Fast Capital 360 Review 2024

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Written By
Julija A.
October 07, 2023
Some or all of the products/services listed on this page are from our affiliate partners from which we receive commissions. This, however, does not influence the evaluations in our reviews. Learn more by reading our Advertiser Disclosure.

Fast Capital 360 provides business owners with quick and easy access to funding with a simple and straightforward application process. It offers a wide range of working capital loan products, including business lines of credit, SBA loans, and term loans, so that you can find the right fit for your business.

With competitive rates and fast funding, you can quickly get the money you need to grow your business. We'll guide you through the process so that you can get the most out of your Fast Capital 360 loans.

Loan Amounts:
Up to $500,000

Minimum Credit Score: 500+

Check Rate

Fortunly Rating

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

Loan Amounts:
Up to $500,000
Loan Term:
3 months-10 years
APR Range:
Min. Credit Score:
Depend on the lender
Funding Time:
1-7 days
Years in Business:
BBB Rating:
A+ (not accredited)
Min. Revenue:
All 50 states
pros thumb up Strengths
  • Multiple loan types
  • Decent loan amounts
  • Low APR
  • Swift and easy application process
  • Available for bad credit users
  • Available in all 50 states
  • Soft credit pull
pros thumb up Weaknesses
  • No transparent fee structure
  • Not open to startups

Fast Capital 360 Overview

fast capital 360 menu

A US-based online lender with a nationwide network, Fast Capital 360 provides funding to small and medium-sized businesses in a wide range of industries. Founded in 2013, the company has quickly established itself as a leading provider of business loans. With over 35,000 businesses who put their trust in this company, an A+ rating with the Better Business Bureau and a 4.9/5 customer rating on Trustpilot, it is a lender you can rely on.

Whether you need working capital to cover expenses or want to finance a large purchase of equipment, you can count on a loan that can be as high as $500,000. The company offers a number of loan products to small business owners, including term loans, business lines of credit, merchant cash advances, equipment financing, and SBA loans.

Fast Capital 360 credit requirements are flexible, which makes it a great option for businesses that might not qualify for traditional bank loans. The minimum credit score is 500 (for merchant cash advances), while the minimum annual revenue goes from $50,000 to $200,000, depending on the loan type. With the APR starting at as little as 7%, Fast Capital 360 is definitely a great option when it comes to business financing.

How Does Fast Capital 360 Compare to Other Lenders?

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Fast Capital 360 Financing Types

Fast Capital 360 will review your business requirements and then offer you a range of financing products from which to choose, depending on your business development needs. Below are the types of working capital loans available through this lender.

Term Loans

Fast Capital 360 offers both short-term (up to $500,000) and medium-term (up to $250,000) lending products for those who need a lump sum of cash for a specific purpose. The repayment terms for short-term loans are between 3 and 18 months, while the repayment terms for medium-term loans are between 1 and 5 years. The interest rates start from 10% for the former to 7% for the latter.

Short-term loans are repaid more frequently, usually daily or weekly instead of monthly. To qualify for Fast Capital funding, you'll have to have:

  • Credit score of at least 540 (short-term) or 600 (medium-term)
  • Annual revenue of at least $75,000 (short) or $200,000 (medium)
  • 1+ year in business

Lines of Credit

A line of credit from Fast Capital 360 can give you the flexibility to finance a number of expenses, such as inventory, marketing, or even unforeseen costs. You can borrow up to $250,000 until your credit line is maxed out and then repay the amount over time, with interest. The repayment terms are between one and five years, and the interest rates start at 8%.

To qualify for this loan, you’ll need to meet the following criteria:

  • Credit score of 560+
  • 1+ years in business
  • Annual revenue of $200,000+

Equipment Financing

If you need to finance the purchase or lease of new equipment for your business, Fast Capital 360 offers equipment financing. It's a type of funding where the item you purchase serves as collateral for the loan. You can borrow up to 100% of equipment value with an interest rate of at least 8%. It takes just two days to get approved, and then you can repay the loan over 1 to 5 years. Here are the requirements:

  • Credit score of 620+
  • 2+ years in business
  • Annual revenue of $160,000+

SBA Loans

If you need a more substantial amount of money for your business, Fast Capital 360 also offers SBA loans. With a guarantee from the Small Business Administration, these loans are ideal for those who need up to $350,000. However, they also come with longer repayment terms of between 5 and 10 years, a guarantee fee, and origination and loan packaging fees, while Standard 7(a) loans of $25,000 and up require collateral.

Fast Capital 360 reviews your qualifications and approves the application if you meet the following requirements:

  • Operate as a for-profit business in the US
  • The owner has equity to invest
  • Must have exhausted financing options
  • 650+ credit score
  • 2+ years in business
  • $50,000 or more in annual revenue

Merchant Cash Advances

For those who need a quick infusion of cash and don't have time to wait for a traditional loan to be approved, Merchant Cash Advances (MCA) from Fast Capital 360 just might be the solution. MCAs are ideal for bad credit applicants who need to get approved and receive funding quickly. The amount can go up to $500,000 with a factor rate that starts at 1.10, whereas the repayment terms are between 3 and 24 months.

If you need fast small business funding that an MCA provides, you must have:

  • Been in business for at least 4 months
  • A credit score of 500+
  • Annual Revenue of $100,000+

Invoice Factoring

Fast Capital 360 also offers invoice factoring services, with funding amounts going up to 80% of receivables, and a factor rate starting at 1.02. Repayment terms are set at until the receiavables are paid and you can get funds as fast as the same day.

To qualify for invoice factoring at Fast Capital 360, you must meet the following criteria:

  • 1+ years in business
  • A credit score of 600+
  • Annual Revenue of $150,000+

Fast Capital 360 Application Process

The application process for all of the above loans is quite simple. You can apply online in just a few minutes and will be notified about the decision within 24 hours. If you're approved, you can get funding as soon as the next day or up to 7 days, depending on the loan type. The first step is to see if you qualify by using one of the online calculators - this inquiry won't affect your credit score. 

Then, you fill out a short online application by answering a few questions about yourself and your business. You'll be asked to upload the required documents, which are, most commonly, the six most recent bank statements. Once you get the offers from the lenders, you can check if the Fast Capital 360 terms suit you, and choose the product that's best for your business.  

At this point, you’ll have to allow for a hard credit pull. You'll get a dedicated business advisor who will help you through the process from start to finish.

Eligible and Non-Eligible Businesses

Most businesses will be eligible for funding from Fast Capital 360. The company supports an array of industries, such as agriculture, beauty, childcare and education, construction, dental practice, hospitality, and even tattoo businesses and pawn shops.

However, there are a few exceptions. The following types of businesses are not eligible:

  • Startups 
  • Companies that have been in business for less than 4 months
  • Businesses with annual revenue of less than $50,000
  • Applicants with a credit score lower than 500.

Fast Capital 360 Repayment Terms

Even though the Fast Capital 360 interest rate is clearly displayed for each type of loan on the website, the company does not provide much information when it comes to repayment terms. As the company is based on a matchmaker service, it is up to each individual lender to set the repayment terms for their loan. 

However, the company has a more transparent fee structure for SBA loans. Its lending partners charge an origination fee and loan packaging fee, and there is a guarantee fee charged by the SBA itself. Finally, upfront guarantee fees for 7(a) loans can go up to 3.75% of the guaranteed portion.

Final Thoughts

Overall, Fast Capital 360 is a great option for small businesses in need of financing. According to our reviews of fast capital 360, the company offers a variety of loan types and has a simple and easy application process with quick funding times. With interest rates on the low side and flexible repayment terms, Fast Capital 360 can be your go-to place if you need funding quickly and have a less than perfect credit score. 

One thing to be aware of is that the repayment terms are set by each lender, so make sure to ask about this before taking out a loan.


Is Fast Capital 360 a scam?


No, Fast Capital 360 is not a scam. The company is a legitimate entity that helps small businesses secure funding by matching them with reputable lenders. It boasts a stellar reputation with Trustpilot reviewers of 4.9 out of 5, according to more than 820 reviews. With an A+ rating from the Better Business Bureau, Fast Capital 360 is a tried-and-true company that is accredited by the BBB.

How many employees does Fast Capital have?


The company does not disclose how many employees it has on its website. However, according to Crunchbase data, it is a small business lending marketplace with an employee base of 11 to 50 people.

Where is Fast Capital 360 headquarters?


The company is located in Southampton, Pennsylvania, and boasts a nationwide network of lenders and a client base of 35,000 businesses.