FastPay Capital Review

FastPay Capital is offered by FastPay Partners LLC, a direct lender founded in 2009 and based in Los Angeles, CA. FastPay Capital is available in 48 states (and Washington, DC).

What APRs does FastPay Capital offer?

The cost of accounts receivable financing is typically calculated as a percentage of the invoice value, which is charged monthly. Pricing varies widely depending on several factors, such as how long you it takes to repay the invoice advance.

Does FastPay Capital charge an origination fee?

No, FastPay Capital does not charge an origination fee. An origination fee is what some lenders charge for processing, underwriting, and funding a business financing product. Typically fees range from 0.5% to 5% of the total amount advanced. Whenever possible, go with lenders that don’t charge origination fees.

How much cash can you get from FastPay Capital?

FastPay Capital advances with cash amounts start at $5,000 and go up to $100,000.

What type of invoice collection structure does FastPay Capital offers?

What types of invoices does FastPay Partners LLC accept?

FastPay Capital accepts the following invoice type when applying for accounts receivable financing.

• Business-to-business invoices (B2B).

What are the business financing requirements for FastPay Capital?

To apply for FastPay Capital, the borrower needs to provide the following business document:

• Business license
• Business bank account

What limitations does FastPay Capital set on the purpose of the loan?

FastPay Capital considers accounts receivable financing applications for business purposes, such as:

• Working capital