Kabbage - Small Business Loans Reviews
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These reviews were written by current and former borrowers in the last year.
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**Annual Percentage Rates, terms of loan, and monthly payments presented are estimated and were created based on analysis of information provided by the consumer and available rate information from lenders. While efforts have been made to maintain accurate information, the loan information is presented without warranty and the estimated APR or other terms presented do not bind any lender. Lenders generally have a range of available APRs (for example, a lender’s range might be 2% to 12%) and only borrowers with excellent credit will qualify for the lowest rate available. Your actual APR will depend upon factors evaluated at the time of application, which may include credit score, loan amount, loan term, vehicle information, credit usage and history. All loans are subject to credit review and approval. Additionally, model year, loan-to-value, minimum loan balance mileage, income, debt, etc. restrictions may apply. When evaluating offers, please review the lender’s Terms and Conditions for additional details.
Will leave you hanging!
When you need them the most Kabbage will turn it's back on you
Doesn't matter if you paid on time every month. During the COVID-19 crisis while the rest of the world tries to help others out Kabbage decides to run . They have "temporarily" suspended my account along with many other businesses who would mostly likely need the funds during these trying times. How can this soulless company do something like this. Kabbage is not a loyal trustworthy company. Once I've paid of my outstanding loan I will start looking elsewhere.
Shame on them for Coronavirus Response
Similar to others in this pandemic response. As a result of the Corona virus, even though I made the payment and show credit available, it says "You are not currently eligible to take a Kabbage loan." When I called customer service they even specified that it was because of the outbreak. Even though I am cash flow positive and have never been late or missed a payment, I can't access the credit line, even though I have available funds.
Shame on you Kabbage. You will recieve funds from the federal government and they SPECIFICALLY provided a backstop for lenders. Shame on you..
Same as the experience as other during the Corona outbreak. Paid my March payment ontime and line reduced so that no more money is accessible. I hope the press gets hold of this.
A lender to destroy small business
Do not use this company. During the Coronavirus crisis they cut credit limits drastically and left small businesses hanging when they needed it the most. They are intentionally trying to make businesses fail.
Great customer service by Matthew T
Thank you Matthew.
The service was quick, efficient, and helpful.
Right on time success
Diane L. From the Kabbage support team was extremely helpful in assisting me with my loan payment. I appreciate you patience, your follow up and kindness. I plan to obtain another loan for my business early next year from Kabbage and recommend everyone to the company.
Horrible experience
Just a few months into the loan and with nearly 80% paid back we switched bank accounts. This caused a re-review of the account and they froze the credit line. With financial obligations already committed, we are in a serious bind. Zero compassion, zero concern. The worst part was the pleasure the customer service person seem to a derive from the position this was putting us in. I realize they don’t care but that’s a level above. That’s some seriously twisted stuff!