Kabbage Logo

Loan Amounts:



Loan Repayment Terms:


6–18 months

Minimum credit score:



Monthly revenue:


at least $3,000

Editorial Rating

Kabbage Logo

Editorial Rating

Kabbage Review

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Loan Amounts:



Loan Repayment Terms:


6–18 months

Minimum credit score:



Monthly revenue:


at least $3,000

Minimum time in business:


1 year

Monthly fees:


from 2.9% to 27%

Loans issued by:


American Express National Bank

Founded in:



Kabbage Logo

Editorial Rating

If you are looking to grow your business but for some reason cannot go for traditional funding, then maybe you are considering applying for a Kabbage business line of credit.

But before you fill out the form, you should find out more about the approval process, as well as the advantages and disadvantages of this type of funding.

And here is where our Kabbage review comes into play! Read on to make an informed decision.

What Is Kabbage?

Kabbage is a fintech company that provides small business owners with ready access to working capital. Kabbage was founded in 2009 by Marc Gorlin and Kathryn Petralia. Their aim was to give small businesses the option to borrow money online instantly.

Who Is Kabbage Best for?

This alternative lending option provides a line of credit to small businesses that cannot qualify for a traditional loan. As such, Kabbage is best for small businesses that need quick loans or unsecured loans for bad credit.

Getting started with Kabbage

Kabbage offers three types of products:

  • Kabbage Funding – a line of credit
  • Kabbage Payments – invoicing service
  • Kabbage Insights – free analytics tool

Before being acquired by American Express in 2020, Kabbage also offered SBA loans. However, the division for distributing PPP loans was not acquired, so Kabbage rebranded it as K servicing. Unfortunately, this move left a lot of business owners with no update on their applications for a long time. Right now, K Servicing focuses on dealing with existing PPP loans of Kabbage clients.

Applying for a line of credit through Kabbage is still an option and is a simple and fast process. All you need to do is fill out a free application on the website after creating a Kabbage account.

You will need to:

  • Provide basic information about you and your business
  • Connect your banking information or business service (Intuit QuickBooks, eBay, Amazon, PayPal, Xero, and Stripe)

Your application will then be reviewed. The whole process takes around 10 minutes.

Terms & Requirements

The difference between business lines of credit and term loans is that with a business line of credit you are getting a separate loan each time you draw funds.

If you are approved for a $100,000 line of credit and only spend $50,000, you will only be paying interest on the amount you have spent.

The lines of credit range from $2,000 to $250,000.

You can get 6, 12 or 18-month installment loans.

Applying for a loan is free and you don’t need to accept the offer.

You need to meet the following qualifications to apply for a line of credit through Kabbage:

  • Your business must be at least 1 year old
  • You must have revenue of at least $3,000 per month

Funding is currently available in all 50 US States and territories.

Businesses in the following industries are ineligible for Kabbage loans:

  • marijuana
  • CBD
  • firearms
  • gambling
  • financial institutions
  • lending or
  • non-profit organizations

Kabbage will verify your business using your business checking account and the business services you connect.

Kabbage also requests the following information:

  • Name
  • Business name
  • Home and business addresses and phone numbers
  • Industry
  • Business tax ID
  • Social security number


Does Kabbage do a hard pull?

Yes, during the application process Kabbage will need to perform a hard inquiry or a hard pull with your consent.

The minimum credit score required is 640. Collateral is not required, though Kabbage may place a lien on your business.

User Reviews

We looked up Kabbage reviews online and we are going to sum up what customers had to say about their lending experience.

To start off, almost every client complains about the customer service team. Every time a client has an issue that needs to be resolved by support, there seems to be some miscommunication. From issues regarding identity verification to account closure, clients seem to be not getting adequate support.

In addition, the whole PPP fiasco has left a lot of business owners with no funds, further eroding their trust in the business.

Unfortunately, the majority of the positive Kabbage reviews predate the acquisition by Amex and the establishment of K-Servicing.

Ultimately, Kabbage does not have good customer approval.

Rates & Fees

Applying through Kabbage is free.
If approved for funding, you will only have to pay a fee on the months you have an outstanding balance.

The only other fee besides the monthly fee is a late fee.

The Kabbage interest rates range from 2.9% to 27%, depending on the term length.

Privacy & Security

Kabbage collects the following business information:

  • business name
  • address
  • email
  • telephone number
  • industry type
  • incorporation date
  • annual revenue
  • bank account information
  • average bank balance bank statements
  • credit card statements
  • marketplace account information (e.g., transactions on PayPal, Shopify, Amazon)
  • payment information
  • business social network data
  • accounting information (e.g., Quickbooks)
  • vendor usage information (e.g., MailChimp)
  • information regarding our transactions and experiences with the business
  • beneficial ownership information

When discussing private credit, the lending service would need user information, such as:

  • name
  • job title
  • user name(s)
  • mailing address
  • email address
  • primary telephone number
  • date of birth
  • social security number
  • FICO score

Kabbage also requires general information, such as:

  • your Internet connection
  • the equipment with which you access the Sites and usage details
  • your operating system
  • browser version and internet protocol (IP) address
  • your mobile device type
  • your device’s unique identifier
  • your mobile network information
  • web pages, content, communications, or advertisements that you view or otherwise interact with
    referring/exit pages, clickstream data, and information that you search for using the Services

Your information is used for the following purposes:

  • Providing you with services (to determine your eligibility, to verify your identity, to provide customer support, to provide targeted advertisements)
  • Communication (customer service, feedback, surveys)
  • Marketing and advertising
  • Compliance with law
  • Other purposes
  • Aggregate data

Your information will be shared:

  • With affiliates and subsidiaries
  • With service providers
  • As requested by law
  • With business partners
  • Third parties

Customer Support

The Kabbage support team can be reached via the contact form on the website, by mail, phone, or email.


How does Kabbage compare to other large authorized lenders offering business loans?

Kabbage vs Fundbox

One of the important differences between these two lenders is the maximum loan amount.

With Kabbage you can get approved for a credit line of $250,000, whereas with Fundbox you can only get approved for a credit line of $150,000.

Kabbage is also better if you need a longer loan amount term. Fundbox has a 12- and 24-week repayment plan, whereas Kabbage has 6-, 12-, and 18-month repayment plans.

Kabbage vs OnDeck

The main difference between Kabbage and OnDeck is that OnDeck offers short-term loans besides a business line of credit.

With OnDeck, you can only get a line of credit of up to $100,000, compared to the $250,000 line offered by Kabbage. However, OnDeck also offers quick money loans of up to $250,000.

The estimated annual percentage rate of the loan will start at 29.9%, though it will vary based on your personal and business credit scores, time in business, and annual revenue and cash flow.

Another difference is the minimum score required. In order to apply for a loan with OnDeck you need a score of at least 600.

If you meet OnDeck’s business loan requirements, you will be happy to hear that the company has a high rating on Trustpilot.

Kabbage Review: Summary

Now, let’s sum up what we liked and didn’t like about Kabbage.

What we liked most about Kabbage is that it offers an alternative type of funding, unlike traditional banks.

We also like how fast and easy the process is. You can get a final decision within a day.

Lastly, no collateral is required, but a personal guarantee is. So, there are still serious implications of non-payment.

What we didn’t like were the high rates. We encountered a good number of Kabbage.com reviews from customers that claimed that the cost of the loan was too high.

However, in spite of the high fees, Kabbage is a good lender for owners of small businesses.


  • Fast approval – good for emergency funding
  • Low loan requirements
  • No collateral required
  • No prepayment penalty fees


  • May file a general lien
  • Not available to all industries
  • Late payment fees
  • Personal guarantee required in the loan agreement
Kabbage Logo

Editorial Rating


Is Kabbage legit?

Yes, Kabbage is a legitimate company. It was founded in 2009 and acquired by American Express in 2020.

How does Kabbage work?

The whole process is very simple. To start your application, you need to visit the website or use their mobile app and enter your business information. You will also need to link your business account. Using that information, Kabbage will review your revenue and business performance before reaching a lending decision.

How much can Kabbage lend?

You can get approved for a line of credit of up to $250,000.

Can I get a loan from Kabbage if I have a bad credit score?

While Kabbage does take your creditworthiness into account in order to evaluate the risk of lending money, it also looks at your business performance. And the financial performance of your business plays a part in the amount of funding you will get.

Is it hard to get a loan from Kabbage?

Due to the fact that Kabbage has low borrower requirements, it is easier to get approved compared to a bank. However, this comes with a price: high interest rates. If you are a business owner with bad credit that needs to borrow money, then Kabbage is a good alternative for you. Bear in mind, though, that applying for a Kabbage loan may have a potential impact on your credit score.

Does Kabbage check credit?

Yes, Kabbage does check your credit. A person’s score indicates their creditworthiness. If a lender states that applying doesn’t require a credit check, it could be a scam.

What is the interest rate on a Kabbage loan?

The monthly Kabbage interest rate ranges from 2.9% to 27%. However, while reading Kabbage loan reviews online, we noticed that a lot of the customers were complaining about the high interest rates.

Is Kabbage a good lender?

While Kabbage does not require borrowers to put up collateral, a personal guarantee is required.

Are Kabbage loans personally guaranteed?

While Kabbage does not require borrowers to put up collateral, a personal guarantee is required.

How to get a small business loan with bad credit?

While having bad credit makes it hard to get a business loan, it is not impossible. There are a lot of lenders and marketplace platforms in those cases. Besides getting a traditional loan, you can consider a business line of credit, merchant advance, or invoice financing. You can get a business loan with bad credit from Kabbage, Fundbox, or BlueVine.

Does Kabbage Report to Credit Bureaus?

No, Kabbage does not report your payment history, which means that you cannot build credit.