If you’re a small business owner in need of some quick cash, you may have come across Kabbage Funding. Or, if you’re like me, you have received countless Kabbage invitations in the mail.
You may even be exploring starting a business of your own. After all, this past year has taught us that it’s never too late to pivot and take a shot at being your own boss.
In fact, 63% of small business owners are over 40 years old.
However, the next generation of entrepreneurs is getting in on the business game too.
Millennials and GenZs are 188% more likely to start their own business.
But every business owner will, at some point, need to make an important decision: how to finance and manage cash flow for their business.
This article will break down Kabbage Funding by American Express and three alternative small business financing and banking options.
Kabbage leads the pack of a new breed of online lending platforms helping small businesses secure quick loans at convenient terms. Small business owners who cannot fulfill the requirements of traditional lenders can easily access a line of credit on Kabbage.
With Kabbage, businesses can enjoy ample funding flexibility, raising funds whenever the need arises. The loans range from $2,000 to $250,000 and can be used to fund e-commerce inventory, payroll, operational costs, or marketing and advertising campaigns.
What’s more, you can raise funds as often as you want without ever worrying about expenses like application or origination fees, maintenance fees, or payment penalties