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

By equipping their teams with mobile technologies such as a Samsung Galaxy S24 or Samsung Galaxy Book4 Series device, for instance, SMBs can drastically boost productivity, drive efficiency and foster greater collaboration. These devices also give SMBs AI capabilities that can transform customer and employee experiences.

A lack of budget often prevents businesses from capitalizing on the latest innovations. Amid continuing economic headwinds, it’s no wonder that 67% of U.S. small businesses are looking for additional funding over the next 12 months. This is not a new issue, either. In research conducted last year, 75% of small businesses said they’re concerned about their access to credit.

The contribution SMBs make to the economy means they deserve as many options to finance their growth as possible, and to enjoy the best possible experience when they apply for it.

If you’re among those actively looking for small business financing, these attributes should be top of mind:

1. Same-day decisioning

Business conditions change quickly, and staying competitive demands working with speed. Yet, traditionally, applying for small business financing could take weeks before entrepreneurs get the answers they need.

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Those standards are changing with offerings like Samsung Business Financing. Underwritten by our partner Credit Key, SMBs can work with us to accelerate their adoption of best-in-class mobile technology. Approvals often come within 48 hours (with the majority of applications getting an answer the same day).

Financing decisions shouldn’t leave you feeling like you’re in limbo. Rapid decisioning means more time to equip your team with products like Galaxy S24 Series and Galaxy Book4 Series, so you can begin taking advantage of their features.

2. Flexible options

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

This is why Samsung Business Financing offers terms ranging from net 30 to 12 months. It’s about putting control back in the hands of the SMBs investing in technology, allowing them to choose a payment schedule that aligns with their needs.

It doesn’t matter whether you’re operating as a sole proprietor or a true mid-size business. Samsung has financing options for every kind of SMB.

3. Digitally driven processes

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

The financing services small businesses use should be no different, where you don’t wind up drowning in forms and other paperwork. After all, many SMBs don’t have a dedicated accounting team. Owners might be managing accounts payable and receivable on their own, so they need a streamlined way to get full visibility of cash flow and other details.

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

This goes a long way to being on top of your cash flow position, and it’s consistent with the ease of use we’ve built into the Samsung Business site and Shop Samsung app.

4. Expert guidance and personalized support

As much as SMBs might appreciate automation, financing is also a delicate subject, where they might want to ask experts questions before making a decision.

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It’s not always easy for SMBs to determine what they need in terms of financing, for instance. What happens if they need an increase in their credit limit? Maybe there are options they want, but they are unsure if their provider can support them. What devices should they use their financing to purchase?

Much like grasping the latest technologies, this isn’t a journey SMBs should have to take on their own.

Samsung helps at every stage and is bringing on dedicated team members to further SMBs’ success. This can happen via email using, for example, or you can chat with the team by phone.

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

5. A foundation for future growth

Large enterprises aren’t the only organizations trying to achieve a greater return on investment (ROI) for the mobile technologies they acquire.

Flexibility is not just important when you’re making an initial purchase but in preparing your business for long-term needs and opportunities. As the business grows or customer demands change, for instance, some SMBs may have to add devices more than they initially expected.

Samsung Business Financing addresses this with an array of choices and terms that support these scenarios, including financing outdated equipment with trade and credit offers. This can significantly lower the total cost of ownership (TCO) to get new equipment, including Samsung-certified renewed smartphones that have passed stringent quality checks.

Financing should never be a one-size-fits-all proposition. 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’s an opportunity that’s not limited to large enterprises. Samsung Business Financing can help small businesses capitalize on all the productivity, efficiencies and increased collaboration that come from Galaxy S24, Galaxy Book4 Series and other mobile technology innovations.

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

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Patrick Lord

Patrick Lord is a seasoned e-commerce strategist with a robust background in finance, specializing in transformative strategies for B2B and B2C organizations. With over 14 years of experience, Patrick currently plays a pivotal role at Samsung, where he adeptly translates complex financial strategies into successful market results, particularly in the fintech and e-commerce sectors. As a strategic leader, Patrick is particularly passionate about leveraging his extensive experience to drive growth and efficiency in small and medium businesses (SMBs).

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