Mitch Rezman said
5 months, 2 weeks ago: This may be slightly OT but it’s been a great resource for us. We’ve had some real challenges in getting bank financing. Even though we’ve been around 20 years and UI know branch managers at 5 Chase branches, JP Morgan Chase felt that derivatives were a better risk.- Karma
That said, I received a 20,000 line of credit with $4600 deposited in my PayPal Account at 3AM in 7 minutes with no paper work. Interest rates are transparent on their site. Pay back is steep in that you have only 6 months but we’re actually on our third “revolution” of the full line of credit in about 6 months.
They only loan to on line businesses.
Here’s CEO Sam Wheeler talking to NBC about how we got funded: http://goo.gl/CTocC
Here’s a link to the site; http://Kabbage.com