Kabbage today launched www.helpsmallbusiness.com to support small businesses financially impacted by COVID-19.
The initiative is a call-to-action across the U.S., enabling anyone to purchase an online gift certificate from participating small businesses to provide them with crucial financial support.
Certificates can be redeemed in full after they’re issued or in the future when the crisis has subsided.
All revenue generated from gift certificate sales will be deposited via Kabbage Payments as soon as the next business day to participating small businesses to aid their ability to withstand cash-flow gaps caused by COVID-19.
How to Sign Up
In minutes, U.S. small businesses can sign up for free on www.helpsmallbusiness.com to immediately seek financial support through gift certificate purchases from individuals throughout the U.S. Kabbage will also provide businesses a unique URL to easily share their personalized page with customers via text, email, web, social media or print.
Consumers can purchase multiple certificates for any amount between $15 and $500. Once certificates are purchased, small businesses will get an immediate notification and can use free technology offered by Kabbage to scan, verify, track, and fulfill gift certificates when redeemed.
“The impact of COVID-19 on small businesses requires the support of a nation. If there is a local small business that you love, they need your patronage now more than ever. Many businesses are closing and others are seeing reduced demand. The site is a means for the millions of small businesses that employ more than half of all employees in America to continue making sales and to feel your commitment to their long-term success.”
Kabbage co-founder and CEO Rob Frohwein
Kabbage Will Not Profit From Sales of Gift Certificates
Kabbage will not profit from its efforts to support small businesses during this challenging period, and it is actively working with organizations in the payments ecosystem to eliminate or significantly reduce any associated transaction fees.
Kabbage’s goal is to provide small businesses with a unique solution to generate revenue during this extraordinary time.
The site www.helpsmallbusiness.com will remain in operation until further notice.
What do you think about this innovative idea to help small business improve their cash flow?
Please use the comments section below or head over to our Facebook Group for Small Business Sellers and interact with other small business owners.