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 APRs ranging from 9.9% and up 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 depositing your money, 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?

Some lenders only provide business loans for certain purposes. Swift 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 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 a late fee?

Yes, Swift Capital charges borrowers with a late payment fee.

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 for a Swift Capital business loan?

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 requires businesses to be in business for at least 1 year in business. Active duty servicemembers and their covered dependents cannot apply for a loan via Swift Capital. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.

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

Swift Capital will typically fund the loan within 0 business day of approval.

  • Max Loan Term (Months)
  • Institution Type
    Direct Lender
  • Credit Score Range
    500 - 850
  • Minimum Revenue
  • Minimum Years in Business
  • No Prepayment Fee
  • Origination Fee
    1% - 2.5%
  • Business Loan Type
    Merchant Cash Advance
  • Intended Use of Funds
    • Business Debt Refinance
    • Equipment Purchase
    • Lease Improvements
    • New Location
    • Product or Service Expansion
    • Working Capital
  • Funding Time Range (in days)
    Up to 1
  • Loan Amount
    $5000 - $500000
  • APR
    Starting at 9.9%
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