Best Reviews TopConsumerReviews.com Best Business Loans Best Reviews
Best Reviews
      January 27, 2020

Home  >  Business Loans  >  Kabbage vs Advanced Commercial Capital

Best

Business Loans

  1. Funding Circle
  2. LendingClub
  3. LendingTree
  4. Kabbage
  5. Balboa Capital
  6. Nat Business Capital
  7. CAN Capital
  8. Advanced Comm Capital
  9. Capital Loan Hub

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!
  • Compare

Your Information Is Secure
Personal Loan Tips Newsletter

Latest Reviews

Cheesecake Clubs

Chocolate Clubs

Copyright Registration

Credit Monitoring

Dog Treat Clubs

Painting Lessons

Popcorn Clubs

Wedding Planning Software

 

Individual Reviews

On Deck

Funding Circle

LendingClub

LendingTree

Kabbage

Balboa Capital

National Business Capital

CAN Capital

Advanced Commercial Capital

Capital Loan Hub

 

Our professional reviewers evaluate products and services independently, but Top Consumer Reviews may earn money when you click on the links on our pages. Learn more.

Better Business Bureau Reliability Seal

Kabbage vs Advanced Commercial Capital

Best Business Loans

To help you find the Best Business Loans, TopConsumerReviews.com provides you with an in-depth comparison of Kabbage and Advanced Commercial Capital.

To see ALL of our reviews for the Best Business Loans, please Click Here

With all the difficulties in today's economy, many people are choosing to open their own business instead of working for a traditional employer. Whether you're just starting your business, expanding your already-established business, or even hanging out a shingle as an online company, it's likely that at some point you'll need a business loan to successfully meet your customer's needs and your business goals.

In the past, small business owners relied heavily on traditional brick-and-mortar banks in order to finance their business loans. Often that meant that borrowers had to rely on their own reputation and relationship with their local bank. Getting the lowest possible interest rate was also more challenging, since there were few lending options from which to choose.

Continue reading below reviews

Best Reviews

2020

Business Loan Reviews

4 stars
Kabbage

KABBAGE

Visit Site

If you're looking for a modern way to get a business line of credit, Kabbage offers lines from $2,000 to $100,000. An accredited business with the Better Business Bureau since 2014, Kabbage's A+ rating demonstrates that they are a contender in the business loan market.

One unique feature of Kabbage is their use of other online services to verify the creditworthiness of your business: if you sell products on Etsy or receive regular payments from customers via PayPal, for example, you can link to those services to show Kabbage a real-time snapshot of your business data. This is an impressive way to save time often required by other lenders' paperwork processes, such as obtaining and documenting your credit score or sending in bank statements. The signup and application process, including this linked verification, takes only a few minutes; once qualified, you receive instant access to your approved amount.

In order to get a business loan from Kabbage, you will need to meet their minimum requirements:

  • In business for a year or longer
  • More than $50,000/year in revenue

Those requirements do mean that Kabbage would not be suitable for startups or companies within their first year of doing business.

We were impressed by Kabbage's low fees for their business lines of credit: 1.5% to 12%. Loans are paid back either in six months or twelve, and there are no early payment fees. There are no application fees either, making Kabbage one of the most straightforward lending platforms in our review.

We also like Kabbage's dedication to helping small businesses succeed. Their website has a Resources section that includes an up-to-date blog, complimentary Small Business Guides on a variety of topics, and even access to webinars on topics from bookkeeping to hiring.

While Kabbage won't be able to help you if you're looking for funds for your startup, or if you need a loan in excess of $100,000, they are a fantastic, low-fee resource if you have an established business that is doing well overall. Kabbage easily earns a four-star rating.

Visit Site
2.5 stars
Advanced Commercial Capital

ADVANCED COMMERCIAL CAPITAL

Visit Site

Based in southern Utah, Advanced Commercial Capital provides business loans through a system known as factoring: a business in need of quick cash essentially sells its outstanding accounts receivable to a financial institution (called a "factor"), and that institution buys those accounts at a discount as its fee for the service. Those fees, which would be somewhat comparable to an interest rate on a loan, typically range from 5.5% to 10%, depending on the credit risk of the invoices purchased by the factor. Those rates are significantly lower than most business loans provided by other services in our review.

When deciding to work with a client, ACC looks to see if the business is essentially successful but having issues with managing their cash flow as they provide goods and/or services to stable customers with good credit. The initial application form is somewhat lengthy; prospective customers must provide detailed information regarding their business, including the structure (for example, sole proprietorship, LLC, and so on), owner(s), primary industry, and at least two trade references. Once the application has been submitted, ACC typically renders a decision within 72 hours. After receiving an original invoice and supporting documentation, businesses can expect to have the funds within 24 hours.

When evaluating ACC's reputability as a business loan provider, we noticed several things that could be cause for concern. First, we were unable to find a Better Business Bureau rating for Advanced Commercial Capital; along with a LinkedIn profile showing that the company has 10 or fewer employees, ACC does not seem to be a key player in the business loan market. Also, both the blog and the Facebook page for Advanced Commercial Capital haven't been updated since 2014, again leaving us to wonder exactly how active ACC is within the lending market. On a positive note, a call to the toll-free number featured prominently at the top of ACC's website was answered quickly; the representative reassured us that they are still very active in the lending industry and that they are working on updating both the Facebook page and the blog in the near future.

In summary, ACC may be the perfect lender for established businesses that want an alternative to a traditional business loan and interest rates that are potentially much lower than what they could obtain elsewhere. However, because Advanced Commercial Capital focuses primarily on factoring-type lending, they may not be the best fit for a large number of potential customers, especially those who are looking for startup cash.

Visit Site

Continued from above

Fortunately, business owners today can choose among many lenders to find the best terms and interest rates available. In addition to the old local options, small business borrowers now have much more and better choices through various lenders on the Internet that specialize in small business loans.

There are many factors that you should consider before selecting a lender for your business loan. Some of these include:

  • Loan size and rate. How much will you be allowed to borrow? What interest rates do they typically offer on loans of that size?
  • Loan application process. When applying for your business loan, can it be completed online? Is the lending process easy and straightforward?
  • Requirements for business history. Can a brand-new business take out a loan, or is there a minimum time that the business must have been in operation in order to qualify? What other verification and/or collateral is required to secure the loan?
  • BBB rating. Does the lender have an established history of good business practices?

TopConsumerReviews.com has reviewed and ranked the best Business Loan programs available today. We hope this information helps you find the best loan for your small business at an affordable rate!

Three Ways To Close The Business Loan Gender Gap For Good

Just a little over 30 years ago, some women entrepreneurs in the United States couldn't apply for a business loan without male cosigners. It may sound unbelievable today. But not that long ago, a bank ...

Published:  Thu, 23 Jan 2020 06:01:00 GMT



Jack Ma's Booming Loan Business Threatens Visa, AmEx in China

As Visa Inc., Mastercard Inc. and American Express Co. prepare to enter China for the first time, one of their biggest competitive threats will come from a company that doesn't issue credit cards.Jack ...

Published:  Tue, 21 Jan 2020 16:21:00 GMT



Have a small business and need a low-interest loan? You might be interested in the 504 program

Have a small business and need a low-interest loan? You might be interested in the 504 program The 504 program provides fixed asset financing to cover hard costs such as land, buildings, or equipment.

Published:  Fri, 24 Jan 2020 14:07:00 GMT



I Paid Off My Student Loans Early, and I Regret It

I also paid off my loans before student loan refinancing became the big business it is today. If I still had my loans, I likely would have been able to refinance them at an even lower rate. This means ...

Published:  Sat, 25 Jan 2020 05:06:00 GMT



He Got $221,000 Of Student Loan Forgiveness, But Then This Happened

This veteran thought he got $221,000 of student loan forgiveness, but then this happened. Here's what you need to know. A Navy veteran was granted $221,000 of of student loan forgiveness, also known ...

Published:  Sat, 25 Jan 2020 03:53:00 GMT



These international schools offer US federal student loans

The list includes schools from around the world, including the University of Montreal, Copenhagen Business School and France's International Space University. Federal student loans can also be applied ...

Published:  Sun, 26 Jan 2020 07:09:00 GMT



Best Small Business Loans of 2020

We scoured the latest data and reviews to bring you lenders with the most favorable terms, transparent fees, strong ratings and more.

Published:  Thu, 16 Jan 2020 12:12:12 GMT



Dime Community Bancshares, Inc. Reports 97% Year-Over-Year Increase in Business Banking Loan Portfolio

Our net interest margin ("NIM" ), excluding the impact of loan prepayment fees, has now expanded for five consecutive quarters. This increase has been fueled by our Business Banking division ...

Published:  Thu, 23 Jan 2020 16:00:00 GMT



Share Us!   

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure