UPS Capital Partners with Kabbage to Offer Loans to Small Businesses

Discussion in 'UPS Pressroom News' started by ROBO MOD, Jun 16, 2015.


    ROBO MOD I'm a Robot Staff Member

    UPS Capital®, a subsidiary of UPS® (NYSE:UPS) that provides supply chain financial, insurance and payment services, announced today a partnership with Kabbage®, a leading technology and data platform that powers automated small business lending. UPS Capital can now offer its small business customers seamless, real-time access to capital via Kabbage, to deliver the borrowing power they need to grow their businesses. The Kabbage technology platform continuously monitors the health and seasonality patterns of its customers to automatically deliver the right level of funding to each customer at the right time.

    “Small businesses are essential to America’s economy, as they are responsible for two out of every three new jobs in the United States,” said Ronald Chang, president of UPS Capital. “Since the recession, small businesses have had a difficult time accessing the capital they need to manage cash flow, hire new employees or purchase new inventory and equipment. By partnering with Kabbage, UPS Capital can now help more small businesses grow and achieve their potential.”

    “UPS has been an important investor and partner for Kabbage since we launched four years ago,” said Rob Frohwein, Kabbage co-founder and CEO. “We are thrilled to expand this relationship today to be able to seamlessly deliver capital to millions of UPS small business customers.”