Seek Capital

• Credit Card Funding
• Procurement Process
• Funding Flexibility
• Satisfaction Guarantee
• Funding Viability Assessment
• Additional Services

Credit Card Funding

The company provides business owners funding via credit cards, with amounts ranging from $5,000 to $150,000. For the first 12 months, the introductory rates are 0% APR, and are 9-22% APR thereafter. Business owners can withdraw what they need and pay interest only on the amount used. Payments are flexible.

Procurement Process

The company provides a custom funding plan by conducting a deep analysis of the business/business owner’s profile, such as assets, income, and credit profile. A team of underwriters uses a funding calculator to provide a range-based funding estimate to the business owner for approval with details about funding amount, rates, and terms. Applications can be submitted the same day with funds available within two to four weeks.

Funding Flexibility

There are no restrictions for funds obtained with assistance from Seek Capital. The loan amount can be used for whatever a business needs, including the following:

• Inventory
• Expansion
• Equipment
• Staff
• Remodel
• Vehicles
• Advertising
• Payroll
• Emergencies

Satisfaction Guarantee

Seek Capital is a business consulting company rather than a direct lender, so in addition to interest due to lenders, clients pay the company for its services. However, the company works for free on the client’s behalf until funding is obtained, at which point the one time fee is 9.99 percent of the loan amount. If clients are not completely satisfied with Seek Capital’s services, the company promises to correct the situation and/or provide a refund or offer credit that can be used in the future.

Funding Viability Assessment

Business owners who have failed to obtain sufficient funding in the past can benefit from Seek Capital’s funding viability assessment. The company uses proprietary technology to evaluate a business based on performance and other attributes that make up a business’s funding opportunities and indicates what may be required to enhance probability of funding.

Additional Services 

In addition to obtaining funding, new or prospective business owners can work with Seek Capital for the following business needs:

• Entity creation, including setup process, obtaining a Federal Tax ID Number, and assistance with Registered Agent and Operating Agreement Services.
• Business plan creation, from simple, top level plans to detailed analytics, growth, and cash forecasting.
• Website creation for both e-commerce and standard web presence sites. This includes inventory management, transaction processing, and social media integration (all mobile ready).
• Business insurance coverage
• Mortgages

• Experience
• Loan Options 
• More Details Needed 

Experience

Founded in 2014, Seek Capital is a relatively young company that focuses specifically on young businesses so the amount of funding it is able to procure for business owners ($500K) is limited compared to competitors who can finance loans in the millions.

Loan Options

It is unclear what types of loans, if any, Seek Capital offers beyond unsecured line of credit, such as a term loan or merchant cash advance. That being said, customers are not limited in what they can do with their line of credit: the business loan can be used for startup costs, working capital, equipment leases, expansion, debt consolidation, or anything else. 

More Details Needed 

Seek Capital does not require collateral and offers loan amounts from $5,000 to $500,000. Aside from those details, there is some information prospective borrowers will want prior to applying for a loan, including the following: 

• Minimum business credit score
• Minimum personal credit score 
• Minimum annual revenue
• Repayment term options
• Termination fee
• Application fee
• Interest rate averages or case studies