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The U.S. Small Business Administration, which oversaw the PPP program, also investigated an issue with Kabbage’s processing of loans that resulted in Kabbage and two banks it had partnered with ...
Online lenders may specialize in specific types of business loans, including alternative financing like merchant cash advances. Repayment terms tend to be five years and under, shorter than ...
Kabbage was an online financial technology company based in Atlanta, Georgia. [1] The company provided unsecured loans and funding directly to small businesses and consumers through an automated lending platform. [2] In 2020, the company was acquired by American Express and its mobile app was rebranded to American Express Business Blueprint. [3]
Alternative lenders often offer more flexible terms and may be better for startups, businesses with bad credit and businesses in need of small loans. Loans from online lenders are popular, but so ...
Some unsecured small business loans are harder to get since a lender takes on more risk with this type of loan. These loans also tend to have higher interest rates to help account for that risk ...
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