Weekly show where my featured guests and I explore the financial and business challenges women face on the entrepreneurial journey to success. You'll hear them talk about the money side of their businesses in ways you've always wanted to know about, but wouldn't dare ask. They openly share their disappointments, failures, successes, and everything in-between as they grew sales ranging from 6 to 9 figures. Knowing where your business stands financially helps you make critical decisions with confidence. It's simply the best way to be sure you grow a business that fuels the life you want to live.
https://www.christinasjahli.com/
episode 56: Solving Business Cash Flow Challenges with Kabbage Funding™ - The Journey of Kathryn Petralia (Alternative Financing)
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.
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)
➤ When it’s appropriate to borrow for cash flow purpose (26:40)
➤ How Kabbage helps to reduce the financing gap between genders (31:05)
➤ Kathryn’s advice to women entrepreneurs (34:37)
Contact Me
Ready to transform your purpose to an impactful business financial story, profit, and joy? Schedule a chat with me at any time.
Connect with Kabbage and Kathryn:
➤ Website
➤ Facebook
➤ Twitter
➤ Linkedin - Kabbage, Inc.
➤ Linkedin - Kathryn Petralia