Overview

Where does Seek Business Capital do business?

Seek Business Capital is  a marketplace lender based in Los Angeles, CA. It was founded in 2015 and offers access to business loans in 50 states (and Washington, DC).

What are Seek Business Capital’s rates?

Seek Business Capital offers business loans with APRs starting from 9% and up to 22%.

Does Seek Business Capital charge an origination fee?

Yes, Seek Business Capital charges a loan origination fee. 

What limitations does Seek Business Capital set on the purpose of the loan?

Some lenders only provide business loans for certain purposes. Seek Business Capital offers considers loan applications for the following reasons:

• Equipment purchase
• New location
• Product or service expansion
• Working capital
• Business debt refinance

What types of business loans does Seek Business Capital offer?

Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. Seek Business Capital provides access to the following business loan types:

• Unsecured term loans

Does Seek Business Capital charge a late fee?

No, Seek Business Capital will not charge you a late fee. Yes, Seek Business Capital charges borrowers with a late payment fee.

Does Seek Business Capital charge prepayment fees?

Yes, Seek Business Capital charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a loan early.

How much can you borrow from Seek Business Capital?

Loan amounts start at $5,000 and go up to $500,000.

What do you need to qualify for a loan with Seek Business Capital?

Applicants with a credit score of at least 680 can apply for a loan via Seek Business Capital.

Seek Business Capital does not require borrowers to have been in business for a minimum number of years. Active duty servicemembers and their covered dependents are eligible to apply for a loan via Seek Business Capital. Its rates and terms fall within the limits of The Military Lending Act.

Only U.S. citizens and permanent residents can apply for a loan.

What is the estimated funding time for a business loan via Seek Business Capital?

Seek Business Capital can approve (or deny) a loan application within 24 hours and fund business loans within 7 business days of approval.

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