Last Updated: 06/21/2025
SuperMoney User Recommendation Score +13
Mostly recommended8 total votes
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Highlights
Community Rating
Mostly recommended
Amount Range
$1,000 - $150,000
APR (Fixed APR)
9% - 36%(Verified 06/21/2024)
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Loan Term (Months)
6 - 18
Number of Reviews
Kabbage Business Loan Review
Kabbage SBA loans is a business financing offering by Kabbage, based in Atlanta, GA. Founded in 2008, Kabbage offers access to small business loans in 50 states (and Washington, DC).
Kabbage SBA loans FAQ
What are Kabbage SBA loans rates?
Kabbage SBA loans offers a fixed APR business financing product that ranges from 9% APR up to 36% APR.
Does Kabbage SBA loans charge an origination fee?
No, Kabbage SBA loans does not charge a loan origination fee. A loan origination fee is what some lenders charge for processing, underwriting, and funding a business loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.
Does Kabbage SBA loans charge prepayment fees?
No, Kabbage SBA loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the business loan off early.
How much can you borrow from Kabbage SBA loans?
Business loan amounts start at $1,000 and go up to $150,000.
What is the maximum business loan term you can get with Kabbage SBA loans?
Kabbage SBA loans offers small business loans with terms ranging from 6 to 18 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What do you need to qualify for Kabbage Business Loan?
Kabbage Business Loan requires companies to be in business for at least 12 months. Businesses must have a minimum annual revenue of $50,000 to be considered.
When it comes to credit scores, Kabbage Business Loan doesn't have a set minimum or maximum. People with all types of credit scores can apply.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Kabbage Business Loan.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Proof of identity
Does Kabbage Business Loan report your account activity to credit bureaus?
Yes, Kabbage Business Loan reports to the following credit bureaus:
- Equifax
- Experian
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does Kabbage perform a hard credit pull?
Yes, Kabbage SBA loans performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
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What We Love About Kabbage Loans
Kabbage will provide business loans and working capital to companies of all sizes, regardless of their credit score or available assets. Essentially, the company has used AI to assess the creditworthiness of even the smallest companies, including the one-man eBay operation, and they understand that cash flow is the biggest issue in small business. As such, they’ve worked to create a lending solution to help all companies get the funding they need quickly and easily.
All companies need to do is prove they have been in business for at least one year and show that they generate enough revenue to qualify. Once the approval has been made, borrowers can take what they need and only pay for what they use.
What Could Kabbage Do Better?
The terms and fees involved in a loan from Kabbage are what stop most people. After all, even though they are reasonable, you are paying a premium here because you’re getting quick, credit-less approval for business capital based on very little information. The company has to account for that risk somehow. Still, the company is focused on speed and simplicity, so that’s why people come to them and are often willing to pay a little more in the way of fees.
Kabbage's Backstory
Kabbage was founded in 2008 as Rob Frohwein noticed many small businesses using online marketplaces and payment providers that didn’t have many assets or a means of getting credit from traditional lenders. The company was founded using software that allows the brand to access consumer accounts in real-time to assess their financial health and creditworthiness. To date, they have processed over $3 billion in loans.
The Verdict
If you’re a small business or independent contractor in need of some quick cash, Kabbage Business Loans might be just what you need. The company doesn’t require a lot of credit or business collateral, and they’ll approve loans quickly and easily.
Still, you’d be prudent to check out all of your options for business financing before you choose one. Kabbage and other lenders can be compared to see which ones offer the ideal solution, and you can even check out lender reviews at the Supermoney.
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