Kabbage - Small Business Loans Reviews

4.5 out of 5 stars
32 Reviews

From Borrowers in the last year

ADDITIONAL RATINGS YOU MIGHT FIND HELPFUL

Application Process

4 out of 5 stars

Customer Service

4 out of 5 stars

4.5 5

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1 star reviews (3) See All

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

Dec 14, 2018
Incompetent Scammers

RUN don't walk from these scammers. I've had several rounds of funding and am eligible for more. I changed my bank account last month. Did it online. Called them to confirm it was done and to remove info on the old account. They submitted an auto debit from the old account, changed me $100 for their error. This month for security reasons I had to open yet another new biz checking account. Had no problem updating info for electric bill, car payment, AMx, Venmo, etc - but these folks have an antiquated system that's says "You have already added all accounts from Wells Fargo, please search for a different bank." When I called and emailed repeatedly to resolve I was told for their system to update. It's been weeks and again this month they pulled money from a closed account. They VEHEMENTLY refuse to refund this $200 back to my account and refuse to delete an old account. Again - a billion percent THEIR error.

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May 17, 2018
A "technology company"
yhyhyhkt Borrower

They call themselves a "technology company." That's because their main goal is to collect your data. They will not protect your data or erase it even if you close the line of credit. Beware of this company and their lack of respect for users' data.

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Mar 30, 2018
Working Capital
Winters94 Borrower

Be aware, Kabbage does not  disclose the "monthly fee" upfront - this is an additional charge above and beyond the interest rate.

When you sign up, it appears you are getting a decent rate (about 10% on your first loan) when in reality it is more like 35%.

I would not recommend them. The best I have seen so far is Lending Club they are very honest and fair priced.

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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.