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1 User Review



Overall Score

Founded in 2002, Capify, formerly AmeriMerchant, arranges financing for small businesses. The company does not offer provide the loans directly, but arranges funding through its affiliates and subsidiaries. Capify offers two types of products: business loans and merchant cash advances, which is funding based on future projected credit and debit car sales. Businesses can borrow between $5,000 and $1 million. Loans obtained through Capify do not have monthly payments, but instead have fixed, daily repayments. Capify has an online portal that allows businesses to apply for loans online and get a decision in as little as 60 seconds. Capify offers loans to businesses in most parts of the United States., the United Kingdom, Canada, and Australia.

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The Good

  • Easy application process
  • Simple loan terms
  • Fast turnaround

Easy Application Process

Capify provides a simplified application process that businesses complete online. The company can provide loans ranging from $5,000 to $1 million. Capify provides loans for businesses in many different industries. To qualify for a Capify loan, your business must have been in operation for one year, have at least $10,000 a month in gross sales, and you must be able to provide proof you own the business.

Simple Loan Terms

Capify offers small business loans that do not have the traditional interest rate. Instead, businesses are presented with a payback amount and fixed payments are deducted daily. Capify loans can be used for any business-related expense, including inventory, advertising and marketing, hiring employees, renovating existing commercial buildings, and expanding or purchasing new real estate. You do not have to provide collateral or a personal guarantee for a Capify loan. Businesses also do not need to have a business plan to qualify for funding.

Fast Turnaround

You apply online with Capify and you can be approved for a loan within seconds. Once your application is complete, you can receive some types of funding within three days.


Capify looks at your business' funding history, not your personal credit history. Businesses can receive loans even if their owners have a poor credit score. Capify claims its approach to lending gives it the "capability to approve 90% of qualified applicants".

International Availability

Capify does not limit its financing support to businesses in the U.S. The company offers financing products to businesses in most parts of the United States, the United Kingdom, Canada, and Australia.

The Bad

  • Missing information
  • Non-transparent costs and terms
  • Restrictions

Missing Information

Like most lenders with online applications portals, Capify does not give much information up front about the costs of its loans. Business owners need to complete the online application or call the company to find out how much funding they qualify for and what the payment terms for that funding will be.

Non-Transparent Costs and Terms

Capify does not charge traditional interest rates for its small business loans. The company decides on a payback amount and sets up fixed daily payment deductions until the loan has been paid back. Business owners who are interested in this type of loan could benefit from an analysis of the total cost of Capify's daily payment plan versus the more traditional payments made on loans with interest rates that are paid on a monthly basis. Capify's website also does not include information about any costs or fees that may be associated with its loans, such as prepayment penalties, origination fees, closing costs, or documentation fees. Borrowers could also benefit from knowing how long they can borrow money from when they apply for a loan from Capify. The company states it loans are usually for shorter terms than traditional loans that require collateral, but it does not list the length of terms it can offer loan applicants.

More Application Information Needed

Capify does not inform business owners who fill out the online application what to expect or what information they need to provide. Loan applicants may want to know if there will be a hard pull of their credit history, which could impact their credit rating. Applicants would also benefit from a terms of service section before they begin their application that would let them know what companies Capify may share their information with and what privacy protections Capify will provide.


Capify does not provide loans to startups that have been in operation less than one year or to very small businesses with less than $10,000 per month in gross sales.

The Bottom Line

Capify provides a simple, online loan application for small business owners who may want to consider a non-traditional loan. The company has years of experience providing funding to small businesses and provides a product with a straightforward payback amount that is covered with fixed daily payments. Capify's loans may have higher costs than traditional term loans that require collateral, so businesses will want to verify that the benefits of the loans outweigh the costs. Capify has financing products available in four countries and can arrange financing for businesses nationwide.

If your business has been operating for at least a year and you have gross sales of at least $10,000 per month, or you have a poor credit rating, you may want to apply for a loan with Capify to determine what the costs will be compared to other lenders' products.

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    April 29th, 2016

    I would thoroughly do your research before releasing any documentation to this company. We dealt with a 'consultant' & a superviser. They are very misleading, They did not confirm interest rates after we asked multiple times, did not return calls and emails once our documents were received BUT We were harassed with phone calls to lodge an application & then when we did it they didn't want to talk AT ALL- TOTALLY FELL OFF THE FACE OF THE EARTH . We had pre-approval. There was no APPROVED OR DECLINED After this and ignored any contact we made for confirmation. The reviews i have read on the internal organisation sums up our experience. Poor system Poor Service & Poor Ethics.