Founders: Rob Frohwein (CEO), Kathryn Petralia, Marc GorlinLaunched: 2009Headquarters: AtlantaFunding: $489 millionValuation: $1.1 billion (PitchBook)Key technologies: Artificial intelligence, machine learningIndustry: Credit, financial services, lendingPrevious appearances on Disruptor 50 List: 2 (No. 14 in 2019) George Kavallines Among the biggest headaches any small business faces is cash flow. Kabbage, headquartered in Atlanta, is a data and technology company providing small businesses with
Small Business
As retail sales pick up again, National Retail Federation CEO Matthew Shay said he wants to make sure small and mid-sized stores and restaurants can make a comeback, too. “They get hit harder and they get hit first and so we need to bring them back quickly,” he said on CNBC’s “Squawk Box.” Retail sales
U.S. Treasury Secretary Mnuchin announces new sanctions on Iran in the Brady Press Briefing Room of the White House in Washington, January 10, 2020. Kevin Lamarque | Reuters Treasury Secretary Steven Mnuchin said Monday he will talk with the Senate and others on a “bipartisan basis” about striking a balance between protecting the privacy of
Jovita Carranza, Administrator of the U.S. Small Business Administration, testifies at the Senate Small Business and Entrepreneurship Hearings to examine implementation of Title I of the CARES Act on Capitol Hill in Washington, DC, June 10, 2020. Kevin Dietsch | Pool via Reuters The Small Business Administration is reopening its Economic Injury Disaster Loan and
Jamie Dimon, CEO, JP Morgan Chase, speaking at the Business Roundtable CEO Innovation Summit, December 6, 2018. Janhvi Bhojwani | CNBC House Democrats on Monday wrote to the chief executives of some of the country’s largest banks demanding they disclose documents pertaining to their handling of the federal government’s small business bailout loan program. In
Lisa Hess and her daughter Lucy enjoy a cup of coffee in San Luis Obispo, California. Shannon McMillen Photography Lisa Hess, owner of Lucy’s Coffee, has started the long climb to restoring her business in a post-coronavirus world. But her well of emergency funding is about to run dry. The crisis came at quite possibly
Willie the Wildcat fires up the fans in the first quarter of a Big 12 football game between the West Virginia Mountaineers and Kansas State Wildcats on November 16, 2019 at Bill Snyder Family Stadium in Manhattan, KS. Scott Winter | Icon Sportswire | Getty Images For Russ Loub and the Little Apple Brewing Co.,
There are around 3.5 million truck drivers in the United States. Their average salary is close to $60,000 a year. Training to get your Class A Commercial Driver’s License takes about seven weeks if you go fulltime. You will also need to be 21 if you plan to drive across state lines. Trucking comes in
At Chris Purcell’s Firehouse Subs location in Elizabeth City, North Carolina, things aren’t quite business as usual. After suffering sales drops of as much as 60% during the height of the coronavirus pandemic, customers are starting to return. Now it’s all about making them comfortable and keeping employees and patrons alike safe in his store,
An employee wearing a protective mask prepares cut flowers at a wholesale flower market in San Francisco, California, on Monday, May 18, 2020. David Paul Morris | Bloomberg via Getty Images The economy is uncertain for small businesses, yet many of them are still taking their time securing emergency funding through the Paycheck Protection Program.
Demonstrators march past the Lincoln Memorial during a protest against police brutality and racism takes place on June 6, 2020 in Washington, DC. Drew Angerer Companies have expressed support for the Black Lives Matter movement in recent weeks. But many advocates say now is the time for action — in the form of pay equity
LeoPatrizi The Paycheck Protection Program may have been an exercise in frustration for small-business owners, but here’s the silver lining: They might be better equipped to weather the next crisis. The federal government rolled out the so-called PPP in April as coronavirus and the ensuing stay-at-home orders took their toll on small businesses. The forgivable
Colorado residents are dining out in the patio area at Los Chingones restaurant in Denver Source: TAG Restaurant Group Chef Troy Guard is hoping to bring back all of the 623 employees he had to furlough across his restaurant chain when Colorado Gov. Jared Polis ordered all bars, restaurants, theaters, gymnasiums and casinos to close on March
President Donald Trump signed the Paycheck Protection Program Flexibility Act of 2020 into law on June 5. Mandel Ngan | AFP | Getty Images Small-business owners who borrowed from the Paycheck Protection Program are about to get a break on forgiveness. Last Friday, President Donald Trump signed the Paycheck Protection Program Flexibility Act into law.
“Shark Tank” investor Daymond John told CNBC on Friday that “the first step” for CEOs who want to address racial inequality in the U.S. is listening to their own employees. “Internally, have those tough questions being asked. Find out how your colleague or your staff feels that are of color and have the other individuals
US President Donald Trump shows his signature on the Paycheck Protection Program Flexibility Act of 2020 as he holds a press conference on the economy, in the Rose Garden of the White House in Washington, DC, on June 5, 2020. Mandel Ngan | AFP | Getty Images President Donald Trump signed a bill Friday to
Chairman Ron Johnson (R-WI) speaks at the start of a Senate Homeland Security Committee hearing on the government’s response to the novel coronavirus (COVID-19) outbreak on March 5, 2020 in Washington, DC. Samuel Corum | Getty Images Sen. Ron Johnson on Wednesday blocked a Democratic effort to unanimously approve a bill to give small businesses
Fraser Ross, owner of the popular Los Angeles boutique retailer Kitson, has boarded up his three stores. The once-thriving business is one of so many retailers experiencing the fallout from the riots and civil unrest that has ravaged the U.S. in recent days. On the heels of the coronavirus outbreak and widespread business closures, now many
In 14 days, the Small Business Administration processed 14 years’ worth of loans, in the first round of funding for the Paycheck Protection Program. The second round has been an entirely different story. After a rush to replenish the program with $310 billion in additional funding, the second funding round began April 27. More than a
June is LGBTQ+ Pride Month, and in the past 50 years, it has grown into a massive money-making machine with an estimated 1,500 Pride events globally. It’s become a month when big businesses can show their support for the community and their employees. It’s also an opportunity to win over the support of LGBTQ+ consumers
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