We receive advertising fees from the brands we review that affect the ranking and scoring of such brands.
Advertiser Disclosure
advancepoint logo

Advancepoint Capital Reviews

8.8

bestfor-icon Small businesses looking for a quick funding

andrewo
Written by Andrew Omalley

About Advancepoint Capital | Read More

9

LS Score

9

Credibility

8

Support

9

Accessibility

Visit Site
Opening Hours Opening Hours drop-down-btn
7 days a week 24 hrs/day
Contact Information Contact Information drop-down-btn
  • customercare@advancepointcapital.com
  • (800) 381-8920
  • 51 Haddonfield Road, Suite 135 Cherry Hill, New Jersey 08002
Social Media Social Media drop-down-btn
facebook-icon twitter-icon linkedin-icon

Advancepoint Capital Business Loans Review

AdvancePoint Capital works with businesses across various industries to meet their business loan needs. Its main goal is to help small businesses thrive by providing the necessary financial resources. This is done through regular business loans, lines of credit, accounts receivable financing, invoice factoring, and merchant cash advances.

AdvancePoint Capital acts as a marketplace rather than a direct lender, so you get much more variety of choices. It only works with reputable lenders.

Advancepoint Capital Business Loans Highlight

620

Min Credit Score

$10K-$5M

Loan Amount

6 months - 10 years

Repayment terms

Yes

Soft Credit Pull

Marketplace

Lender Type

Varies by lender

Other Fees

0-5%

Origination Fee

Varies by lender

Prepayment Fee

3 Days

Funding Time

$180K

Annual Revenue

6+ Months

Time in Business

Pros & Cons

drop-down-btn
  • con-icon Straightforward application process
  • con-icon Funding possible in as little as 24 hours
  • con-icon Good track record of serving small businesses
  • con-icon Provides access to a range of trustworthy lenders
  • con-icon Doesn't provide too many details on eligibility standards
  • con-icon The origination fees can sometimes be high

Business Loan Types

drop-down-btn
  • SBA Loans
  • Business Line of Credit
  • Business Term Loan
  • Working Capital Loans
  • Invoice Financing
  • Invoice Factoring
  • Equipment Financing
  • Term loans
  • Short-Term Business Loan
  • Merchant Cash Advances
Visit Site

Advancepoint Capital Business Loans Terms & Requirements

AdvancePoint Capital offers many different types of business loans, including a regular business loan, a business line of credit, SBA loans, equipment financing, revenue-based financing, invoice financing, small business term loans, and cash advances.

You can explore the different options on the AdvancePoint Capital website and see the terms and options most suitable for you.

If you’re applying for a regular business loan, the amount can range between $10,000 and $5 million. The term lengths start at 6 months and go up to 10 years. You’ll have the flexibility to use the funds as you please.

Another one of the more popular options at AdvancePoint Capital is a line of credit, with companies able to access between $10,000 and $2 million in revolving lines of credit that allow them to quickly draw money on demand through their computer or mobile app. Here’s a quick breakdown of the main options:

Loan Type

Amount

Term Length

Business Loan

$10,000 to $5 million

6 months to 10 years

Line of Credit

$10,000 to $2 million

Ongoing

SBA Loans

$25,000 to $5 million

5 to 10 years

Equipment Financing

$25,000 to $350,000

3 to 5 years

Revenue-Based Financing

$10,000 to $2 million

Ongoing

Invoice Financing

$10,000 to $5 million

Ongoing

AdvancePoint Capital doesn’t provide too many specifics on what qualifying factors it looks for when assessing applicants. Still, they emphasize the need to have a decent credit score, and preference is given to businesses in operation for at least two years.

AdvancePoint Capital won’t usually run a hard credit check when you submit an official application online. If you decide to go ahead with one of the loan offers, then the specific lender will conduct a hard credit check.

While AdvancePoint Capital doesn’t disclose interest rates, as it is a marketplace, you can shop around for a reasonable deal. Origination fees can be 0% all the way up to 5% of the loan size.

How to Apply

The application process for a business loan with AdvancePoint Capital takes as little as a few minutes. It is very transparent, with no hidden fees.

The initial step involves going to the AdvancePoint Capital website on your computer or phone and starting the application process.

Advancepoint_question-1
Question 1

How much do you need?

advancepoint_application_Q2
Question 2

Age of business

Advancepoint_app_Q3
Question 3

What is your monthly sales revenue?

Advancepoint_app_Q4
Question 4

What is your credit score?

Advancepoint_app_Q5
Question 5

In which state is your business located?

Advancepoint_app_Q6
Question 6

Contact information form

You provide typical information, such as your business’s revenue, start date, and credit score. AdvancePoint Capital also needs details about the size of the loan you’re looking for. Then, you submit the form and will be presented with the most relevant loan options.

You can work with one of AdvancePoint Capital’s financing experts who will help you understand more about the loan types and terms. Once you’re happy to proceed, you may be subject to a hard credit check from the specific lender, and you often have to upload scans of certain important documents.

You can get access to the funds in as little as 24 hours. The exact funding time depends on the type of loan product you go for.

Qualification Requirements

As AdvancePoint Capital is a marketplace, the exact requirements vary depending on the specific lender you choose. This means there are no hard and fast eligibility requirements for these business loans.

  • Credit Score & Credit History: Varies by lender
  • Minimum Time in Business: greater than 6 months 
  • Minimum Annual Revenue: Varies by lender
  • Minimum Age of Borrower: 18 years old
  • Citizenship/Residency: Varies by lender

Required Information

All the lenders that AdvancePoint Capital works with generally will have similar information that it needs to gather from a business owner before issuing them a loan.

This includes business bank statements, tax returns, the balance sheet, and profit and loss statements. The lender needs to ensure that all the information you provide is accurate before issuing funds.

Required documents when applying for a loan through AdvancePoint Capital include:

  • Business bank statements
  • Balance sheet
  • Personal tax returns
  • Business tax returns
  • Profit and loss statements

Application Steps & Time Frames

Getting started with an AdvancePoint Capital business loan is quite streamlined, only requiring a handful of steps and not much time at all. Here’s a quick breakdown of the key steps and their estimated timeframes:

  1. View initial quotes (<5 minutes)
  2. Choose a funding solution (situationally dependent)
  3. Submit an official application with the chosen lender (approx. up to 30 minutes)
  4. Obtain funding (24-72 hours)

State Availability

- Available in all states

andrewo
Written by Andrew Omalley facebook-icon twitter-icon

Andrew is a freelance writer who has been crafting valuable pieces of content relating to personal finance for more than five years. Previously, he studied Economics & Finance at university and he has professional qualifications relating to financial advice.

faq-icon

FAQ’s

What size business loans does AdvancePoint Capital offer?

You can get a standard business loan for amounts ranging between $10,000 and $5 million.

What is the typical repayment term for a business loan?

Repayment terms for a business loan with AdvancePoint Capital range from 6 months to 10 years.

What are the current interest rates that AdvancePoint Capital charges?

Since AdvancePoint Capital is a marketplace, rates change regularly. Interest rates vary widely depending on the lender and your credit score.

Customer Support

AdvancePoint Capital offers a variety of useful tools to help determine your exact business loan needs. The website features a range of calculators that show if you qualify based on key parameters, such as the size of the loan you need, your desired interest rate, and the loan term. It also shows the estimated monthly payments you can expect.

The blog is filled with useful articles related to their products. For example, you’ll find posts explaining how to easily fill in the application form or learn about the exact requirements for certain products.

If you need to contact the AdvancePoint Capital support team, there is a dedicated phone number for prospective and existing customers. These lines are typically open 24/7, meaning you can always try to resolve an issue without having to wait. The other option is to send an email, as live chat is not currently available.

Privacy & Security

AdvancePoint Capital has developed a strong reputation since starting over a decade ago. It has an A+ rating with the Better Business Bureau and a 4.8/5 rating from dozens of Google reviews.

The company ensures the protection of your sensitive data by utilizing SSL encryption. They will only share your data when you give permission, such as when you seek to get quotes through the marketplace for a business loan.

In Conclusion

AdvancePoint Capital is a reputable company that offers businesses a wide range of funding solutions. Customers tend to favor their fast turnaround time, easy-to-use website, and quick registration process.

The marketplace element also allows you to compare a wide range of different lenders, weighing up their fees, rates, and eligibility requirements to find the option that best suits your needs.

Brand Disclaimer

Advancepoint Capital offers a variety of financial solutions for businesses, including loans, lines of credit, cash advances, SBA loans, equipment financing, invoice factoring, and other
revenue-based financing options. These services are provided through a network of independent third-party funding providers. Approval for these offers is contingent upon meeting prequalification and/or underwriting criteria, which encompass factors such as business and personal credit history, time in business, cash flow, revenue consistency, and industry-specific underwriting regulations.