Which Business Loans Company Is Right for Me? Result #23


2. KabbageScores Hzntl (12)

kabbage-logo

  • Term Length: 1-6 Months
  • Zero Origination Fees 
  • Lines of Credit Offered
  • Interest Rate: $0.12/Dollar
  • A+ BBB Rating
  • $100,000 Loan Max.

Kabbage has become one of the most popular alternative small-business lenders in the nation, and boasts one of the highest repeat-customer rates (80%) in the industry. Customers who have been in business at least one year and bring in at least $2,500 per month can receive loans of up to $100,000 in a matter of several days. A big bonus is that no minimum credit score is required to qualify for a loan from Kabbage. Kabbage charges zero prepayment penalties, meaning customers will not be penalized for paying of their loans early. And with term lengths not exceeding six months, Kabbage customers will likely be able to pay off their loans without accruing much interest in the process. However, customers should also be aware that Kabbage has a limited loan max, and customers seeking anything greater than $100,000 should look elsewhere.


24. BlueVineScores Hzntl (11)

blue_vine

  • Term Length: 1-12 Weeks
  • Zero Origination Fees 
  • Lines of Credit Offered
  • Interest Rate: $0.14/Dollar
  • A BBB Rating
  • $100,000 Loan Max.

Although BlueVine has only been in business since 2013, the company provides alternative funding to business owners at very competitive rates. Customers with credit scores as low as 530, barely any time in business, and little annual revenue will still likely qualify for a loan from BlueVine – making BlueVine an excellent option for new startups. The company offers as much as $100,000 in funding advances, and customers can receive funds in as little as one to two days. However, customers should also be aware that the APR that comes with BlueVine’s advances can be incredibly high, sometimes as much as 61%. Potential borrowers should also be aware that BlueVine is likewise a startup, and lacks the track record of more established companies.