UPS Capital, Kabbage Partner to Offer Small Businesses Loans
JUN 18, 2015 - 6:35 am
UPS Capital announced a partnership with Kabbage, a technology and data platform that powers automated small business lending.
UPS Capital can now offer its small business customers real-time access to capital via Kabbage, to deliver the borrowing power they need to grow their businesses. The Kabbage technology platform continuously monitors the health and seasonality patterns of its customers to automatically deliver the right level of funding to each customer at the right time.
“Small businesses are essential to America’s economy, as they are responsible for two out of every three new jobs in the United States,” said Ronald Chang, president of UPS Capital. “Since the recession, small businesses have had a difficult time accessing the capital they need to manage cash flow, hire new employees or purchase new inventory and equipment. By partnering with Kabbage, UPS Capital can now help more small businesses grow and achieve their potential.”
“UPS has been an important investor and partner for Kabbage since we launched four years ago,” said Rob Frohwein, Kabbage co-founder and CEO.
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