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 itâ€™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.