Last reviewed: October 2, 2026
Disclaimer: This review summarizes publicly available information, including customer reviews, forum posts such as Reddit, BBB and Trustpilot listings, court records, regulator actions, and news reports. It is not the opinion of MCAFax. MCAFax cannot confirm or deny any allegations, complaints, or claims described here. Information may be outdated or incomplete. MCAFax is not affiliated with this lender. This is not legal or financial advice. Lenders who believe something is inaccurate can contact info@mcafax.com for review.
Note: Kabbage is winding down its lending business, so this review is for reference.
Summary verdict
Kabbage no longer operates as an independent lender. KServicing says that effective August 23, 2023 it no longer services loans and that borrowers' loans moved to a new servicer; the Kabbage Funding name is an American Express trademark used under license (KServicing). According to the FDIC Office of Inspector General, Kabbage (KServicing Wind Down Corp.) agreed to pay up to $120 million to resolve allegations that it violated the False Claims Act in making PPP loans (FDIC OIG). In the settlement agreements, KServicing admitted and acknowledged certain facts about how it calculated PPP loan amounts (Settlement, Settlement).
Paper Grade: TBD
Kabbage is no longer making new loans under its own platform, so there is no current borrower profile to grade. Paper Grade: TBD. Paper grade describes the borrower profile this lender targets, not the lender's quality.
Research-Based Reputation Score: TBD (not ranked)
Reputation score: TBD. The original company is winding down and no longer lends or services loans (KServicing), so we don't rank it against active lenders. For context, the PPP settlements described above concern government-guaranteed PPP loans (FDIC OIG).
About the Paper Grade: it reflects only the borrower profile and deal type the lender targets (stated credit, time-in-business and revenue minimums, and product type). It is not a judgment of the lender's quality. A = strong credit (about 625–650+), established businesses, APR-priced loans or lines. B = fair credit (about 600+), short-term or factor-rate products. C = credit about 500–599, younger businesses, MCA or revenue-based, or sales-based platform financing with no credit check. D = minimal credit requirements, very new businesses, stacked positions or high-risk industries. Lawsuits and regulator actions never change the Paper Grade.
About the Research-Based Reputation Score (1–10, half-points): it summarizes public signals and is not the opinion of MCAFax. Every lender starts at 5.0. Points are added for BBB accreditation and an A+ rating, years in business, strong Trustpilot ratings, and a clean record (no regulator orders or court judgments in which the lender itself is a named party). Points are subtracted for a BBB rating of C− or lower (−1), a BBB customer-review average below 2.5/5 (−0.5), recurring complaint themes (−0.5 to −1), and a pending class action (−0.5). Government actions are scored only when the lender itself is a named party: −1 for a settled action not about borrowers, −2 for a regulator consent order with a penalty and no admission, −3 for active enforcement or a final order about borrower treatment, and −5 for an industry ban or court finding of liability. The lowest score, 1.0, is reserved for lenders under an industry ban or a final fraud judgment. Ratings we could not read score zero, and routine collection suits are not scored. Every point applied to this lender is listed above. Ranks are as of the date shown; MCAFax cannot confirm or deny any allegation counted here.
At a glance
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