“We Provide Instant Decisions For Your Business” #SFSBW2016 Interview: Kabbage Inc.
#SFSBW2016 asked our sponsors to share insights, best practices, and examples of how they help small business owners flourish. Today we hear from Kabbage.
What is your company’s mission?
Through its data and technology platform, Kabbage Inc. provides fully automated funding to small businesses. Customers apply online in minutes to connect existing business information generated through accounting data, online sales, shipping and dozens of other sources. Kabbage provides an instant decision and gives qualified small businesses ongoing access to lines of credit up to $100,000.
How does your organization support and engage the small business community?
Kabbage is very active in the small business community. We work with various organizations to host and sponsor events that educate small businesses on financing options in addition to other resources such as marketing. We also host webinars and provide online educational content to our customers as well as the overall small business community.
What tools and resources has your organization created to help small businesses tap into new opportunities to reach new customers, increase their revenue, and grow their business?
By providing a line of credit for small businesses, Kabbage allows businesses to continue to use their funds as a resource when they need to grow their business. Whether the funds are used for marketing, working capital or inventory, Kabbage will support your business initiatives.
What are the trends you see when you think about the small business marketplace, and how will these trends shape the future of small business?
There is more technology available to small businesses than ever before. These platforms are allowing small business owners to be more mobile and efficient. With that being said there’s also challenges that come with selecting which vendors to use and how to best optimize for your business. We think this space will continue to grow and as a small business technology company, Kabbage will continue to support these new technologies.
Can you share one brief story about how your company is helping San Francisco businesses thrive?
Kabbage recently hosted an event with Facebook to show small businesses how you can leverage Facebook to grow your business via Facebook ads and your Facebook page. We also strive to connect local businesses with one another through events like this so they can learn and promote their businesses.
What words of advice or wisdom would you like to share with small business owners?
Small businesses should know they are not alone when trying to figure out new ways to grow their business. There are so many great and free resources and you should try to connect with other businesses to learn from them as well.