Upwise Capital
Upwise Capital offers over 20 small business lending products and serves over a thousand industries. The company charges nothing to apply, and you can review your options once you’ve connected with Upwise.
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The Good
- No Upfront Costs
- Quick Application Process
- Product Availability
- Works with Startups
- Contact Options
- Loan Information
No Upfront Costs
It costs $0 to apply with Upwise Capital. Many other lenders have application fees that cost you before you’re even approved, so this is a low-risk and hassle-free way of applying for a loan.
Quick Application Process
Traditional lenders require a long application before approval; Upwise Capital notes that applying for a business loan from a bank takes an average of 26 hours. But with online lenders the experience is much quicker. Upwise Capital boasts a 10-minute application, which lowers the risk associated with applying and being rejected.
Product Availability
Upwise Capital has over 20 options for customers. Many are perfect for small businesses. Here are the product offerings:
- SBA loans
- Business term loans
- Lines of credit
- Equipment financing
- Working capital
- Invoice financing
- Real estate loans
- Startup capital
- Account receivables financing
- Short term business loans
- Merchant cash advance
Works with Startups
Many lenders consider startups too risky to finance, but Upwise Capital offers startup capital. Startups can expect high interest rates and will likely need to personally guarantee the loan, but many lenders won’t offer this option.
Contact Options
You can reach Upwise Capital through phone, email, or website form. Many online lenders can be difficult to reach, so having a few channels of communication will help you get a hold of a contact.
Loan Information
Upwise Capital breaks down the pros and cons of several popular loan types and describes the average interest rates, terms, and amounts for each. Many lenders won’t give you this helpful information, so take advantage of the education Upwise Capital provides.
The Bad
- Time in Business
Time in Business
Upwise Capital was founded in 2019, so it may not have the longstanding track record that older lenders do. However, you may prefer a newer lender because they address the challenges small businesses seeking capital face in a contemporary environment. Upwise Capital seems to be set up for success, but time will tell, and you may prefer to work with an older business.
The Bottom Line
Upwise Capital has created a strong option for small businesses seeking financing. With a high lending cap and several financing choices, it’s likely that you’d find something for your needs through Upwise. You may prefer another company if you’re looking for a lender that’s been in business a long time, but otherwise, it might be worth giving Upwise Capital a shot.
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User Reviews
Star Rating
8 Reviews
Review Breakdown
Sentiment Criteria
Jon Mikey
I rarely write reviews, but my experience with Upwise Capital was too good to ignore. I worked with Joe who was patient, knowledgeable, and extremely responsive. They got me the capital I needed within one day. They were extremely friendly, and there was no drama. I highly recommend them!
Verified Customer
Anthony S.
They were very helpful in assisting navigating the SBA PPP loan process
Jeff Wacker
Joe at Upwise Capital was great very helpful always picked up the phone when I called and called me with the latest updates on my load would recommend Joe and his team to anyone looking for some Capital...
Verified Customer
Claudio Giacaman
Excellent Service, very professional and always available to answer questions and concerns. I will defenitely use their services again!
Reply from Upwise Capital
May 28, 2020
Thank you Claudio for your review. We are glad we can provide excellent service and look forward to working with you again in the future.
Verified Customer
Jody Meyer
Joe L very quickly found us sources of funding for our PPP application and we received our funding quickly.
Reply from Upwise Capital
May 28, 2020
Thank you Jody for your response, we are glad we could help you with the PPP. We look forward to working with you again in the future, please don't hesitate to reach out!
Verified Customer
Peter DiFilippo
Excellent service and fast results. They are extremely knowledgeable and they know how to help your business.
Reply from Upwise Capital
May 28, 2020
Thank you Peter for your review. We value your business and look forward to working with again.
Scott Peckins
Joe was a big help in walking me through the process. He took all my phone calls no how late at night to make the process of applying and accepting the offer. I look forward to working with him in the future on other ventures where both he and his firm can be of assistance to me in accessing of other grants or loans being offered by the federal government or others.
Reply from Upwise Capital
May 28, 2020
Thank you Scott for your review. We are available 24/7 for our clients, we look forward to working with you on other ventures as well!
Jack Geffken
Great experience. Would definitely use again, Responsive professional service !!
Reply from Upwise Capital
May 28, 2020
Thank you Jack for your review. We are glad you had a great experience working with Upwise and we hope you use us again when you need financing. We look forward to it!
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