The coronavirus pandemic has affected all companies, however particularly small and medium enterprises. Kabbage’s enterprise has been impacted as properly, and in consequence, it reduce off credit score to a lot of its purchasers as their cash wants mounted. The corporate additionally furloughed lots of of staff because of the slowdown triggered by the pandemic. The Amex-Kabbage deal, due to this fact, got here at an fascinating time. On this, Anna Marrs mentioned, “We believe that, over the long term, providing small businesses what they need to help them manage their cash flow and payments will continue to be an important growth area.” By becoming a member of forces, Amex and Kabbage can hold offering credit score to small and medium companies, even amid the pandemic.