2.8 of 5stars4 Reviews

Kabbage

  • Recommended Lender
    Recommended 50%
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Lender Summary

Kabbage® offers a simple, modern way for businesses to access funding with the flexibility they need. Through the safe and secure online application, businesses can link their latest information to be qualified quickly for lines of credit of up to $250,000. (1, 2) Kabbage small business loans have simple, 6, 12 or 18-month payment terms, and you can withdraw funds whenever (3) you need extra capital. Payment schedules can easily reviewed before taking a loan to avoid any surprises. DISCLAIMERS 1. Kabbage can approve you in minutes for up to $200,000 when they are able to automatically obtain your business data and verify your bank account. Lines of credit over $200,000 require a manual review. In some situations, errors may occur during the sign-up process, or Kabbage may need to send micro-deposits to confirm your bank account for security purposes. If this is the case, it may take up to several days to provide you with access to funding. 2. Credit lines and pricing are subject to periodic review or change, including line and pricing reductions, line and pricing increases, or line eliminations. Individual requests for capital are separate installment loans. All loans are subject to credit approval. All Kabbage business loans are issued by Celtic Bank, a Utah-Chartered Industrial Bank, Member FDIC.  3.  After you apply, Kabbage will inform you if the loan you are requesting qualifies for a 6-month term, or a 6-month term and a 12 or 18-month term. Eligibility for 12 and 18-month loan terms is subject to availability and can change based on underwriting criteria.

What they're saying

Ratings & Reviews
4 Reviews
  • Interest Rates
    Average
  • Fees & Closing Costs
    Average
  • Responsiveness
    Good
  • Customer Service
    Good

Review Breakdown

  • 5 Star
    (1)
  • 4 Star
    (1)
  • 3 Star
    (0)
  • 2 Star
    (0)
  • 1 Star
    (2)

Warning!!!

Warning!!!! Do not do business with this PREDATORY lender!! They are the ONLY company not willing to work with clients during the pandemic!!! They are removing credit lines and tanking small businesses instead of working with them! Buyer BEWARE!!! Again, do NOT do business with them!! ALL of the positive reviews you see online are from their own employees.

  • Closed with Lender:

    Yes
  • Loan Type:

    Small Business Loan
  • Review Type:

    Lender Review

Not a good experience at all!

Be very careful with Kabbage, not only do they charge a extremely high fees on your loans they have Stolen/Misplaced over four thousand dollars from my small business.
Let me start by saying as a small business we were new to Kabbage and believed that they would be a good fit since we paid each loan back either before the initial charge date or on the auto payment date, as to not incur anymore charges. Well this was going well until my most recent payment which was via PayPal payment(which most if not all my payments were made through PayPal). The payment went through as successful and was taken out of my PayPal account, about two weeks later I went to check my company’s Kabbage account to find Kabbage stating that I still owe the same payment that I made two weeks earlier $4031 I stopped and immediately called them in disbelief. To my surprise they stated the payment was reversed back to PayPal (🤔with no notification to me not even an email). Immediately I checked PayPal no refund there. I asked Kabbage once more where’s my 4 thousand dollars I get the run around, first it’s let me ask a supervisor, then it’s let me ask the accounting team, then it’s call PayPal and ask them. Ok I call PayPal, PayPal confirms my suspicions no refund was given,( Kabbage didn’t even reverse the payment with the same transaction code). I call Kabbage back to let them know of the issue, once again the run around, supervisor to Accounting team which points the finger back to PayPal. Then the final straw was when I spoke to this last representative J****{he will remain nameless, not trying to fire him} and his supervisor who tried to tell me that Kabbage doesn’t accept PayPal payments🤔 well how do you explain my 5 payments just in that month alone that were accepted( I even emailed him proof), his response “Oh those 5 separate PayPal payments were just glitches😔. This is very scary I feel as though Kabbage is trying to force a small business to do something not even banks do. Never again will I trust Kabbage.
Beware of Kabbage.
PS I’m still waiting on you all to find my 4 thousand dollars, until then I’m not paying you thieves a single dollar more👎

  • Closed with Lender:

    Yes
  • Loan Type:

    Small Business Loan
  • Review Type:

    Lender Review

Small contractor

I have been using Kabbage for several months now to keep cash flow for my small contracting company. They have helped with everything from purchasing small equipment and materials to hiring help. Having a reliable line of credit to draw on is a blessing in this industry.

  • LendingTree Customer:

    Yes
  • Loan Type:

  • Review Type:

    Lender Review
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