SoFi Technologies, Inc.
(NASDAQ:SOFI) stock is in focus Wednesday following two significant operational developments: the launch of its small business lending platform and its involvement in the upcoming nationwide rollout of the Trump Accounts program.
Small Business Lending Expansion On Tuesday, SoFi announced the launch of SoFi Small Business Loans.
The product provides eligible entrepreneurs with fixed business loans of up to $250,000 to purchase equipment, stock inventory, or hire staff.
The company stated that applicants can check eligibility within minutes and access funding as soon as 24 hours after approval.
