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One Park Financial

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LAST UPDATED: July 3rd, 2020

Based in Houston, Texas and Coconut Grove, Florida, One Park Financial comprises a network of more than 20 funders poised to finance small to mid-sized businesses that struggle to obtain funding through traditional banks. 

One Park Financial aims to provide a fast and hassle-free experience, qualifying you in minutes and funding you within days and with minimal paperwork required.

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The Good

  • Fast Process 
  • Flexible Eligibility Requirements 

Fast Process

To finance with One Park Financial, simply follow their four-step process:

  1. Get prequalified online
  2. Talk to a One Park Financial expert
  3. Review your offers
  4. Prepare for funding 

Applicants are prequalified within minutes of completing an online application and can get $5,000–$750,000 in the bank in as little as three days. 

Flexible Eligibility Requirements 

When you work with One Park Financial, you most likely won’t need to provide collateral and the documentation required is minimal compared to the paperwork required with a bank loan. 

Specific eligibility requirements vary depending on the One Park Financial funder, but you can plan on needing to provide a few months of bank statements, a copy of your driver’s license, and a voided check. Some funders may ask for taxes or proof of ownership. 

One Park Financial values cash flow, not just credit, so you won’t be discounted because of poor credit. 

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The Bad

  • Some Limitations

Some Limitations 

While One Park Financial’s requirements are not as strict as that of a bank, there are some limitations to be aware of, including the following: 

  • You must have been in business for a minimum of 3 months. 
  • You must earn at least $2,500 in gross monthly revenue (the minimum is $12,000 for California businesses and $5,000 for startups). 
  • The company is not accepting brand new customers in California. 
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The Bottom Line

One Park Financial claims to provide hassle-free working capital, and relatively relaxed eligibility requirements are a key part of that. If you haven’t been able to qualify for traditional business loan offerings, One Park Financial may be an excellent alternative. 

Plus, most programs have no early payment penalties for merchant cash advances and some will even reduce your payment amounts if you’re paying off the advance early.

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