Do you need money to get your online business off the ground? Are you an eBay seller who needs capital in order to have inventory to sell? Turns out, Kabbage is just what you need!
Kabbage is a company that provides capital to a variety of merchants, and with additional funding, they can begin to spread their capital to new markets and retailers. After securing $6.65M in Series-A funding, Kabbage will be able to give loans to those businesses who might have troubles getting money in traditional ways. This funding is led by BlueRun Ventures, with help from Warren Stephens, the UPS Strategic Enterprise Fund, and David Bonderman.
Not only does Kabbage look at the credit rating of the business, but they also look at other factors which might show the business' credibility: feedback, seller ratings, etc.
When you need money, all you have to do is go to the Kabbage website, do the paperwork, and you may be able to get an advance to your PayPal account in just minutes.
The terms of a Kabbage loan include a flat rate change per $100 for the first 30 days. Once that term is over, businesses will pay a flat rate fee based on the total amount advanced. Businesses are expected to begin repaying their loans less than six months after they begin.
Want money? Talk to Kabbage. Plenty of capital is healthy for you, and now you can go back for second helpings.
