Kabbage from American Express just launched Kabbage Funding, offering eligible small businesses flexible lines of credit between $1,000 and $150,000.
With Kabbage Funding, small businesses can apply in minutes to access working capital 24/7 to help manage their company’s cash flow.
Now available to eligible U.S. small businesses to apply online, Kabbage Funding helps simplify the process of seeking working capital and has:
- No application fees
- No origination fees
- No annual fees
- No monthly maintenance fees
How small businesses can apply
U.S. small businesses can apply in minutes for Kabbage Funding by connecting their business accounts online to analyze their business information in real time.
Once approved, small businesses do not need to reapply to access their line of credit, nor ask for approval to draw funds. Eligible customers may have the option to choose between a 6, 12, and 18-month loan term, can take out more than one loan at a time, and do this as often as they need up to their approved amount.
To be eligible to apply, U.S. small businesses must be in business for at least one year. Small businesses may learn more about Kabbage Funding and apply here or either via the Kabbage mobile app available in the App Store® and Google PlayTM. All Kabbage Funding loans are issued by American Express National Bank.
With the launch of Kabbage Funding American Express is adding to its new suite of products for small businesses, including:
- Kabbage CheckingTM launched in June 2021
- Kabbage PaymentsTM, which is currently eligible for existing customers, and will be more broadly available in 2022. Kabbage Payments makes it easier for small businesses to accept card payments and get paid quickly.
Funding stock photo by Watchara Ritjan/Shutterstock