Advertiser Disclosure

🏦 Get funded today with one of our top 5 lenders for 2021

The 7 Best Alternatives To Kabbage Small Business Loans

  • No comments
  • Updated on:
Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.

Kabbage is an online lender known for its speedy application process and convenient loan products. Its always-accessible online interface and low barrier to entry make Kabbage a frequent favorite for businesses not interested in (or not qualified for) more traditional 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.

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.

Kabbage



Visit Site

Read our Review

Of course, one big reason you may be looking elsewhere for a loan is that due to the chaotic economic climate we’re experiencing due to COVID-19, Kabbage is not lending at the moment.

Whether you’re looking to compare other lenders, you want to move on from Kabbage, or some other reason, it doesn’t hurt to check out some Kabbage competitors. Plenty of other lenders offer similar financial products.

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

Learn More About Our Top Picks

CompanySummaryNext StepsSummary

Read More

OnDeck may be the right lender for you if you have an established business but don't have a high credit score.
OnDeck may be the right lender for you if you have an established business but don't have a high credit score.

Apply Now

Read More

Read More

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.
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.

Apply Now

Read More

Read More

Much like Kabbage, Fundbox is an online lender that offers fast, automated application processes. Initially, Fundbox provided invoice financing, but the lender now offers lines of credit in addition to that service.
Much like Kabbage, Fundbox is an online lender that offers fast, automated application processes. Initially, Fundbox provided invoice financing, but the lender now offers lines of credit in addition to that service.

Visit Site

Read More

Read More

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.
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.

Visit Site

Read More

Read More

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.
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.

Apply Now

Read More

Other Featured Options:

  • Funding Circle: Funding Circle offers term loans of up to $500,000 and lines of credit of up to $100,000. Merchant cash advances, invoice factoring, and working capital loans are also offered.
  • 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.

Read more below to learn why we chose these options.

The 7 Best Kabbage Competitors

If you’ve decided that Kabbage isn’t right for you, or you want to take a look at your other options before choosing a lender, the following seven lenders are for you. Take a look at the best loans like Kabbage available to small businesses right now.

1. OnDeck

OnDeck



Apply Now

Read our Review

If you’re looking for sites like Kabbage, you’ll find that 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 qualified for credit facilities up to $100,000. For the term loans, businesses may be eligible for up to $250,000.

OnDeck might be the right lender for you if you have an established business but don’t have a high 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 sometimes gets 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 57.9%, which is competitive with similar lenders on this list. Naturally, the rate offered to you will depend on the strength of your application.

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

Get Started with OnDeck

Read our in-depth review

Jump back to comparison chart

2. Lendio

Lendio



Apply Now

Read our Review

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.

Get Started with Lendio

Read our in-depth review

Jump back to comparison chart

3. Fundbox

Fundbox



Visit Site

Read our Review

Those looking for companies like Kabbage will likely encounter Fundbox. Fundbox is an online lender that offers fast, automated application processes. Initially, Fundbox provided invoice financing, but is currently only offering lines of credit.

All you need to qualify for a Fundbox line of credit is to have had 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 $100,000 annually and have at least six months of business history. 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. Fundbox currently offers lines of credit of up to $150,000.

In other words, if you have a young business and don’t qualify for other lenders, Fundbox is 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.

Get Started with Fundbox

Read our in-depth review

Jump back to comparison chart

4. Fundation

Fundation



Visit Site

Read our Review

Fundation recently started offering lines of credit in addition to its business term loans. Fundation’s lines of credit max out at $150,000; the term loans have a maximum of $500,000.

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.

Read our in-depth review

Jump back to comparison chart

5. BlueVine

BlueVine



Apply Now

Read our Review

BlueVine is known for invoice factoring, but it now 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.

BlueVine’s invoice factoring service doesn’t require that businesses have a long operating history, but you must have at least a 530 FICO score, have at least 3 months of business history, and make at least $10,000 in monthly revenue 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. As for the lines of credit, you’ll need a FICO score of 650 or higher, 2+ years in business, and at least $40,000 in monthly revenue.

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.

Get Started with BlueVine

Read our in-depth review

Jump back to comparison chart

6. Funding Circle

Funding Circle



Visit Site

Read our Review

Funding Circle offers a variety of loan types, including term loans, merchant cash advances, business lines of credit, invoice factoring, and working capital loans.

You can potentially get up to $500,000 with a Funding Circle term loan. Term lengths run from 3 months all the way up to 10 years. Funding Circle’s lines of credit go up to $100,000 and sport rates starting at 10.99%.

Funding Circle’s loan products require that you have at least 2 years in business and a credit score of at least 660.

Read our in-depth review

Jump back to comparison chart

7. LoanBuilder

LoanBuilder



Visit Site

Read our Review

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.

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

Read our in-depth review

Jump back to comparison chart

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. 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!

In Summary: The 7 Best Kabbage Competitors

  1. OnDeck: OnDeck may be the right lender for you if you have an established business but don't have a high credit score.
  2. Lendio: 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.
  3. Fundbox: Much like Kabbage, Fundbox is an online lender that offers fast, automated application processes. Initially, Fundbox provided invoice financing, but the lender now offers lines of credit in addition to that service.
  4. Fundation: 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.
  5. BlueVine: 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.
  6. Funding Circle: Funding Circle offers term loans of up to $500,000 and lines of credit of up to $100,000. Merchant cash advances, invoice factoring, and working capital loans are also offered.
  7. 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.
Bianca Crouse

Bianca Crouse

Bianca is a content strategist and SEO from the Pacific Northwest. She loves SEO, UX, and making sure readers can find the information they need. She is currently pursuing a Master's in Information Science from San Jose State University.
Bianca Crouse
Leave a comment

No Comments

Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. It is not the vendor or bank advertiser's responsibility to ensure all posts and/or questions are answered.

Leave a Reply

Your email address will not be published. Required fields are marked *

Your Review

Comment moderation is enabled. Your comment may take some time to appear.
Please read the "User Review and Comment Policy" before posting.

Share

Get Started With Featured Pick! 🏆

is our current featured vendor in this category.




Get Started

Learn more today with no commitment.

Featured Offer: We Recommend QuickBooks 🎉

Take it for a spin with a free trial.

Try QuickBooks Today

Exclusive Promo: Get your first month for $5 ✨

We love Fattmerchant's predictable pricing and excellent service for credit card processing.

 

 

Get your first month for only $5 when you sign up with our link. Find out how much you can save on payment processing today.

Get Started

Get started with no commitment today.

We Recommend Brex Corporate Card for Startups 🏆

Brex Corporate Card for Startups is one of our top picks for business credit cards!

 

 

Brex Card has $0 in annual fees. For a limited time get 50,000 rewards points when you spend $1000 with Brex.

Get Started

Get started with no commitment today.

We Recommend PaymentCloud 🏆

PaymentCloud is one of our top picks for credit card processing!

 

 

We love PaymentCloud's predictable pricing and excellent service.

Get Started

Get started with no commitment today.

We Recommend PaymentCloud 🏆

PaymentCloud is one of our top picks for credit card processing!

 

 

We love PaymentCloud's predictable pricing and excellent service.

Get Started

Get started with no commitment today.

We Recommend Donorbox 🏆

Donorbox is one of our top picks for Donation Systems!

 

 

Donorbox is a versatile, feature-rich, and easy-to-use donation management system that can help you attract more recurring donors. Get started today for free.

Get Started

Get started with no commitment today.

⭐️ Featured Promo! ⭐️

Sign up now and qualify for a limited time deal!

Standard Plan: One month free ($29.95 value)
Plus Plan: Two months free ($159.90 value)
Pro Plan: Three months free ($899.85 value)

Learn More

At BigCommerce

Exclusive Promo: Get your first month for $5 ✨

We love Fattmerchant's predictable pricing and excellent service for credit card processing.

 

 

Get your first month for only $5 when you sign up with our link. Find out how much you can save on payment processing today.

Get Started

Get started with no commitment today.

We Recommend Helcim 🏆

Helcim is one of our top picks for payment processing!

 

 

Helcim has exceptional service and an advanced platform that we highly recommend for businesses in Canada and the US. Get three months free when you sign up with Helcim through our links!

Get Started

Get started with no commitment today.

We Recommend PaymentCloud 🏆

PaymentCloud is one of our top picks for credit card processing!

 

 

We love PaymentCloud's predictable pricing and excellent service.

Get Started

Get started with no commitment today.

We Recommend Lendio 🏆

Lendio is one of our top picks for PPP/Business Financing!

 

 

Lendio is a free-to-use marketplace that allows you to compare lenders side-by-side. Easily find PPP/SBA loans alongside other financing options.

Get Started

Get started with no commitment today.

We Recommend Lendio 🏆

Lendio is one of our top picks for PPP/Business Financing!

 

 

Lendio is a free-to-use marketplace that allows you to compare lenders side-by-side. Easily find PPP/SBA loans alongside other financing options.

Get Started

Get started with no commitment today.

We Recommend PaymentCloud 🏆

PaymentCloud is one of our top picks for credit card processing!

 

 

We love PaymentCloud's predictable pricing and excellent service.

Get Started

Get started with no commitment today.

We Recommend ADP Payroll 🏆

ADP Payroll is one of our top picks for Payroll Software!

 

 

Our reviewers like ADP Payroll for its advanced employee management, strong payroll features, and great customer support.👍

For a limited time, get three months free when you sign up via our links!

Get Started

Get started with no commitment today.

We Recommend Lightspeed POS 🏆

Lightspeed POS is one of our top picks for Point of Sale!

 

 

We highly recommend Lightspeed POS for small businesses looking for a feature-rich, tablet-based point of sale system.

Get Started

Get started with no commitment today.

We Recommend TouchBistro 🏆

TouchBistro is one of our top picks for Restaurant POS!

 

 

Our reviewers praised TouchBistro for a well-designed UI, easy to use format, competitive monthly cost, and numerous integrations. Sign up today to see it in action.

Get Started

Get started with no commitment today.

We Recommend Fundera 🏆

Fundera is one of our top picks for SBA loans!

 

 

Fundera is a free-to-use marketplace that allows you to compare lenders side-by-side. Easily find SBA 7(a)loans alongside other financing options.

Get Started

Get started with no commitment today.

We Recommend ShippingEasy 🏆

ShippingEasy is one of our top picks for shipping software!

 

 

ShippingEasy got a 5-star review from our team. Get a 30-day free trial to access discounted USPS and UPS shipping rates and print labels in no time. No credit card required.

Get Started

Get started with no commitment today.

We Recommend Square POS 🏆

Square POS is one of our top picks for Point of Sale!

 

 

Square is free to use and currently includes a free card reader at sign-up!

No credit card is required to create your account.

Get Started

Get started with no commitment today.


 

Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.

Sign up for the Maverick Newsletter

  • We occasionally send out emails with special offers.