances. Our team applies for the loans as a service to our clients. We keep up to date on legislation, financial programs, and regularly updating relief opportunities which is now more than $14 billion in collective programs," he said. However, Rotay acknowledges that many traditional banks are telling customers to look elsewhere for lending due to capacity limits and policy restrictions.
"We know that these are tough times, and we're committed to helping the business community get through this. We are working as quickly as possible to assist small business owners with a variety of options to stay in business, pay their people, and pay their bills," he said. "However, with the SBA program designed to be a capital lifeline, we still have options to offer other products including medium-term loans, merchant cash advances, invoice financing, equipment loans, short-term loans, business lines of credit, among others like secured and unsecured loans." Rotay specializes in understanding each type of loan and specific payment structures, term lengths, and interest rates, to name a few. For more information, call 717-299-9998 or email srotay@RCFinance.com. Visit the website at https://rcfinance.com/