VIP Capital Funding works with small businesses to provide loans ranging from $20,000 to $35 million. Founded in 2019, the company works with hundreds of industries and operates in all 50 states.

VIP Capital Funding currently offers three primary loan products: 

  1. Economic Injury Disaster Loan (EIDL)
  2. Short-Term to Mid-Term Working Capital 
  3. Main Street Lending Program (MSLP) 

The minimum credit score requirement ranges from 600–680 depending on the loan type requested.

The Good

  • Easy Application and Pre-Approval Process
  • Short-Mid Term Working Capital
  • Additional Financial Products
  • High Approval Ratio
  • Quick Turnaround
  • Control over Funding
  • Loyalty Benefits
  • VIP Capital Funding Reviews

Easy Application and Pre-Approval Process

VIP Capital Funding provides consumers with an online application form that is available 24/7. The form requires a first and last name, mobile number, alternate phone number, company name, monthly revenue, and email address. Upon completing the form, applicants will be contacted by a VIP Capital Funding representative who will walk customers through the entire process. In essence, this step is to ensure that clients are getting the most accurate offer. From there, applicants generally get pre-approved within 24 hours. 

Short-Term to Mid-Term Working Capital (MCA) 

VIP Capital Funding's most recognized product is the short- to mid-term working capital loan. Designed specifically for small businesses, the business working capital product can be used for any business expenses such as inventory, marketing, day-to-day operations, payroll, etc. 

  • Term lengths range from 3 months to 36 months 
  • The minimum credit score is 600 
  • Requires $400,000 in annual revenue
  • Pre-approval within 24 hours
  • No prepayment penalties
  • Renewals after 50% of the loan is paid down
  • Receive funding within 1–2 business days

Additional Financial Products

VIP Capital Funding also offers funding by way of the Emergency Economic Injury Disaster Loan (EIDL) and the Main Street Lending Program (MSLP). 

  • Emergency Economic Injury Disaster Loan (EIDL): The loan can be up to $150,000 with a 30-year term, 12-month deferment, and a 3.75% interest rate. It requires $400,000 in annual revenue and a credit score of 640. 
  • Main Street Lending Program (MSLP): The loan ranges anywhere from $2 million to $35 million with a 5-year term, 12-month deferment, and 3% APR. It requires $5 million in annual revenue and a credit score of 680. 

Fortunately for business owners, VIP Capital Funding has a number of financial products available (all are based on the ways a small business may generate revenue). Alongside its Short-Mid Term Working Capital loans, VIP Capital Funding offers the following:

  • Real Estate Asset-Based Loans
  • Investor Term Loans
  • Long Term SBA Funding
  • Bank Term Loans
  • Line of Credit
  • Residential Real Estate Investment Funding
  • Commercial Real Estate Investment Funding

Potential borrowers should keep in mind that the funding ranges, term lengths, credit ranges, and funding time will vary with each loan type. 

High Approval Ratio

VIP Capital Funding claims an approval ratio of 90%. Approval rates are typically much lower and they can vary by industry, but you’ll rarely see an approval rate over 60%; the approval rate for big banks is around 30%.

It’s impressive that VIP Capital Funding is committed to its clients and maintains a high approval rate. Businesses struggling to find a lender might have success with VIP Capital.

Quick Turnaround

Waiting for approval can be frustrating, and many traditional lenders take months to approve and process a loan. VIP Capital Funding advertises pre-approval within 24 hours and fund delivery within one to two days. 

This quick turnaround is handy if you need a loan fast. As an additional perk, VIP Capital Funding charges no upfront fees and requires no personal guarantee. This can speed up your turnaround process even more because you don’t have to worry about the financial burden of applying or the burden of providing collateral.

Control over Funding

VIP Capital Funding doesn't control how customers use their funding. Customers can use the funds for repairing equipment, maintaining operations, making an investment, etc.  

Loyalty Benefits

VIP Capital Funding's primary focus is the customer and the company works hard to build and maintain long term relationships with all its clients. To back up this claim, VIP Capital Funding offers discounts on fees on renewal loans and customers may qualify for lower pricing with each subsequent small business loan.

VIP Capital Funding Reviews

Reviews left on BestCompany.com for VIP Capital Funding are mainly positive. Several reviews praise the company's professionalism, organization, and financial advice. While others commend VIP Capital Funding's ability to get their funds quickly and efficiently. 

The Bad

  • Quote Required for Individual Funding Details
  • Time in Business

Quote Required for Individual Funding Details

Like with most lenders, you’ll need to reach out for a quote to learn how the company can meet your business’s specific needs. This is because you’ll need to provide information about your business such as revenue, time since founding, and credit score. Without this information, a lender can’t give you an accurate estimate. So while this may seem like an inconvenience, it’s in your best interest to contact a company representative to receive accurate rates prior to choosing a lender.

Time in Business

VIP Capital Funding was founded in 2019. You might also consider a new business a benefit because a new business addresses contemporary needs for business lending; however, most lenders have more experience under their belts. 

The Bottom Line

VIP Capital Funding has a lot to offer, with several loan types and an impressive max loan amount of $35 million. The company partners with reputable financial institutions to find a fit for your business, and the quick advertised turnaround exhibits a high standard of customer service.

VIP Capital Funding may not be for you if you want a lender with longstanding industry experience or if you want to choose a larger loan marketplace to shop from the widest possible range of lenders.

But for most small businesses needing between $20,000 and $35 million in funding, VIP Capital Funding is well-equipped to meet those needs. 

User Reviews

Star Rating

4.9
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6 Reviews

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Gilbert Kramer

December 17th, 2020 Columbus, OH

This company is relentless, they show no fear and will continue going up to bat for you until a good deal is done.

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Hannah Gill

January 13th, 2020 Bellevue, WA DETAILS arrow_drop_down
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Our automotive shop really benefited from VIP Capital Funding's working capital. They offered a good amount of capital with a variety of financial solutions

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Penelope North

December 18th, 2019 Valley Village, CA DETAILS arrow_drop_down
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I recommend this company to anyone looking for some really good funding offers especially if you are having trouble getting cash in other places. Their funding process and personable communication is top notch.

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Ashley Scott

December 11th, 2019 Raleigh, NC DETAILS arrow_drop_down
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These guys are very effective in getting the exact amount you want with reasonable terms as well as giving informative information to help make a decision. The extra cash flow will serve my business well over the holidays.

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Abiezer Adams

November 19th, 2019 Raleigh, NC DETAILS arrow_drop_down
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VIP Capital Funding did an excellent job of getting me the best offer and terms available as well as give really good information to aid my business financially. However the interest is a tad bit high. I will be working toward using the current loan to help cash flow and will be working with them on a bank loan in the near future.

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Warren Fisher

November 12th, 2019 Raleigh, NC DETAILS arrow_drop_down
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My experience was great, Josh was able to get funding offers for me that other firms I have worked with in the past couldn't. This is a hard nose bunch, that can get the job done.

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