PROVIDENCE, R.I. (PRWEB)
July 01, 2020

Gilbane Building Company is pleased to announce that Aaron Bishop has joined the Rhode Island business unit as a business development manager.

Aaron brings over seven years of industry experience and engagement within Rhode Island, most recently serving as a commercial real estate broker and corporate advisor for CRESA in Providence. In his new role, Aaron will work to strategically enhance Gilbane’s presence within all major markets by expanding upon existing relationships, as well lead business development strategies throughout the state, including advocating for K-12 school districts to develop state-of-the-art education construction programs for the future.

Aaron is actively involved in economic development and community initiatives that include memberships to the Greater Providence Chamber of Commerce and RI Executive Roundtable. As a lifelong Rhode Islander and father of two, he remains committed to his community as a coach of youth athletics and actively volunteers his time to numerous charitable organizations throughout that state, including the Cystic Fibrosis Foundation.

Aaron holds a bachelor’s degree in wildlife and conservation biology from the University of Rhode Island.

“We are very excited to have Aaron join our team,” said Senior Vice President and Division Leader Steve Duvel. “His reputation, knowledge, and relationships from his years in the industry and community will be a tremendous asset to our efforts as we continue to work to develop Gilbane’s business strategy and our people.”

About Gilbane Building Company

Gilbane provides a full slate of construction and facilities-related services – from pre-construction planning and integrated consulting capabilities to comprehensive construction management, close-out and facility management services – for clients across various markets. Founded in 1870 and still a privately held, family-owned company, Gilbane has more than 50 office locations around the world.

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It’s been an absolute honor and an undeniably historic feat for a company of our size to help this many small businesses—most of whom were unable to apply elsewhere–in such a short period of time…

ATLANTA (PRWEB)
July 01, 2020

Kabbage, Inc., a data and technology company providing small business cash-flow solutions, approved a landmark number of applications in the Paycheck Protection Program (PPP), demonstrating the true power, scale and reach of its technology platform. Over the three-month period of the program, Kabbage approved over 209,000 small businesses for $5.8 billion, making it the third-largest PPP lender in the country by application volume. The result is the single-largest PPP lending accomplishment by a FinTech company, outperforming some of America’s largest banks to ensure the country’s smallest businesses received relief.

“It’s been an absolute honor and an undeniably historic feat for a company of our size to help this many small businesses—most of whom were unable to apply elsewhere—in such a short period of time,” said Kabbage CEO Rob Frohwein. “The PPP validated the criticality of FinTech. Most of the small businesses we reached would have been ignored had this crisis taken place just 10 years ago. These businesses can only be served in mass by an automated platform that places need in front of privilege and levels the playing field that has too long been unequal in our financial system. Millions of small businesses will now turn to FinTech solutions before traditional banks when seeking even the most basic financial services.”

Prior to the PPP, Kabbage had never processed a loan for the SBA. In less than two weeks, Kabbage entirely restructured its lending platform and developed new automated systems to ingest, analyze, verify, and approve PPP applications. Its long-term investments in technology and data analysis were the differentiation that allowed it to become a top-three lender in the largest program in the Administration’s history. Kabbage accepted applications from any business of eligible size, industry, and structure, and reached companies in all corners of the nation, which was critical to successfully fulfilling Congress’s intent of making relief funding available to those who need it most.

To date, Kabbage has provided over $1.9 billion to businesses in low and moderate-income (LMI) areas, representing 255,000 jobs restored in traditionally underserved communities. In total, Kabbage helped maintain an estimated 782,000 jobs for small businesses.

Kabbage’s results in the program include:

●    97% of all SBA-approved applicants were new customers to Kabbage.

●    93% of all applicants had 10 or fewer employees; 62% had one employee, and 58% were self-employed.

●    Kabbage’s total average loan size was $28,100 and 50% of all loans were under $13,500.

●    Over 75% of all applications were processed without human intervention or manual review.

●    The median time from applying to approval was 4 hours.

●    Kabbage served businesses in over 1,000 different industries.

●    $150 million was delivered to America’s farmers, restoring an estimated 27,000 jobs.

●    Kabbage processed PPP loan applications on behalf of 135 community banks, 80% of which served small businesses in non-urban regions.

In the last week of the program, Kabbage saw a surge of demand, approving over 46,000 applications for $1.1 billion. There continues to be an appetite to apply among small businesses as more than 25 million have yet to receive funding. Kabbage will continue processing PPP applications if Congress approves the 5-week extension.

Kabbage issued PPP loans as an SBA-authorized lender and in partnership with Customers Bancorp (Pa.) and Cross River Bank (N.J.) to serve small businesses in all 50 U.S. states and territories. Of the loans processed, 55 percent were directly funded through Kabbage, with 23 percent funded through Customers Bancorp, and 22 percent funded through Cross River Bank. A complete report of Kabbage’s PPP results is available here.

About Kabbage

Kabbage, Inc., headquartered in Atlanta, is a data and technology company providing

small business cash flow solutions. Its suite of products includes Kabbage PaymentsTM, helping small businesses get paid and access the money they earn faster; and Kabbage InsightsTM, calculating small businesses’ real-time cash flow. In response to COVID-19, the company launched http://www.helpsmallbusiness.com to help small businesses generate more revenue by selling online gift certificates. Kabbage is funded and backed by leading investors, including the SoftBank Vision Fund, BlueRun Ventures, Mohr Davidow Ventures, and others. Kabbage Payments, LLC, a subsidiary of Kabbage, Inc., is a registered Payment Service Provider/Payment Facilitator sponsored by Fifth ThirdBank, N.A., Cincinnati, OH. For more information, please visit http://www.kabbage.com.

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Beverly Jennings, Founder & CEO, SEE Company

SEE Company enables diversity-forward and inclusion-focused enterprises to achieve significant growth. Our vision is to ‘see everyone elevate.’

JACKSONVILLE, Fla. (PRWEB)
July 01, 2020

Beverly Jennings, former Head of Global Supplier Diversity & Inclusion at Johnson & Johnson, has launched SEE Company to enable diversity-forward and inclusion-focused enterprises to achieve significant growth.

As Founder and CEO, Jennings brings her C-level business knowledge, values-driven leadership and supplier diversity expertise to corporations and business owners, preparing them to succeed in an ever-changing environment.

With her signature approach and energy, Jennings is leading SEE Company with her vision to “see everyone elevate.” As a trusted advisor and certified business coach, she offers strategies and guidance for executives to deliver measurable success. Her three decades of experience span customer service, process excellence, end-to-end supply chain management and business development.

Jennings also extends her knowledge to Boards of growth-oriented organizations. She is Vice Chair and Executive Committee member of the Billion Dollar Roundtable (BDR), a non-profit of companies spending $1 billion or more annually with diverse suppliers, which J&J joined as the first healthcare company. She co-chairs the BDR Global Committee and leads the BDR Triad, which connects corporations, diverse businesses and investors for growth.

She is a member of the Board of Directors for Turtle & Hughes, one of the largest independent electrical and industrial distributors in the nation, and serves on the Board of Rose International, one of the leading minority- and woman-owned providers of workforce and technology solutions.

Her previous role at J&J was Vice President, Worldwide Process Excellence, Consumer Group. Earlier, she was Director of Manufacturing at Vistakon, now Johnson & Johnson Vision Care, with responsibility for 1,200 employees. Prior to that she served in a variety of Director positions including Quality, Customer Service and Distribution. For eight years, she co-chaired the African American Leadership Council National Employee Resource Group with 35 chapters and 1,500 members. In addition to healthcare, Jennings’ management experience encompasses the retail and food industries.

Jennings previously served as a board member to the Healthcare Supplier Diversity Alliance, the Women Presidents’ Education Organization (WPEO), Women’s Business Enterprise National Council (WBENC), Community First Credit Union and the Girl Scouts of Gateway Council.

She has been recognized as a champion, sponsor, mentor and advocate for business and community. These include J&J’s Top 25 People of the Year, the Diverse Manufacturing Supply Chain Alliance (DMSCA) Legacy Award, the WBE Hall of Fame and a Top 25 Leading Women Entrepreneur (LWE) in New Jersey. She also received the WBENC Applause Award, the United Negro College Fund (UNCF) Masked Award, and was a Gateway Girl Scouts Woman of Distinction.

Jennings holds an MBA in Industrial Management from the University of Dallas; she is a Certified Master Business Coach from Fowler School of Business, and she earned a BS degree in Management from the University of West Florida.

For more information, visit http://seecompany.co

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