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Kabbage Competitors: Compare Alternatives 2021

Kabbage is not currently lending to new customers, so here are some alternative options.

Hanah ChoJanuary 25, 2021
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

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. As of July 2021, it is lending to existing Kabbage and American Express customers.

If you’re looking for quick funding and a fast application process, here are alternatives to Kabbage loans.

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OnDeck - Line of credit

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Est. APR

11.00 - 61.90%

Depending on your creditworthiness and your business's financials

Min. Credit Score

600

OnDeck offers a fast line of credit for small-business owners with less-than-stellar credit who need to manage cash flow or buy inventory.

Pros

  • Cash can be available within the same business day.
  • Requires low minimum credit score.
  • Less paperwork than most lenders.

Cons

  • Fixed-fee structure means early repayment will not save interest.
  • Requires weekly repayments.
  • Requires personal guarantee.
Read full review

Qualifications:

  • Minimum credit score: 600.
  • Minimum time in business: 1 year.
  • Minimum annual revenue: $100,000.
  • No bankruptcies in the past 2 years.
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BlueVine - Line of credit

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Est. APR

15.00 - 78.00%

Depending on your creditworthiness and your business's financials

Min. Credit Score

600

BlueVine's line of credit provides fast working capital for short-term borrowing needs.

Pros

  • Cash can be available within 12 to 24 hours.
  • Multiple term lengths for different financing needs.

Cons

  • Short repayment term results in higher payment amounts.
  • Requires personal guarantee.
  • Not available in North Dakota, South Dakota or Vermont.
Read full review

Qualifications:

  • 6-month line of credit:
  • Minimum credit score: 600.
  • Minimum time in business: 6 months.
  • Minimum annual revenue: $120,000.
  • 12-month line of credit:
  • Minimum credit score: 600.
  • Minimum time in business: 6 months.
  • Minimum annual revenue: $120,000.
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on Fundbox's secure website

Fundbox - Line of credit

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on Fundbox's secure website

Est. APR

10.10 - 79.80%

Depending on your creditworthiness and your business's financials

Min. Credit Score

600

Fundbox offers a business line of credit to fill a cash-flow gap, and qualifying is easier than with other lenders.

Pros

  • Cash can be available by the next day.
  • Low minimum credit score requirement.

Cons

  • Rates are high compared to traditional banks.
Read full review

Qualifications:

  • Minimum credit score: 600.
  • Minimum time in business: 6 months.
  • Minimum annual revenue: $100,000.

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Summary of Kabbage Competitors: Compare Alternatives 2021

LenderEst. APRMin. Credit ScoreNext Steps

OnDeck - Line of credit

11.00 - 61.90%600
See Your Loan Options

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BlueVine - Line of credit

15.00 - 78.00%600
See Your Loan Options

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Fundbox - Line of credit

10.10 - 79.80%600
See Your Loan Options

on Fundbox's secure website

Kabbage offers lines of credit up to $150,000 with short repayment terms (six, 12 or 18 months) and APRs ranging from 9% to 36%. Kabbage is only lending to existing customers at present, but it's a good option for borrowers with fair credit and for those who need short-term financing.

Here's how Kabbage competitors compare.

1. OnDeck

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

2. BlueVine

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%.

3. Fundbox

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%.

Last updated on July 15, 2021

To recap our selections...

NerdWallet's Kabbage Competitors: Compare Alternatives 2021

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