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Small business lender will stop loans for AR makers
Atlanta-based lending service will not fund businesses that manufacture “assault style” firearms or ones that sell guns and ammo to buyers under 21.
With Monday’s statement, Kabbage Inc joined a growing list of financial companies to take a stand following the school shooting in Parkland, Florida, that left 17 people dead and 15 injured.
“The technology community must work to prevent these horrifying and heartbreaking events from robbing our children of their futures,” the company said, adding the company will donate up to $350,000 to victims and to gun violence prevention charities.