Wednesday, September 11, 2019

Kabbage Customers Are Optimistic About Economy, At Least for Borrowing Money

As the trade war between the US and China causes global markets to gyrate, investor confidence has become a bit wobbly.
But not everyone is losing their nerve. Rob Frohwein, co-founder and CEO of small-business lending platform Kabbage, says his company’s customers are optimistic [at least for borrowing money]. The Atlanta-based company originated $670 million in loans during the second quarter, a 45% jump from a year earlier.
When companies use the right online technology, borrowing can be handled much more quickly.

Read more about how small business owners are fearless about the US recession, at least according to one online lender.

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