Working capital loans and more for all industries and credit types — though they don’t come cheap.

  • Best for business owners with bad credit looking for a short-term loan.
  • Pick something else if your business can qualify for more transparent terms.

    $5,000

    Min. Amount

    $2,000,000

    Max. Amount

    Details

    Product Name First Capital Business Finance loans
    Min. Amount $5,000
    Max. Amount $2,000,000
    Loan Term 3 months to 2 years
    Min. Credit Score 500
    Requirements In business for 6+ months, $150,000+ annual revenue, 500+ personal credit score

    How much will this loan cost me?

    First Capital Business Finance and its partner lenders offer unsecured short-term working capital loans. These function like a cross between a term loan and a merchant cash advance: Your business borrows a fixed amount, which it pays back plus a fixed fee in daily repayments automatically withdrawn from your bank account.

    Its terms are short, ranging from three months to two years. Loan amounts range from $5,000 to $2 million — but businesses typically qualify for a loan equivalent to average monthly sales.

    Use the calculator below to estimate how much your business can afford to make sure the loan you get fits your monthly budget.

    Business loan calculator

    See how much you’ll pay

    Your loan
    Loan amount
    $
    Loan terms (in years)
    Interest rate
    $%

    Fill out the form and click on “Calculate” to see your estimated monthly payment.

    or

    Compare business loans now

    How it works

    Your total loan cost is determined by multiplying it by a factor rate of 1.9 to 3.3. So if you borrowed $10,000, your business would be on the hook for between $19,000 to $33,000.

    Businesses with higher revenue and better personal credit will likely qualify for lower rates. If you and your business just meet First Capital’s minimum requirements, you may be charged more or be offered a smaller loan.

    What do I need to qualify?

    To qualify for a loan from First Capital Business Finance or one of its partners, you and your business must meet these basic requirements:

    • In business for at least six months
    • At least $10,000 monthly revenue
    • Personal credit score of at least 500

    What information do I need to apply?

    First Capital Business Finance only requires business owners to submit the most recent six months of business bank statements. It uses this to evaluate your business’s cash flow and to determine how much your business is eligible to borrow. Tax returns aren’t necessary, however, other documents may be required depending on the type of financing your business needs.

    What industries does First Capital Business Finance work with?

    First Capital works with businesses in high-risk industries, including:

    • Cannabis
    • Trucking
    • Food service
    • Health care
    • Waste management

    This is not a complete list. To see if your business qualifies, reach out to a First Capital representative.

    What other types of financing does First Capital offer?

    First Capital Business Finance offers a variety of loan options. Exact terms will depend on your business and financing needs.

    Loan amount Loan term Time in business Minimum monthly revenue
    Equipment financing
    $5,000 to $5 million
    1 to 6 years
    No minimum requirement
    None stated
    Merchant cash advances, referred to as unsecured business loans by First Capital
    $5,000 to $2 million
    3 to 24 months
    4 to 12 months
    $8,000
    Invoice factoring
    Up to 90% of invoice
    Based on invoice terms of payment
    None stated
    None stated
    Purchase order financing
    Up to 100% supplier costs
    Varies
    None stated
    $50,000 in sales

    Pros

    • Small loans of $5,000 available
    • Startups may qualify
    • Accepts bad credit and recent bankruptcies

    Cons

    • Potentially high APR
    • Turnaround takes up to seven days
    • May act as a connection service, not a lender, depending on the type of financing and your business’s qualifications

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