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)
Swift Capital offers business loans with APRs ranging from 9.9% and up to 0%.
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.
Some lenders only provide business loans for certain purposes. Swift Capital offers considers loan applications for the following reasons:
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:
Yes, Swift Capital charges borrowers with a late payment fee.
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.
Loan amounts start at $5,000 and go up to $500,000.
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.
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.
Swift Capital will typically fund the loan within 0 business day of approval.
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