New Media Investment Group announced Tuesday it has entered into an agreement with Kabbage to provide a larger platform for small and medium-sized businesses to have access to working capital.

Kabbage, a financial services, technology and data firm, has a fully automated online lending platform serving more than 5 million businesses that already do business in New Media's markets. New Media — the parent company for GateHouse Media, which owns the Herald-Journal — is one of the largest publishers of locally based print and online media in the United States.

"New Media is committed to helping make its communities stronger, and one of the best ways to do that, in addition to strong local journalism, is through supporting small businesses," New Media President and CEO Michael E. Reed said in a statement. "Through our work at UpCurve, we know that access to capital is a common pain point among our (small and medium-sized business) partners. Kabbage has created a simple and seamless process for business owners to solve for that need, and we hope to connect (small and medium-sized businesses) in our markets to Kabbage through our alliance."

The new agreement provides New Media with an opportunity to share in the revenue growth Kabbage might experience as it increases its 130,000 customer-base in new markets.

Customers use Kabbage to build and grow their businesses by supporting cash flow needs and marketing, purchasing equipment and inventory, making long-term investments, and hiring.