Beyond excellent customer service received from Anna!
Extremely professional!
Extremely polite!
Extremely knowledgeable!
Extremely friendly!
She was able to answer all of my 109 questions! Thank you Anna!
Kabbage is so easy to deal with. When I need money for an inventory purchase, it is usually there in under 10 minutes. Kabbage has helped me grow my business, making it easy to get the inventory I need to increase sales.
Working with Kyle Amos, I was able to secure a loan at a descent rate. Understanding the process, the fees, and repayment structure is paramount if you are taking a loan. For those who had a horrible experience, you should understand that a loan is not without the stress of repayment, nor a substitute for sales and good management practices. I have over $30K a month in payroll, and this loan helped me access the "rollover" money that has been now put to use growing additional sales, while stabilizing my balances to keep payroll secure for my staff.
This is a good, albeit fairly more expensive, method to raise your businesses credit ratings for those looking toward more traditional lines of credit, be it a bank or SBA loan.
I loved how easy the loan application process was. The website is designed well, easy to navigate. The site was fast to submit the application and even faster to get the approval.
Once approved the funds were distributed within a couple of days!
Additionally the Kabbage employees I've spoken with are top notch.
Great company, great system, and great employees!
Whitley was helpful until my issue was fixed. It's a pleasure to work with a company that hires employees of her caliper. She was on it as soon as I had a problem, provided a solution and when that solution didn't work, found another solution to fix it!
I have been trying for 3 days to get through to CS to help with delaying payments and I cannot get through. This will overdraw my account as my business has totally stopped. They have had plenty of time to ramp up CS and have chosen not to.
I guess I have to give them 1 star, as there are no zero starts.
I contacted them about a loan for our business. Explained that we are moving our offshore business onshore, etc. Got my approval in 1 day, WOW this is great... but noooo.
They sent the verification, funds will be there in 1 to 3 days, great news. Then the next day they get back and say "We cancelled your loan." Why? Because you have not been in business in the US for a year.
Okay... but I told you that. Then Carlos my customer rep called and gave some lame excuse about the loans are approved by a machine and then a real person looks at it, and when that happened they canceled it as they realized the mistake.
Don't you think they should have done that first? Then he says "Contact us in a year and try again." I'm all over that. To Carlos' credit he finally admitted that they screwed up, as I kept saying that they had made a mistake.
Horrible, horrible service.
MN
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!
My request was fairly simple and Jeff was able to handle it in a pinch! I have 3 accounts linked, but the main account that I make deposits and withdrawals from was not the primary account linked to Kabbage.
Jeff was able to change that for me instantly.
Thanks!
Kabbage has been there for me to grow my business.So, thus far, Kabbage has been a godsend. They're the only lender who looks primarily at your cash flow to assess your eligibility. Kabbage has given me opportunities.
Hi Eric,
Thank you so much for sharing your experience! We are here for you and can't wait to see how your business grows!
Regards,
Annie York
Customer Success and Experience
Paige Cooper is an excellent asset to this company. Paige was very professional and courteous to me and didn't make me feel uncomfortable. I would advise Kabbge to keep this employee for if a competitor was to discover her, they would give an unrefusable offer! Keep up the good work Paige we need more caring professionals like you and if you're ever in Flint Michigan lunch and accommodations are on me.
Hi Sheldon! Thank you so much for your kind words. We very much appreciate you!
-The Kabbage Team
I made a call to confirm my up coming payment and Jared L. Was very helpful and understanding when I was not able to log in with my password.
Made my call very easy and heart warming to my needs.
Thank you Kabbage for having Jared L..
I have had Kabbage for over 2 years and all of a sudden they stopped me from getting cash. I have never missed a payment. Now they want me to send them bank account statements, driver license copy. Etc. Whats up with that? I am not happy with all this personal information going to them especially since I have been doing business with them for over 2 years. SOMETHING IS NOT RIGHT?
Nahian Rahman was delightful and his approach made it easy, it was a painless process. The interest rates were excellent and I would highly recommend Kabbage to all my business owner friends. Thank you Nahian
Jeff Thornton followed up with me to see if I was satisfied and a pleasure to speak to as well.
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.
As a business owner whos number one priority is customer service, I was grateful to have the opportunity to talk to both Zelinka and Lisa. Theyve been extremely helpful and give a $#*! about my company and our growth.
Hello!
Thank you so much for leaving us a review. We hold ourselves to a super high standard with delivery awesome customer service. Please let us know if there is anything else we can do to make your experience even better!
- The Kabbage Team
Take out the 100% interest loan with kabbage... You will notice your first payment isn't do for about 35 to 45 days... they make you think your payment plus your loan fee is
Due in the 30 days... in fact your fee is due on the 30th day... so even if you pay off your loan 35 days... your fees are still all do... loan and ethic very sad... 0 stars... DO NOT DEAL WITH THIS COMPANY
Hi Thomas,
Thank you for your response. Kabbage® loans have a monthly fee for every month you have a balance. To avoid your monthly fee, the loan must be paid in full before the monthly fee's posting date. I reviewed your file and can confirm that your account was not paid in full before the monthly fee's posting date. The structure of our monthly loan fees are outlined in your loan agreement, which was presented to you and electronically signed before you accepted the funds to ensure transparency in regards to the cost of borrowing. I apologize for any confusion that caused this misunderstanding. We wish you nothing but the best for your business.
Regards,
Annie York
Customer Experience and Success
Fantastic customer service. Rep was very pleasant and and very understanding regarding my issue. My problem was resolved on the very first call. Had to call back got the same rep who handle the situation.
They want the login to my store and the login to my bank just to apply. Who would be crazy to give the login to their store and the login to their bank to some online website hoping that website will loan money at a high interest rate?
Customer service with a smile! Zelenka was awesome took care of my problem in a flash and was just as pleasant as could be. First time I have had to call Kabbage CS in 2 years. If I have to call back I won't dredge it like I do with other companies. Kabbage has helped me grow my small business at the pace I want to grow it. Thank you KABBAGE!
Hi Tammy,
This is awesome to hear. Thank you so much for your business and partnership!
- The Kabbage Team
Answer: I definitely would not recommend Kabbage to anyone, but especially to someone starting a new business. The interest and fees will kill your new business before you've even had a chance to get it started. I own a small business (2 employees, $200K in annual sales) that is over 15 years old, and the Kabbage loan I took out for $25K for an expansion nearly bankrupted my business. There are better ways to find funding for a new business - grants are out there for women who want to start a business, you can try your luck at crowdfunding (look at Kickstarter, Indiegogo, Rocket Hub, Crowdrise, Angellist, Quirky, and others), approach local friends or family members who would like to invest in your business (you can use ZimpleMoney, com to keep track of their loan payments). Kabbage is a stupid and dangerous way to start up a business. Only a complete idiot would do that.
Answer: 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. We encourage you to take a look at our "How it Works" page on our website for help understanding the fee structure. If you have any questions not answered there, you can give us a call at 888-986-8263. Thanks for getting in touch!
Answer: Hi Jessica, you can go on their site and enter the amount you want to "borrow" and Kabbage will give you this information up front before you agree to receiving the cash. I borrowed $21,000 and paid nearly $8,000 in interest and fees. It HURT my business, very much! I strongly encourage you to try other companies or look to local lending networks or a local bank.
Answer: It's based on them having access to your bank account through you online banking. You need to provide your institution and password so they have full access to your account. They are not trustworthy. Do not allow them access to that information.
Kabbage has a rating of 3.2 stars from 307 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.
Hi Damon,
Thank you so much for your review! We really appreciate you taking the time to share your experience!
- The Kabbage Team