Description
Kabbage Reviews – Round Up:
Quick Stats:
About Kabbage
Kabbage helps small businesses get access to funding, with unsecured lines of credit available up to $250,000 – all with a 30-second zero-obligation application and with qualification in as little as 10 minutes.
Kabbage have already funded 200,000 businesses with over $7B. Users can decide how much they’re likely to need and withdraw funds as and when they require money – quickly and simply by using their computer, the Kabbage mobile app or swiping their Kabbage Card. To qualify businesses need only be one year or older and have revenues of at least $4,200/mo over the past three months.
From the Kabbage.com website:
Accessing small business funding shouldn’t be complicated or time-consuming, so Kabbage developed a simple way to get up to $250,000.
Kabbage small business loans have simple, monthly payments with no origination fees or prepayment penalties. You can review your payment schedule before taking a loan so there won’t be any surprises.
TAMC INC –
Rapid determination of my company situation and offered a good line of credit. very grateful for their help.
Craftsman –
we were damaged in 2008 after 15 years of running a successful real estate business and despite not going under our finances took a major hit and with that we went into a lot of debt. I was determined not to give up and spent every hour working and paying back what we owed but never seeming to get any meaningful traction. In 2018 I had to start looking for other options as this constant struggle was having a negative impact on my health. Many deals we found were not suitable and a lot of companies were suggesting I literally gave up and threw in the towel, filing for bankruptcy. Not so Kabbage and they offered us a mid 5-figure sum at what was a comparatively low interest rate even with their slightly high fees. I used this to settle our most expensive debts and invest in new equipment for the company. This has made our work much more productive and we have been able to keep more of our profits and reinvest. I only wish I’d discovered Kabbage sooner rather than later but am delighted we did. Their team seemed to bend over backwards to help and even told me we weren’t even close to being the worst case they’d secured financing for.
Doug –
Our furniture business was struggling after a mishap in Q4 2018 and Kabbage were able to help out and organize some emergency funding after our bank refused. The fees and costs seemed fair and to be honest we wouldn’t be in business any more had it not been for their service. Q4 2019 is going MUCH better…
isa –
I did not complete the process as I suddenly became aware I was giving a LOT of information and control of my business bank account to a company I knew very little about. I’m sure it’s a good service but my experience was it took a lot longer and involved a lot more hoops and loops than their website promises.