November 13, 2012 1 Comment
4 questions to ask yourself before taking out a loan
A business loan can be a great way for an online seller to grow his or her business, but it may not be the right option for everyone. There are a few things you need to consider before you decide to take out a loan. Read More
October 1, 2012 2 Comments
Loans are for Amazon marketplace merchants, by invitation only.
Companies that provide small-business loans to online sellers, like Kabbage and iwoca, may have a new competitor, as Amazon is getting into the lending business. The new program, called Amazon Lending, is accessible by invitation only. Amazon is telling customers about the lending program through emails to “pre-qualified” sellers, according to news reports. Read More
April 30, 2012 No comments
Capital to help your online business grow can come from a variety of sources.
One of the most challenging aspects of starting and managing a small online business is finding the funds that will help you realize your dream. This is particularly difficult as your business begins to grow and mature. Fortunately, there are a variety of avenues by which business owners might acquire capital for startup or expansion. Read More
April 26, 2012 No comments
Startup iwoka provides short-term working capital loans.
eBay sellers in the U.K. who need quick cash to expand their business now have an alternative to traditional loans. A startup called iwoca—short for instant working capital—has begun providing short-term financing, specifically geared to commercial eBay sellers. iwoca looks at a seller’s trading history and feedback score (500 minimum) as part of its credit check. Read More
April 17, 2012 No comments
Program makes additional funding available to lenders.
Applications are now being accepted through the Small Business Administration for intermediary lenders to acquire long-term loans to help finance small businesses. Under the Small Business Jobs Act of 2010, the SBA launched the Intermediary Lending Pilot Program, which provides the loans to eligible nonprofit intermediary lenders that re-loan the money to new and growing small businesses. Read More
April 12, 2012 No comments
Newly signed law cuts red tape for small businesses.
Though more than 400 “crowd funding” platforms have reportedly been operating in recent years, it has essentially been an illegal process until last week. On April 5, President Barack Obama signed the JOBS Act, which will allow many entrepreneurs to sell shares to the general public, and tap into the pool of investors with fewer restrictions under the Securities and Exchange Commission. Read More
February 15, 2012 No comments
Sellers can use shipping history to apply for cash advances.
Kabbage Inc. and UPS today announced a partnership that will give small online merchants a little more leverage when applying for cash advances. The agreement means sellers who are UPS customers can now use their shipping data as part of their credit history to potentially get more working capital at lower interest rates. Read More
August 17, 2011 No comments
Milestones validate small-business lender's alternative approach.
Kabbage Inc., which provides working-capital advances to online sellers, has received a little working capital of its own. The Atlanta-based company announced it has secured $17 million in Series B venture funding, bringing its total capital raised this year to $23.65 million. Read More
November 10, 2010 No comments
Non-traditional funding sources can help jump start your business.
Have you thought about expanding your online business, but wondered how you could manage to pay for it? Or has the uncertain economy affected your operation to the point that you’ve considered scaling back or shutting it down, all together? You could max out your credit cards, borrow money from friends and family, or apply for a bank loan. Read More