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    Kabbage is innovating, and the business looks fine

    When you’re starting a new business, it can be challenging to find a lender who offers funding quickly and efficiently. Kabbage offers convenient loan solutions to small business owners entrepreneurs who are seeking capital for their new ventures. 

    Kabbage allows you to apply, receive a decision, learn about rates and fees, and begin withdrawing funds all within a matter of minutes. That said, you pay for the convenience. Fees can reach up to 10% of your borrowing amount each month. 

    Despite the higher fees, Kabbage is an innovative and accessible lender with an application process that is the quickest available. The line-of-credit-style loans provide an excellent option for those who need to access a financial safety net. 


    You can access your Kabbage business loans and request funds through the desktop or the mobile app. There’s even a spending card option so that you can make payments directly from your credit line. 

    When you borrow from this lender, you can draw upon that line of credit up to a defined limit. You’ll pay interest on the amount used. There is also an array of Kabbage financial services offered by this company, including invoice processing, cards for easy access, as well as custom payment URLs. 

    How To Qualify

    The Kabbage loan requirements are relatively straightforward. To qualify, you’ll need to have been in business for at least one year. You have to have made at least $4,200 for the last three months. You’re likely to be approved as long as you have fair to excellent credit.

    There is no required minimum FICO score to qualify for Kabbage business loans, though you will need to consent to a credit check during the initial application process. This is a one-time hard inquiry so that Kabbage can review your information and decide whether you’re approved. 

    Reasonable Terms and Fees

    Kabbage loans have a term length of six, twelve, or eighteen months and you can borrow up to $250,000. Each month you’ll be required to repay accordingly depending on the length you choose as well as a fee. 

    There are no prepayment penalties, but you should be aware that Kabbage works on a front-loaded fee structure. This means that for the first few months of your loan, your fee will be between 1.25% and 10% of the principal. 

    For the remaining months, your fee will only be 1%. This can get confusing, but luckily there’s a loan calculator on the website to help you figure it out. 

    Kabbage doesn’t charge fees other than the borrowing fee. This means that you won’t be charged for an unused line of credit, prepayment, or maintenance and servicing. 

    Before you receive your loan from Kabbage, you’ll get what is called a SMART box. This will tell you what you need to know so that you can make an informed borrowing decision. One of the best things about this lender is transparency. 

    How To Apply

    The entire application process occurs online. You’ll provide Kabbage with the information about you and your business. You’re required to grant permission so that the lender can have read-only access to your business bank account and the various other data channels that you use. 

    A unique algorithm determines your fees and rates. It should only take a few minutes for the system to decide whether or not they’ll approve or deny your application. If Kabbage has any trouble verifying your identity or other information, the process could take longer. 

    Once you’ve been approved, you can start requesting funds and a Kabbage card to make payments directly from your line of credit. 


    Kabbage fully discloses its numbers, fees, application procedures, and terms. The help center is handy, as is the loan calculator. When you borrow from Kabbage, you’ll have all of the information you need to make an informed decision. 


    There are many reasons small business owners would find Kabbage an attractive lending option. The application process is quick and easy, and the capital is easily accessible. The fact that there are no added fees is a bonus. The lender is refreshingly transparent, and you can borrow without any surprises.