Kabbage loans help music entrepreneurs bring on new staff to free up time and expand into new ventures
Like many small business owners, Annie and Curtis Kamiya were working seven days a week. Their music teaching and performing business, Curtis Kamiya Music, was growing, and they were looking for a loan to bring on additional staff so they could focus on launching a new online project.
Qualify for a line up to $250,000
"We knew we had something to offer, but we just needed a little breathing room to accomplish our goals," Annie said. "It was important for us to have extra working capital so we could make sure that bringing on new staff was the right move without immediately needing extra income to cover the expenses."
When Annie and Curtis were first searching for a small business loan, they looked exclusively at local banks. "We thought the banks that knew us would give us in-person attention and be willing to help us, but they felt we were too small a business for them to invest."
Just when Annie and Curtis thought their dreams of expansion were destined for the backburner, Annie ran across information about Kabbage on one of her favorite blogs.
"I wasn’t looking for funding online, but a fellow entrepreneur I really admire had great experiences working with Kabbage to get projects off the ground successfully."
Getting a line of credit through Kabbage was a pleasant surprise for the Kamiyas after being turned down by the banks that knew them. "I was blown away by how much our business was approved for," Annie said. "I kept logging out and logging back in, thinking the amount was a glitch."
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 as often as once a day 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.