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  FastPay Capital

FastPay Capital

in Accounts Receivable Financing from FastPay Partners LLC

Unaffiliated

FastPay Capital

Unaffiliated

in Accounts Receivable Financing from FastPay Partners LLC

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Highlights
Loan Amount $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 is 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 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
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Contact

  • Headquarters
  •   8201 Beverly Blvd, Suite 600
    Los Angeles, CA 90048
  •   Visit Site

Other Services by FastPay Partners LLC

Availability

  Available in 48 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Origination Fee  
Business Financing Requirements
  • Business License
  • Business Bank Account
Credit Score Range 500 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Invoice Collection Structure Collected By Lender Directly
Invoicing Type B2B
Military Status
  • Non-Military
  • Veterans
Minimum Age 18
Minimum Revenue $0
Verification Documents Required
  • Proof of Income
  • Proof of Identity
  • Business Formation Documents
  • U.S. Tax Identification Number
  • Recent Bank Statements
  • Social Security Number
  • Business Tax Return
  • Employer Identification Number
Collateral Requirement Unsecured
Intended Use of Funds Working Capital
Approval Speed 48 hours
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Frequency Monthly
Payment Options
  • Automatic Payments
  • Credit/Debit Card
  • Bank Transfer
Loan Amount $5,000 - $100,000

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