Here’s what consumers have asked with answers from Kabbage staff and previous consumers.
A Kabbage loan requires, one year or more in business with over $50,000 a year in revenue and any business can apply. I hope this answers your question and you can visit our website anytime and check out our Help Center for additional information. Kabbage Team
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!
Thanks for your qurestion, Kelli. At this time, the longest-term loan Kabbage offers is 12 months. We're always looking for ways to improve what we offer, so in time that may be an options. If you have any more questions, give us a call at 888-986-8263 and we'll be glad to address them.
Hey, Robert. Applying for Kabbage does require a personal credit inquiry. Give us a call to see how we can work with you. Our number is (888) 986-8263. We look forward to helping you grow!
Thanks for reaching out to us, Maryann. Once its complete, an application will show you what next steps, if any, need to be taken. If additional documentation of any kind was required, you'll hear from us within 5 business days of receipt of the documents. We hope this helps!