How to Get Some Green From Kabbage.com
Small business owners hawking their goods online have another option when it comes to financing: Kabbage.com.
Geared toward online merchants that make at least $1,000 a month in volume, Kabbage.com is an Internet platform that enables the firms to apply for working capital and get an answer in seconds. According to co-founder and chief executive Rob Frohwein, Kabbage.com was created to address the unmet lack of working capital for Internet based retailers.
“Small businesses have always been the ugly step child of the financial world unable to get access to grow their business,” says Frohwein. “With online merchant channels it’s even that much harder because traditional financial sources don’t understand online businesses.”