I've been using Kabbage for about 2 years now. I have never had a problem with them. The process is simple as 1-2-3-. You borrow money - it needs to be paid back. Beggars can't be choosers and if you choose to borrow some of their money know the rules. I went from $500 to $31,000 in a few months. I've never borrowed more than $6000 - didn't need to. I haven't borrowed money from them in months. I'm self sufficient now and don't have a true need to borrow. This is where you want to be..If kabbage offered better terms for long time users/members I would consider using them more often, but at this point it's cheaper to take out a small, short-term bank loan. If any out there has had a bad experience with Kabbage I have to say "shame on you". It pays to read a little.
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I am a small business owner with an Etsy shop. I applied for Kabbage, was approved and took out a $500 cash advance. I was fully aware of my payment schedule and fees and it helped me get the supplies I needed to grow a little more. This is where I have the problem though. I paid off my Advance EARLY and then was immediatly told "You are not currently eligible to take a Kabbage advance". It has been months and I still can't get another advance even though I established a good credit history with them by paying off early and my sales have been steady. I called and spoke to a representative and they could not give me any answers as to why my account was shut down. I really thought this was a good way for me to grow my business little by little, guess I was wrong. =(
Kabbage is an online financing corporation that provides working capital to small businesses. The online application process only takes minutes, making it quick and convenient. Loan amounts range from $500-$50,000 with 24 hour access to your funds.
Founded in 2009, Kabbage is based in Atlanta, Georgia, with offices now in San Francisco as well as the United Kingdom. Kabbage was named a Red Herring 100 North American Winner as well as one of the Top 10 most innovative Companies in Finances.