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The Best Kabbage Alternatives

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Kabbage is an online lender known for its extremely quick application process and convenient loan products. The lender’s always-accessible online interface and low barrier to entry mean that Kabbage is often a favorite for businesses that are not interested in (or not qualified for) more traditional business funding. Plus, Kabbage’s line of credit-style loans grant borrowers more flexibility in how they use their funds and how much they can borrow at any given time.


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However, Kabbage also has some downsides. For one, the product can be expensive — borrowing fees and APRs are higher than those of most comparable products. Furthermore, the fees are front-loaded, so there’s very little chance of saving money by repaying early. For more details about the pros and cons of Kabbage, check out our full review.

In the meantime, it doesn’t hurt to check out your alternatives, whether you’re looking to make some comparisons with other lenders, want to move on from Kabbage, or have some other reason. Plenty of other lenders offer similar financial products.

The companies listed below all offer financing similar to Kabbage’s loan. Read on to learn about the best alternatives to Kabbage!

1) OnDeck

OnDeck provides lines of credit and term loans; borrowers may be eligible for one or both of these products. For the lines of credit, businesses might be eligible for credit facilities up to $100,000. For the term loans, businesses may be eligible for up to $500,000.


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OnDeck might be the right lender for you if you have an established business but don’t have a great credit score. As long as you meet the time in business and revenue requirements, OnDeck might be able to lend to you even if your credit score is as low as 600. With lines of credit and term loans available, OnDeck can meet the needs of many businesses.

Like Kabbage, OnDeck is sometimes criticized for high borrowing fees. But while the rate of borrowing can be high for their term loans, the lines of credit have very competitive rates. Qualified applicants will receive a rate that is between 11% and 63.2%, which is competitive with similar lenders on this list. Naturally, the rate you’re personally offered will depend on the strength of your application.

OnDeck is known for its extremely fast turnaround time—the application process generally takes less than 24 hours, plus a couple business days for the funds to hit your bank account.

2) Fundbox

Much like Kabbage, Fundbox is an online lender that offers fast, automated application processes. Originally, Fundbox offered financing on unpaid invoices, but the lender now offers lines of credit in addition to that service.


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Fundbox is even easier to qualify for than Kabbage. All you have to do to qualify is have a compatible business bank account for at least three months or compatible accounting/invoicing software for at least two. You also must make at least $50,000 annually. This lender does not require a specific credit score, but it does check your credit to help with lending decisions.

To check your eligibility, you just need to create an account, answer a few questions, and give Fundbox read-only access to your accounts. The application is automated, so you can typically find out your eligibility and rates within a few minutes.

In other words, if you have a young business and don’t qualify for other lenders, Fundbox is definitely worth checking out. As you might expect, this lender tends to offer lower credit facilities and have higher fees than some other lenders, so it won’t work for all businesses. Nonetheless, it’s worth checking out if you own the right type of business.

3) LoanBuilder

LoanBuilder is a lending service offered by PayPal. Although LoanBuilder does not offer lines of credit, borrowers benefit from a fast application process and customizable terms. This lender offers short-term loans up to $500,000 with term lengths of 13 – 52 weeks.


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Due to its fast application process and relatively low borrower requirements, LoanBuilder is a good choice for borrowers who need money quickly, especially if you don’t have perfect credit or a long business history. LoanBuilder allows businesses to check if they’re pre-approved for a loan in a few minutes. If approved, borrowers can customize their desired borrowing amount and term length.

LoanBuilder rates fall between 2.9% and 18.72% of the total borrowing amount. The fee is repaid in installments along with the principal. Aside from the borrowing fee, LoanBuilder doesn’t charge other fees such as origination or application fees.

4) BlueVine

BlueVine is known for invoice factoring, but it offers lines of credit as well. While only B2B businesses that invoice their customers will be eligible for invoice factoring, both B2B and B2C businesses are eligible for lines of credit.


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BlueVine doesn’t require that businesses have a long operating history, but you must have at least fair credit and make at least $120,000 per year to qualify. Currently, BlueVine is not able to offer lines of credit to businesses in some states, so you’ll need to confirm that your state isn’t on that list before getting too excited.

With APRs that currently range from about 15% to 78%, this lender has rates similar to Kabbage.

It’s hard for any lender to compete with the speed and ease of Kabbage’s application and funding process (which usually only takes a few minutes). Still, BlueVine comes close; typically, the time to funding is around 24 hours.

5) Fundation

Fundation recently started offering lines of credit in addition to its business term loans. Like most of the lenders on this list, Fundation’s lines of credit max out at $100,000. The term loans have a maximum of $500,000.

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Fundation is one of the most difficult lenders on this list to qualify for. If you do qualify, however, you’ll benefit from lower rates and fees than you’d be able to find elsewhere. With APRs that range from 7.99% to 29.99% for both term loans and lines of credit, Fundation’s rates tend to be lower than Kabbage’s, and a little better than most of the other lenders listed here.

Fundation’s application process takes a little longer than that of others on this list, but it’s still very quick. In general, the time from application to funding is less than a week.

6) StreetShares

StreetShares offers term loans, lines of credit, and contract financing (a non-loan service similar to invoice factoring). For term loans and lines of credit, businesses can borrow up to 20% of their annual revenue, with a limit of $100,000.



If you’ve been in business at least 2 years and have at least fair credit, StreetShares is a lender worth considering. With three different products available, StreetShares can accommodate most business situations. And thanks to APRs that range from 7% to 39.99% for both loan options, StreetShares rates tend to be lower than those of other lenders on this list.

The initial application and setup process may take a little longer than it does with Kabbage, but is generally completed in less than a week.

Not Sure Where To Start? Try Lendio

All six of the above lenders offer high quality, fast business loans that are suitable for many business purposes. But what if you can’t choose between them? Give Lendio a try.


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Lendio is a business loan matchmaker that will shop your loan request around to its partners for you (including many of the above lenders). If you are eligible, Lendio will give you the best offers. Because it works with multiple partners, you can compare multiple offers before deciding on a loan product. Lendio does not charge any direct fees for its service. Instead, it receives compensation from its partner lenders.

Lendio promises that it will bring you eligible matches within 72 hours of applying. When you have chosen an offer, the rest of the application process will vary depending on the loan you are applying for. Because of the possible 72 hour delay, you might be able to get money more quickly by applying directly to a lender. However, if you have the time, using Lendio can eliminate a lot of legwork.

Final Thoughts

Your Kabbage alternative of choice will depend significantly on how established your business is, how quickly you need funding, what your credit score is, and more. Hopefully, the information about the lenders above will start you off on the right foot, but if you didn’t find anything that suits your fancy, your next stop might be our small business loan comparison page.

Have you found a quality alternative to Kabbage that isn’t listed above? Leave a message in the comments!

Bianca Crouse

Bianca Crouse

Bianca Crouse has been writing about business loans and finance for three years. In addition to Merchant Maverick, she has appeared in Startup Nation and, among others. She has a BA in English from George Fox University and lives in the Pacific Northwest.
Bianca Crouse
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