INspired INsider with Dr. Jeremy Weisz

Rob Frohwein co-founded Kabbage with the help of Kathryn Petralia and Marc Gorlin. The Kabbage platform has funded more than $2.7 billion in loans.

They provide an advanced lending online platform to help small businesses borrow the funds they need.

Kabbage has raised $236 million in equity since their formation. They have over 300 employees and 5 offices across the US and internationally.

Here’s a glimpse of what you’ll learn:

  • [1:10] Jeremy introduces his guest, Rob Frohwein.
  • [2:00] Most commonly asked questions Rob and his team at Kabbage get.
  • [4:00] Dealing with companies that defaulted on their loans.
  • [8:30] Rob talks about the four categories of expenses they have at Kabbage.
  • [11:30] What is the cost to acquire customers? Is the juice worth the squeeze?
  • [14:00] How Rob and his team decided to get a spokesperson.
  • [17:00] Rob’s favorite success story from his work with Kabbage.
  • [22:30] What is Kabbage Kares?

In this episode…

What does small business funding look like? What lenders or individuals take the risk to fund startups and small businesses? On this episode of Inspired Insider, you’ll hear from business leader and entrepreneur Rob Frohwein. Rob and his team at Kabbage specialize in small business funding. They want to help small business leaders who need an infusion of funds to help them reach that next level of success. Rob opens up about the highs and lows of lending funds to small businesses, the four categories of expenses at Kabbage, the process of bringing on a spokesperson, and much more! You don’t want to miss this fascinating episode.

A common misconception about individuals and business who borrow money and fail to make repayments is that they are malicious. Does that seem right to you? On this episode of Inspired Insider, you’ll hear Rob Frohwein explain why borrowing funds and defaulting on the loan is not always a clear cut issue. Often businesses borrow funds with all the right intentions and with the best plan in place to succeed and still fail. It’s refreshing to hear from a lender like Rob who understands the complexity of the marketplace and how people work. Don’t miss this episode to hear more!

Does your business or brand need a spokesperson? How does a company even start the process of identifying, vetting, and bringing on board a competent and worthwhile spokesperson? On this episode of Inspired Insider, Rob Frohwein shares how Kabbage was able to bring in one of the TOP names in the startup and small business world, Lori Greiner as their spokesperson. Find out how Rob and his team decided to approach Lori, how they were able to hammer out an agreement, and why this has been such a successful step for Kabbage. To hear this story and more, make sure to listen to this episode!

Is the juice worth the squeeze? Are you getting the most out of your efforts to acquire new customers and clients? How do you make this evaluation? On this episode of Inspired Insider, you’ll hear from Rob Frohwein as he discusses his company, Kabbage and how they make sure they maximize their efforts with reaching new clients. Cost effective client acquisition is important to Rob and his team because it shows that a business understands how to use their resources wisely. This is especially vital for a startup because the cost to acquire a customer at the beginning is very different from the cost later on once the company is up and running. To hear more on this subject - don’t miss this episode!

Resources Mentioned on this episode

Sponsor for this episode

This is part of the Prosper Show Ecommerce Mastery Series where top Sellers and Experts teach you what really works to boost your ecommerce business. They have an amazing conference with some of the top Amazon sellers and industry leaders.


Rise25 is where entrepreneurs of 6,7, and 8 figure businesses come together live and in person every few months to solve their biggest business challenges through this high-level Mastermind group. Each member leaves each week with lifelong friendships and actionable steps to take their business to the next level. Check out Rise25.com - a group run by myself and cofounder John Corcoran. Rise 25 is application only.

 

Direct download: robfrohweinshort.mp3
Category:general -- posted at: 5:00am CDT