UPS: Making Loans to Small Biz »
Posted By hurr1 2 months, 3 weeks ago in Business & FinancePackage 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.
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