How does Kabbage work with Pay Later program?
Pay Later is a new payment option for purchases on Alibaba.com. It offers access to lines of credit issued by third-party financial institution partners of Alibaba.com.Currently, your business can apply for a Kabbage line of credit of up to $150,000 under the Pay Later program to pay for purchases on Alibaba.com. Every draw on the line is a 6-month installment loan issued by Celtic Bank, a Utah-chartered Industrial Bank, Member FDIC. Draw requests will be denied if a business attempts to draw more than the existing line of credit.
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