How Samsung Business Financing adds value to small and medium businesses

The most successful small and medium-sized businesses (SMBs) are never afraid to work hard to achieve their goals. Many of them have people juggling sales, marketing, and customer service tasks simultaneously. Long hours listening to customers and solving problems are the norm. However, to truly maximize potential growth, growing a business requires more than equity capital.

By equipping their teams with mobile technologies, such as a Samsung Galaxy S24 or Samsung Galaxy Book4 Series device, for example, small and medium-sized businesses can dramatically increase productivity, increase efficiency and foster greater collaboration. These devices also offer small and medium businesses AI capabilities that can transform customer and employee experiences.

A lack of budget often prevents companies from capitalizing on the latest innovations. Amid continued economic headwinds, it’s no wonder that 67% of U.S. small businesses will seek additional financing during the next 12 months. This is also not a new issue. In a study carried out last year, 75% of small businesses said they were concerned about their access to credit.

The contribution SMEs make to the economy means they deserve as many options as possible to finance their growth and enjoy the best possible experience when applying.

If you are among those actively seeking small business financing, these attributes should be kept in mind:

1. Same day decision

Business conditions change quickly and staying competitive requires working quickly. However, traditionally, applying for small business funding can take weeks for business owners to get the answers they need.

These patterns are changing with offerings like Samsung Business Financing. Underwritten by our partner Credit Key, small and medium-sized businesses can work with us to accelerate the adoption of best-in-class mobile technology. Approvals typically arrive within 48 hours (with most applications receiving a response the same day).

Financing decisions shouldn’t make you feel like you’re in limbo. Making quick decisions means more time to equip your team with products like the Galaxy S24 Series and Galaxy Book4 Series so you can start leveraging their capabilities.

2. Flexible options

Investing in technology involves more than considering the overall cost of a given product or service. It also means looking at payment conditions, knowing that, in some cases, one or two months will not be enough time for small businesses to settle their balances.

That’s why Samsung Business Financing offers terms ranging from 30 to 12 months net. It’s about giving control back to SMEs investing in technology, allowing them to choose a payment schedule that aligns with their needs.

It doesn’t matter if you operate as a sole proprietor or as a true mid-sized business. Samsung has financing options for all types of small and medium businesses.

3. Digitally driven processes

Even the hardest-working SME owners spend at least part of their lives as consumers, where digitalization has reshaped everything from shopping to personal banking. Companies have long recognized that these online experiences must be simple and intuitive for people to use.

The financing services used by small businesses should be no different, where you don’t end up drowning in forms and other paperwork. After all, many small and medium-sized businesses do not have a dedicated accounting team. Owners can manage accounts payable and receivable on their own, so they need a streamlined way to get full visibility into cash flow and other details.

Our Samsung Business Financing portal provides a consolidated view of the accurate, up-to-date information you need to manage your account. This includes the ability to track your credit, reconcile payments, and pay off balances. The same all-in-one interface also lets you assign which team members can make purchases on behalf of the company.

This goes a long way toward helping you stay on top of your cash flow position and is consistent with the ease of use we’ve built into the Samsung Business website and Shop Samsung app.

4. Expert guidance and personalized support

As much as small and medium-sized businesses appreciate automation, financing is also a sensitive subject where they may want to ask questions of experts before making a decision.

It is not always easy for SMEs to determine what they need in terms of financing, for example. What happens if they need a credit limit increase? Maybe there are options they want, but they’re not sure the provider can support them. What devices should they use their financing to buy?

Just like understanding the latest technologies, this is not a journey that small and medium-sized businesses should undertake on their own.

Samsung helps every step of the way and is bringing on dedicated team members to drive the success of small and medium businesses. This can happen via email using samsungbusinessdirect@sea.samsung.comfor example, or you can talk to the team over the phone.

With the right guidance and support, SMEs not only get the financing they need, they also apply it to the best possible purchases that can help grow their business.

5. A foundation for future growth

Large enterprises are not the only organizations trying to achieve a higher return on investment (ROI) for the mobile technologies they acquire.

Flexibility is not only important when you make an initial purchase, but also in preparing your business for long-term needs and opportunities. As the business grows or customer demands change, for example, some small and medium-sized businesses may need to add more devices than they initially expected.

Samsung Business Financing addresses this issue with a series of options and terms that support these scenarios, including financing obsolete equipment with commercial and credit offers. This can significantly reduce the total cost of ownership (TCO) for new devices, including Samsung-certified refurbished smartphones that have passed rigorous quality testing.

Financing should never be a one-size-fits-all proposition. By being able to save credit for future purchases, small businesses can move forward with confidence as new innovations in AI and mobile devices emerge.

Digital transformation is an essential part of meeting customer expectations now. Fortunately, it is an opportunity that is not limited to large companies. Samsung Business Financing can help small businesses capitalize on all the productivity, efficiency and increased collaboration that come from the Galaxy S24, Galaxy Book4 Series and other mobile technology innovations.

Ready to take the next step? Learn more about Samsung Business Financing It is apply today.