Kabbage, Inc, a provider of working capital for small businesses, and UPS recently announced an important alliance for small businesses throughout the US. Kabbage provides advances to established online sellers who need a funding to help build their business.
In determining the amount of the advance a seller qualifies for, Kabbage looks at a seller's selling history, social networking, and other factors. UPS will allow Kabbage to view shipping history to determine how established an online seller is.
In addition to showing a seller's shipping history, UPS Capital, a division of UPS, will also provide Kabbage with a credit facility which will allow Kabbage to reach even more sellers. The company currently assists more than 15,000 online sellers.
�Access to working capital for small businesses is fundamental to the country�s economic recovery,� said Alan Gershenhorn, UPS chief sales and marketing officer. �This alliance with Kabbage is an example of how UPS and UPS Capital can help small businesses gain access to the working capital they need to grow their business. We�re looking forward to extending our alliance with Kabbage and the thousands of e-commerce companies it supports.�
For more information about the partnership, please click here.
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