Solving Business Cash Flow Challenges with Kabbage Funding™ - The Journey of Kathryn Petralia

Her CEO Journey™: The Business Finance Podcast for Mission-Driven Women Entrepreneurs

English - April 02, 2020 04:00 - 40 minutes - 27.9 MB - ★★★★★ - 3 ratings
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Previous Episode: How to Stress-Test the Financial Health of Your Business

Next Episode: Financing Your Small Business with Purpose - The Journey of Jill Earthy

Kathryn Petralia is the President and Co-Founder of Kabbage, leading global financial services, cash-flow technology and data platform for small businesses. Before co-founding Kabbage, Kathryn spent nearly 15 years working with large and small companies focused on credit, payments, and e-commerce. After graduating from Furman University with an English degree, Kathryn pursued her interest in technology to launch a number of successful startups. Kathryn was named to Forbes’ 2017 list of the World’s Most Powerful Women.

Thank you for participating in Her CEO Journey contest over the last 3 months. The most inspirational Her CEO Journey episode is “Behind the Scene of Building 7 Figures Podcast Booking Agency - The Journey of Jessica Rhodes”

Don’t forget to listen to last week’s solo episodes where I shared a tool to stress-test the financial health of your business and episode 28 “How to Survive Recession with Financial Confidence - The Journey of LuAnn Nigara”.

These episodes can help you navigate the uncertain business environment that we are currently experiencing together.

I would love to hear from you and let me know what financial questions you need help with. Submit your question here or email me at [email protected] and I will answer your question in a bonus episode.

You can download the template to stress-test the financial health of your business here.

In this episode, Kathryn shared:

➤ How Kabbage was born (5:53)

➤ How Kabbage simple loan application process works (7:58)

➤ How Kabbage’s financing solution is different than traditional banking (8:40)

➤ A financing solution that changes following a business revenue level (9:43)

➤ The type of industry Kabbage serves (10:14)

➤ The information borrowers must provide to Kabbage for the online application (11:39)

➤ How the maximum limit of a loan is determined (13:49)

➤ How Kabbage monitors borrower’s ability to repay the loan (15:52)

➤ How borrowing cost (i.e. interest) is calculated (17:33)

➤ Other products that Kabbage offers to the market (19:29)

➤ Common cash flow gap for small business owners (24:44)