• Kabbage

Kabbage

Overview

Kabbage has a rating of 3.48 stars from 309 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with Kabbage most frequently mention customer service, small business, and great job. Kabbage ranks 3rd among Business Loans sites.

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What reviewers want you to know

Positive highlights

  • Application was quick, access to funds were quick, very good customer service

Critical highlights

  • I applied for a ppp loan from Kabbage and was given the wrong amount.
  • We will not be completing the "bank accounts" verification process now and have dumped them.
How would you rate Kabbage?
Top Positive Review

“PPP Loan was Easy and Simple with Kabbage!”

Alex B.
5/9/20

Applied several places to get the PPP loan and Kabbage came through very quickly. I had all my documentation ready and they made it easier. From application to funding it was less than a few weeks. Thanks Kabbage!

Top Critical Review

“Thumbs down lousy support”

anwer s.
11/19/21

Could not open the account becuase they could not read the document and nobody to talk to in person They dont care called to reason for not accepting my application "we can request only 2 time for the document couple of times " and thats it rejected for life time nobody to explain or answer their question Banking with Chase and BOA no problem Maybe it was my name that stopped them from opening account Phone number get dicsconneted while on hold and nobody to talk to

Reviews (309)

Rating

Timeframe

Other

Reviews that mention popular keywords

customer service (72) ppp loan (17) bank account (24)
Thumbnail of user anwers1
1 review
0 helpful votes
November 19th, 2021

Could not open the account becuase they could not read the document and nobody to talk to in person
They dont care called to reason for not accepting my application "we can request only 2 time for the document couple of times " and thats it rejected for life time nobody to explain or answer their question
Banking with Chase and BOA no problem
Maybe it was my name that stopped them from opening account
Phone number get dicsconneted while on hold and nobody to talk to

Service
Value
Shipping
Returns
Quality
Thumbnail of user kabbages
1 review
0 helpful votes
January 27th, 2022

Tried to get an online checking account with them. Was asked to "provide documents" multiple times despite providing them and making multiple calls with their staff from India who were useless. Was sent a rejection email today because "I didn't call them to confirm documents." Kabbage seems like another indian scam.

Tip for consumers:
Kabbage sucks

Service
Value
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Thumbnail of user billn99
3 reviews
1 helpful vote
October 11th, 2021

Signed up and their link to my other bank was old. Notified them a week ago and still hasn't been fixed. I thought I'd try to deposit a check - their website indicates I just need to select Deposit Check from the Account Overview screen on the mobile app. Might be great if there were actually a Deposit Check option on the app Account Overview screen! I thought this would be a solid product now with the Amex tie-in. Could not have been more wrong. Really regret signing up for this account.

Service
Value
Quality
Thumbnail of user alexb687
1 review
0 helpful votes
May 9th, 2020

Applied several places to get the PPP loan and Kabbage came through very quickly. I had all my documentation ready and they made it easier. From application to funding it was less than a few weeks. Thanks Kabbage!

Thumbnail of user jasminej215
1 review
1 helpful vote
October 18th, 2022

I have a 680 fico, they did hard pull, and gave them linked bank accounts with+50k mn deposits and they are still evaluating three weeks later. I called customer service many times and they can't help. Just wait for computer. Seems like a scam. For line of credit

Thumbnail of user dons825
1 review
0 helpful votes
October 28th, 2021

Total cut throat business lending! They received their government sba bail out but stick to the business's that were hurt during the pandemic with their fly by night lawyers.

Service
Value
Shipping
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Thumbnail of user justinh374
1 review
4 helpful votes
June 12th, 2020

Horrible customer service. Need to sign loan documents and can't get it taken care off. I have called and emailed for days and no word back. On top of the fact that it took me 3 times to get them everything they needed, even though I was told each time I had submitted everything. In a time where the funds are needed, regarding the PPP loan and can't even get an answer back from them is ridiculous.
I have NEVER dealt with worse customer service in my life. Completely unacceptable!

Thumbnail of user austind101
2 reviews
0 helpful votes
September 30th, 2020

I was approved for a PPP loan but, can't get the funds deposited into my account. I've called and emailed dozens of times in the past two weeks to try and get my account info updated but no response. Now they tell me my loan offer may be cancelled. It would just take a few minutes to help me, it seems crazy they wont even respond or try to help. Don't take on loans you can't service when people's businesses are on the line

Thumbnail of user donaldt554
1 review
0 helpful votes
June 12th, 2020

Great job Kabbage - Hospitals and OEMS will not be able to purchase systems to save lives. We had orders in place to purchase portable X-rays and C Arms for hospitals and OEMS in need due to supply chain issues.

Now I have to break the news to all the major OEMS and Hospitals that Kabbage blindsided us with ZERO explanation.

Not good business for a company that relies on us to support your operation. Have the decency to reach out to your vendors and qualify who truly has the capacity to use the lines responsibly.

Thumbnail of user rosas81
1 review
2 helpful votes
June 29th, 2020

I called several times for making a payment plan they charge my account all at one time and reactive the auto pay with out informing me, my restaurants was close during the Covid and I have a stay home order until June 8 and they took 4000 out of my account they don't care about your situation they think Covid it's your problem not theirs awful company awful customer service don't work with them I'll close my account ASAP after the Covid and stay of home order finish, they are not human

Thumbnail of user tc245
1 review
4 helpful votes
June 12th, 2020

Tried calling to defer payment during covid 19 lockdown. They never answered documented 30 calls. Left messages for each one. Sent 4 emails, never responded to. Only got emails stating they were taking $6600 out of my account. No money to be taken. Business suspended. Their says to hold, after 10minutes it goes to a voicemail. Tried 3 separate numbers for them. Same result. Never got a call or email.

Thumbnail of user daisym231
1 review
1 helpful vote
July 11th, 2020

Today I started at 8AM only to get the same thing a hold, and then an abrupt disconnection. They sent a generic letter stating what might be missing on my PPP loan application but did not specify what is missing for MY application. Nothing in the admin even mentions what they need or that there is an issue. 4 weeks. Time to cancel and reapply elsewhere before the June 30th deadline. PS - while writing this review, they were on hold, someone just answered. After my first sentence, I was then disconnected. Whoa!

Thumbnail of user brucer209
1 review
1 helpful vote
June 12th, 2020

I applied for a ppp loan from Kabbage and was given the wrong amount. It's third grade math 2.5 x monthly payroll. I supplied my documents that verified what my monthly payroll and was shorted over 8000 dollars! I have reached out to my members of Congress to inform them of this unfair abuse of their clients. After reading many reviews they mishandled many small businesses applications. There was not a manner of contacting them by phone or email. They have left many with a lot of questions that need to be answered. It doesn't surprise me when I saw during the first allotted ppp loans went to publicly traded companies. What a scam.

Thumbnail of user camerons209
5 reviews
2 helpful votes
July 13th, 2020

I just read an online article in Forbes Kabbage PPP Small Business Loans. I got a good laugh that a respected media source like Forbes would feature a company such as Kabbage. Kabbage takes advantage of small business that hasn't been around long enough to establish credit or has a lower credit rating. Among the many negative aspects of Kabbage, the fixed-fee structure (meaning that early repayment does not save interest), non-transparency, monthly fees, and astronomical rates compared to other online lenders. Beware, this company is NOT a small business' friend.

Thumbnail of user patrickk264
1 review
4 helpful votes
May 11th, 2020

Thomas provided one of the best customer service experiences I've had in any industry. Pleasure to talk to and found a way to help me with the questions I had. Definitely someone who cares about the work he does each day!

Thumbnail of user fm72
1 review
1 helpful vote
July 14th, 2020

At one time offered business loans, but cut all customers' lines of credit to $0 without warning (Google the Bloomberg article reporting on Kabbage related to this topic). I'd question everything about this firm's management practices, and would steer well clear of a business relationship with them.

Thumbnail of user davide1129
1 review
0 helpful votes
October 10th, 2020

As so many others wrote their PPP loan application customer service was non existent, they didn't approve, although I was clearly eligible, called them many times and emailed them, never got through to a human until today, when I suddenly received a humans email response more than a month after the PPP loan deadline.
They shouldn't have offered this service, if they cant deal with it and don't have any customer service, companies were relying on them and lost out by being told that the loans weren't going through after PPP application deadline, we could have applied with other banks, who would have communicated with us.

Shame on Kabbage, they are a group of incompetents and frauds!

Wasting peoples time and misleading them.

They owe apologies to hundreds of small businesses, however their apologies wont help at all.

Thumbnail of user slimtiqueb
1 review
1 helpful vote
September 9th, 2020

I have been in business for years. Applied for the PPP Loan so I can hire back my employees. I submitted all my LEGAL documents just to be told weeks later I was denied cause they couldn't verify my business information when I emailed for a Dispute on their decision it's like a ghost town I'm still waiting for a reply cause I call bull crap. When I called the rep I last talked to literally laughed in my face when I said I was denied an told me to email the dispute team SUPER UNPROFESSIONAL ‼‼‼

Thumbnail of user jononal
1 review
0 helpful votes
June 22nd, 2020

I applied for an SBA loan with Kabbage weeks ago. They verified a few things and then all went silent for weeks. I finally received an email a few days ago that they were having trouble verifying some information and to sign in to check for errors to correct on my documentation. The sign in led me to my Kabbage dashboard that does not allow for me to correct or update information. It would also not let me check my documents or upload any new ones. All of my colleagues who submitted their applications at the same time, with similar documentation to mine, have received their loans. I repeatedly call and am told that I have been in the cue too long and disconnected. I email the email they give you to contact and only receive back the same form letter. I am so frustrated and exasperated. The futility of this process has driven me to tears multiple times.

Thumbnail of user craiga164
1 review
1 helpful vote
September 4th, 2020

I was approved for a PPP loan and I was never able to accept the loan do to issues with their website. I called them over 50 times and sent numerous e-mails with no response. When you call your call is automatically dropped after a few minutes in the Que. Now my PPP loan is denied because I could not take action within the 20 day time limit and I am being told I can't apply for another loan by other Lenders. Worst customer service ever and their actions will have implications to my employees and their lives. I can't even apply using another lender. I would never recommend using them for anything.
Very disappointed

Thumbnail of user cameronm140
1 review
3 helpful votes
April 19th, 2020

I can't believe there are this many positive reviews for Kabbage. Since I linked here from their site, I guess I cant be suprised. They come off as new, fresh, professional. They advertise all over the place. Their customer service is nice and apologetic but it's a shady outfit. Go elsewhere! I found some serious flaws in their operations. They even admitted to the flaws and instead of correcting their mistakes, they offed me a gift card. When I needed them most during the Covid-19 pandemic, they froze my account along with the majority of consumers. Way to go! House of cards. Don't do it.

Thumbnail of user tomekah3
1 review
3 helpful votes
July 31st, 2020

I have called a million times with no answer. It has my bank account on profile, even did the micro deposits, however it won't allow me to verify my bank. Now they have suspended funding. I had high hopes of getting my business back on track.

Thumbnail of user johnb4626
1 review
2 helpful votes
June 12th, 2020

We received an email from kabbage that our new line was placed in hold only weeks after they approved it. The sent this message yesterday. We have a substantial operation and purchase millions in supplies. We have no financial challenges whatsoever. We were using them for pay later on alibaba which would seem faster than wiring money all the time.

I dont recommend kabbage.
Their process is misleading.
They want to connect to your bank accounts- fortunately we only connected them to a minor credit union account for payments.
After reading reviews I wish we had done our homework first.

Their coronavirus policy is hurting people. We will not be completing the "bank accounts" verification process now and have dumped them.

Thumbnail of user clarkk30
1 review
2 helpful votes
June 12th, 2020

While everyone else is giving businesses break due to lack of business from the COVID pandemic, Kabbage is out there playing hard ball. They do not give breaks. The collect the money on the day it is due and no later. If you don't pay they harrass you with phone calls. Stay away from this lender! They are the worst!

Thumbnail of user larap36
1 review
0 helpful votes
September 30th, 2020

I had originally applied for a PPP loan through Lendio by the original June 30th deadline. They referred me to Kabbage to continue my loan application through them instead. I struggled to complete my application because the website kept crashing and giving an error message. After talking with a rep, they had to reset the application completely. I applied all over again, only to get the error and crash message again. I waited a few days, tried one more time, and it finally went through. Then, they kept sending automated emails for me to upload additional documents, that they didn't initially request when I had applied. They kept asking for a schedule C, which my business doesn't have. After emailing and getting no response whatsoever, and calling and waiting only to get hung up on, I finally talked to someone, who told me they would have to change my business structure on my application on their end, and told me one more additional document that I should upload. I uploaded it that day. About a week later, I get an automated response that they've closed PPP applications and mine didn't go through. I called to ask why, and they said I never uploaded my schedule C. I told the rep that my business doesn't have one, that they're asking for the wrong document, and I had uploaded the correct ones and was waiting for them to change my business to a corporation structure so it could be processed. But it was too late. This cost me thousands of dollars of forgivable loans that I could absolutely have used for payroll. They were utterly negligent and very hard to reach through the entire application process, which took over a month. If I would have known this from the beginning, I would have applied through another lender.

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From the business

Kabbage provides automated, online financing to small businesses in minutes.

Business History

In 2008, Rob Frohwein recognized that many companies were offering automated access to data via APIs like eBay. He realized small businesses simply needed to share this data to allow lenders to make better, faster decisions and provide great user experiences. With the help of Kathryn Petralia and Marc Gorlin, he founded Kabbage to leverage the power of real-time data automation to streamline lending. Today, the Kabbage Platform has funded more than $1.5 billion in loans directly through kabbage.com and karrot.com and through relationships with partnering organizations worldwide.

Before founding Kabbage, Rob established, led and advised a number of successful businesses, including LAVA Group, U.S. Micro Corporation and Surgical Biologics. Additionally, he served in business development and legal capacities for ZapMedia and Security First Network Bank. Rob practiced law with Troutman Sanders LLP, co-authored three books on intellectual property and co-hosted a career-centered radio program sponsored by USA TODAY.

As Kabbage expands its workforce and increases its support of small businesses, Rob helps ensure the company maintains its unique culture and considerable laughter quotient. One of his favorite small businesses is ACME Farms + Kitchen, an online food purveyor Rob admires for their efficiency and ingenuity in creating interesting and delicious meals.

Company Representative

Thumbnail of user ludovicad
Kabbage R.
Customer Advocate

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