Kabbage is collaborating with Facebook to help local small businesses generate more revenue during the COVID-19 crisis by connecting them with local customers.
With technology from Kabbage and the accessibility of Facebook, the integration gives small businesses the means to offer online gift certificates to local consumers who are seeking to support their communities through the Facebook app.
Small businesses can sign up on www.helpsmallbusiness.com to sell online gift certificates through Kabbage Payments and choose to list them on Facebook automatically. They can discover more ways to support their business through Facebook’s Business Resource Hub
Facebook will surface gift-certificate offers from participating local businesses to people on the Facebook mobile app.
People can then purchase gift certificates from Kabbage’s site, www.helpsmallbusiness.com, and may redeem products or services today or later when it’s best for the business.
All sales generated from gift certificate sales provided by Kabbage are deposited the next business day.*
“Now with the powerful reach of Facebook, small business owners have greater opportunity to share gift certificate offers to the communities that rely upon them. Small businesses are the most impacted in this crisis and this is one way Kabbage is applying its technology and resources to save them.”
Kabbage CEO Rob Frohwein
Kabbage Pauses Regular Lending
Kabbage also announced it had officially paused Kabbage lending on Sunday, March 29, as the company needed time to restructure its systems and teams to prepare to deliver billions of dollars of aid through the Paycheck Protection Program.
The company said it is always on the side of small businesses and believes strongly that these funds are absolutely the best financial product for them right now.
As a result, Kabbage made the logical, responsible and ethical choice to convert all of its efforts to aid the Small Business Administration in this enormous task.
*Transactions that are processed by 5 p.m. ET will be deposited in the merchant’s bank account the following banking day. Any transactions that are processed after 5 p.m. ET will be deposited in the merchant’s bank account within two banking days. Settlement to bank accounts may be delayed if transactions are flagged for review.
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