Please ensure Javascript is enabled for purposes of website accessibility

Contacted by Kabbage?

Learn how Tayne Law can guide you by booking a free phone consultation.

0 +
Trusted Clients
0
Creditor Relations
0 +
Cases Solved
0
Honors & Awards

Jump to: Who Is Kabbage

Is your Kabbage loan in default?

Loans intended to give businesses quick access to cash that’s deposited straight to their bank accounts, 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 business’s 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.

First phone
consultation is always free.

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 a quick application process and a decision within minutes. However, short repayment periods can lead to difficulty repaying these small 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 (MCAs). 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

What is Kabbage?

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

Why would a business owner borrow from Kabbage?

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.

How are loans repaid to Kabbage?

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 repayment 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 monthly payment. 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.

Can you help if Kabbage has filed a UCC lien against me?

Some lenders file UCC liens in certain cases. Contact us for further assistance.

Where is Kabbage located?

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

Our Clients Say

How our debt relief works

From first contact with us to the moment we secure a settlement, your journey with us is designed to be easy and worry-free, ensuring you receive the support you need at every stage.

  • First, reach out

    Use our form to request a consultation, send us an email, or give us a call. The first phone consultation with our staff or an attorney is always free!

  • We’ll learn about you

    In the consultation, we’ll talk about your situation and find the best solution to get you out of debt. We’ll also discuss a low monthly payment that fits within your budget.

  • Make the first payment

    Once you make your first payment, all communications with creditors happen through us. It’s one less thing to worry about!

  • You’re one step closer

    From that point on, we’ll support your journey, help you understand your debt, and be there for you throughout the entire process.

    To get started, call (866) 890-7337.

To get started, call (866) 890-7337.

Why people choose Tayne Law

A debt relief law firm

Personalized Program

Every situation is unique. We’ll work with you to find a solution that resolves your debt and frees up your cash flow.

No-billing
Policy

You make one low monthly payment and will never get an unexpected bill.

Experienced NY Debt Attorneys

We have more than 20+ years of experience providing clients with debt relief.

Confidential & Trusted

As a law firm, our attorneys follow strict client confidentiality. Our services are discrete and effective.

Work with Creditors

We work with all creditors, whether you’re dealing with a collections firm, a national bank, credit union, or another lender.

cartoon man with envelope

Money moves to help you stay on track

Sign up for monthly updates, articles, money advice, and timely topics to keep your finances on track.

Subscribe to our newsletter! 🚀

Request a Free Consultation

Your initial phone consultation is free and requires no committment!
A team member will respond within 1 business day.

Request a Free Consultation

Your initial phone consultation is free and requires no committment!
A team member will respond within 1 business day.

tayne icon on cartoon letter in enveloper

Message Sent!

A Tayne Law team member will respond within
1 business day.