Kabbage is a popular online lender that offers small business loans and lines of credit. With its quick approval process and flexible repayment terms, Kabbage has become a go-to option for many entrepreneurs and small business owners. However, there are several alternatives and competitors available in the market that provide similar services with unique features. In this article, we will explore the 10 best Kabbage alternatives and competitors to consider in 2024.

1. BlueVine

BlueVine is a leading online lender that specializes in providing small business loans and lines of credit. It offers fast funding, competitive rates, and a streamlined application process. BlueVine stands out with its invoice factoring service, which allows businesses to get paid immediately on outstanding invoices. With its user-friendly platform and excellent customer service, BlueVine is an excellent alternative to Kabbage.

2. OnDeck

OnDeck is another prominent online lender that focuses on small business financing. It provides term loans, lines of credit, and equipment financing to help businesses grow and expand. OnDeck offers a transparent and straightforward application process, quick funding, and personalized loan options. With its extensive experience in small business lending, OnDeck is a strong competitor to Kabbage.

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3. Fundbox

Fundbox offers a unique approach to small business financing by providing revolving lines of credit based on outstanding invoices. This means that businesses can access funds tied up in unpaid customer invoices. Fundbox offers a fast and easy application process, competitive rates, and a user-friendly interface. With its innovative financing solution, Fundbox is a great alternative to Kabbage for businesses with outstanding invoices.

4. PayPal Working Capital

PayPal Working Capital is a financing option designed for PayPal merchants. It offers small business loans based on a merchant's sales history, allowing them to repay the loan through a percentage of their PayPal sales. PayPal Working Capital provides fast funding, transparent fees, and automatic repayment. For businesses heavily reliant on PayPal, this solution can be an excellent alternative to Kabbage.

5. Fundera

Fundera is a business loan marketplace that connects small businesses with various lenders. It simplifies the lending process by allowing businesses to compare loan options from different providers in one place. Fundera offers a wide range of loan products, including term loans, SBA loans, lines of credit, and equipment financing. With its extensive network of lenders and personalized loan matching service, Fundera is a valuable alternative to Kabbage.

6. Lendio

Lendio is another loan marketplace that helps businesses find and compare loan offers from different lenders. It offers access to a wide variety of loan products, including term loans, lines of credit, merchant cash advances, and more. Lendio's platform allows businesses to submit a single application and receive multiple loan offers. With its extensive network of lenders and streamlined application process, Lendio is a strong competitor to Kabbage.

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7. Credibly

Credibly is an online lender that specializes in providing working capital loans and business expansion financing. It offers flexible loan terms, competitive rates, and a quick application process. Credibly also provides personalized loan options based on a business's specific needs. With its focus on tailored financing solutions and excellent customer service, Credibly is a compelling alternative to Kabbage.

8. StreetShares

StreetShares is a peer-to-peer lending platform that connects small business owners with investors. It offers term loans, lines of credit, and contract financing to help businesses grow and succeed. StreetShares stands out with its veteran business loan program, which provides exclusive financing options for military veteran-owned businesses. With its unique approach to lending and support for veteran entrepreneurs, StreetShares is a noteworthy alternative to Kabbage.

9. CAN Capital

CAN Capital is an online lender that specializes in providing small business loans and merchant cash advances. It offers quick funding, flexible repayment options, and personalized loan terms. CAN Capital focuses on supporting businesses with limited credit history or lower credit scores. With its commitment to helping businesses access capital, CAN Capital is a viable alternative to Kabbage for businesses with less-than-perfect credit.

10. Funding Circle

Funding Circle is a peer-to-peer lending platform that connects investors with small businesses in need of financing. It offers term loans, lines of credit, and invoice financing to help businesses grow and expand. Funding Circle stands out with its transparent and competitive rates, excellent customer service, and easy-to-use platform. With its emphasis on connecting investors directly with businesses, Funding Circle is a strong competitor to Kabbage.

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While Kabbage remains a popular choice for small business financing, there are several alternatives and competitors available in the market that offer similar services with unique features. BlueVine, OnDeck, Fundbox, PayPal Working Capital, Fundera, Lendio, Credibly, StreetShares, CAN Capital, and Funding Circle are among the best Kabbage alternatives and competitors to consider in 2024. These online lenders and loan marketplaces provide a range of financing options, fast funding, competitive rates, and user-friendly platforms. By exploring these alternatives, small businesses can find the financing solution that best fits their needs and supports their growth and success in 2024 and beyond.