Kabbage - Small Business Loans Reviews

1.4 out of 5 stars
17 Reviews

From Borrowers in the last year


Application Process

3.5 out of 5 stars

Customer Service

3 out of 5 stars

1.5 5

Compare Personal Loans

Check out rates on new loans or refinance an existing loan.


These reviews were written by current and former borrowers in the last year.

Dec 13, 2017
They are great until they are not!
LMMore Borrower

Our business got dependent on a Kabbage line of credit and they were great to work with until our business took a downturn. When they started making unauthorized withdrawals from our account we were done with them. Beware!

more ...
Nov 09, 2017
Do NOT Use Kabbage!
Anonymous Borrower

Dishonest.  Granted the loan, linked to bank accounts, and then said we could not access funds, but will not remove access to bank accounts.  

more ...
Sep 28, 2017
Scams you on fees
Anonymous Borrower

They purposely put the first payment due date out past the 30 day anniversary date so they can charge you 2 months worth of fees.  Most reputable companies have due date on the 30 day anniversary date or if they put it out past 30 days it's because it has a few day grace period without any additonal interest or fees charged.  Not this company, they tricked us into thinking that if we paid the loan off in full when first payment was due, we'd only pay 1 months $500 fee, however, they charged us $1000 (2 months x $500).  After fighting over they phone with them, they agreed to give us back the second $500 fee.  However, after waiting a week and not receiving a check or credit back into our bank account from which the payment was drawn from, I called them only to find out that they are only giving us $500 credit towards "future loan fees".  I think this is a shady company with shady business practices to cheat the consumer.  I would never recomend this company to anyone.  I'm trying to get my boss to close his Kabbage account because I beleive they are shady.

more ...
Sep 18, 2017
“Don't count on these guys to have your
Anonymous Borrower

I am a business owner in Clearwater Florida and I have been without power and internet for days. And for some time, cell service; due to hurricane Irma. It is Friday and I am still without power and internet. Luckily a family member got power and took me in. 

About mid week, when I was able to load emails - I was touched by the many emails from our vendors, creditors, and banks - offering support, but not Kabbage; here is what I received from them. "Based on the most recent review of your account, your line of credit has been adjusted to $1,000. This decision was made for the following reason(s): Unknown financial impact of your business being based in an area potentially impacted by a natural disaster" 

I had a $38,000 credit line. 

I own a Tree Care Company - I have received over 125 calls since Monday. I am now booked out for the next 2 months, and my business has "flawless" credit. 

I understand a business needs to protect themselves, but the way this was done was just wrong! I called Kabbage to ask what happens now. The rep was cold, robotic, and did not offer anything, other than - "yep, this is the way it is, and they will be reviewing accounts again in a couple months. I told him to just close the account and he did - with no hesitation, no compassion, no effort, nothing; like we simply didn't matter. 

Just plain bad business! They solicit me regularly to lend me money. I had this credit line in place, for emergency purposes. While I do not need the money - it's the point. 

You learn a lot about the people and the companies you deal with when something like this happens.

more ...
Aug 07, 2017
Heavily Front Loaded!
Anonymous Borrower

They want over 50% of the loan back in the first 2 month's. VERY heavily front loaded. The money you borrow doesnt even have time to work before you have to pay it back.

more ...

Was this review helpful?

1 Reply
Aug 08, 2017

They are terrible

May 24, 2017
Awful, Avoid at all costs
DavisSt Borrower

Tell you one thing, do another. If you enjoy NSF fees, you'll love Kabbage. They will not work with you, rather, attempt to draft what is not there until you have racked up hundreds (if not thousands) in NSF fees.

more ...

Was this review helpful?

1 Reply
Jul 23, 2017

Hello, thank you for your review. We completely understand your concern. We highly encourage our customers to be in communication with us if they ever reach a point where they feel that they might have some trouble making their monthly payment. As long as you call in advance of your payment, we will do everything that we can to work with you. Thank you!

May 08, 2017
Anonymous Borrower

This company will send your business into a tailspin! IF YOU VALUE YOUR BUSINESS, DO NOT USE THEM!! Believe me, I am suffering due to this company's unethical, dishonest dealings. First of all they give you a loan that sounds good, but is very vague. The next things you know, you have incredibly high monthly payments at an assinine interest rate. I contacted them to discuss the situation and an agent agreed to lower my payment for the next month, then without contacting me or getting my permission, they cancelled the agreed payment and took an arbitrary large payment. When asking for a reason, they beat around the bush and couldn't give me a straight answer. When I demanded a straightforward answer, they started threatening me with legal action. VERY BAD COMPANY!! AVOID THEM AT ALL COSTS!! I expect they will be in a major legal battle before long because I see many other similar reviews to mine.

more ...

Was this review helpful?

1 Reply
May 27, 2017

Did they blame it on a "system error"? That appears to be their number one excuse. Liars

Apr 17, 2017
Easy to apply, fast to deposit
Anonymous Borrower

It was easy to apply, and deposited really quickly into my account.  Also I now have an assigned Relationship Manager. 

more ...
Apr 13, 2017
Anonymous Borrower

We make well over $750,000 a year in revenue. Kabbage offers us a $6,000 credit line and we have used funds from here numerous times. They refuse to offer more money. On top of that, their fees are one of the highest in the industry. Don't waste your time!

more ...
Apr 11, 2017
Just avoid this lender!
Anonymous Borrower

I will keep this short and simple. Overall cost to borrow is very high, and this company requires the right to take your income directly in the event you are late due to a slowdown in sales. Lets say you use PayPal to process payments just for an example. If you are late, even if you have been proactive and worked with them before the due date, they start a total funds sweep of your PayPal account on a non-stop basis. If all goes well, business is good and you can make your payments, the worst issue is the high rates you pay once you calculate payments annually. If something goes wrong, you will wish you never dealt with this lender. 

more ...
Add a Review

Add Your Review

I Own It I Had It I Applied

Please state your experience.

How would you rate this loan overall?

Please select a rating

What should others know about this loan?


How was application process?

How was customer service?

Join the Credit Karma Community

It’s free, and you’ll get tools and info that can help you improve your financial health:

  • Credit scores and reports
  • Credit monitoring
  • Personalized recommendations

**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.