Kabbage is an online business lender that provides quick financing compared to banks and credit unions. 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. Currently, Kabbage offers a business line of credit, as well as a business checking account and payment processing service.
If you’re looking for quick online funding and a streamlined application process, here are alternatives to Kabbage loans.
How much do you need?
We’ll start with a brief questionnaire to better understand the unique needs of your business.
Once we uncover your personalized matches, our team will consult you on the process moving forward.
Here are 4 kabbage competitors
Lender | NerdWallet Rating | Max loan amount | Min. credit score | Next steps |
|---|---|---|---|---|
OnDeck - Line of credit with Fundera by NerdWallet | 5.0/5 | $100,000 | 625 | with Fundera by NerdWallet |
Bluevine - Line of credit with Fundera by NerdWallet | 5.0/5 | $250,000 | 625 | with Fundera by NerdWallet |
Fundbox - Line of credit with Fundera by NerdWallet | 5.0/5 | $150,000 | 600 | with Fundera by NerdWallet |
Kabbage - Line of credit on Kabbage's website | 4.5/5 | $250,000 | 640 | on Kabbage's website |
Here are 4 kabbage competitors
OnDeck - Line of credit
Max Loan Amount
$100,000
Min. credit score
625
Est. APR
29.90-65.90%
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.
May fund quickly
Max loan
$100,000
Min. Credit score
625
Apr range
29.90-65.90%
Bluevine - Line of credit
Max Loan Amount
$250,000
Min. credit score
625
Est. APR
20.00-50.00%
Bluevine's line of credit provides fast working capital for short-term borrowing needs.
May fund quickly
Max loan
$250,000
Min. Credit score
625
Apr range
20.00-50.00%
Fundbox - Line of credit
Max Loan Amount
$150,000
Min. credit score
600
Est. APR
10.10-79.80%
Fundbox offers a business line of credit to fill a cash-flow gap, and qualifying is easier than with other lenders.
May fund quickly
Max loan
$150,000
Min. Credit score
600
Apr range
10.10-79.80%
Kabbage - Line of credit
Max Loan Amount
$250,000
Min. credit score
640
Kabbage loans are a good option for business owners with fair credit who want quick access to working capital.
Max loan
$250,000
Min. Credit score
640
How Much Do You Need?
Kabbage offers lines of credit up to $250,000 with short repayment terms (six, 12 or 18 months). Instead of traditional interest, Kabbage charges monthly fees depending on your loan's term.
Total monthly fees incurred over the loan term range are:
- Six-month term: 2% to 9%.
- 12-month term: 7.5% to 18%.
- 18-month term: 15.75% to 27%.
Kabbage is a good option for borrowers with a FICO score of 640 or higher and for those who need 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 rate range from 29.9% to 97.3%, while for lines of credit, APRs range from 29.9% to 65.9% (based on loans originated in the half-year ending March 31, 2022).
» MORE: Kabbage vs. OnDeck
As another alternative to Kabbage loans, Bluevine 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 also maxes out at $100,000.)
Fundbox’s APRs are comparable with OnDeck and Bluevine, ranging from 10% to 79%.
» MORE: Bluevine vs. Fundbox
Last updated on November 24, 2021