Small biz lender stops working with "assault weapon" retailers

Kabbage, an online lender to small businesses, said on Monday that it will stop funding for businesses that sell or manufacture assault-style rifles or ammunition. It also won't lend to businesses that sell any firearms to those under 21.

Why it matters: Kabbage is a significant capital source for small businesses, having lent more than $4 billion to over 130,000 customers, and is now the latest company to change policy in the wake of last month's massacre in Parkland, Florida.