Do you have an online business that sells via eBay, Amazon, Yahoo (or several other online platforms)? Do you have a history of sales, for at least a year? And could you use $500 to $40,000 -- NOW?
You could be a candidate for Kabbage.
Kabbage provide advances to small entrepreneurs based on their social activity online. And, best yet, they really have money in their coffers. In January 2011 they goat a $6.6 million infusion of cash, and now they have secured Series B financing in the amount of $17 million. The financing comes from major investment houses like Mohr Davidow Ventures. This is no slouch of a company.
Your company will be judged on its sales, yes. But also on its customer engagement, like FaceBook Likes, and Twitter retweets, and more.
These are not technically loans. They are advances for up to six months, at interest rates ranging from 10 to 18 percent.
You won't need a business plan for this option. Just go online and fill out their app. They do all the background checking and can even get back to you in minutes if they can readily get the info they need.
A most unusual option for alternative financing for small business.
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