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This Kabbage review will go over how to get approved for a loan or line of credit offered by Kabbage (going to assume it’s pronounced like “cabbage” based on the leafy green logo on the website), a highly-rated company that grants entrepreneurs and small business owners the loan funding they need for launching a store (online or otherwise), growing a customer base and rising above competitors with similar businesses.
No matter what your goal
is, if it’s business-related, Kabbage is here to help. The company will assist
you with business loans up to $250,000 with an APR of 24 to 99 percent. It usually
takes just a few minutes to find out if you qualify for a loan with Kabbage,
but it could take up to several days. Loan terms with Kabbage typically last
for six, 12 or 18 months.
The good news is that if
you don’t have fantastic personal credit, Kabbage will probably still help you.
The company focuses on less traditional statistics like accounting, banking and
e-commerce data (hello, Instagram influencers!). There is no bad news. As long
as you don’t mind paying slightly higher rates, your loan decision (and then
your loan once accepted) will be delivered at lightning speed. Prepayment
penalties are nonexistent with Kabbage, but there’s not much to gain if you pay
your loan back early. Take your time and use the money wisely. In a business
setting, you can let your Kabbage loan work for you.
If you have questions
about the process or your loan once approved, you can always call 888-986-8263 and a qualified professional will help you with all your
business loan needs, no matter how big or small. A Kabbage loan can help with
everything up to investing in new equipment (if your business consists of a
restaurant of cafe, you probably already know that coffee makers and juicers
can be very pricey), hiring much needed staff members, launching a marketing
campaign and buying new inventory.
Kabbage has a helpful Resources tab on the
website that that includes a blog, customer stories and testimonials, a
resource center, customer perks and an entire section for women in business.
Did you know that just 39 percent of small businesses are owned by women? That
number is growing, but not fast enough. Lenders like Kabbage can help women in
business greatly when they need that extra push to get to the next step in
their businesses successfully.
There’s more. Kabbage promises flexible options that are tailored to your business, meaning terms are transparent (there are no origination fees amongst other things) and experts are on-hand to answer all your questions in the application process and beyond. The company has been rated A+ by the Better Business Bureau and thousands of people have used its services to advance their businesses and lives overall.
If you need fast access to working capital, Kabbage might be right for you as a small business owner. The three-step process leaves nothing to the imagination (in a good way) and doesn’t come with hidden costs or unwelcome surprises. It’s time to take your business to the next level. Is Kabbage right for you?
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