Funding a small business, or any business for that matter is difficult. You run into that constant problem of requiring capital to invest while being constantly declined by traditional institutions with stringent requirements. That’s why we want to get a Kabbage instant business loan review live.
What Kabbage isn’t….
That scenario discussed above can lead small business owners down a dangerous path. Loans with horrible terms are not uncommon and they trap business owners into paying back unreasonable amounts on a basic loan. Kabbage offers great rates against reasonable requirements for minimum annual revenue.
This opens the door to much needed capital without the predatory lending you will find in many other venues.
Small Business Loan Options
The application process is fantastic and they can turn around an instant business loan decision in 10-20 minutes. If you want to know your qualification status immediately, this is a nice feature. The loan maximum is 250k for a line of credit. Obviously you can choose a smaller number that fits your needs. After you apply and receive approval, you can access the funds and use them as needed. You can withdraw easily at anytime with a Kabbage Card or through the mobile app or computer account. It’s really easy to use the funds in any desired increment without hassle.
Ready to Apply? Click Below to Get Started.
Here’s what you’ll need for the application:
- 50,000+ in annual revenue or 4,200 a month over the previous 3 months.
- 1 year in business
Worried About Your Credit Score?
One of our favorite things about Kabbage business loans is their approach to approving applicants. They look at your business performance more than your credit score. While a good score will certainly help, a less than stellar score does not rule you out. So many lenders will immediately reject an applicant based on the credit score when they have incredible performance. Kabbage makes a deeper assessment of your business.
The application is absolutely free. If you do qualify, there is no obligation to accept and use the funds. It’s nice to see where you stand while your business is positioned for a possible need of funds. If it turns out you don’t need it, there is no need to accept the money.