What is the repayment process for Kabbage loans?

The repayment process for Kabbage loans is designed to be straightforward and flexible for borrowers. Kabbage typically offers business lines of credit, which means that borrowers can draw funds as needed and then repay them over time. The repayment terms generally depend on the specific loan agreement, but payments are usually made on a monthly basis. When a borrower draws from their line of credit, they will be responsible for repaying that amount along with any applicable fees or interest based on the terms provided by Kabbage at the time of borrowing. Borrowers may have the option to make smaller payments on the principal, along with the interest, or they may pay back larger amounts as their cash flow allows. Kabbage's system is designed to align repayment with the cash flow cycles of small businesses. This means that repayments are designed to be manageable, allowing businesses to continue operating smoothly. For the most accurate and detailed information about specific repayment terms and options, it is advisable to look on the current Kabbage website, where details about different loan products and repayment schedules are usually available.