9 Top Kabbage Competitors

BusinessLoans.com’s lending model is akin to Lendio’s in that the company is not a direct lender. BusinessLoans.com is a business loan matchmaking service that connects you to loan offers from among the company’s partner lenders. Free to use, BusinessLoans.com lets you receive loan offers without undergoing a hard credit pull, and there is no minimum credit score required to use the service.

BusinessLoans.com is relatively new to the alternative lending scene, but it has already impressed reviewers and borrowers, judging by comments left on business review sites. Combine this with the fact that BusinessLoans.com offers quality personalized assistance should you want something other than what the automated algorithm presents you, and it’s clear that BusinessLoans.com deserves a spot on this list of top Kabbage competitors.

It’s free to apply to receive loan offers through BusinessLoans.com. As for specific rates and fees, BusinessLoans.com does not offer any specifics regarding its lines of credit, though it does offer a few general guidelines regarding its partner lending products.

• Borrowing Amount: $5,000-$3,000,000
• Term Length: 3 months to 5 years
• Interest Rates: Not disclosed

Each lender in BusinessLoans.com’s network has its own eligibility requirements. Generally, you’ll need at least $100,000 in annual income and at least six months in business to qualify for a loan through BusinessLoans.com, but the company will nonetheless try to find an appropriate loan product for you even if you don’t meet these benchmarks.

Lendio is an alternative to Kabbage/Amex Business Blueprint that differs from many of the other companies on this list. Lendio is not a direct lender, but instead is a business loan matchmaker that shops your loan request to over 300 lending partners. Within 72 hours, you may receive one or more offers for any type of business funding, from flexible lines of credit to equipment financing. There’s no cost to you, and there’s no obligation to accept an offer. Given these favorable terms, we had to include Lendio in this post.

Because Lendio works with multiple partners, you may qualify for funding even if you face typical lending challenges such as a low credit score, a short time in business, or low revenues.

With the wide variety of loan types on offer from Lendio’s numerous partner lenders, there is no single set of rates that Lendio borrowers will pay. However, regarding Lendio’s lines of credit (the most relevant point of comparison to Kabbage/Amex Business Blueprint), here are some general guidelines:

• Borrowing Amount: $1,000-$500,000
• Term Length: 1-2 years
• Interest Rates: 8-24%

Note that Lendio does not charge a fee for submitting an application.

Lendio works with over 300 different entities, ranging from startup business lenders to banks and SBA lenders. Accordingly, your business does not have to meet any specific eligibility requirements to qualify for this service.

OnDeck is an Amex Business Blueprint/Kabbage alternative that offers two types of funding: lines of credit up to $100,000 and term loans up to $250,000. As long as you meet the time in business and revenue requirements, you could qualify for an OnDeck loan or line of credit with a credit score as low as 600.

Similar to Amex Business Blueprint, OnDeck also offers fast application approvals and funding, with funds hitting your bank account within a few business days in most cases. Given these facts, including OnDeck in this post was not a hard decision.

Here are the stats concerning OnDeck’s lines of credit:

• Borrowing Amount: $6,000-$100,000
• Term Length: 12 months
• Interest Rates: 29.9%-65.9%

• Time In Business: 1 year
• Credit Score: 625
• Business Revenue: $100,000/year

Funding Circle is an Amex Business Blueprint/Kabbage alternative that offers a variety of financial products, including lines of credit, Small Business Administration (SBA) 7(a) loans, and term loans. Depending on the product you select, you could receive as much as $500,000. In addition to higher borrowing limits and longer repayment terms, you may also score better rates than you’d find with American Express Business Lines Of Credit.

Here are the details on Funding Circle’s lines of credit:

• Borrowing Amount: $25,000-$250,000
• Term Length: Not specified
• Interest Rates: 4.99%-27.79%

• Time In Business: 2 years
• Credit Score: 660
• Business Revenue: Not specified

Fundbox is an Amex Business Blueprint alternative that offers easy approvals and quick turnaround times for its lines of credit, making it ideal for businesses that need fast access to capital. The process is fully automated, so you can get approved for a line of credit of up to $150,000 in as little as three minutes. It’s a natural fit for our list of Amex Business Blueprint/Kabbage alternatives.

Similar to Amex Business Blueprint/Kabbage, Fundbox has relaxed borrower requirements, making it easier for new businesses and applicants with subprime credit scores to get funded. Fees can be a little on the high side, but this is pretty standard for alternative lenders.

Here are some details on Fundbox’s lines of credit:

• Borrowing Amount: $1,000-$150,000
• Term Length: 12 or 24 weeks
• Interest Rate: Starts at 4.66%

• Time In Business: 6 months (ideally 1 year)
• Credit Score: 600
• Business Revenue: $100,000/year

Bluevine is an American Express Business Blueprint competitor that offers lines of credit. In addition to having rates similar to Amex’s Business Lines Of Credit, what stands out about Bluevine is its fast turnaround times for funding. In most cases, you can have funds in as little as 24 hours. With this kind of speed, including Bluevine in our list of top Amex Business Blueprint competitors was only natural.

Here are some details on Bluevine’s lines of credit:

• Borrowing Amount: Up to $250,000
• Term Length: 6 or 12 months
• Interest Rate: Starts at 6.2%

• Time In Business: 2 years
• Credit Score: 625
• Business Revenue: $40,000/month

LoanBuilder is a Kabbage alternative that offers an easy application, fast approvals, and relaxed credit requirements, similar to its competitor. However, LoanBuilder does not offer a line of credit. Instead, you can receive a customizable short-term loan. Choose from terms up to 52 weeks and receive a loan up to $500,000. If preapproved, you can adjust the term and borrowing amount to best fit the needs of your business.

Get final approval, and you can get your business funds by the next business day.

Here are the details regarding LoanBuilder’s loans:

• Borrowing Amount: Up to $500,000
• Term Length: 13 to 52 weeks
• Interest Rate: One-time fee of 2.9%-18.72% of the borrowing amount

• Time In Business: 9 months
• Credit Score: 620
• Business Revenue: $42,000/year

Accion Opportunity Fund is a Kabbage competitor that offers funding to underserved businesses, including those owned by women and minorities. However, anyone can apply for Accion’s small business loans, provided they meet credit, revenue, and time in business requirements.

Being a nonprofit, Accion’s requirements are far lower than banks, and even startups or business owners with lower credit scores may qualify for funding. Through Accion, you can borrow up to $100,000 with repayment terms of up to 60 months. And while the application and approval process can be a little more extensive, the lower rates and longer repayment terms are a good trade-off.

Here’s the skinny on Accion’s term loans:

• Borrowing Amount: $5,000-$100,000
• Term Length: 12, 24, 36, or 60 months
• Interest Rate: Starts at 5.99%

• Time In Business: 12 months
• Credit Score: Varies (low scores are generally accepted)
• Business Revenue: $50,000/year

Headway Capital is an Amex Business Blueprint/Kabbage alternative that offers lines of credit to business owners with less-than-perfect credit scores. With a minimum credit score requirement of 550, it’s possible to qualify for a line of credit of up to $100,000, even if you haven’t had much luck qualifying with other lenders. This accessibility led us to include Headway Capital in this article.

The one drawback to note is that Headway Capital does have higher rates than some of its competitors — in some cases, as high as 80%. However, this lender could be a good option if you have subpar credit and need fast access to capital

Here are the details regarding Headway Capital’s lines of credit:

• Borrowing Amount: $5,000-$100,000
• Term Length: 12, 18, or 24 months
• Interest Rate: 0.11%-0.22% daily (3.3%-6.6% monthly)

• Time In Business: 12 months
• Credit Score: 550
• Business Revenue: $50,000/year