Line of Credit by Kabbage

Line of Credit by Kabbage

Kabbage Funding™ is a registered trademark of American Express offering a Line of Credit/LOC that allows qualified customers to make withdrawals. Total line is determined at application and constantly monitored and re-assessed. When funds are withdrawn from the line, a loan is created. The loan has short-term repayment options (subject to eligibility).

Nav's Verdict

Cost
20% Complete
LowHigh
Effort to Apply
10% Complete
EasyDifficult
Funding Speed
10% Complete
MonthsMinutes
Repayment Terms
30% Complete
MonthsYears

8/10

Bottom Line

Kabbage Funding™ is a registered trademark of American Express and is a great solution for small business owners looking for a flexible line of credit option with an easy application process.

Pros

Fully digital onboarding journey, approval decision in minutes. Payback an equal portion of the principal with a fee for each month you have a balance

Cons

Shorter repayment terms, costs vary based on your risk profile.

Qualification requirements

Monthly Revenue

At least $3,000 in Monthly Revenue

Time in Business

At least 12 months in business

Personal Credit Score

Minimum 640 personal credit score

Application requirements

Cashflow

Personal and business financial information

Cost
2-27% of the life of the loan
Repayment Terms
Monthly payments for 6, 12, or 18 months
Funding Amount
$2000 - $250,000
Funding Speed
Funds deposited within 3 business days once approved
Application
All digital

Reviews

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