Their ads say it takes about 7 minutes to apply and get approved. For me it was about 3 minutes. You plug in all of your selling accounts (Ebay, Etsy, Paypal etc) and it decides if it will approve you for cash. Once approved you can immediately deposit the cash into your Paypal account. For me it was a lifesaver as I really wanted to take advantage of a special deal on some fall inventory. But because this is the slower season for knit/crochet I didn't have the available cash.
Once you establish a record of on time payments your cash is increased. Like any loans always be careful and only borrow what you need and can pay back. And if you can pay it back early even better!
Many of you know hubby and I were victims of the economy collapse of late. Due to that we no longer have the stellar credit history that we used to have. There is no way I could get a bank loan for my business. But since Kabbage Cash mostly only looks at your online sales, it didn't matter.
If you have a great credit history then yes borrow from a bank. If you don't and you need some cash to build your business then use Kabbage Cash. Do note that if you do not make your payment on the day it is due Kabbage Cash will automatically withdraw it from your Paypal account. If there is not enough money in there they will keep withdrawing every time you get money in your Paypal until the payment is paid.
If you would like to give it a try please use my referral link