Thanks for your question, John. Kabbage's loans are fundamentally different in structure from a traditional loan. Interest isn't charged on the loan balance, and a customer can pay a loan back early and save on future fees.

That said, Kabbage's loans are for either 6 months or 12 months depending on qualifications. The maximum fee you would incur for a loan is a total of 28% of the amount borrowed. Bear in mind that you can save on fees by paying early as well.

We encourage you to take a look at our "How it Works" page on our website for help understanding the fee structure (it's incredibly simple; we promise). If you have any questions not answered there, you can give us a call at 888-986-8263. Thanks for getting in touch!

: Do not use KABBAGE. You will have a large payment every month. When you pay that, you will probably need to reborrow and they will charge you a fee to reborrow plus a monthly fee for that part of the loan. It is not at all like a line of credit.