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Lender Kabbage Will Stop Loans to Assault-Style Weapons Makers

  • CEO urges others to take action after Parkland shooting
  • Major retailers have separated from gun lobbyists, businesses
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Guns in America

Small business lender Kabbage Inc., following companies that have divorced their businesses from gun lobbyists and assault-style weapons in the aftermath of the Parkland, Florida, school shooting, said it will not fund any company it classifies as selling firearms or ammunition to those under 21 or that sell or manufacture assault-style weapons.

“It’s important for us to have perspective on these issues,” co-founder and Chief Executive Officer Rob Frohwein said in an interview. “My brother-in-law, one of his best friends had a daughter at Sandy Hook who died in that tragedy, and that has always stuck with me.”