You are an eBay online merchant. You are doing great. Your sales are through the roof and you are meeting yourself coming and going and even though all is good now, you are worried about later this year when your Christmas sales will pick up. How are you going to meet the growing demand on your product and your time? You are the listing writer, product buyer, warehouse manager, shipping department, and customer service representative for your company all rolled into one. You are already at your personal limit and later you know you will not be able to meet increased demand.
Enter Kabbage.com. Who is Kabbage and what can they do for you? Kabbage is a company that specializes in providing capital for online merchants. As you probably already know, capital is hard to come by when you are an online merchant. The vast bulk of companies that lend to merchants have policies that are geared toward brick and mortar merchants. The world is moving on and they are behind the times. The need for someone to fill the gap and provide capital for online merchants is very strong. That is the need that Kabbage is filling.
Kabbage has a very simple system. Simple is good. You don’t have to spend an hour filling out forms to prove your worth to Kabbage. You have already proved yourself by your online selling record at eBay. With your permission, your history at eBay is easily checked and because of that, Kabbage can let you know quickly whether you qualify for their services. You will have the advantage because you already have a good feedback and sales history.
Kabbage charges a simple flat rate per $100 advanced for the first 30 days and additional flat rates for the second through sixth months based on the original advanced amount. They do not charge any start-up, monthly, or annual fees.
Pretty simple and straight forward. I am a fan of simple and straight forward. There is really no reason to make it harder than it needs to be. As an online merchant, you can get the capital that you need to grow your business this year. You can hire the temporary, or permanent, help you need to give you the breathing room to grow your business to the next level. You can buy the additional inventory you need.
One last note. I love great names. Kabbage is a great name. Kabbage is a play on cabbage. Cabbage is slang for money. Kabbage by any other name means money. Money when you need it to grow.