Monday 2nd of October 2017 03:51:54 AM
As a small business I get pitched by finance offers dozens of times a week. While they promise a simple straight forward one page application with a quick response, they never are and generally a horrendous waste of time. When I got the Kabbage application in the mail I did not throw it out as I do most others, but simply set it aside, for some reason. A week or more later I ran across it, and having a few minutes on hand after work on a Saturday, I decide to go on line and answer their few questions. At first I was put off by their request for my bank log in information, but then I decided to go along with it as I could always change it immediately. Long story short, I had a response back from Kabbage in probably 5 minutes or less. And to my utter astonishment it was an approval of a 10+ K loan to be paid over a 12 month term. This happened on a Saturday late afternoon and the money was in my account on Tuesday morning. Of all the financing deals I have done over decades in business, I have never seen anything like this. Totally, completely, unbelievable.