the ins and outs of online lending
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The Ins and Outs of Online Lending Kathryn Petralia Co-founder - PowerPoint PPT Presentation

The Ins and Outs of Online Lending Kathryn Petralia Co-founder & COO, Kabbage Inc. 1 as a percentage of originations | 2 excludes sales & marketing expense 1 Meet Our Speaker Kathryn Petralia Co-Founder & COO, Kabbage


  1. The Ins and Outs of Online Lending Kathryn Petralia Co-founder & COO, Kabbage Inc. 1 – as a percentage of originations | 2 – excludes sales & marketing expense 1

  2. Meet Our Speaker Kathryn Petralia Co-Founder & COO, Kabbage Inc. • Co-founded Kabbage Inc in 2009 • Spent 20 years of work focused on credit, payments and ecommerce • Kathryn’s favorite small business is Dude Wipes, a company that took a simple product and, through clever marketing, made being clean cool. 2

  3. The status of lending today 3

  4. Current lending process Long, cumbersome process Paperwork-intensive Requires collateral Overemphasizes FICO score Manual Process Legacy Technology Traditional lenders need technology to leverage readily available data, interpret it instantly and gain a full understanding of each customer. 5

  5. 40% 43% of all small business won’t get the funds owners seek funding they need annually Despite technological advancements in nearly every industry, there’s a gap in lending. 6

  6. Small Business Lending Opportunity 75% 50+% 28 MM $585B Of all new Of Private In the U.S. Total Outstanding Jobs in the U.S. Nonfarm GDP Debt “This loan process “I need money to “I need is painful .” buy inventory?” money to hire help?” • Micro loans (≤ $100K) to SMBs have fallen every year for the last five years • SMB loans represent only 1.21% of all business loans and are shrinking • The largest banks (≥ $50B in assets) have shrunk their SMB lending ( +17%) • CRA institutions reported the number of micro business loans fell by 2M Y/Y in 2010 from 2008 -11 • 43% won’t get the funds they need • 40% of all SMBs are annually seeking funding 8

  7. Our Concept: Connect the Data Dots Payments Mitigate Risk Rate Changes Adjust Lines Marketing Collections 9

  8. The right option for your business? Of course, it depends. 11

  9. Innovative Lending Platform Association Purpose • To create clarity around online lending practices and to make pricing more understandable. SMART Box • SMART stands for Straightforward Metrics Around Rate and Total cost . • SMART Box provides a chart of standardized pricing comparison tools and explanations. 124

  10. + To learn more about NFIB’s newest member benefit from Kabbage, visit http://www.nfib.com/kabbage 134

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