Thanks for your question, John. Kabbage's loans are fundamentally different in structure from a traditional loan. Interest isn't charged on the loan balance, and a customer can pay a loan back early and save on future fees.

We encourage you to take a look at our "How it Works" page on our website for help understanding the fee structure. If you have any questions not answered there, you can give us a call at 888-986-8263. Thanks for getting in touch!

I had a 20% payback on my loans, meaning that I paid back $4,000 on $20,000in six months.

Do not use KABBAGE. You will have a large payment every month. When you pay that, you will probably need to reborrow and they will charge you a fee to reborrow plus a monthly fee for that part of the loan. It is not at all like a line of credit.

Karen, It sounds like you paid 40% interest, and even if you paid it back in less than 6 months, you still have to pay them $4000. Is that correct, as that would make interest well over 40% Sounds like usury to me, no better than payday loan sharks.