Best Of
Kabbage has paused lending, but you can compare Kabbage competitors that offer alternative options.
Kabbage is an online business lender that provides quick financing. Founded in 2009, Kabbage was an early leader in offering alternative business loans to small-business owners who didn't qualify for traditional bank loans.
Kabbage, which was acquired by American Express Co. last year, paused lending amid the coronavirus pandemic and focused on providing relief loans through the Paycheck Protection Program.
If you’re looking for quick funding and a fast application process, here are alternatives to Kabbage loans.
11.00 - 61.90%
600
Pros
Cons
Qualifications:
15.00 - 78.00%
600
Pros
Cons
Qualifications:
10.10 - 79.80%
600
Pros
Cons
Qualifications:
| Lender | Est. APR | Min. Credit Score | Next Steps |
|---|---|---|---|
OnDeck - Line of credit | 11.00 - 61.90% | 600 | See Your Loan Options
with Fundera by Nerdwallet |
BlueVine - Line of credit | 15.00 - 78.00% | 600 | See Your Loan Options
with Fundera by Nerdwallet |
Fundbox - Line of credit | 10.10 - 79.80% | 600 | See Your Loan Options
on Fundbox's secure website |
Kabbage offered lines of credit up to $250,000 with short repayment terms (six, 12 or 18 months) and high annual percentage rates of up to 99%. Kabbage was a good option for borrowers with less-than-stellar credit and for those who needed short-term financing.
Here's how Kabbage competitors compare.
OnDeck, a major Kabbage competitor, offers short-term business loans and lines of credit.
OnDeck is best for small businesses that need quick funding and don’t mind daily or weekly repayments.
In exchange for convenience and looser qualifications than most banks, you could pay high interest rates. For term loans, annual percentage rates ranged from 16.9% to 99.4%, while for lines of credit, APRs ranged from 23.9% to 56.9%, according to OnDeck’s financial filings
» MORE: Kabbage vs. OnDeck
As another alternative to Kabbage loans, BlueVine is best known for offering invoice factoring, which turns unpaid invoices into fast cash. Invoice factoring is best for businesses that work with other businesses.
The lender also offers lines of credit. Similar to Kabbage, BlueVine’s credit lines have short repayment terms, so they’re best for short-term needs like managing cash flow.
BlueVine’s credit line APRs range from 15% to 78%.
Fundbox also offers business lines of credit if you need cash fast.
Compared with BlueVine, Fundbox’s funding tops out at $150,000. If you need a larger sum, BlueVine offers a line of credit up to $250,000. (OnDeck maxes out at $100,000).
Fundbox’s APRs are comparable with OnDeck and BlueVine, ranging from 10% to 79%.
» MORE: BlueVine vs. Fundbox
To recap our selections...