Competitors BattleCard

Top 10 KABBAGE COMPETITORS

Top compitetion for lines of credit for small businesses

BlueVine

Review

ELIGIBILITY

REPAYMENT

FUNDING SPEED

RATES

AMOUNTS

PROCESS

KABBAGE WINS

TERMS

The good

The bad

Eligibility

6+ months in business to qualify

Rates

Draw Fee 1.6-2.5%

Amounts

Weekly Repayments for LOC

Terms

No hard credit pull

Process

600+ FICO and $10k in monthly revenue

$15 Wire Fee

Repayment

BlueVine Eligibility

600+

Presonal FICO

Restricted States and Industries

Non- Eligible States:

• North Dakota
• South Dakota
• Vermont

Non- Eligible Industries

• Gambling
• Pornography and paraphernalia
• Political campaigns
• Legal and illegal substances (inc. medicinal marijuana) and paraphernalia
• Firearms and paraphernalia
• Financial institutions and lenders
• Donation-based non-profits
• Auto sales industry

6+

Months of operating business history

$100,000+

Annual business revenue

$1,000+

Average monthly account balance

BlueVine Credit Line Rates and Fees

Fees

Rates

1.6% - 2.5%

15% - 78% APR

Draw Fee

• 6 month LOC interest rate is 0.3% - 1.5% per week
• 12 month LOC interest rate is 1.5% - 6.5% per month

(Charged on each withdrawal)

• No Prepayment Fee
• No Origination Fee
• No Maintenance Fee
• No Termination Fee

*Fees are based on line of credit only

BlueVine Credit Line Amounts

Credit Line Amounts

Up to $250,000

• Documents required for credit lines over $100,000
• Business Tax Returns
• Debt Schedule

BlueVine Credit Line Terms

Credit Line Terms

6 and 12 Month Terms

• *Only LLCs or Corporations will qualify for 12 month, as well as meet the following requirements
• Must be in business 2 years
• 650+ FICO
• $500k annual revenue

BlueVine Credit Line Repayment

Credit Line Repayment

Weekly or Monthly

• *ONLY the 12 month term will have monthly autodraft repayments
• 6 month term will have weekly autodrafts

BlueVine Credit Line Funding Speed

Credit Line Funding Speed

Next Day or Same Day

• ACH transfer, typically next day
• Wire available for a $15 fee

BlueVine Credit Line Process

Credit Line Process

Automated or Manual

• Can connect bank account for read only access or send in 3 months of bank statements
• Besides ACH, you can connect
• QuickBooks
• Xero
• FreshBooks

What makes Kabbage better?

Kabbage Wins

• Longer Terms
• Most LOCs at Bluevine are 6 month
• Easier Eligibilty
• Credit scores can be under 600
• Lower business revenue ($50k compared to $100k)
• No minimum monthly account balance (BlueVine is $1000)
• Better Repayment Structure
• Monthly payments (Bluevine has only weekly for 6 month)

OnDeck

Review

REPAYMENT

ELIGIBILITY

RATES

FUNDING SPEED

PROCESS

AMOUNTS

KABBAGE WINS

TERMS

The bad

The good

Eligibility

Same day funding

Rates

Maintenance Fee

Amounts

Some prepayment options

Origination Fee

Terms

Process

No prepayment benefit

Lower credit scores accepted

Repayment

OnDeck Eligibility

600+

Presonal FICO

Restricted Industries

1 year

• Adult Entertainment/Materials
• Drug Dispensaries
• Firearms Vendors
• Government & Non-Profits
• Public Administration
• Horoscope/Fortune Telling
• Lotteries/Casinos/Raffles/Gaming/Gambling
• Money Services Business
• Religious/Civic Orginizations
• Rooming & Boarding Houses
• Vehicle Dealers
• Used Good Dealers
• Auction Houses

Operating business history

$50,000+

Annual business revenue

2 years

Time with no bankruptcies

OnDeck Credit Line Rates and Fees

Fees

Rates

2.5% - 4%

13.99% - 63% APR

Origination Fee

• 6 month LOC requires daily or weekly repayments

(Charged on each withdrawal)

$20

Maintenance Fee

(Charged each month)

*Fees are based on line of credit only

OnDeck Credit Line Amounts

Credit Line Amounts

$5,000 to $100,000