TopConsumerReviews.com is a world-leading consumer product review site. We provide detailed reviews and ratings for thousands of products and services.

 

Kabbage Review

We recommend

 

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.

 

KABBAGE

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 >


Business Loans

To help you find the Best Business Loans, TopConsumerReviews.com provides you with an in-depth Kabbage Review.

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.

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!



Business Loans In The News

Applying for a Business Loan Here is a step-by-step guide

Many business owners are able to start their own business and achieve their dreams using business loans. However, getting these loans isn't always as easy as it sounds with many people struggling to c...

Published:  Wed, 20 Feb 2019 15:42:00 GMT



Bruno loan was to help pay wife's salary; administration says no violation of federal regulations

Part of a federally funded business loan to Marcus Bruno, a senior aide to Lafayette Mayor-President Joel Robideaux, was intended to pay the salary of Bruno's wife, Traci Bruno, according to informati...

Published:  Wed, 20 Feb 2019 19:45:00 GMT



Deutsche Bank discussed extending Trump's loan terms over concerns of default

The bank opted not to restructure the loans to the Trump Organization, but the bank will not do any new business with Trump while in office. The current loans are due in 2023 and 2024. Neither Deutsch...

Published:  Wed, 20 Feb 2019 18:35:00 GMT



LendingTree Study Finds Personal Loans May Increase Credit Scores of Most Borrowers

Services include mortgage loans, mortgage refinances, auto loans, personal loans, business loans, student refinances, credit cards and more. Through the My LendingTree platform, consumers receive ...

Published:  Wed, 20 Feb 2019 20:46:00 GMT



State agency unveils small business loan fund

Empire State Development has announced a revolving loan fund for small businesses in economically distressed areas in Nassau, Rockland and Westchester counties. Up to $4 million will be available ...

Published:  Wed, 20 Feb 2019 07:51:00 GMT



Deutsche Bank Considered Leniency For Trump's Loans, Feared He Might Default

Deutsche Bank's admission it anguished over extending repayment dates on loans to the Trump Organization is raising speculation about the true financial health of this conglomerate founded by Donald T...

Published:  Wed, 20 Feb 2019 18:30:00 GMT



How to: Prepare for a business loan

If you own a business, you know what it's like to see - and want to seize - an opportunity. And often, such opportunities require an infusion of capital. By applying a smart business loan to a smart b...

Published:  Mon, 18 Feb 2019 03:31:00 GMT



Windsor Advantage Establishes Unique Loan Servicing Relationships

On behalf of the CDFI, Windsor currently services nearly 50 government guaranteed loans helping to create and preserve hundreds ... This is a really positive and exciting step in the development of ho...

Published:  Wed, 20 Feb 2019 17:43:00 GMT



City-parish attorneys investigating 2016 small business loan awarded to mayor's assistant

The legal department for Lafayette City-Parish is investigating after a city employee received a federally funded loan from a local economic development organization, then was allegedly involved in th...

Published:  Mon, 18 Feb 2019 15:55:00 GMT




We recommend

 

- View Full Site -