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Founded: 2008

Location: Atlanta, Georgia

Website: www.kabbage.com

Our Review:

Overview: Kabbage, Inc. is a financial technology and data company that boasts a new, automated way for small businesses to access working capital. The application process is all online and automated, and businesses receive a quick response. Businesses can access ongoing lines of credit up to $250,000.

Loan/Cash Advance Amount 2K-$250K
Minimum monthly revenue $50K in gross annual revenue
Time in business NONE
Minimum credit score 550
Repayment terms Equal monthly installments during the repayment window of 6 or 12 months

Key Features:

  • Online approval process
  • Almost instant approval answer
  • Application gets linked to a business checking account or other online service
  • Kabbage reviews the data to determine if applicant meets requirements
  • Monthly revenue, transaction volume and credit score are considered
  • Must be in business for at least 12 months
  • Required minimum of $50,000 in annual revenue or $4,200 per month over the last three months
  • Payments consolidated into one due date each month
  • Funds can be used at discretion of business owner

Consider if:

  • You are a businesses which doesn’t know how much it needs to borrow
  • Business owners who need access to capital but don’t need to borrow money yet
  • Businesses with an unpredictable cash flow
  • Businesses who want to borrow money with fixed monthly payments
  • Businesses who have poor credit

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