Kabbage Expands Credit Line Sizes Up to $250,000

Kabbage, Inc., a global financial services, technology and data platform serving small businesses, now offers lines of credit of up to $250,000. The expanded Kabbage® product provides larger businesses with access to greater purchasing power for longer-term investments. $250,000 is the largest credit line available from any online lender and will allow Kabbage to expand its customer base to serve larger businesses.

In Kabbage’s recent survey of 800 small businesses, responses show that more than 73 percent of businesses expect to increase their revenue by more than 20 percent in 2018 – a goal that requires simple, flexible access to large amounts of working capital.

credit line expansion will support existing and new larger customers with the funding needed to make these investments, including acquiring specialized equipment, large marketing initiatives, location expansions and more. In 2018, the survey also found respondents intend to invest in:

• Mobile technologies, such as apps, advertising or text automation to acquire new customers and deepen their relationship with existing ones (51 percent)

• Technologies to reduce manual process and paperwork (59 percent)

• Social advertising, increasing spend by 20 percent across Yelp, Facebook, Twitter, Pinterest and others (49 percent)

• Cybersecurity tools and software to protect company and customer data (46 percent)


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