Swift Capital offers financing options to small businesses that make at least $100,000 per year, have a credit score of at least 550, and have been in business for at least a year. They provide loan amounts from $5,000 to $500,000. We compiled user reviews from around the web and determined that Swift Capital has a mix of positive and negative ratings. We also compared the most popular pricing options for small business owners.
Summary of Swift Capital User Reviews
What Swift Capital does well:
Users who gave Swift Capital positive feedback said that customer support is reliable and professional. Customers also said that since the rates are reasonable, the loan isn’t difficult to pay off.
What Swift Capital does not do well:
Users who gave Swift Capital negative feedback said that contrary to its name, Swift Capital’s process isn’t fast. According to them, the process took a long time and required a lot of documentation. However, it should be noted that most users found that funding was fast once all documents were completed.
Most Helpful Positive User Review
“Great service, efficient, and my representative Jonathan Muntz was a pleasure to work with. I found in comparison to other companies I have worked with for a loan, Swift required far less paperwork, and just made it simple and straightforward. It went quick, and the money was wired right to my bank account .”
— Janis Staskowski
Most Helpful Negative User Review
“Found the same problem with weeks and weeks of paperwork even though they said we had been pre approved which was a bunch of bull. We had a loan thru CAN Capital and they contacted us when we had only six payments left. Said CAN could no longer lend money. We found out this was not the case as they had started loaning again in July. After too many pieces of paperwork and 2 weeks of aggravation we told them to cancel and destroy the offer and paperwork. We went back to CAN and got refinanced the same day.”
— K Alexander
Swift Capital Pricing
Swift Capital offers loan amounts from $5,000 to $500,000 and with durations from 13 to 52 weeks. The terms and conditions of the loan are customized to fit the client’s monthly revenue and future receivables. The average interest rate is 17%, depending on the loan amount and the business’ creditworthiness.
| Borrowing amount | $5,000 to $500,000 |
| Price | Average of 17%, depending on loan amount and creditworthiness |
| Payment Length | 13 to 52 weeks |
To qualify, the applicant must have been in business for over a year and generating an income of at least $100,000 annually. Payments are made weekly and are deducted automatically from the business checking account.
Swift Capital Features
- No origination fee
- Single fixed-fee pricing
- Predictable payments
Useful Swift Capital Resources
Where to Find the Best Startup Business Loans 2018: 11 Funding Options – Read about several options in funding a startup. We’ll discuss everything from SBA loans to angel investors to Rollovers for Business Startups (ROBS).
How to Get a Small Business Loan in 3 Steps – Learn about the most important aspects of small business financing and how to choose the right loan provider.
Alternative Business Loans: 9 Alternative Financing Options for Small Businesses – Read about alternative business loans and how you can choose the right financing solution for your situation.
Easy Business Loans: What Are the Best Easy Financing Options for 2017 – In this article, we review the three best places to get easy business loans in terms of funding amounts, application process, qualifications for approval, and funding times.
Bad Credit Business Loans: Where to Get Bad Credit Business Financing in 2017 – Learn about the alternative financing options if you don’t have stellar credit (under 600) and can’t get a bank loan.
Swift Capital Video Overview
This video shows how Swift Capital business funding works.
Top Swift Capital Alternatives
Not sure if Swift Capital is the right merchant cash advance provider for you? Check out our comparison of three top providers: RapidAdvance, Square Capital, and CAN Capital.
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Jamie Fettig
Got me a loan
The charged me thousands of dollars in extra money, by giving me a new loan for a higher amount, “paying” off my old loan, but still charging me full “interest” and points on the new loan
Vs. just getting me a new loan for the net amount i was getting.
How they double dip fees by “paying” off a loan i already got with them, rather than just getting a new loan for the amount i was netting.
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mouhamadou ndiaye
rip off small busnesses
provide good customer service
yes I wish
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K Alexander
Found the same problem with weeks and weeks of paperwork even though they said we had been pre approved which was a bunch of bull. We had a loan thru CAN Capital and they contacted us when we had only six payments left. Said CAN could no longer lend money. We found out this was not the case as they had started loaning again in July. After to many pieces of paperwork and 2 weeks of aggravation we told them to cancel and destroy the offer and paperwork. We went back to CAN and got refinanced the same day.
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Janis Staskowski
Great service, efficient, and my representative Jonathan Muntz was a pleasure to work with.
I found in comparison to other companies I have worked with for a loan, Swift required far less paperwork, and just made it simple and straight forward.
It went quick, and the money was wired right to my bank account .
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greg
it was very easy great service, very professional. would recomend highly
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