With Payability, ecommerce businesses are able to borrow against future
or daily marketplace invoices.
While Kabbage requires a full year of business operations, Payability only requires eight months.
Payability has no minimum credit score requirement,
which could be advantageous when compared to Kabbage's minimum requirement of 550.
Because Payability financing is limited only to sellers on certain web-based marketplaces,
it's not an option that is available to everyone.
Both have similar revenue requirements,
with Kabbage requiring $100,000 in annual revenues and Payability requiring $90,000($7,500 per month x 12 months).
However, Kabbage's repayment terms
of six or 12 months allow businesses a longer time to repay those funds than the 20 weeks offered by Payability.
Payability advances the funds
and then collects payment via your marketplace balance throughout the term of the loan, or until full repayment is made, whichever comes first.
The expected APR for both Kabbage and Payability fall within similar ranges,
with Payability's expected APR ranging from 26% to 52%, and Kabbage's expected APR ranging from 30% to 50%.