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Join For FreeAdvancePoint Capital Review
AdvancePoint Capital connects borrowers to its lending network for business loans, SBA loans, MCAs, and more. Find out why it's worth submitting an application in this comprehensive review.
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WRITTEN & RESEARCHED BY
Editor & Senior Staff Writer
Last updated onUpdated
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REVIEWED BY
Managing Editor
Our content reflects the editorial opinions of our experts. While our site makes money through referral partnerships, we only partner with companies that meet our standards for quality, as outlined in our independent rating and scoring system.
AdvancePoint Capital
| Total Rating | 4.3 |
|---|---|
| Rates & Fees4.1 | |
| Services4.5 | |
| Eligibility Requirements3.8 | |
| Application4.5 | |
| Sales & Advertising Transparency4.2 | |
| Customer Service4.3 | |
| User Reviews4.9 | |
AdvancePoint Capital At A Glance
- AdvancePoint Capital works with a network of third-party lenders to provide businesses with loans, lines of credit, MCAs, SBA loans, and more.
- With one quick and easy application, borrowers can be connected with multiple funding options.
- Funding for bad credit is available with products like MCAs, short-term loans, and invoice financing.
Pros
- Multiple types of financing available
- Fast & easy application process
- Customer service is helpful
- High borrowing amounts
Cons
- Some rates & fees are not disclosed
- Borrowing requirements are not fully disclosed
Table of Contents
What Is AdvancePoint Capital?
AdvancePoint Capital isn’t a direct lender. Instead, it operates as a loan marketplace that offers borrowers multiple types of business funding through third-party lenders.
AdvancePoint Capital’s lending network works with borrowers with less-than-perfect credit, startup businesses, and businesses that want to explore their options to find the best rates and terms for their situation.
Services Offered By AdvancePoint Capital
| Services4.5 |
|---|
| Lending Services 4.5 |
| Lending Limits 5.0 |
| Payment Portal & Mobile App 2.5 |
The advantage of working with AdvancePoint Capital is that you can qualify for multiple funding products with just one application.
Available funding includes:
- Business Loans: Provides a lump sum of capital for nearly any business need
- Business Lines Of Credit: Flexible form of funding that gives you access to on-demand capital
- SBA Business Loans: Government-backed term loans with competitive interest rates
- Equipment Financing: Funding used to purchase new or used equipment
- Invoice Financing: Lenders purchase unpaid invoices at a discount to provide borrowers with immediate cash
- Merchant Cash Advances (MCAs): Lenders purchase future receivables; ideal for borrowers with credit challenges
- Business Cash Advances: A type of revenue-based funding similar to MCAs
- Short-Term Loans: Provides a lump sum of capital that is repaid over a shorter period of time (usually two years or less)
As you can see, AdvancePoint Capital can connect you with multiple short- and long-term funding options. High borrowing limits of up to $5 million are also available.
The only thing that AdvancePoint Capital really lacks is a mobile app that makes it easy to apply on the go. However, this isn’t unusual for a lending marketplace and only had a slight impact on our rating of 4.5/5 for AdvancePoint’s services.
Borrower Qualifications
| Eligibility Requirements3.8 |
|---|
| Transparency 3.0 |
| Eligibility Qualifications 3.1 |
| Availability 5.0 |
Because AdvancePoint Capital works with a network of lenders, borrowing requirements vary.
The company does list some credit score requirements for certain products. Those requirements are as follows:
| Loan Type | Minimum Credit Score |
|---|---|
| Short-Term Loans | 520 |
| Business Cash Advances | 550 |
| Invoice Financing | N/A |
| Equipment Financing | N/A |
Some products, such as long-term business loans and SBA loans, will require good to excellent credit.
Unfortunately, AdvancePoint isn’t very forthcoming on minimum requirements for time in business and revenue.
It does indicate that its lenders work with many types of businesses in all 50 states.
It would be nice to see at least some general guidelines surrounding borrowing requirements. Because of the lack of transparency, our rating was affected, leaving AdvancePoint with a 3.8/5 star rating for borrower qualifications.
Rates & Fees
| Rates & Fees4.1 |
|---|
| Pricing 4.0 |
| Affordability 4.1 |
Like some of its borrowing requirements, AdvancePoint Capital also lacks transparency regarding its rates and fees. However, this isn’t unusual for a lending marketplace, as rates and terms vary widely by product and lender.
AdvancePoint indicates that an origination fee of 0% - 5% may be charged for some products. Other fees may apply based on the terms of the lender and the type of loan you receive.
The lowest rates, longest terms, and highest borrowing amounts are reserved for established businesses with solid revenue and good to excellent credit.
While not all information is disclosed about every product, AdvancePoint does give a general idea of what to expect.
Here’s a breakdown of potential terms, borrowing limits, and rates for some of its partners’ funding products.
| Loan Type | Borrowing Limits | Repayment Terms | Rates |
|---|---|---|---|
| Long-Term Business Loans | $10,000 to $5 million | Up to 10 years | Starts at 5.5% |
| Lines Of Credit | $10,000 to $2 million | Varies | Simple interest averaging 1% per month |
| SBA Loans | $25,000 to $5 million | 5 to 10 years | Based on prime rate |
| Equipment Financing | $25,000 to $350,000 | 3 to 5 years | Factor rate of 1.09% to 1.45% |
| Revenue-Based Financing | $10,000 to $2 million | Varies | Factor rate of 1.09% up to 1.45% |
| Invoice Financing | $10,000 to $5 million | N/A | Starts at under 1% |
We like that AdvancePoint Capital’s network of lenders has high borrowing limits and long repayment terms.
Upon first glance at the website, it doesn’t appear that there is much information about rates and fees. However, if you dig into the company blog, you can find more information. While we do wish that this information was more prominently displayed on the website, AdvancePoint’s lenders offer a variety of products with competitive rates and fees.
Overall, we give AdvancePoint a rating of 4.1/5 in this category.
Application Process
| Application4.5 |
|---|
| Application Process 5.0 |
| Application Timeline 4.0 |
One of the things we really like about AdvancePoint Capital is its easy application process.
Simply get started by filling out an application. You’ll be required to fill out basic information, including how much you want to borrow, years in business, monthly sales revenue, credit score range, your state, and basic contact information. This step should only take a few minutes to complete.
After submitting your application, you’ll be presented with funding options. You’ll work with one of AdvancePoint’s experts to determine which option is best for your business.
Once you’ve determined what option you’ll pursue, you may be required to submit additional information and documentation as part of a standard underwriting process. If approved, you may be eligible for funding in as little as 24 hours (although time to funding varies by product and lender).
Overall, AdvancePoint nails the application process, earning it a respectable 4.5/5 in this category.
Sales & Advertising Transparency
| Sales & Advertising Transparency4.2 |
|---|
| Sales Practices 4.0 |
| Web Presence 4.4 |
In terms of sales and advertising transparency, AdvancePoint Capital doesn’t send out any red flags. There don’t appear to be any unethical sales tactics, and the company discloses that it works with independent third-party lenders.
There are no user complaints about unethical sales tactics or deceptive practices.
While some information is missing from its website, AdvancePoint does provide enough to know what its lending network offers. The company also maintains active social media profiles that provide additional information about its lenders and services.
Taking all of this into account, we rated AdvancePoint 4.2/5 for sales and advertising transparency.
Customer Service & Technical Support
| Customer Service4.3 |
|---|
| Personal Support 4.9 |
| Self-Service 3.0 |
AdvancePoint Capital offers several ways of getting in touch, such as email, phone, and dedicated phone and email support for existing customers.
AdvancePoint also receives overall positive reviews for its excellent customer service.
| AdvancePoint Capital Customer Service | Availability |
|---|---|
| Phone Support | |
| Email Support | |
| Support Tickets | |
| Live Chat | |
| Dedicated Support Representative | |
| Knowledge Base or Help Center | |
| Videos & Tutorials | |
| Company Blog | |
| Social Media |
In addition to these standard methods of contact, AdvancePoint also has a company blog that provides information on different types of loans and how to apply. The company can also be found on Facebook, LinkedIn, and X/Twitter.
We like that AdvancePoint offers several calculators on its website for things like business loans and lines of credit to help you get an idea of what your loan would cost before applying.
All-in-all, AdvancePoint does very well in this category, only lacking a few things like live chat. For these reasons, we rated the company 4.3/5.
User Reviews
| User Reviews4.9 |
|---|
| User Feedback 5.0 |
| Review Site Aggregate 4.8 |
AdvancePoint has been accredited by the Better Business Bureau since 2013, where it holds an A+ rating. There are no BBB reviews or complaints.
The company has a 4.8/5 rating on Google Reviews (based on 60+ reviews). There are very few negative reviews, and the few that exist are from 5+ years ago.
Taking all of this into consideration, we gave AdvancePoint a 4.9/5 for its overall user reviews.
Negative Reviews & Complaints
Though there are outdated complaints, here’s what unsatisfied customers had to say about AdvancePoint:
- Support rep was rude after the customer asked for longer repayment terms
- Outdated sales tactics
- Weren’t approved for funding despite preapproval
Positive Reviews & Testimonials
There are far more positive reviews from customers of AdvancePoint. Customers most like:
- Fast and easy application process
- Competitive rates
- Multiple products to choose from
- Knowledgeable and responsive representatives
- Great customer support
Final Verdict: Is AdvancePoint Capital Worth It?
After doing our research, AdvancePoint Capital earns an overall rating of 4.3 out of 5 stars.
If you’re looking for a lending marketplace, we here at Merchant Maverick recommend AdvancePoint Capital as an option.
AdvancePoint Capital isn’t perfect. There’s not complete transparency surrounding borrowing requirements and lender rates and fees. However, this isn’t exactly a red flag, as not all marketplaces that work with numerous lenders are able to disclose concrete information.
Still, it would be nice to see at least a range of rates and more information on borrowing requirements without having to submit an application.
But AdvancePoint excels in other areas. The application process is fast and easy. There are numerous funding options available, even for newer businesses or businesses with credit challenges. Customer service is excellent, and customer reviews are overwhelmingly positive. Some loans may even be funded in as little as 24 hours.
If you’re unsure of what type of loan you need, don’t know what you’d qualify for, or just want to compare options, it’s worth submitting an application to AdvancePoint.
Not sure if AdvancePoint is the right choice for you? Check out our picks for the best loans for small businesses, and read our other reviews to find the right lender for any business.
Content Featuring AdvancePoint Capital
Business Loan & Funding Products Review Methodology
We spend hours researching and evaluating each business loan and funding product that we review at Merchant Maverick, placing special emphasis on key characteristics to generate our ratings.
When rating lenders and funding providers, we use a 31-point rubric that looks at rates and fees, services, eligibility requirements, application, sales and advertising transparency, customer service, and user reviews. We weigh each section differently to calculate the total star rating. This rubric is applied to traditional term loans, as well as short-term loans, start-up loans, lines of credit, online lending products, merchant cash advances, and equipment financing products.
- Rates & Fees: 20% of the total star rating
- Services: 20% of the total star rating
- Eligibility Requirements: 20% of the total star rating
- Application: 15% of the total star rating
- Sales & Advertising Transparency: 10% of the total star rating
- Customer Support: 5% of the total star rating
- User Reviews: 5% of the total star rating
Each section is further broken down into granular, weighted subsections, in which we examine specific attributes like terms lengths, conditions of repayment, credit score and revenue requirements, ease of application, length of time to funding, the ethics involved in promoting the lending product, customer support, and the overall reputation of the lender or funding provider.
Read more about how we rate small business lenders.
Erica Seppala
Editor & Senior Staff Writer at Merchant Maverick
Erica began writing on small business topics in 2008. She joined Merchant Maverick in 2018 and focuses on loans, accounting, and POS. She is a Certified ProAdvisor for QuickBooks Online and QuickBooks Payroll. She has been cited in MSN, Reader's Digest, Vox, U.S. News & World Report, and Real Simple. She is a graduate of Limestone University and resides in Greenville, South Carolina.
View Erica Seppala's professional experience on LinkedIn.
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The Merchant Maverick Seal of Approval 🏆
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AdvancePoint Capital
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|---|
After hours of in-depth research and evaluation, we can confidently recommend this brand to our readers. Get started today and see AdvancePoint Capital for yourself.
The Merchant Maverick Seal of Approval 🏆
|
AdvancePoint Capital
|
|---|
After hours of in-depth research and evaluation, we can confidently recommend this brand to our readers. Get started today and see AdvancePoint Capital for yourself.
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