Qualify for a Kabbage Business Line of Credit
Running a small business is no easy task. There are many financial risks involved, and at times you have to rely on others for support to help the business grow and keep your cash flow in the black. Traditionally, businesses have turned to banks to meet this need, but banks turn down as many as eight out of ten small business loan applications. Besides, their processes are often cumbersome and inefficient.
Kabbage Line of Credit
This is where lending services like Kabbage shine, offering you a fast and reliable way to get the working capital you need. You can draw against your Kabbage line of credit as often as once a day, for anything you need to move your business forward. They have funded over $750 million to thousands of businesses.
A better way to manage your finances
With Hiveage you can send elegant invoices to your customers, accept online payments, and manage your team — all in one place.
Qualifying for a Kabbage business loan is super easy: you just have to connect any of the online services your business uses (e.g. your business checking account, payment services like PayPal and Stripe or accounting systems like QuickBooks and Xero). Unlike traditional lenders, they approve businesses by looking at a variety of your business data in real-time, not just a credit score. There’s no paperwork, faxing or waiting in line.
Small Business Lines of Credit
Based on the health of your business, you can get qualified for credit lines up to $100,000 with Kabbage. Creating an account is free, and there are no fees until you draw against your line. Loans are repaid over six months with no early payment fees. They have a nifty loan estimator that takes the guesswork out of figuring out what the fees will be for various loan amounts and payment schedules. You can take whatever amount you need, whenever you need it, 24/7.
Given their focus on small businesses and efficient service, it’s no wonder that we’re big fans of Kabbage. That’s why if you sign up and qualify for a Kabbage loan through us, we will also give you credits for one month for any Hiveage plan you’re using. Simply write to us when you qualify, and we’ll take care of the rest!
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