Name

Email Address

Learn More
  • HOME
    • eBay Auctions
    • Lynn's eBay Store
  • PRODUCTS
    • Overview
    • Videos
    • Books
    • eBooks
    • Audio
    • Packages
    • Tools
  • COURSES
    • Self-paced
    • One-on-One
  • PAST EZINES
  • SUPPORT
    • FAQs
    • Learning Resources
  • ABOUT US
    • About Lynn
    • Testimonials
    • Lynn's Favorites
    • Awards
    • Business Policies
  • CONTACT US
    • eNews Sign-up
    • Press & Media
    • Press Releases
    • Images
    • Consulting Services

| Subscribe | Share More

Home > Blog

Kabbage is King….Kash for eBay Sellers

by Lynn Dralle on January 20, 2011

If you ever have a need for some quick eBay cash to invest in merchandise, hire additional employees or purchase equipment (like computers), Kabbage is the solution for you. It is the coolest company and I was very fortunate to meet Marc Gorlin (co-founder and Chairman) at eBay on Location in Atlanta.

When I was introduced to Marc by Cindy Shebly (who had tested Kabbage in the beta stage), I was extremely interested. Wow, a company that just wants to lend money to eBay sellers. What an amazing concept!

Kabbage just secured $6.7 million from Blue Run Ventures in Silicon Valley, David Bonderman (founder of TPG), Warren Stephens (CEO of Stephens Inc) and the UPS Enterprise Fund to help grow it’s lending services. Warren Stephens (CEO of Stephens inc.) said he invested in Kabbage because he thinks it is extremely important that retailers and merchants have easier access to capital to grow their businesses. How true!

Kabbage will lend as much as $12,000 to individual eBay sellers depending upon a few key factors. Here is the front page screen of the Kabbage.com website. It is super user friendly and a simple yet powerful concept.

Kabbage takes a look at your eBay selling history, buyer feedback ratings, customer traffic and inventory. This first pass is very quick and when I went through the process I couldn’t believe that within two minutes, Kabbage told me that I COULD be eligible for $6,800.

Don’t forget that it is “Could” as the next thing that Kabbage will check is your credit score. They are definitely more lenient with credit scores than the banks and this is great news! Kabbage will ask for your Social Security number and bank routing information.

Once they approve you based on your selling performance and credit score, you can see the KASH in your paypal account within minutes. It is really cool!

I took out a Kabbage loan for $1,500. I am going to use it tomorrow when I go and see my antique dealer friends. I hope to have the loan repaid within 30 days by selling some of the antiques right away. Within the next six months, I should double or triple that initial investment.

Here is a sample of the types of antiques that I have been buying and yes, happily selling.

See this listing here.

Kabbage charges between 6 and 16% on the initial advance amount. So if I pay back my $1,500 within 30 days it will have only cost me $90.00. If I take the entire six months it will cost me $240.  Keep in mind that I plan to turn that $1500 into $3000 or maybe even $4500 within six months.  $240 will be a small interest expense to pay for a gross profit of $3000.

You will have a six month repayment schedule and can repay early with no penalty.

Just go to Kabbage.com and see if you qualify for cash to help your business grow. What an awesome service that is only being offered to eBay sellers. A company that cares about us small guys! Cheers to Kabbage.

Lynn


Visit my eBay Store.

Visit my eBay auctions.

For more great eBay tips and stories, visit my web site at:
http://www.thequeenofauctions.com


WANT TO USE THIS ARTICLE IN YOUR EZINE OR ON YOUR WEBSITE? Yes, you may – just as long as you include all links as they are and append this complete blurb with it: The Queen of Auctions and eBay Power Seller, Lynn Dralle, publishes ‘eBay Tips & Tricks’ a weekly ezine with 10,000+ subscribers. If you’re ready to jump start your eBay business, make more money and have more time, get your FRE E tips now at www.thequeenofauctions.com

{ 1 comment… read it below or add one }

1 Chanel May 9, 2018 at 9:30 pm

Fantastic items from you, man. I’ve bear in mind your
stuff previous to and you’re just extremely excellent.
I actually like what you’ve acquired right here, really like what you’re stating and the best
way during which you are saying it. You’re making it entertaining
and you still take care of to keep it smart. I can’t wait to learn much more from you.
This is actually a terrific site.

Reply

Cancel reply

Leave a Comment

Previous post: eBay Selling Tips – New International USPS chart

Next post: eBay Seller Advice – What to Do When You Make a Mistake in a Live Listing

Get smart with the Thesis WordPress Theme from DIYthemes.

Podcast Powered by podPress (v8.8)

The Queen of Auctions


Press & Media
Contact Us
Customer Testimonials
Policies

eBay Training Products


eBay Books
eBay Video Tutorials
eBay Audio Tutorials
eBay Training Packages

eBay Selling Courses


Live Bootcamp 2009
Bootcamp Training
Self-Paced Courses
One-on-One Courses

eBay Tips & Tricks


Lynn's Blog
Email Newsletter
eBay FAQs
Online Community

eBay Resources


eBay Consulting
The Queen's Court
Lynn's Auctions
Lynn's eBay Store
Site Map

Payment Methods