The new Kabbage® financing solution provides up-front commissions and recurring revenue opportunities while supplying small businesses with an ongoing funding source for everyday needs.
Kabbage now offers its automated online lending solution to master agents and their sub-agents serving small businesses, including value-added resellers (VARs), system integrators (SIs), and managed service providers (MSPs). Find out more information here.
The challenge with financing channel sales
For small business customers, financing a multi-product purchase through a master agent or reseller can be a challenge as financing options are primarily exclusive to specific products from individual vendors. Approval for financing can take too long through traditional lending processes, require heavy paperwork or repayment lengths can be insufficient — as short as 30 days.
An automated financing solution for master agent resellers
By sharing a unique URL, master agents and resellers can offer their small business customers a simple financing solution that can provide a quick funding decision.1 Once approved, small business customers have access to a Kabbage line of credit to manage everyday cash flow needs. The master agent or reseller will earn an upfront commission at the time of qualification, as well as a percentage of all future withdrawals the customer makes — irrespective of the purpose.2 For the small business customers, there are no fees to apply, no fees to maintain the line of credit, and there are no obligations to take funds.
Why it’s unique
For the small business owner:
- Get an answer quickly: Kabbage offers a short, automated and online application process
- Take only what you need: Lines of credit go as high as $250,0003 with no withdrawal obligations
- No hidden or annual fees: Small businesses do not pay to apply or maintain the line of credit
- Straightforward financing: Transparent terms with simple monthly fees
- Convenience: Access funding online, on your phone or via the Kabbage Card4, 24/7
- Cash flow management: Once approved, Kabbage funding can be used for any business cost — from hiring seasonal employees to marketing or location expansions.
For the master agent or reseller:
- Simple financing: Receive a unique URL to easily share with small businesses to quickly apply
- Increase revenue: Get paid with an upfront commission every time a small business qualifies2
- Dedicated representative: Ongoing customer service and marketing support from Kabbage
- Recurring revenue: Earn a percentage of customers’ future withdrawals2
- Agnostic solution: Help small businesses purchase products across vendors with one financing provider
Partner and Customer testimonials
“The technology, training and equipment required by small businesses are as unique as the businesses themselves,” said Kabbage Head of Sales, Noel Hillman. “We remove the friction that is inherent in financial services offered across the small business ecosystem. This friction impacts small business service and solution providers as well as their end customers. With Kabbage, resellers working through master agents can benefit from recurring revenue every time their customers draw from their business lines of credit, and their customers benefit from simple financing that fits their business.”
“Before Kabbage, TDM did not have a simple, flexible financing option in our provider portfolio. Kabbage has a fast, online application that expedites and consolidates an otherwise tedious puzzle-set of funding sources and requirements for our partner’s customers. Pair that with the recurring revenue opportunity for our partners, Kabbage is a unique and common-sense financing option that appeals to our industry and the vast majority of customers with which we work,” said President of Telecom Decision Makers, Robert Bowling.
“The master agents in the Technology Solutions Exchange have embraced additional business services that add value to our sales partners and their customers. Kabbage is a great addition to our global portfolio of providers because it has an attractive value proposition for the customer and a strong commission opportunity for the partner,” said CEO of P2 Business Services and Co-President of TSX, Bill Patchett.
“Once Kabbage was introduced to our partner community they could immediately incorporate Kabbage into the suite of services they offer customers. Many of our managed services providers that make up our partner base know and understand that their business clients not only need technology, but they need other services to help their businesses grow. Kabbage is a great complement to what we already deliver,” said CEO of TelAdvocate, Mike Boland.
Check us out in the press
“Kabbage: Line-of-credit product can boost channel margins” – TechTarget
“Financial Lender Kabbage Moving Into the Channel with New Program” – Channel Futures
1Kabbage can approve businesses in minutes for up to $150,000 when we are able to automatically obtain their business data and verify their bank account. Lines of credit over $150,000 require a manual review. In some situations, errors may occur during the sign up process, or we may need to send micro-deposits to confirm their bank account for security purposes. If this is the case, it may take up to several days to provide them with access to funding.
2Upfront commission to be paid within 45 days of customer loan qualification. Loan origination commission shall be paid when customer draws against their approved line of credit within 24 months of customer loan qualification.
3Credit lines and pricing are subject to periodic review and change, including line and pricing reductions, line and pricing increases, or line eliminations. Individual requests for capital are separate installment loans. All loans are subject to credit approval. Frequently Asked Questions.
4The Kabbage Card is issued by Republic Bank & Trust Company, member FDIC, pursuant to license by Visa U.S.A., Inc. See the Cardholder Agreement for Terms & Conditions including fee schedule details.
All Kabbage® business loans are issued by Celtic Bank, a Utah-chartered industrial bank, Member FDIC. Terms, conditions, features, availability, pricing, fees, service and support options subject to change without notice.
Contact us at 925B Peachtree Street NE, Suite 1688, Atlanta, GA 30309
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