Business Funding for Web 2.0 and Beyond
How great would it be to secure business funding for your online venture? If getting your hands on some quick "cabbage" would help your Internet business, innovative Kabbage.com may offer the perfect solution. Having run several eBay storefronts and selling family members crafts on Etsy, I understand the needs of small businesses, especially start-ups whose distribution strategy relies heavily on outlets such as these.
Get Green and Keep Growing with Kabbage
A Web-based cash advance service, Kabbage funds small businesses that sell goods online, particularly on platforms such as Etsy, eBay, and Amazon. Not to be confused with a "loan," a Kabbage cash advance has helped thousands of online business owners keep succeeding. It's a great funding source for help purchasing more inventory, supplies or advertising. You can also use your infusion of fresh cabbage to pay employees, contractors, and outsourced help.Similarly, the company recognizes that although an online business processes orders and sales online, there's still a need for extra cash, to handle offline expenses. Simply put, Kabbage throws many small online businesses the lifeline they need to thrive.
Launched in late 2010, Kabbage exclusively funds U.S.-based online sellers. If you ask about business funding for a bricks-and-mortar initiative, they won't approve the request.
Lettuce Get Kabbage Without Hassles
Interestingly - and conveniently - Kabbage delivers the cash advance to your PayPal account. Once approved, they send the money quickly, too - often in less than 10 minutes! If you don't have a PayPal account, they'll deposit to your checking account. The money becomes accessible in one to three days, max.
Decisions are based on your online sales volume, customer satisfaction ratings, and credit scores. The company stresses, though, that a credit score alone isn't their ultimate deciding factor. A decent track record of sales and healthy customer reviews carry weight.
Innovative Kabbage, Plowing the Future for Online Businesses
A diverse group of online sellers have received Kabbage cash thus far. Among them: a cowboy boot restoration company and an e-commerce site that sells cosmetics for professional models. So far, over 4,000 Internet businesses have been served, with many of them approved for online business funding more than once.Continued on the next page