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Kabbage is a financial lender for small businesses. The company is based in Atlanta, Georgia and has provided over $3 billion to more than 100,000 businesses since it was launched in 2009. All Kabbage business loans are made by Celtic Bank, a Utah-chartered industrial bank.

How Does Kabbage Work?

Kabbage provides businesses with a line of credit they can access if and when needed. Companies are only charged for the money they withdrawal not the entire line of credit.

To apply borrowers must create an online account and complete a short application form. Kabbage bases approval and the amount of money it provides for a line of credit on real life financial data, not just on personal credit scores. Therefore, applicants must grant access to their business checking accounts or other payment platforms, such as PayPal, Amazon, eBay, and Etsy.

What Are The Interest Rates?

Instead of interest rates, Kabbbage loans charge a monthly fee for every month you have a balance. Fees range from 1.5% to 10% of the loan amount. That's the equivalent of 20% to 99% APR. To illustrate, a $10,000 loan with a six-month term would cost the average borrower $1,200 in fees. This is the equivalent of 40 percent APR. A $100k loan with a one-month repayment term could cost $4,000 in fees, the equivalent of a 48% APR. There are no prepayment penalties so you can save money by paying early.

How Much Money Can I Borrow?

Lines of credit range from $2,000 to $150,000.

Which States Does Kabbage Operate In?

Kabbage operates in all 50 states.

What Is the Application Process Like?

Kabbage's application process is as fast and straightforward to complete. The entire transaction, from filling the loan application to receiving the funds can take as little as 10 minutes. Kabbage determines eligibility and how much cash a business can qualify for based on factors such as their seller rating, time in business, the number of transactions, and revenue.

How Is Kabbage Better than Other Lenders?

Kabbage is faster than most other business loan providers. While traditional banks can take weeks or months to process a loan, Kabbage reviews the data through their automated online application to quickly approve small businesses for flexible lines of credit of up to $150,000. Kabbage's typical fees are the equivalent of 40 percent APR, which may seem expensive when compared to traditional bank loans, but is competitive when you look at the rates charged by alternative sources of credit for small businesses.

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Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Origination Fee  
No Prepayment Fee  
Credit Score Range 300 - 850
850 300
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Non-Military
  • Veterans
Minimum Months in Business 12
Minimum Revenue $50,000
Verification Documents Required
  • Proof of Identity
  • Proof of Income
Loan Amount $500 - $250K
Loan Term (Months) 6 - 12
APR 20% - 99%



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