Kabbage Company Information:
Location: Suite 1100, Atlanta, Georgia 30308
CEO: Rob Frohwein
Kabbage Social Media:
Kabbage is an online small business lender that was acquired by American Express in August 2020. During the pandemic, the company paused all lending to new customers, though they continued to help business owners apply for PPP loans. American Express has said that Kabbage will start lending again at some point in 2021.
Kabbage was previously focused on using data and technology to quickly analyze and make decisions for funding small businesses. Once approved and funded, businesses would pay back Kabbage using daily debit payments from their business bank account. Kabbage loans were generally short-term, with interest rates from 1.5% to 10% per month. This results in an APR for business owners that can be as high as 100%.
Kabbage Business Loan Reviews & Ratings
The reviews are generally positive for Kabbage, with strong ratings for their simple application and approval process. Their rates are far higher than you will find at banks but lower than many non-bank lenders.
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