Does kabbage work with ppp loan forgiveness? Easy, professional service and confidence that Kabbage will work with you... Horrible Experience with PPP Loan… Horrible Experience with PPP Loan Forgiveness. I applied through Kabbage, now there are three other companies involved and none seem to have a working operation. UPDATE: Got the first loan forgiven.What is the mailing address for kabbage customer service? Mailing Address. Kabbage 925B Peachtree Street NE Suite 1688 Atlanta, GA 30309. Support. [email protected] Why choose kabbage ppp over smartbiz? The PPP would have really helped to keep our lease up to date and pay our employees while business has slowed due to the pandemic. Kabbage could have simply let us go to a reputable lender instead of switching our application to SmartBiz. Great customer service…Is there a prepayment penalty on kabbage? Terms & Fees. This lender does not enforce a prepayment penalty, but keep in mind that Kabbage operates on a front loaded fee structure. For the first two months of a six-month loan, and the first six months of a 12-month loan, your fee will be somewhere between 1.5% and 10% of the original principal per month.
888-986-8263 This occurs when our payment processor needs to verify some of the information associated with your business. If you have waited for more than 1 business day after submitting your application, contact customer service at [email protected] or 888-986-8263, available Monday through Friday, 8 a.m. - 9 p.m. ET. My customer keeps getting declined.
Paycheck Protection Program (PPP) loans * At this time, KServicing is not accepting new second draw loan applications for borrowers that took their first PPP loan through Kabbage. Eligible businesses must have fewer than 300 employees and have seen a 25% reduction in revenues since their first PPP loan.