UPS: Making Loans to Small Biz

Discussion in 'The Latest UPS Headlines' started by cheryl, Sep 5, 2008.

  1. cheryl

    cheryl I started this. Staff Member

    UPS: Making Loans to Small Biz - Business Week

    Package delivery giants United Parcel Service (UPS) and FedEx (FDX) are making aggressive moves to pare back rising fuel costs. But UPS is also taking a more unusual step: trying to boost customer demand by loaning money to small businesses. On Sept. 9 the Atlanta company plans to unveil Cargo Finance, aimed at helping small customers that need funds to keep their product orders flowing. "We found that entrepreneurs would love to have someone provide them with working capital," says UPS Capital Senior Managing Director Chris Vukas.