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Press release content from PR Newswire. The AP news staff was not involved in its creation.

ShopKeep Launches ShopKeep R.I.S.E. to Bring No-Fee, No-Interest Cash Advance Funding to Minority-Owned Businesses

July 1, 2020 GMT

NEW YORK, June 30, 2020 /PRNewswire/ -- ShopKeep, a top-rated tablet-to-cloud commerce platform chosen by tens of thousands of independent retailers and restaurants, today announced the launch of ShopKeep R.I.S.E. (Reinvesting in Small-Business Equality), a new initiative designed to make funding more accessible to minority-owned businesses. Born out of a desire to close existing racial disparities in obtaining small business capital, ShopKeep R.I.S.E. offers no-fee, no-interest cash advances to minority-owned business owners to help their businesses grow.

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“While we must all make decisions about the types of actions we take as individuals, we believe it’s also critical for the business community to take a stand and to take action where it can make a difference,” said Michael DeSimone, CEO of ShopKeep. “With the creation of this special fund we are taking sustainable action to help drive real and impactful change.”

The R.I.S.E program will award a total of $250,000 in funding on a rolling basis. Eligible ShopKeep customers can apply to receive an advance of $1,000 to $10,000.

Businesses that qualify for funding through ShopKeep R.I.S.E. are small businesses that:

  • Meet the criteria for minority-owned or controlled business. For the purposes of this program, a minority group member is an individual who is at least 25% Asian, Black, Hispanic, or Native American as defined by the National Minority Supplier Development Council.
  • Use ShopKeep as their sole point of sale.
  • Actively process transactions with ShopKeep Payments. Non-ShopKeep Payments customers can still apply for a R.I.S.E. advance and switch if approved for the program.
  • Are based in the United States and majority-owned by a U.S. citizen.

Applications for ShopKeep R.I.S.E. are now open. For more information, visit shopkeep.com/blog/shopkeep-rise.

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About ShopKeep
ShopKeep empowers tens of thousands of businesses to thrive in the modern economy by enabling them to take payments and manage their operations smarter, quicker, and easier. ShopKeep merchants are able to easily manage inventory, optimize staffing, and access real-time sales reports and customer information all from one, seamless, cloud-based platform. ShopKeep’s award-winning customer care team is available 24/7 and provides robust support to businesses in the retail, quick serve, and full service restaurant & bar space. ShopKeep is headquartered in New York City, with offices in Portland (OR), Chicago (IL), and Belfast (NIR). Visit www.ShopKeep.com to learn more about our small business software. You can also join the conversation on the ShopKeep blog and follow us @ShopKeep on Twitter.

Contact: Bernadette Libonate, press@shopkeep.com

View original content: http://www.prnewswire.com/news-releases/shopkeep-launches-shopkeep-rise-to-bring-no-fee-no-interest-cash-advance-funding-to-minority-owned-businesses-301086082.html

SOURCE ShopKeep

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