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Pros
Cons
Kapitus Loan Features
With an impressive eight loan types to choose from, Kapitus offers flexibility when it comes to their small business loans. The platform offers relatively high borrowing amounts and a respectable range of terms. However, it’s difficult to find detailed information on exact rates before you apply.
That being said, we’ve found that across all loan types, you’ll generally be paying a rate of 5.99% to 18.00% on average.
Small Business Loans
This offering from Kapitus works like a traditional term loan, where you receive the money upfront and make fixed payments over the life of the loan. Borrowing limits are quite generous, but eligibility criteria are a little higher than other lenders.
| Term length | Up to five years |
| Repayment period | Daily, weekly, or monthly |
| APR range | As low as 6.25% |
| Min - Max amount | Up to $5 million |
Equipment Financing
Equipment financing is used to purchase a specific piece of equipment, including vehicles. You’ll need to provide an invoice as proof of the equipment purchase, and the asset will be used to secure your loan. Kapitus equipment loans come with the added benefit of being eligible for a Section 179 tax deduction, too.
| Term length | Up to five years |
| Repayment period | Monthly |
| APR range | Not disclosed |
| Min - Max amount | Up to cost of equipment |
Note: If you’re financing under $150,000 for equipment, you’ll only need to submit your application and invoice. No additional paperwork will be required.
Helix Healthcare Financing
Helix loans are specifically geared towards funding medical practices. Often considered a high-risk industry by other lenders, Kapitus has no issue offering a range of different loan products under its Helix Healthcare Financing Program.
| Term length | 6 months to 10 years |
| Repayment period | Monthly |
| APR range | Not disclosed |
| Min - Max amount | $10,000 - $1 million |
Invoice Factoring
A popular choice for businesses with cash flow issues, invoice factoring allows you to borrow against your unpaid invoices. You receive cash now and repay the loan when your customers pay their invoices.
| Term length | Flexible |
| Repayment period | On receipt of payment from your customers |
| APR range | Not disclosed |
| Min - Max amount | $200,000 - $7 million |
Line of Credit
Probably the most flexible type of small business loan, a line of credit allows borrowers to draw on only the amount they need up to a maximum amount. You’ll only pay interest on the amount you borrow, but will usually pay an administration fee to keep the account open.
| Term length | Varies |
| Repayment period | Monthly |
| APR range | Not disclosed |
| Min - Max amount | $10,000 - $250,000 |
Purchase Order Financing
Purchase order financing is a type of lending where Kapitus will pay your suppliers directly for inventory and materials. In order to use it, you must be a business-to-business or business-to-government company. It’s intended to be used to cover short-term emergencies or times when you might have an increase in orders.
| Term length | Not disclosed |
| Repayment period | Not disclosed |
| APR range | Factor rates from 1.25% |
| Min - Max amount | $200,000 to $7 million |
Revenue-Based Financing
Revenue-based financing is based on business sales, not personal credit. It works similarly to a merchant cash advance. Although, instead of taking a percentage of your credit and debit card sales, Kapitus will take a percentage of all revenue, including cash-based transactions. This usually means you’ll be able to borrow more, but interest rates could still be high.
| Term length | No set terms |
| Repayment period | Daily, weekly, or biweekly |
| APR range | Not disclosed |
| Min - Max amount | $10,000 - $500,000 |
SBA Loans
An incredibly popular choice for small businesses, SBA loans are backed by the federal government and come with impressively low interest rates. However, eligibility criteria tend to be strict and you’ll need to provide more documentation than with other options. Plus, it could take up to three months to get funded.
| Term length | Up to 25 years |
| Repayment period | Monthly |
| APR range | As low as 6.25% |
| Min - Max amount | Up to $5 million |
Kapitus Interest Rates and Fees
Kapitus keeps its fee and interest rate information confidential, and won’t disclose any exact numbers until you actually apply. This is becoming more common among lenders as the criteria varies from customer to customer. However, borrowers have noted that you’ll tend to find origination fees between 2.5% and 5%, and a number of additional administrative charges on certain loan types.
If you’d like to know more, we recommend you get in touch with the Kapitus customer service team.
How to Qualify for a Kapitus Loan
Kapitus has very clear qualifying criteria set out for each of its loan types. Credit score requirements are a little higher than those found at competitor lenders, so it’s not the best platform if you have a chequered credit history. Kapitus also doesn’t cater to startups, as most loan products require at least two years of business experience.
Small Business Loans
| Minimum credit score | 625 |
| Minimum annual revenue | $250,000 |
| Minimum time in business | 2+ years |
Equipment Financing
| Minimum credit score | 675 |
| Minimum annual revenue | Not disclosed |
| Minimum time in business | 3+ years |
Helix Healthcare Financing
| Minimum credit score | 600 |
| Minimum annual revenue | $120,000 |
| Minimum time in business | 6+ months |
Invoice Factoring
| Minimum credit score | Not disclosed |
| Minimum annual revenue | Not disclosed |
| Minimum time in business | Not disclosed |
Line of Credit
| Minimum credit score | 650 |
| Minimum annual revenue | $180,000 |
| Minimum time in business | 2+ years |
Purchase Order Financing
| Minimum credit score | None |
| Minimum annual revenue | Not disclosed |
| Minimum time in business | Not disclosed |
Revenue-based Financing
| Minimum credit score | 625 |
| Minimum annual revenue | $250,000 |
| Minimum time in business | 2+ years |
SBA Loans
| Minimum credit score | 685 |
| Minimum annual revenue | $250,000 |
| Minimum time in business | 2+ years |
Kapitus Loan Application Process
Kapitus offers free quotes for their small business loan options. However, you will need to speak with an agent first or move forward with the complete application. To start the process, you'll fill out the small sample form on the Kapitus website.
This form asks applicants to supply information such as:
- Business name
- Business industry
- Credit score range
- Email address
- Phone number
- Annual business revenue estimate
- Years in business
- State business operates in
If you decide to move forward with the application, you'll be taken to another page on the Kapitus website. This point of the process requires you to share more relevant details about yourself and your business, as well as the amount and type of funding you're hoping for.
Here, applicants are asked to upload relevant documents for their small business loan. Documents may include:
- Personal and business resumes
- Bank statements
- Loan application history
- Profit & loss statements
- Income tax returns
- Business lease, if applicable
Applicants can get approved for financing in as little as four hours and funded within 24 hours of approval.
How Kapitus Determines the Loan Amount
By reviewing the eligibility criteria, we can see that your credit score will play a major role in the calculation of your loan amount, followed by your annual business revenue. Contacting customer service may give you a better idea of what to expect.
Kapitus Customer Support
Kapitus offers a fairly standard customer service solution, operating a helpline and an email account. The platform encourages borrowers to ask any questions they’d like, and agents are on hand to help you deal with issues throughout the lifetime of your loan.
In addition, you’ll find a helpful blog packed with information on all topics lending-related, including how to save a small business on the brink of closure, how to optimize revenue streams, and general tips to grow your business.
Kapitus Loan Reviews
Kapitus has a respectable 4.7 stars out of 5 on Trustpilot and 4.6 out of 5 on Google reviews. Between the two platforms, there are around 700 reviews (and growing).
Customers are impressed by the performance of individual service agents, the quick and easy application process, and the advice provided on specific loan types. Others appreciate the speed at which funding is disbursed and the help provided at every step of the process.
In rare instances of criticism, customers have complained about the lack of transparency when it comes to rates and terms.They also mentioned high fees and unsolicited calls after submitting personal details.
| Positive Reviews | Negative Reviews |
| Customer service tailored to each loan type | Unclear rates and terms |
| Fast funding times | High fees |
Kapitus Perks and Bonuses
Flexibility
Kapitus offers several different loan options and repayment plans, and the company claims that it's fairly easy to be approved for a loan with favorable rates and flexible payback terms. Unfortunately, Kapitus does not offer a rewards program or any specific discounts. Further, the company does not let you modify the terms of your loan after the fact.
Transparency
Kapitus maintains a professional website that lists plenty of details about their loan offerings and approval requirements. In fact, they state clearly on their homepage that their loans are available for borrowers with a credit score of at least 625 and average annual business revenue of $250,000 or more. The company only had five complaints with the Better Business Bureau (BBB) over the last three years, and each of those complaints has been closed.
As far as exact rates and fees, those are not disclosed on the website. Because fees vary so much between customers, it’s best to apply in order to see your specific options.
Technology
While Kapitus does not have their own mobile app, the website does have mobile functionality. Generally speaking, payments made to Kapitus will be automatically drawn on your behalf from your business bank account.
Final Thoughts
Kapitus offers several small business funding solutions with competitive industry rates, a five-minute application, and flexible loan terms to meet your needs. Eligible borrowers can be approved for a loan in as little as four hours.
