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Seek Capital Review
9
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This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.
Advertiser Disclosure
This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.

Seek Capital Reviews

9
Andrew Omalley

WRITTEN BY

Andrew Omalley
Good for - Relatively new or small businesses
Good for - Relatively new or small businesses
About Seek Capital

Seek Capital acts as a marketplace lender for businesses that are looking to get a loan. It has been in business since 2015, having approved over 16,000 loans during that time and approved over $400 million in funds.

It works with a collection of trusted lenders, allowing you to get paired up with a given lender depending on your specific needs as a business. There is a very simple application process in place and Seek Capital can find solutions for relatively new businesses.

9.0

LS SCORE

10

CREDIBILITY

8.0

SUPPORT

10

ACCESSIBILITY

Seek Capital Business Loans Review

Seek Capital offers a number of different types of business loans, mainly focusing on startups and small businesses. It is a marketplace, so it will showcase to you a number of viable options for leading lenders depending on your specific situation. You can work with a dedicated agent to ultimately find the option that is the best fit for you.

Seek Capital Business Loans Highlights

LOAN AMOUNT

$10,000 - $499,999

FUNDING TIME

2 weeks

TIME IN BUSINESS

months

ORIGINATION FEE

None

PREPAYMENT FEE

None

SOFT CREDIT PULL

Yes

LENDER TYPE

Marketplace

Pros & Cons
  • Caters to startups
  • Good track record and reputation
  • Deals with reputable lenders
  • Easy application process
  • High fees can be in place

Seek Capital Business Loans Terms & Requirements

The main types of business loans that Seek Capital offers are equipment financing, short-term loans, invoice factoring, small business loans, SBA loans, and restaurant loans. It mainly focuses on providing loans to small businesses and startups.

There is no application fee charged by Seek Capital and businesses do not have to provide any collateral. Seek Capital will cater to startups and it does not require you to provide any tax returns or financials.

The exact rates and loan terms are going to be dependent on whichever lender you end up going with. The same goes for the types of fees that you might have to pay, such as origination fees and late fees. In some cases, the fees can be pretty high.

How to Apply

If you are considering taking out a business loan from Seek Capital, there are three core parts of the process that need to be completed. First of all, you will choose the type of loan you want to get. A number of different types of business loans are offered by Seek Capital. You can then complete the application process in just a few minutes.

Seek Capital application step 1
Step 1

What will the funding be used for?

When your application gets approved, you will then get a dedicated agent assigned to you. They will help present the various options you are entitled to from various lenders. You can identify the loan that best suits your needs and then complete the process with that given lender.

Qualification Requirements

  • No financials or tax returns necessary
  • Minimum credit scores vary on loan type
  • No collateral needed
  • Monthly revenue requirements to depend on loan type

Required Information

  • Business tax ID
  • Government issued ID
  • Loan amount you seek

Application Steps & Time Frames

Post application approval, the time to funding is going to be dependent on the specific lender you end up choosing. Funding approval usually comes within 24 hours, but receiving funds can take 1-3 weeks. You will be subject to a hard credit check when you officially apply for a loan from a specific lender.

State Availability

Available in all states

Privacy & Security

Seek Capital isn’t responsible for the lenders they recommend. One of the main complaints in the negative reviews received by the company is that they make multiple credit applications, including hard pulls of credit, in order to get funding on behalf of businesses.

While they do this with the business owner’s permission, it seems that many people who are unhappy with Seek Capital were unaware that hard pulls of their credit profile could cause their FICO scores to drop.

Seek Capital’s privacy policy is comprehensive. It states that they may use any personally identifying information provided by a potential applicant, including phone, text, and email. Anyone who wants their personal information deleted from Seek Capital’s database can do so by calling 1-855-402-9224, Monday to Friday, between 8 am and 5 pm PST.

Trust Pilot has plenty of reviews from Seek Capital customers with an average score of 4.5 out of five stars. Reviewers noted that the application process was fast and easy. Negative reviews focused on the amount of hard credit pulls Seek Capital initiated with various funding sources.

Customer Support

There is customer support available to you six days a week during normal working hours. You can talk with an experienced team member over the phone or send them an email. You will generally be exposed to high-quality and timely replies. The help centre is also full of plenty useful Q&As, which help guide you throughout the process of applying for a loan through Seek Capital.

Phone Support
(844) 854-0116
Mon-Sat
6am-6pm PT

In Conclusion

Getting a business loan through Seek Capital is going to be an ideal solution for business owners who want to have a very simple process to assess their financing capabilities. The fees in place will vary depending on what lender you end up choosing, which is something to keep in mind. Seek Capital is a great fit for relatively small businesses or those that might just be finding their feet.

Disclosure

This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.

WRITTEN BY

Andrew Omalley

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.

9.0

LS SCORE

10

CREDIBILITY

8.0

SUPPORT

10

ACCESSIBILITY
Opening Hours
Mon-Sat
6am-6pm PT
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