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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]
The investigation, led by the Justice Department's civil division, is examining whether Kabbage and other fintech companies miscalculated how much aid borrowers were entitled to from the Paycheck ...
Online lender Kabbage was one of the biggest lenders in the first year of the Paycheck Protection Program, processing more than $7 billion in loans. Facing federal PPP fraud investigations, online ...
Lendio is a marketplace for business loans, and in the first round of PPP funding it says it helped connect 70,000 businesses with lenders. Lendio, Kabbage Help Fill PPP Loan Gaps for Small Businesses
Businesses can borrow up to £1 million in the UK, up to $500,000 in the US, and up to €250,000 in Germany and the Netherlands for up to 60 months. [30] [31] Initially the loan rate was set through an auction process, but since September 2015, Funding Circle determines the loan rate offered based on risk category and loan term. [32]
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