Accountingprose uses Kabbage loan to hire employees and cover payroll to increase client base
As the owner of Accountingprose – an accounting and bookkeeping firm of self-proclaimed "small business superheroes" – Cristina Garza has always known that human capital is what pays dividends.
Qualify for a line up to $250,000
"When I started my business, the first thing I did was hire an employee, and I had to fund this all on my own," Cristina said. "It became stressful to find the right people, train them and feel pressured to immediately cover their payroll, plus see returns on that investment."
Worrying if she would be able to hire the people she needed when she needed them was keeping Cristina up at night. However, banks required many years of tax returns that her young venture couldn’t provide to get a small business loan.
"Traditional banks really wouldn’t listen to what I had to say since I didn't fit a traditional business mold. We had an upward trajectory, but looking at previous tax returns didn't provide an accurate picture of our potential."
When she needed a lender who would think outside the box, she turned to Kabbage. "Kabbage was really straightforward and open-minded in reviewing my business," she said. "They considered the future of my business rather than just looking at the past."
Having access to a line of credit from Kabbage helped free up working capital and empowered Cristina to be more proactive in her hiring.
"I was able to lean on Kabbage to hire four new employees and cover payroll. With more people, I could take on more clients, so I was able to see returns quickly."
"Without the security of my line of credit, we would have had to shut down our growth pipeline to manage our current workload, which would have stagnated our growth dramatically. Kabbage has been there treating me like a partner and believing in me every step of the way."
Unlike traditional lenders, we approve small business loans by looking at real-life data, not just a credit score. Link the services you use to run your business, and we'll automatically review your business health. Your funds will be in your account in anywhere from a few minutes to fewer than three days. No paperwork, faxing or waiting in line.
You pay nothing to establish your line of credit, and you're not obligated to take an online loan when you're approved. Pay fees only on the working capital you take.
Draw against your credit line and pay only for what you take. With credit lines up to $250,000, you can dip into your piggy bank anytime.
Kabbage provides you with ongoing access to your funds online and on the go through our mobile app, so you're always ready to take advantage of the next opportunity.
Kabbage is TRUSTe certified, and we have and A+ rating with the Better Business Bureau. We take your security very seriously and follow all regulatory practices to maintain the integrity of your information. Regardless of whether you're approved or take a business loan, you can apply with confidence that your information is safe.