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GoKapital Reviews - Expert Analysis & User Insights for 2022

If you are thinking of applying for a small business loan with an alternative lender, GoKapital might be a great option to consider. Below, our expert is going to take a look at the application process and the loan types offered by GoKapital, their strengths and limitations, the associated rates and payments, and the overall customer sentiment towards their experience with the lender.

GoKapital review
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Min. Credit Score
Min. Credit Score 630+
Loan Amount
Loan Amount $20K- $5M
Loan Repayment
Loan Repayment 3 - 18 months
Gordon Scott
Chartered Market Technician (CMT)

Expert Reviewer’s Verdict

GoKapital offers seven different types of loans to choose from. Its straightforward application process and tailored solutions are great not only for existing businesses but for start-up companies as well. The company is willing to work with anybody that has a minimum credit score of 630, and about 95% of applicants end up being connected with the lender of one type or another.

GoKapital Loan Reviews

It’s quite difficult to find online reviews of GoKapital, despite it being an industry veteran. Trustpilot only has six reviews in total with an average rating of 3.1 out of 5. However, this small pool of reviews isn’t really enough to get a representative opinion.

The platform is better served on Google reviews where 38 customers have voiced their thoughts leading to an average score of 4.1 out of 5. Borrowers appreciated the lengths GoKapital goes to in order to understand its customers’ needs, including consideration of different credit scores and backgrounds. Others have commented on the professionalism of staff and the straightforward application process.

Some borrowers have complained about high fees, contradictory information on certain loan types and unsolicited contacts. However, these instances are rare and are often due to the practices of the partner lenders.

Positive Reviews Negative Reviews
Straightforward application process Contradictory information on offers
Consideration for different backgrounds and credit scores High fees from some lenders
Excellent customer service Receipt of unsolicited emails

Summarized Ratings

This parameter considers loan terms, repayment optionality, and loan limits. For each financing arrangement offered, each of these features was evaluated using the five-point scoring system. Then, the various scores were aggregated and averaged to establish an overall loan features score.

GoKapital gets a 3.9 for Loan Features. This well above average score reflects a very broad offering of loan terms, highly flexible loan limits, and accommodative repayment options.

GoKapital Review Video

Our expert, Gordon Scot reviews and describes each of these loan types in detail.

GoKapital Pros and Cons

Wide range of loan offers
Simple application process
Startups welcome
High approval rates
Instant pre-approval
Attentive customer service
Limited information
Some tough credit requirements

GoKapital Loan Features

The platform’s unique business model means that generating an easily comparable list of rates, terms, and features before you apply is problematic. Because you could be receiving your funding from multiple platforms at once, the rates and terms offered could be completely unique to you.

There are seven different loan products available and GoKapital is able to give you a general idea of rates and terms which we’ve outlined below. However, you need to bear in mind that your final offer could be quite different from the rates below.

Merchant Cash Advance

This is one of GoKapital’s most popular and most accessible funding options. A merchant cash advance is a promise of a lump sum of cash now in exchange for a percentage of your future credit and debit card sales.

Term length3 - 18 months
Repayment periodDaily
APR rangeFactor rates from 1.20
Min - Max amount$20,000 - $5 million

Business Line of Credit

This is a very flexible type of GoKapital small business loan that works a bit like a credit card. You’ll have access to a designated funding limit that you can draw on when you need it. You’ll pay a small fee to take out cash and only pay interest on the money you actually withdraw.

Term length6 - 12 months
Repayment periodNot disclosed
APR range3% - 18%
Min - Max amount$20,000 - $250,000

Startup Business Loans

Designed to get your business off the ground. It can be used for renting your first property, buying equipment, purchasing inventory and more.

Term length3 - 10 years
Repayment periodMonthly
APR range6% - 18%
Min - Max amount$25,000 - $500,000

Small Business Loan

The most traditional loan type available, a small business loan can be used for just about any purpose across any industry. Borrowing limits are generous and applications are open to those with bad credit.

Term lengthNot disclosed
Repayment periodMonthly
APR rangeNot disclosed
Min - Max amount$20,000 - $5 million

Unsecured Loans

Similar to a small business loan, unsecured options differ in that you’ll generally need a higher credit score and borrowing limits are lower.

Term length1 - 4 years
Repayment periodMonthly
APR range9% - 20%
Min - Max amount$100,000 - $350,000

Equipment Financing and leasing

A very easy-to-understand type of lending in which you purchase a piece of equipment that will then be used to secure the loan. GoKapital will usually be able to fund between 80% and 100% of the asset’s value.

Term lengthNot disclosed
Repayment periodMonthly
APR rangeNot disclosed
Min - Max amount$20,000 - $5 million

SBA Loan

A good type of funding if you’re looking for low rates. This type of borrowing is backed by the federal government, making it less of a risk for lenders. However, it requires a relatively higher credit score and you’ll need to factor in long wait times before you receive your cash.

Term length3 - 25 years
Repayment periodMonthly
APR range5% - 9%
Min - Max amount$200,000 - $10 million

GoKapital Interest Rates and Fees

Naturally, the interest rates will vary depending on what type of loan you apply for: you might pay as little as 5% or as much as 20% or more, depending on the type of loan and the lender that you are matched up with.

While GoKapital offers some of the lowest rates available on the market, customers with lower credit scores will probably not qualify for the 5% rate. However, if you have excellent credit and prior experience with alternative lending, you might find incredibly competitive rates through GoKapital.

The loan repayment schedule can vary between one and 25 years, depending on the type of loan you receive. For example, equipment financing can come with longer terms, while unsecured or startup loans would have shorter repayment periods.

How to Qualify for a GoKapital Loan

Because GoKapital is interested in established businesses, the company requires the following information as part of their application process:

  • Personal identification
  • Three to six months of business bank statements
  • Personal and business tax returns
  • Evidence of no recent bankruptcies
  • Your profit and loss statement

However, there are some minor differences depending on the loan type and how much you’d like to borrow. The good news is that those with poor credit scores are welcome, and even brand new businesses are able to apply. Simply fill in your details during the application stage and you’ll automatically be matched with the best offers.

Even though GoKapital states on its website that loans can be applied for regardless of credit score, the reality is that credit scores do matter for most loans.

So while GoKapital doesn’t disclose all of its qualification criteria, we’ve outlined the basics below.

 Merchant Cash AdvanceBusiness Line of CreditStartup Business LoansSmall Business LoansUnsecured Business LoansSBA Loans
Minimum credit scoreNot disclosed630700Not disclosed660680
Minimum annual revenueNot disclosedNot disclosedNo minimum$360,000Not disclosedNot disclosed
Minimum time in businessOne yearSix monthsNo minimumOne yearOne yearOne year

The GoKapital Loan Application Process

While the loan application with GoKapital often requires more supporting documentation than some other alternative lenders, you are likely to receive some of the most competitive rates on the market. Keep in mind that the online application process might not be as quick as with other online lenders, because you need to have your information prepared before you begin.

Let’s take a look at what it takes to apply for a loan with GoKapital.

1. First, you'll have to fill in basic information like your name, phone, credit score, time in business, monthly revenue, and the loan amount you want to request.

2. As you can see, a lot of requested information is very basic. However, depending on how you fill these fields, other, customized, fields may come up.




Overall, the application process is quite comprehensive. In fact, GoKapital is gathering a lot of information, because they are going to send your application out to numerous lenders.


3. Once you provide all the necessary information, including your recent income and tax return statement, you would have to e-sign the application.

This is a little unusual for an online lender but is done because GoKapital is going to ship your application out to other lenders who might require a signature.

Gokapital application

How Does GoKapital Determine the Loan Amount?

GoKapital doesn’t reveal how loan amounts and rates are determined. Not only does the platform have its own methods, but each individual lender will also apply different criteria too. This can get even more complex if you’re offered funding from two different platforms at the same time. If you’ve got any questions, we’d recommend getting in touch with GoKapital customer service to find out more.

GoKapital offers free consultations to anyone that’s even thinking about getting a loan. You’re under no obligation to submit an application or accept an offer either. Feel free to give the customer service team a call to find out more.

Customer Support

You can get in touch with GoKapital customer service over the phone or via email. The platform offers a Spanish language application service too which you can request when you get in touch. Operating hours are between 9 AM and 6 PM ET, Monday through Friday.

The service is generally very good and the agents go out of their way to get you matched with the best loan product. You’ll need to bear in mind that should you choose an offer from a lender other than GoKapital, you’ll need to direct any loan-specific queries to that lender.

GoKapital Perks and Bonuses


GoKapital promises small business loans with no hidden charges, no extra fees, and no delays. Many of their loan options can be funded in 24 hours or less, although you cannot modify loan terms after your funds have been disbursed. While GoKapital does not offer a rewards program, they do have a Loan Broker Referral Program that lets eligible professionals earn money for referring other business owners.


The GoKapital website is definitely chock full of information, and the company offers a loan prequalification tool that lets customers check their rate before they apply. GoKapital is also very transparent when it comes to their eligibility requirements and payment plans. GoKapital is accredited by the Better Business Bureau (BBB), where they also have an A+ rating. The company has not received any complaints with the BBB to date.


The GoKapital website does provide mobile functionality, yet the company falls short of offering their own mobile app. The company does not have an online portal or dashboard that lets you pay your bill online. Insead, GoKapital automatically deducts your payment from your eligible business account depending on your chosen repayment plan, whether you chose to pay daily, weekly, or monthly.

Final Thoughts

Applying for a small business loan through GoKapital is an excellent option for a wide variety of customers that might be working in niche industries. In fact, the company has some interesting programs available specifically to businesses that are starting up in various areas, such as cannabis, alternative energy, or new innovations.

So, if you are a business owner working in one of these niche areas and you feel like you’ve got a solid opportunity, GoKapital might have a program just for you. As such, even though you would have to go through a lengthy application process, GoKapital can help you to discover opportunities you might not have known were out there.

About the Author

Gordon Scott

Gordon Scott

Chartered Market Technician (CMT)

Gordon Scott is an author, trading instructor, trading coach and curriculum developer for financial education. He served as the managing director for the CMT Association from 2013 to 2018, overseeing the development and production of the CMT exams and their curriculum.

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