Small businesses are the backbone of the American economy, yet they often struggle with financial challenges that can limit their growth potential. Thomas Priore, CEO of Priority, has dedicated much of his career to developing solutions that address these challenges and help small businesses thrive.

“The average small business has less than 60 days of working capital,” Priore notes, highlighting a common problem that affects many entrepreneurs. Through Priority’s innovative platforms, he has created tools that help small businesses improve cash flow, access capital, and optimize their financial operations.

The MX Merchant suite of services offered by Priority provides small businesses with a comprehensive solution for payment processing, billing, sales tracking, inventory management, and customer engagement. This all-in-one platform allows small business owners to streamline their operations and focus on growth rather than administrative tasks.

One of the key benefits Priority offers small businesses is faster access to funds. “When you’re using our banking-as-a-service product alongside MX Merchant, your money shows up within minutes of your batch closure, even on a holiday or a weekend,” Priore explains. “That doesn’t happen with any other provider in our space. As a restaurant owner, that’s gold to me.”

This accelerated cash flow can be particularly valuable for small businesses in industries with thin margins, such as restaurants and retail. By getting paid faster, these businesses can better manage their operations, pay suppliers on time, and take advantage of opportunities for growth.

Priority Capital, a recent addition to the company’s offerings, provides small businesses with fast access to funding based on their transaction data. With 4 out of 10 small business owners reporting difficulties obtaining financing from traditional banks, this alternative funding source can be a lifeline for entrepreneurs looking to expand their operations or weather financial challenges.

Through these innovations, Thomas Priore has made a significant impact on the small business ecosystem, providing entrepreneurs with the financial tools they need to succeed in today’s competitive marketplace.