How Chase Ink Helped One Company Not Only Survive — But Thrive in an Uncertain Market

brandvergeheadshot

BrandVerge founders Mollie Kehoe and Lynn Browne figured out how to grow their business by using cash back rewards and ultimately turn a profit even amid a volatile economy during an unprecedented time. From its creation in 2017, the tech-enabled marketing and advertising agency used its banking relationship with Chase to build a supportive foundation for its business, which allowed them to be successful when navigating industry and economic uncertainty. 

Starting a business from the ground up always has its challenges. However, for new business owners trying to get their footing and stay afloat, the COVID-19 pandemic brought forth a whole new set of hurdles. 

“During the height of the pandemic, our clients didn’t know whether to spend or pull back, so much of our business was paused,” she said. “In order to keep our staff employed, the government’s Paycheck Protection Program was critical for our business, as the future seemed so uncertain.”

Mollie says signing up for the federal program was complicated but calling on their long-term banker made the application, approval and forgiveness process easier with the use of a simple online portal. 

As a result, BrandVerge didn’t just make it through the pandemic — it thrived. 

The agency received the necessary funding it needed to its keep doors open, and by using their cash back rewards they were able to cut costs and automate  workflow by signing up for the subscriptions they rely on to operate like Microsoft, Chargebee, Stream, Intercom, Wix and more. By spending wisely over the next year, BrandVerge was able to continue its average 156% growth trend that began in 2018.

The most amazing part of their success story was they were able to become profitable in 2021 despite the challenges and uncertainty. 

“Chase has been a great resource for us throughout our time as founders,” Mollie said. “They enabled us to get our business off the ground confidently and have provided the expertise and technology to feel secure in our finances and banking solutions. We have personal banking experience through Chase as well, so having a seamless experience across all our banking needs has made keeping track of finances easy.” 

Regardless of timing, building a business will always come with some nuanced challenges – like handling business finances. 

“Having access to a line of credit from Chase Ink has been essential for BrandVerge as we’ve used the cash back rewards for things like business travel, which was needed to help our business grow and become profitable,” she said.

Their biggest advice for new entrepreneurs is to surround themselves with smart and trustworthy people who can support them in those early stages.

“When starting a business, it’s extremely easy to get lost in and throw 100% of yourself into work and growing your company. You often lose sight of everything else in your life and eventually burnout – which is not productive for the company or your mental health,” Mollie said. “To adapt we’ve surrounded ourselves with people who excel in areas we don’t and with people whom we learn from every single day. This continues to make us better leaders.”

Boost your business with a card designed specifically for entrepreneurs and their unique needs. Click here to sign up for your own Chase Ink Business credit card to support your business goals and growth.

Learn more insider tips, forge incredible business-making connections and gain a community of influential women entrepreneurs just like yourself by joining the Entreprenista League today.

Share it!

Posted in
Tags

Leave a Comment





Jennifer Jank on Helping Entrepreneurs Reclaim Their Time and Energy

Hi, Jennifer! Please share a brief introduction about yourself and your business: Jennifer Jank (JJ) is a productivity consultant helping business owners make more profit in less time and with better systems. Her goal is to help entrepreneurs, especially women, reclaim their time, energy, and attention away from busyness and towards joy… without sacrificing profits.…

How to Make an Impact as a Podcast Guest with Patrice Poltzer

“We’re being bombarded all day with so much content and noise. “Please, please. I need your attention here, here, here.” You really have to learn to think about who’s listening. Really ask yourself, what is the takeaway for the person listening? Why does that matter? And if you can’t think of that, then you don’t…

Andrea TheoJohn Helps Clients Grow and Market Their Brands

Hi, Andrea! Please share a brief introduction about yourself and your business: Andrea TheoJohn, MBA is a marketing and branding professional with over 15 years of global and corporate experience. She’s managed over 70 brand professionals in 17 different countries, handled the branding and communications efforts for 160M Euro M&A ventures and now brings that…

How Laurel Mintz Is Empowering Diverse Leaders in Venture Capital

“We transitioned almost everyone out of the company and really flipped the entire company around. It was one of the most painful few months of my entire career, but also one of the most impactful. And if we had not done that, we probably wouldn’t still be standing today.” In this episode of Entreprenista, we…

Valeria Lasak’s Marketing Agency Focuses on Fashion, Beauty, and Personal Brands

Hi, Valeria! Please share a brief introduction about yourself and your business: Hi, I’m Valeria. Cofounder of MKT Besties and Nomad, a marketing agency focused on fashion, beauty, and personal brands, I’m also a community leader with the New Miami Girls community and host the street podcast ‘Who Is She Miami.’ This project is especially…

Leigh Burgess on Her Passion for Consulting, Coaching, and Curated Events

Hi, Leigh! Please share a brief introduction about yourself and your business: Leigh is a CEO & Founder and driven entrepreneur who is passionate about helping organizations and individuals achieve their fullest potential faster. By continuously stepping out of her comfort zone and pushing boundaries, Leigh has not only grown her own company into a…

How to Avoid Legal Challenges with Lauren Bercuson from Storylock Legal

“In the beginning, if you don’t have a team or a system or community around you, it’s very easy to feel lost. There are these amazing communities out there for amazing female founders that will really help guide and support you. So, the greatest lesson I learned pretty quickly was that you’re never alone. Or,…

The Secrets to Building a Community Led Business with Ingrid Read

“You really have to understand that, in order for you to scale, you have to learn how to do certain things and master them before you move on. If you don’t do that, then your audience is going to feel just as lost as you feel.” In this episode of Entreprenista, we sat down with…

Krystal Childrey’s Journey to Founding a Boutique Ad Agency

Hi, Krystal! Please share a brief introduction about yourself and your business: Krystal Childrey is the founder of Soulwave Digital, a boutique advertising agency helping purpose-driven eCommerce brands scale profitably with Facebook and Instagram ads. Her agency takes a holistic approach to advertising and loves helping brands better understand their numbers, making sure that our…

Veteran Marketing Exec Mindy Anderson Brings Brands’ Stories to Life

Hi, Mindy! Please share a brief introduction about yourself and your business: Mindy Anderson is a veteran marketing executive, growth strategist, fractional chief marketing officer, and Founder of I Breathe Marketing. She has a proven record of building stronger brands, driving client engagement, and attracting more leads while maximizing return on marketing spend. Who are…

Tye Barrett Inspires People to Love Themselves Through Her Luxury Collection

Hi, Tye! Please share a brief introduction about yourself and your business: Amami was created by entrepreneur Tye Barrett, an African-American woman, who set out to inspire people to embrace their authentic selves and create a community rooted in selfacceptance. Like most powerful stories, hers starts with a personal journey of perseverance. As a single…

The Most Common Mistakes When Starting a Business—and How to Avoid Them

When you’re first starting a business, there’s so much you don’t know you don’t know—like how to price your offerings, market your business, or hire people to support you. Every entrepreneur learns along the way, so why not save yourself some time and money (and potentially even business heartbreak) by learning from the candid stories…

How Leyla Bilali is Building a Holistic Fertility Brand

“One big thing that sets us apart from other people in [the fertility] space is that we are a team of medical professionals and it’s all within our scope of practice to guide you through these things.” After a decade at one of New York City’s top fertility clinics, Leyla Bilali was approached by one…

How To Build a Sellable Business with Carrie Kerpen from The Whisper Group

In this episode of Entreprenista, we sat down with Carrie Kerpen, founder of The Whisper Group, an exit readiness practice for women-owned businesses. Carrie previously co-founded Likeable Media, one of the first social media agencies, which she successfully sold for eight figures in 2021. Carrie is an accomplished author and hosts “The Exit Whisperer” podcast,…

Multifaceted Entrepreneur Katie Villacres on Her Live Event Production Business

Hi, Katie! Please share a brief introduction about yourself and your business: Hello, my name is Katie Villacres. I am a multifaceted entrepreneur with a diverse skill set and a passion for creative endeavors. Alongside being a dedicated mom who loves fitness, I have successfully owned multiple businesses. Currently, I am embracing my creative side…