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'''Kabbage, Inc.''' is an Atlanta based, online [[financing]] corporation founded in 2008 to provide working [[capital]] to online merchants as they list products for sale, leveraging information generally available on online marketplaces to assess [[risk]] and help determine advance amounts and related [[fees]] and [[interest]]. Online merchants generated more than $48 Billion in 2008, on eBay alone, but a large segment of online retailers is underserved for financial services products because traditional underwriting and funding criteria do not account for a ‘virtual’ commerce business model, or the value of recently sold inventory. <ref>www.kabbage.com</ref>

Kabbage loans are based on a number of factors, including, but not limited to, a seller’s rating, time in business, transaction volume, and the seller’s credit score. Single loans range between $400 and $20,000, based on these factors. Clients can access their loans in 25%, one-month staging increments, (which are paid back over the course of six months).

Currently, Kabbage loans are only available to merchants who sell on eBay and Amazon, but will be available to sellers on marketplaces such as Yahoo, Etsy, and Bonanza, in the near future.

As of its last round of investing, Kabbage has raised around $9 Million from a number of accredited investors. Kabbage has grown to over six hundred funded customers in forty-eight states since credit lines opened in April/June of 2010.

==Notes==
{{reflist}}

==References==
*www.kabbage.com

Revision as of 14:26, 21 June 2011

Kabbage, Inc. is an Atlanta based, online financing corporation founded in 2008 to provide working capital to online merchants as they list products for sale, leveraging information generally available on online marketplaces to assess risk and help determine advance amounts and related fees and interest. Online merchants generated more than $48 Billion in 2008, on eBay alone, but a large segment of online retailers is underserved for financial services products because traditional underwriting and funding criteria do not account for a ‘virtual’ commerce business model, or the value of recently sold inventory. [1]

Kabbage loans are based on a number of factors, including, but not limited to, a seller’s rating, time in business, transaction volume, and the seller’s credit score. Single loans range between $400 and $20,000, based on these factors. Clients can access their loans in 25%, one-month staging increments, (which are paid back over the course of six months).

Currently, Kabbage loans are only available to merchants who sell on eBay and Amazon, but will be available to sellers on marketplaces such as Yahoo, Etsy, and Bonanza, in the near future.

As of its last round of investing, Kabbage has raised around $9 Million from a number of accredited investors. Kabbage has grown to over six hundred funded customers in forty-eight states since credit lines opened in April/June of 2010.

Notes

  1. ^ www.kabbage.com

References

  • www.kabbage.com