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Is your Kabbage loan in default?

Loans intended to give businesses quick access to cash, like those available from Kabbage, can lead to struggles with business debt or even loan default. The team of debt professionals at Tayne Law Group, P.C. can work with you and Kabbage. In fact, we can find a solution to what feels like a never-ending payment draining your businesses finances, resolve the outstanding loan and be done with the debt once and for all. Through our proven debt relief strategies, we can help resolve your business debt and avoid bankruptcy and get out of the vicious debt cycle.

On August 17, 2020, American Express announced that it was acquiring Kabbage and all its properties. While American Express brings more credibility to the business, it’s still important for small business owners to be wary of the offerings through this service. On its own, Kabbage claims to offer loans of up to $200,000 to small businesses, with an application decision in minutes. However, short repayment periods can lead to difficulty repaying these business loans and can eventually lead to loan default and bad debt. Now is the time to call The Tayne Law Group for a no-obligation and free consultation on how we can help you with your business debt.


Kabbage often boasts that it can offer alternatives to merchant cash advances. However, the funding Kabbage helps businesses find can also be harmful, drain your business of much needed cash, and lead to loan default. Instead, business owners may consider short-term loans or small business lines of credit. Both are more affordable than merchant cash advances and are less likely to trap businesses in a debt cycle.

Tayne Law Group has more than two decades of experience resolving business debt and has proven success with Kabbage. For example, TLG has settled a Kabbage loan of over $16,000 for $7,000 interest free on behalf of a client. We’ve also settled a loan of $18,000 for half of the balance. We saved the client time and money to get their business back on track. In our experience, National Check Resolution and TBF Financial often represent Kabbage. You have nothing to lose and everything to gain by making the call to the Tayne Law Group. The call is always free!

FAQs about Kabbage

Q: What is Kabbage?

A: Kabbage is a technology-based company that offers business funding to small businesses who are struggling with cash flow. You think you need quick cash for your business so you found them online while searching.

 

Q: Why would a business owner borrow from Kabbage?

A: Kabbage claims to offer an application decision within minutes, as well as immediate access to funds. Through the use of technology, the company uses digital information about a business, such as business performance and credit score, to determine eligibility for a loan. The company offers lines of credit up to $250,000 in all 50 states. Loans can be used for any working capital needs, including inventory, renovations, payroll, etc.

 

Q: How are loans repaid to Kabbage?

A: Kabbage offers lines of credit, including 6-, 12- or 18-month installment loans. A business will have one line of credit, but may withdraw several loans from the line of credit. Each loan has its own loan agreement and loan terms. Additionally, borrowers pay fees on the loan amount, not the line of credit. Loans are also unsecured. However, the creditor requires a personal guarantee. The business repays an equal amount each month. The length of the loan term and the lender’s business performance determine interest rates. Additionally, the creditor may even require you to sign a confession of judgment. The kind of debt cycle that can result from loans with Kabbage can often lead to default.

 

Q: Where is Kabbage located?

A: 925B Peachtree Street NE
Suite 1688
Atlanta, GA 30309
888-986-8263

The team at Tayne Law Group is standing by now to help you fight back against the debt that’s bringing your business down.

Our debt resolution solutions work because we know business debt and how to help you bring back to positive cash flow!

Contact us today at 1-866-890-7337 for a free, no-obligation consultation.

Call Us Now to Get Started

(866) 890-7337

What People Have to Say

I just wanted to thank your entire staff at The Law Offices of Leslie H. Tayne, for helping me get out of debt. If it wasn’t for your firm, I would have never been able to resolve my $13k worth of debt in less than 3 years. Your staff did a great job, I was finally able to buy myself a brand new car without using a cosigner. I can’t tell you again how happy I am. I would recommend your services to anyone.

L.C. Client 2007-2009

I sleep like a baby at night now because of the work that you and your office have done. Rest assured that I will refer anyone I know to your office with conditions that are similarly circumstanced.

R.S. Client 2012-2014

You have been very helpful at first directing me in the right direction when I had no clue how to go about handling everything, I really appreciated all your advice and help and hope we can work something out. Thanks again for all your help and kind words, and patience.

D.M. Client 2009-2012

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(866) 890-7337