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Seek Capital

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24 User Reviews

7.1

Overall Score

Seek Capital, a Los Angeles-based business consulting company, helps small businesses, especially startups, obtain funding through an unsecured business line of credit. Loans can be obtained in amounts from $5,000 to $500,000 without restrictions on how funds are used.

Seek Capital approves more than nine out of every ten qualified applicants. So if venture capital is what you seek, read on. 

Or jump straight to Seek Capital reviews written by small business owners like you. 

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The Good

  • 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

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The Bad

  • 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
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The Bottom Line

Startup business owners would benefit from looking into Seek Capital for business capital, specifically its funding viability assessment, prior to applying for a loan (or after their loan application has been rejected elsewhere). 

Be aware that owners of larger businesses with higher funding needs may find the company's funding procurement inadequate, but if you don't need more than a $500,000 loan, it's definitely worth looking into. Plus, the company's 100 percent satisfaction policy makes it a no-risk company to work with, and its U.S. based sales and support team is a bonus. 

Consult Seek Capital reviews below to gain further insight into working with this loan provider. 

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Star Rating

4.4

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24 Reviews

Review Breakdown

5 grade

83%

4 grade

0%

3 grade

0%

2 grade

4%

1 grade

13%

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Nathan P. Minneapolis, MN

Seek Capital was the 3rd or 4th company I spoke to in finding unsecured business funding. They soft pulled my personal and company credit scenarios, and talked about my options now, in a few months, and what I can do in a few years. They outlined the process thoroughly, set my expectations (my score was 770 and they aimed to get 80-100k in credit cards, told them to MAX get $130k), and within 7 days of signing paperwork I'm at 109k in funding. Their people have been responsive (phone as well as email) and are thorough on tracking my 'client progress', PLUS they offer post-card-acquisition support so I use the tools most effectively. Will be back for more business in the future, this process has been better than my (high) expectations.

2 years ago

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Subhash Jaini Richmond, VA

As long as you know the parameters, you are good. I was expecting to take on a 20-30% loan for the amount of money Seek got me approved for. Yes, they charge about 10% and most of the lines (in my case) were 15-25%... however... with 0% introduction rate, I won't be paying that interest until I start using it (in about 8-12 months if that, I may not even need to use these lines). So yes, I pay 10% now, but now my cash flow isn't hurt and, I can run my business with more peace of mind!!! Non-Seek Method (assuming you even apply) -100k with 20% interest is 20k a year non-stop. -all cash available now Seek Method: -100k, 10% one-time fee -now you have a lot of credit lines you can ask for increases for later -no interest for 12-18 months -3-4% fee when you turn your to cash (which they have a specialist help you with) This is much better IMHO because it falls on me to use the line responsibly. If I was given 100k to produce 20k a year, I would be pressed to make quick decisions and use up that money. With these lines, I can basically run my business knowing if I need to borrow, I can.

3 years ago

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Kathy L Moody Beachwood, OH

What a great experience!! Going from not knowing if the program will work for you, to getting qualified for more capital than expected, this team was fantastic! Steve P., Ashley G., Marc S. and Cody E. helped me all along the way! They answered all of my questions and made sure I understood the process. I will be happy to refer any of my associates to Seek should their needs require this service.

3 years ago

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Ryan Los Angeles, CA

Simple process, very helpful for a new business during these difficult times. Not sure why some of these other people are complaining. Seek Capital was straight forward with their pricing, time frames etc. The agreement signed had no fine print, all pretty easy.

1 year ago

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DannyN Woodland Hills, CA

We received funding in less then 10 days from when we inquired. As a new business, we were getting declined from other lenders, so very thankful that Seek Capital were able to fund our business while we were still in build out phase

1 year ago

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Jon Zahab Pasadena, CA

Great experience! Helped me get me credit line even though I started my business a month ago. Really helpful reps that guided and kept me updated the whole way. Recommended to my friends looking to start a business! - Jon Zahab

1 year ago

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Johnny Zonner Sarasota, FL

Took me forever to finally make a decision on a loan. I didn’t have many options since i Just launched my company. But I found Seek who work with new businesses. What I like about them is it’s only a one time fee and not a weekly or daily payment like these other companies. Plus I get to build business credit, which was a plus.

3 years ago

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Kenneth Wu Schenectady, NY

It was really tough trying to get money to open my food truck. Everyone wanted to see my tax returns and bank statements which I did not have since I wasn’t open yet. Gotta give it to seek. I got $25,000 and I didn’t hVe to pay them anything until they got me the cash. Friendly group over there!

3 years ago

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Dennis Lenore Los Angeles, CA

Seek has been a life saver! I just launched my development business for mobile games, and finally was able to pay my developer to get started in building my app! I got declined by all these loan companies and finally found Seek to help me out. They do good work with exceptional service.

3 years ago

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Tommy Canyon Country, CA

I had a great experience working with Seek! The process was handled smoothly and I was able to get the money I needed to order my equipment for opening my restaurant. It was hard because no lenders would help me since I don’t have any deposits since I just started my franchise. Go seek!

3 years ago

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John Willard Los Angeles, CA

Not sure what I would of done if I never found Seek. They didn't care that I didn't have revenue yet and really walked me through the program. They prepared a great business plan for me! This was my first business and I didn't know where to start. Seriously, thank you guys!!

3 years ago

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Isam Alshehabi

I liked that at first they knew how to work their way out of a lot of questions. They made the $35000 that I needed seem to easy to get that they promised $50000 which is smart but dishonest at the same time. They need to include honesty in their work.

2 years ago

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Joanna Walker Texas City, TX

I used Seek Capital last year to get my business running. They were great and very knowledgeable which I appreciated for as a new business owner. I also got my business insurance through them which was great.

1 year ago

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Sebastian Fuller Los Angeles, CA

Trying to get money when you don’t have cash flow is tough. Thankful I found these guys. I just finished them Seek. I finished with $97000 in credit and was able to transfer money into my account to buy another property.

3 years ago

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Jasmin Tacoma, WA

Had a great experience with Seek capital. They really know what theyre doing. My english isnt so great but i cant thank Luis enough for being so patient helping me through process. Thank you Luis!!

3 years ago

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Axel Los Angeles, CA

I would recommend these guys if you haven’t really opened our business yet. They do a good job of explaining everything and even help you setup your LLC. Thanks again Seek Team!

3 years ago

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Sean Walker Pasadena, CA

Really enjoyed working with the Seek team. They were upfront, honest and the whole process was simple. I got the credit cards I needed and didn’t have to pay crazy fees to get um. Sean Walker

3 years ago

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Sonny Harris Rancho Palos Verdes, CA

Great customer service! On-time delivery of the promised services. I'll definitely recommend this company to anyone looking to access business credit. Thank you for all your help.

3 years ago

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Stephanie Eastman Cape Coral, FL

Horrible scam of a company. Was looking for CASH and ended up with tons of credit card applications with minimal cash limits that I had to cancel. Who needs 10 credit cards!!? Would not allow me to cancel less than 24 hours after making agreement and within the 48 hour cancellation window. Kept hanging up on me and transferring me to other operators and then told me they "didn't see a need to cancel and weren't going to do that." Ran my bill up with them to almost $4,000 and made me beg and cry before they would allow me to cancel but also told me they would be billing me in the future for any other credit cards opened after I paid my invoice of almost $4,000. An invoice they forced me to pay before allowing me to get off the phone. INSANE. I have never in my life experienced such a scam or phone bullying. Extremely UNETHICAL.

2 years ago

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Eddie Salas Brooklyn, NY

Seek capital did a great job. I’d highly recommend them. Honest people and really helpful if you don’t know too much about getting setup with your business.

3 years ago

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RyanW Los Angeles, CA

Very happy with the service I received. Staff were very helpful for me to understand the terms and the fees.

10 months ago

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OBORA SAMUEL

Its a good company, they give anybody chance to borrow but they must favour every denominations such that they will widely be known

2 years ago

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Jhonattan Rosemead, CA

They lie, applications that one can fill out or walk into banks and one can get free help to fill out they charge for.

2 years ago

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Vijay Plano, TX

They could not meet my expectations. I missed my business investment target. They need to improve upfront assessments correctly and should not give high hopes.

2 years ago

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