payability in A Sentence

    1

    With Payability, ecommerce businesses are able to borrow against future or daily marketplace invoices.

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    2

    While Kabbage requires a full year of business operations, Payability only requires eight months.

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    3

    Payability has no minimum credit score requirement, which could be advantageous when compared to Kabbage's minimum requirement of 550.

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    4

    Because Payability financing is limited only to sellers on certain web-based marketplaces, it's not an option that is available to everyone.

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    5

    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).

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    6

    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.

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    7

    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.

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    8

    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%.

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