Kabbage

Overview

Kabbage is the fastest way to get access to funding for your business. Through a fully automated, online platform, businesses can link their latest business data, allowing us to review the overall health of their business – not just a credit score – to approve and provide loans of up to $150,000 in minutes. No paperwork, faxing or waiting in line.

Kabbage provides flexible, ongoing access to your credit line, 24/7. You can use your mobile device to pay for funds on the go or keep our Kabbage Loan Card in your wallet to pay for anything you need at the point of purchase. There is no cost to set up your line of credit, and you’ll only pay fees on the money you take. When opportunities arise, have the flexibility and security to use whatever you need to grow your business.

We are A+ rated by the Better Business Bureau and have been named one of Forbes magazine’s “Most Promising Companies” twice in a row. We take your security very seriously and follow all regulatory practices to maintain the integrity of your information. Our experienced, in-house customer service team is here with the information you need to grow your business.

Loan Features

At Kabbage, we provide small business funding that is designed to help you grow your business on your terms. Having access to small business financing can give you the freedom to focus on other aspects of running your business.

The benefits of a small business loan
If you need to raise capital, there are a variety of options, including borrowing money from friends, taking out a personal loan, working with an equity partner or taking out a small business loan.

1. Maintain Control
If you work with an equity partner (or co-owner), you may give up some control of your business and will likely forfeit some of the business profits or gains made if you ever sell the business. With a small business loan, you maintain full control of your business and any potential profits.

2. Avoid Conflicts
Borrowing from friends and family can be fraught with challenges. The family member may view themselves as a part-owner with the power to call the shots and make decisions. It can be awkward to mix familial and business relationships. Taking out a loan from an independent organization such as Kabbage helps avoid these issues.

3. Protect your Business
Business owners sometimes take out personal loans to fund their business. Mixing personal finances and credit with business can cause complications down the line.

Application Process

To qualify with Kabbage, you should be in business for at least one year and have a minimum of $50,000 in annual revenue or $4,200 per month over the last three months.
› Applying is Free
› No Obligation to Take Funds

How to apply for a Kabbage line of credit
1. Create a login and provide basic business information
Enter your email address and password so you can return to Kabbage anytime. Then enter your business name, type and industry to help us understand your business.

2. Securely link your business accounts
With secure, ongoing access to your accounts, we can review your revenue in a fraction of the time it takes traditional lenders and can provide the right amount of funding at the right time based on your latest business performance.

3. Get a decision right away
We’ll assess your business performance to let you know how much funding you can access. We analyze a variety of financial performance indicators like revenue consistency, cash flow and the business owner’s consumer credit, so one factor won’t necessarily keep you from qualifying.

Repayment Terms

Kabbage loans have a monthly fee for every month you have a balance. Every month you’ll pay back 1/6 of the total loan (for 6 month loans) or 1/12 of the loan amount (for 12 month loans) plus the monthly fee.

What Fee Rate should I expect?
Kabbage offers the flexibility of 6- or 12-month loan terms so you can choose what’s best for your business. Fee Rates range from 1.5% to 10% based on a number of business performance factors. Apply to find out what your Fee Rate could be. There are no prepayment penalties, so you can pay your loan off early and save on monthly fees.

Customer Support

+1 (888) 986-8263

925B Peachtree Street NE
Suite 1688

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