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The company has garnered significant criticism for its customer service, particularly regarding the handling of PPP loans, with many customers reporting unresponsive support and frustrating experiences in accessing funds. While some reviews highlight the ease of obtaining loans, the high fees and unfavorable terms have led to perceptions of predatory lending practices. Positive feedback is limited, primarily centering on individual staff members who provided assistance. Overall, the sentiment reflects deep dissatisfaction with the company's operational reliability and support, raising concerns about its commitment to small business clients and the integrity of its lending practices.
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I''ve used my Kabbage Line of Credit for my business. I'm very grateful to have this money but it's very difficult to pay it back. It would be more realistic to have a longer payout time even if it costs more in interest.
Very professional all around... Can read between the lines... website easy to use, always available for questions
Kabbage is so easy to deal with. When I need money for an inventory purchase, it is usually there in under 10 minutes. Kabbage has helped me grow my business, making it easy to get the inventory I need to increase sales.
Application was quick, access to funds were quick, very good customer service
It was very quick to fill out the forms, and to get the funding.
I will definitely recommend Kabbage to other business owners.
Kabbage has been an excellent business partner allowing us to continue our cash flow -- truly, we had our best year of business!
Kabbage was a simple, yet direct way to procure the funding for seamless cash flow. We highly recommend it for the self-employed businessman.
It will be more benefits if you can Increase credit amount for customers based on time they have been with the company and their payment history. It's not necessary that only linked network can determine amount for existing customer in good standing
Kabbage has been a great resource for the cash flow of my business.
Kabbage allowed me to take my business to the next level with an infusion of cash that was just the boost needed to get on top of things. Running a small business can be tough when accounts payable arrive and are due before accounts receivable are deposited. Thanks Kabbage your payback plan worked perfectly for me
Very simple and easy. Nothing better out there. Thanks Guys.
The process is very straightforward and I received an appropriate line of credit. When I opted to use it, the funds were delivered promptly... the rates are high compared to an interest based loan
I have has a good experience. I wish there was some kind of pay down program the was longer than 6 months.
We have been very pleased with Kabbage, at this point we don't even use our credit lines from our bank. Kabbage is much faster and easier. We can't wait until they add a product for business acquisitions.
I own a small online business and Kabbage has made my life a little easier. Their customer service is the best. Always courteous and helpful. Would definitely recommend their services.
Your Company is very professional and gives me instant flexibility for my business needs.
Every time i run into a snag and need an extension they have been fully cooperative. Recommend this company highly
Kabbage has been excellent. The only downfall is they dont update your account info as much as they should.
It was easy to get financing for my inventory with Kabbage. I just selected the amount I needed and in a few clicks the money was on its way.
Answer: I definitely would not recommend Kabbage to anyone, but especially to someone starting a new business. The interest and fees will kill your new business before you've even had a chance to get it started. I own a small business (2 employees, $200K in annual sales) that is over 15 years old, and the Kabbage loan I took out for $25K for an expansion nearly bankrupted my business. There are better ways to find funding for a new business - grants are out there for women who want to start a business, you can try your luck at crowdfunding (look at Kickstarter, Indiegogo, Rocket Hub, Crowdrise, Angellist, Quirky, and others), approach local friends or family members who would like to invest in your business (you can use ZimpleMoney, com to keep track of their loan payments). Kabbage is a stupid and dangerous way to start up a business. Only a complete idiot would do that.
Answer: Thanks for your question, John. Kabbage's loans are fundamentally different in structure from a traditional loan. Interest isn't charged on the loan balance, and a customer can pay a loan back early and save on future fees. We encourage you to take a look at our "How it Works" page on our website for help understanding the fee structure. If you have any questions not answered there, you can give us a call at 888-986-8263. Thanks for getting in touch!
Answer: Hi Jessica, you can go on their site and enter the amount you want to "borrow" and Kabbage will give you this information up front before you agree to receiving the cash. I borrowed $21,000 and paid nearly $8,000 in interest and fees. It HURT my business, very much! I strongly encourage you to try other companies or look to local lending networks or a local bank.
Answer: It's based on them having access to your bank account through you online banking. You need to provide your institution and password so they have full access to your account. They are not trustworthy. Do not allow them access to that information.
Kabbage provides automated, online financing to small businesses in minutes.

