Iselin, NJ – October 22, 2020 – The American traditional banking and funding sector shows serious disparity when it comes to offering capital and financing opportunities to minorities. For years, minority communities like the Blacks and the Latinos, have been denied loans or financing assistance for no valid reason. But here comes a good news, Grammy nominated music producer, real estate developer & CPA, A. Donahue Baker is all set to redefine the conventional banking and lending space with digital banking and financing services to create equal wealth building opportunities for all, especially the minority communities.
Baker has co-founded a FinTech company “Money Avenue” which is currently ranked as the 9th fastest growing FinTech company in the space and ranked as 199 out of the top 500 fastest growing companies in the country. The company has announced it will offer comprehensive digital banking service, including all the major wealth building services, such as savings and checking accounts, fast personal and business loans, insurance products, budgeting, and education to help everyday people improve financial literacy and build wealth. The banking service will officially commence early quarter of 2021.
(In Frame: A. Donahue Baker, CPA – Co-Founder, President)
At present, Money Avenue offers an extensive range of financing services, including residential home loans, business credit, business loan, personal loans and so on. The company also extends fix & flip and investment property loans. For those who need fast cash, there is a distinct service called Quick Capital Credit Transformer.
“The current financial system in the country shows stark signs of inequality. A dollar might circulate for as long as 20 days when it comes to White community it will only last 6 hours in Black community. For decades, minorities like Black Americans and Latinos have been denied loans and mortgages by conventional financing institutions (read banks) for no solid reason. Such an unfair financial system has prevented many families from the minority section to build generational wealth. It’s about time we change that, and Money Avenue is our humble attempt to disrupt the traditional banking and financing system in the country to create fair wealth opportunities for all”, stated Mr. Baker.
Money Avenue is looking forward to offering every business at least $50k in business funding. The company is also willing to sign up for joint venture projects with developers and invest in their projects.
What separates Money Avenue from regular financing institutions is its highly personalized service as well as fast provision of loans without many hassles of documentation formalities and they don’t nickel and dime you with fees. For most of the personal financing programs, the company requires very minimal documentation and assures business loan approval in as little as 30 minutes.
“We promise you fast access to business credit or any other loan so that you can meet your financial needs quickly and concentrate more on growing your business and wealth. We hardly impose any cash flow, collateral requirements which helps us to cater to businesses of all budgets, especially startups. Your growth is the most important for us.”
For more information, please visit https://moneyave.com