On Wednesday, March 18Kabbage Inc. Launchedwww.helpsmallbusiness.comTo support small businesses that have been financially affected by COVID-19. This initiative is a call to action across the U.S. that allows anyone to buy an online gift card from small businesses in order to provide critical financial support.
You can redeem certificates in full once they have been issued, or later when the crisis has passed. To help small businesses that are not affected by COVID-19, all revenue from gift certificate sales will go via Kabbage Payments. *
Sign up for free
Any small American business can sign up in minutes.www.helpsmallbusiness.comTo immediately request financial support via gift certificate purchases from individuals across the U.S. Kabbage provides businesses with a unique URL that allows them to share their personal page with customers via email, text, social media, or print.
Consumers have the option to purchase multiple certificates in any amount from $15 to $500. Small businesses will receive an immediate notification after they have purchased certificates. They can also use Kabbage’s free technology to scan, verify and track gift certificates that are redeemed.
Rob Frohwein, Kabbage CEO and co-founder, said that COVD-19’s impact on small businesses needs to be supported by a nation. Your support is crucial if you are passionate about a small local business. Many businesses are closing down, while others are experiencing reduced demand. This site allows millions of small businesses, which employ over half of America’s workforce, to make sales and feel your support for their long-term success.
Trying Times For All
Kabbage President Kathryn Petralia, co-founder, said, “We encourage everyone think beyond consumer goods, and consider all service providers like local handymen and lawn care providers; they all require our support.” Social distancing is causing many vacations, weddings, and birthdays to be postponed. Consider the small businesses that you might have approached to arrange these activities, and then purchase certificates to help plan for future dates.
Kabbage won’t make any profit by its support for small businesses in this difficult period. It is actively working with organizations within the payments ecosystem to reduce transaction fees or eliminate them altogether. Kabbage’s goal in this unique time is to help small businesses generate revenue. Sitewww.helpsmallbusiness.comUntil further notice, the website will be in effect.
Kabbage, Inc. is an Atlanta-based data and technology company that provides cash flow solutions for small businesses. Kabbage FundingTM provides quick access to flexible credit lines; Kabbage PaymentsTM allows small businesses to get paid faster and helps them access their money more quickly; and Kabbage InsightsTM calculates small business‘s cash flow.
Kabbage has helped more than 225,000 small businesses in the United States access over $9.5 billion in working capital. Kabbage is backed and funded by prominent investors such as the SoftBank Vision Fund and BlueRun Ventures. All Kabbage Funding U.S. loans, including custom loans are issued by Celtic Bank (a Utah-Chartered Industrial Bank Member FDIC) and subject to credit approval. Kabbage Payments, LLC, a subsidiary Kabbage, Inc., has been registered as a Payment Service Provider/Payment Facilitator by Fifth Third Bank, N.A., Cincinnati, OH. Visit www.kabagepayments.com for more information.www.kabbage.com.
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