Last Updated: 04/18/2025
FastPay Capital
Unaffiliated
Last Updated: 04/18/2025
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Highlights
Amount Range
$5,000 - $100,000
APR (Fixed APR)
N/A
Minimum Months in Business
N/A
Minimum Revenue
$0
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 are available in 48 states and Washington, DC.
FastPay Capital FAQ
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?
FastPay Partners LLC collects payment for invoices directly from clients.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 type of invoicing software does FastPay Capital support?
FastPay Capital supports the following invoicing software from applicants:
What trade credit terms does FastPay Partners LLC accept?
FastPay Partners LLC accepts the following trade credit term. Trade credit terms are usually expressed as Net D, where D stands for the numbers days after which payment of the invoice is expected.
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:
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Message from FastPay Capital
Message from our editor
What We Love About Fastpay Loans
Fastpay Loans offers a financial alternative for new businesses that need venture capital. Those who don’t have established credit and need to find a way to fund their business can use equity to exchange for capital, offering a solution to help digital media brands grow and thrive. This type of funding is as unique as the people who need it, and it is changing the way the media industry finances its business needs.
Another big selling point of Fastpay Capital is that the team is comprised of people who understand the difficulties and unique nature of modern financing and have backgrounds in finance, media, entertainment, legal, technology, and design. This means that the company truly understands the lending needs of this industry.
What Could Fastpay Do Better?
The entire premise of Fastpay is that businesses are given financing for their operations and then asked to repay those funds using a percentage of their sales or income. The concept is good; the disadvantage is this: they don’t generally give you choices or terms on the repayment end. Fastpay will typically require a certain percentage of each sale to repay the loan, which will usually be locked in for everyone.
Fastpay Backstory
Fastpay was founded in 2009 as a financial technology brand that helps provide liquidity and financial workflow solutions to the digital media industry. The company leverages proprietary analytics and technology to address common issues like inefficient processes and long payment terms, helping companies get the capital they need. Their headquarters are in Los Angeles, and the company also has offices in New York, Boston, San Francisco, and London.
Since the company was founded, it has originated more than $2 billion in working capital loans for small to mid-size businesses.
The Verdict
When a company is not in a place to take on a traditional loan, Fastpay is easy with no personal guarantees or credit checks required. Funding is also quick and seamless, alleviating concerns for several small media companies.