Small Businesses Say ‘Yes’ to Online Lending Through NFIB Partnership With Kabbage

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Main StreetThe largest association of small and independent business owners in the country is embracing online lending.

The National Federation of Independent Business (NFIB) announced a strategic partnership with Kabbage yesterday. The NFIB has more than 325,000 members.

Speaking about Kabbage, NFIB SVP Mark Garzone said, “Access to working capital for an expansion, repairs or short-term cash flow needs is essential for small businesses to thrive. We know that our members will benefit from this valuable resource.”

While the partnership is clearly a sign of Kabbage’s prowess, it also serves to reinforce the value that online lenders can provide to small businesses in general. “Many of our members – like a number of small businesses – struggle with the standard loan process when they need access to working capital,” said Garzone.

Not all online lenders are created equal, but a few have stood out from the crowd, in this case, Kabbage.

Earlier this month in The Atlanta Journal-Constitution, NFIB representative Holly Wade said, “Our fear is that they will over-regulate [online lending] out of existence or to the point that it’s no longer a benefit.”

Last modified: March 31, 2016
Sean Murray

Category: Business Lending

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