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Kabbage Competitors: Compare Alternatives 2021

Compare Kabbage competitors that offer alternative options for a business line of credit.
Hanah ChoJanuary 25, 2021
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Kabbage is an online business lender that provides quick financing. 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 funding and a fast application process, here are alternatives to Kabbage loans.

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LenderEst. APRMin. Credit ScoreNext Steps

OnDeck - Line of credit

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11.00-61.90%600
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BlueVine - Line of credit

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15.00-78.00%600
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Fundbox - Line of credit

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10.10-79.80%600
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Summary of Kabbage Competitors: Compare Alternatives 2021

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OnDeck - Line of credit

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Est. APR

11.00-61.90%

Min. Credit Score

600

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.

Pros

  • Cash can be available within the same business day.
  • Requires low minimum credit score.
  • Less paperwork than most lenders.

Cons

  • Fixed-fee structure means early repayment will not save interest.
  • Requires weekly repayments.
  • Requires personal guarantee.
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Qualifications:

  • Minimum credit score: 600.
  • Minimum time in business: 1 year.
  • Minimum annual revenue: $100,000.
  • No bankruptcies in the past 2 years.
May fund quickly
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BlueVine - Line of credit

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Est. APR

15.00-78.00%

Min. Credit Score

600

BlueVine's line of credit provides fast working capital for short-term borrowing needs.

Pros

  • Cash can be available within 12 to 24 hours.
  • Multiple term lengths for different financing needs.

Cons

  • Short repayment term results in higher payment amounts.
  • Requires personal guarantee.
  • Not available in North Dakota, South Dakota or Vermont.
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Qualifications:

  • 6-month line of credit:
  • Minimum credit score: 600.
  • Minimum time in business: 6 months.
  • Minimum annual revenue: $120,000.
  • 12-month line of credit:
  • Minimum credit score: 600.
  • Minimum time in business: 6 months.
  • Minimum annual revenue: $120,000.
May fund quickly
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Fundbox - Line of credit

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Est. APR

10.10-79.80%

Min. Credit Score

600

Fundbox offers a business line of credit to fill a cash-flow gap, and qualifying is easier than with other lenders.

Pros

  • Cash can be available by the next day.
  • Low minimum credit score requirement.

Cons

  • Rates are high compared to traditional banks.
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Qualifications:

  • Minimum credit score: 600.
  • Minimum time in business: 6 months.
  • Minimum annual revenue: $100,000.
May fund quickly

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Kabbage offers lines of credit up to $150,000 with short repayment terms (six, 12 or 18 months) and APRs ranging from 9% to 36%. 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.

1. OnDeck

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 rates ranged from 16.9% to 99.4%, while for lines of credit, APRs ranged from 23.9% to 56.9%, according to OnDeck’s financial filings.

2. BlueVine

As another alternative to Kabbage loans, BlueVine is best known for offering invoice factoring, which turns unpaid invoices into fast cash. Invoice factoring is best for businesses that work with other businesses.
The lender 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%.

3. Fundbox

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%.
Last updated on January 25, 2021

To recap our selections...

Kabbage Competitors: Compare Alternatives 2021

Does your business need funding? Find your best loan options with Fundera by NerdWallet.

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