Kabbage

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.

I can't give Kabbage and my rep, Greg Bianchini, enough credit. Great job! None of this hip hip hooray sales-talk nonsense – Greg is straightforward and intelligent. And I almost threw the mailer away. At first I wrote off Kabbage as another one of those "cash register" loan outfits, but that was absolutely wrong. Kabbage lends based on the strength of your bank account. I was able to get a loan when no one else would lend to me, simply because I have the revenues and they know I can pay it back. I really needed a little boost and Kabbage gave it to me.

Kabbage makes the process of getting a loan as fast and strait forward as it ought to be. No added, unnecessary red tape. No additional documentation or hoops to jump through requested as you wait for a response from a bank who doesn't keep the same hours as a restaurant. No games. No nonsense. Greg Bianchini was polite, knowledgeable, and understanding. The relatively small loan I've received from Kabbage has allowed me to, finally, breath a little easier and get back on track. Thankful and optimistic is the end result of my experience.

Used the kabbage funding and over sell upfront on how great the sales pitch was on interest rate, well i jumped in, 2/3 of the year we made all the payments on time then had a moment we slightly slipped behind, this program is designed for us to fail, the extra fee for every payment made late is part of the business model for them to make money off these kinds of loans, no doubt. Think about then they decreased the payback time now to six months and before you hardly get a chance to put it to work for you the huge number is on you the first 90 days. Paypal credit makes much more sense, used 2 loans from them so far(perfect), and its not highway robbery like kabbage. Its a preditory advance(loan)and will cost you dearly if you slip up, shame on kabbage for the huge fees, nice business model for them, they are bottom feeders praying on loan failure with no regulations because of the word "advance" no loan. Stay away from them. No at all recommended

Kabbage did a great job of getting our line of credit approved quickly and easily, and my account manager, Greg Bianchini, walked me through and kept in touch every step of the way to make sure I understood exactly what we were getting, all of our options, and that we got our money when we needed it. Also, their website is excellent - very easy to use, no wasted time, easy to understand and self-serve information. I can't recommend Greg or Kabbage highly enough.

My company decided to apply for a Kabbage loan a little over a year ago and was accepted for a reasonable line of credit. At first, I was concerned about the high interest and fee structure until I realized we are starting to reach our new goals with changing the direction of growth. The use of this line of credit will ultimately be the reason our new growth and profit percentages will be significantly higher.

I've read a few negative Customer Service related comments. I'd like to say that maybe the whole story isn't being told. My experience over this last year, dealing with Kabbage's Cusomer Service personnel, is that they have been more than courteous, extremely professional, responsive, interested in my progress and have offered, at times, discounts to the payback.

All in all... we all know what we are getting into when we apply for a loan or line of credit. Kabbage worked/works for me and I very much appreciate the easy to understand and use web page.

Thank you Kabbage

2-10% is a monstrous range and I think the 2 percent they advertise on their website is just to tempt you to fill out your information and for them to attempt get your loan. I did not get nearly close enough to their advertised 2% rate. An SBA loan right now will come in around 3.5-5% and that is a far better deal, though it takes longer for you to get an SBA loan. Kabbage does seem like a very fast way to get a small business loan so I do think it has its place. I would also check out the lending club and compare rates.

Even if you explain to them that you had a bad sales month and don't have enough money in your Paypal/bank account, they will write themselves an e-check and keep trying to put it through multiple times until you owe your bank a ton of overdraft fees.
In my case, the overdraft fees could have been avoided if they had given me a one week extension to raise the money by selling or pawning some stuff.
But they blindly and stubbornly refused to turn automatic payments off for a week, even though I warned them that the money wasn't there.
I don't know if they thought I was lying, or thought the bank would pay an overdraft of $400. Talking to them is like talking to robots. They have no empathy for sellers who have had a bad sales month and they don't do payment plants, delays or extensions.