Where does Swift Capital do business?
Swift Capital is a direct lender based in Brea, CA. It was founded in 2014 and offers access to business loans in 50 states (and Washington, DC).
What are Swift Capital’s rates?
Swift Capital offers business loans with fixed APRs starting from 9.9% to 0%.
Does Swift Capital charge an origination fee?
Yes, Swift Capital charges a loan origination fee of 1% to 2.5% of the loan amount. Swift Capital deducts the fee directly from your loan amount before disbursing loan proceeds, so make sure you take this fee into account when deciding how much you need to borrow.
What limitations does Swift Capital set on the purpose of the loan?
Swift Capital considers loan applications for business purposes, such as:
- Business Debt Refinance
- Equipment Purchase
- New Location
- Product or Service Expansion
- Working capital
What types of business loans does Swift 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. Swift Capital provides access to the following business loan types:
- Merchant Cash Advances
Does Swift Capital charge prepayment fees?
No, Swift Capital does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
How much can you borrow from Swift Capital?Loan amounts start at $5,000 and go up to $500,000.
What is the maximum loan term you can get with Swift Capital?
Swift Capital offers business loans with a maximum term of 12 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What do you need to qualify for a loan with Swift Capital?
Applicants with a credit score of at least 500 can apply for a loan via Swift Capital. Swift Capital does not require borrowers to have been in business for a minimum number of years. Businesses must have a minimum annual revenue of $50,000. .
What is the estimated funding time for a business loan via Swift Capital?
Swift Capital can provide a credit approval decision in less than an hour and fund the loan within 0 business day.
330 E Lambert Road Suite 275
Brea, CA 92821 USA
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- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia