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.
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.
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.
Upwise Capital has over 20 options for customers. Many are perfect for small businesses. Here are the product offerings:
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.
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.
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.
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.