GoKapital Review 2024 – Business Lending Simplified

Welcome to this GoKapital review.

In this article, I will provide an in-depth examination of GoKapital,…

…discussing everything from the types of financing they offer to the eligibility criteria and the application process.

Whether you are looking for business loans or real estate financing,…

…this GoKapital review aims to provide you with the necessary information to make an informed decision.

Overview of GoKapital

GoKapital offers business owners alternative working capital solutions through their various funding programs for business loans.

They leverage technology to simplify and expedite the search for commercial funding.

GoKapital makes the application process fast and simple.

They also have a dedicated team of Advisors,…

..that are always ready to provide you with a FREE consultation to help find the best funding option.

Whether you’ve been in business for decades or are just starting,…

…GoKapital can approve you with the funding you need.

Their business loan program partners include unsecured business loans, merchant cash advances,…

…revenue-based loans, lines of credit, equipment leasing, invoice factoring, and more.

Introduction to GoKapital

GoKapital is a financial technology company headquartered in Miami.

BBB Rating: GoKapital has an A+ rating with the Better Business Bureau.

They focus on simplifying the lending process, making it easier for small businesses,…

…and real estate investors to obtain funding.

They offer a variety of financing options ranging from working capital loans to hard money loans for real estate investments.

With over 50 lending options for your business, you can qualify for a GoKapital loan,…

…even if you have bad credit, no collateral, or only a few months in business.

Company Background

Gokapital’s Mission –

GoKapital is committed to helping entrepreneurs find business funding quickly and easily through a transparent application process.

They pride themselves on serving their clients with integrity,…

…excellence, and genuine concern for their commercial success.

Their team

The team consists of seasoned professionals with diverse backgrounds in finance,…

…technology, and entrepreneurship who understand what it means to manage a business.

This is why they recognize how important it is for you to be able to find business funding easily and quickly.

As the backbone of the American economy,…

…small businesses deserve the chance to compete in today’s economy by acquiring the capital needed to successfully grow.

Founding Story

GoKapital was formed in 2013.

It was formed to address one of the biggest obstacles facing small and medium-sized companies,…

…that is – finding the necessary capital to grow and maintain their business.

With a majority of banks cutting back on lending and imposing tougher requirements,…

…running a business has become unnecessarily more difficult.

GoKapital’s founder, Chris Moreno, set out to solve this problem by identifying the multiple traditional, and alternative funding programs available to businesses,…

…and implementing a system that quickly and easily matches borrowers to their optimal working capital options.

Before launching GoKapital, Chris worked as an analyst for prominent financial firms in New York City.

He graduated from Cornell University with a degree in Economics and is also fluent in Spanish.

The company now has over 100 active sales agents, hundreds of satisfied clients,…

…an office in Miami and Colombia, and an A+ Rating from the Better Business Bureau.

Types of Financing Offered

• Business Loans: Including working capital loans, business cash advances, and unsecured business term loans.
• Real Estate Financing: Hard money bridge loans, commercial real estate loans, and rental investment property loans.

Navigation and Quick Application

Homepage Overview

The GoKapital homepage is user-friendly and easy to navigate.

Key sections include home, real estate, business, industries, and brokers.

The site also features a quick and simple application process, which allows users to apply for funding in minutes and receive approval quickly.

Quick and Simple Application Process

GoKapital offers a fast and efficient application process.

Users can submit a simple form online, and in many cases, receive approval within 24 hours.

This streamlined process aims to reduce the time and effort typically involved in securing a loan.

Business Loans

GoKapital has multiple business loan programs.

They makes business lending simple!
They approve within 24 hours and have no credit score minimum.

Types of Business Loans

Working Capital

• Amounts: $20,000 to $5,000,000
• Eligibility Criteria: No minimum credit score, all industries are eligible, one year in business required, $30,000 monthly revenue required.
• Terms: Short-term, usually up to 18 months.
• You can apply here.

Merchant Cash Advances

• Definition: A lump sum of capital repaid through a percentage of future credit card sales.
• Eligibility Criteria: One year in business, $30,000 monthly revenue, bad credit and tax liens are okay.
• Daily vs Monthly Payments: Mostly daily payments to avoid defaults.
• Advantages and Disadvantages: Quick funding but with potentially high fees and daily payments.
• You can apply here.

GoKapital’s Merchant Cash Advances

As a business owner, I’m sure you recognize the importance of having money available in case it is needed.

If you have to make urgent preparations or buy new equipment that will make your job easier and increase your revenue,…

..then you’re going to need some capital to cover those expenses.

If you have the money, excellent, but, what if you don’t?

The first thing that comes to mind would be getting a loan from the bank.

However, banks are denying loans to business owners in record numbers, leaving them frustrated and with no options.

Securing financing for your company should not be hard,…

…especially if you are facing problems that could threaten your business.

Luckily, alternative lending institutions like GoKapital have loan programs made for business owners,…

…that could use some extra funds to enhance the performance of their business.

More On GoKapital’s Merchant Cash Advance

While a cash advance is not technically a loan,…

…a GoKapital MCA is perhaps the quickest and easiest way to obtain working capital for your business.

When you get a cash advance, the lender will give you a lump sum of cash in exchange for a percentage of your future debit or credit card sales.

Then, the loan can be repaid by automatically debiting the agreed amount daily or weekly from your business’ merchant account.

Before the MCA lender transfers the funds into your account, they will provide a detailed loan agreement form,…

showing the advance amount, the amount you are expected to pay back, and the loan term.

Opposed to fixed payments loans, in a cash advance the agreed amount is automatically deducted,…

…from the daily sales generated on your merchant account until the advance is paid off.

Features Of GoKapital’s Cash Advance Program

Factor Rates From – 1.20
Terms – 3-18 months
Loan Amounts – $20K – $5M
Time to Fund – 1-2 Business Days
Time in Business – 1 Year
Existing Advance – No Problem
Tax Liens Acceptable – Yes
Industries Funded – All
Repayments – Daily or Weekly
Collateral Required – No
Restrictions on Uses – No
Consolidation/Refinancing Options – Yes

You can obtain a GoKapital Merchant Cash Advance here.

Alternative Options to Working Capital and Cash Advances

David Allen Capital Inc.

• Lower Requirements: Six months in business, $5,000 monthly revenue, 450+ FICO score.
• Instant Approval: Up to $25,000 same day.
• Higher Amounts Available: Up to $2 million with additional qualifications.

Equipment Financing

Purchase Equipment or Use Collateral

• Amounts: Varies, generally significant funding options available.
• Terms: Up to 5 years.
• Application Process: Requires one year in business and $30,000 in monthly revenue.
• Eligibility Criteria: Similar to working capital loans but with longer terms and monthly payments.
• Apply for GoKapital’s Equipment Financing here.

Learn more about GoKapital’s equipment financing here.

SBA 7(a) Loans

Overview

• Eligibility Criteria: Strong credit history, 640 to 680+ credit score, two years in business, $250,000 in annual revenue.
• Loan Amounts and Terms: $50,000 to $5,000,000, terms up to 25 years.
• Required Documentation: Two years of tax returns, six months of bank statements.
• Get your GoKapital SBA loan by applying here.

Unsecured Business Term Loans

For small business owners and entrepreneurs, GoKapital now offers business term loans with monthly payments and low rates.

Terms range from 1 to 5 years, with a credit score minimum of 660, and funding  up to $350,000 is available. 

GoKapital’s unsecured business loans can help your business grow.

Whether you’re looking to expand, purchase inventory, hire more employees,…

…or refinance existing debt, a GoKapital business term loan is an excellent solution.

Their term loan program typically funds within 1 to 2 weeks and offers early payment discounts.

Rates are fixed and may vary from 6% to 25%.

Within 5 minutes, you can see if you are pre-qualified with a soft-credit pull.

Prequalification and Eligibility Criteria

1. Time in Business: 2 Years
2.  Annual Revenue: $250,000
3.  Credit Score: 660+ (Soft Credit Pull for Prequalification)
4.  Ownership: Applicants must be U.S. citizens or residents
5.  Business Credit: No recent bankruptcies, tax liens, or judgements
6.  Time to Fund: 1 to 2 Weeks
7.  Interest Rates: Range from 6% to 25%, with early payment discounts

Documents Required (after pre-approval)

1.  2 years of business and personal tax returns
2. 6 months of recent business bank statements

3. Business Debt Schedule
4. Year-to-date Financial Statements

Apply here for an Unsecured Business Term Loan.

Personal Startup Loans

If you have an idea for a business, one of the most critical factors in turning this into a reality is a startup business loan.

Obtaining working capital to grow a new company will help you to grow more quickly.

Some lenders consider a “startup business loan” to be funding for a business with less than 2 years of operation.

Also more commonly, people refer to a business that has not been formed yet and is just about to open.

Fortunately, GoKapital offers working capital for both situations.

Startup Loans For Businesses

Most entrepreneurs who are at the very beginning of opening a company get the funding either from their own savings,…

…or credit cards or from friends or family who decide to invest in the business.

They then work to build the business on their own before applying for a loan. 

With GoKapital, you can get startup financing if you have demonstrated a strong credit history over a few years,…

…with multiple established tradelines.

This funding can be in the form of installment loans or lines of credit. 

You can learn more about the benefits of startup business loans.

Startups business have unique needs when it comes to financing.

GoKapital’s loan program includes lines of credit and unsecured term loans for startups, entrepreneurs, or existing businesses.

You will be prequalified in a few hours and funding will take place in as little as 5 days. 

The process is simple, fill out an online application, select your offer, and get funded! 

If you have questions before you start the process feel free to contact us here,…

…and a loan consultant will guide you through the process.

Loan Amounts:
$25,000 up to $500,000

Terms:
3 to 10 years with monthly payments

Rates:
Range from 6-18%

Startup Business Loans

– Benefits:

• Jumpstart your business
• Get pre-qualified with a soft credit pull
• Low-interest rates
• Monthly payments
• No prepayment penalties
• 5 Days for funding
• Maintain full ownership

APPLY NOW FOR A START UP LOAN !

How To Qualify

– Requirements:

• 700+ Credit score on 2 of 3 bureaus.
• 5+ Active revolving accounts
• History of installment loans
• Less than 3 inquires in the last 6 months on each bureau
• 40% credit utilization or less
• Verifiable income (taxes, pay stubs, w2, etc.)
• Fill out a simple online application form.

No Credit Check Business Loans

Overview

• Eligibility Criteria: One year in business, $30,000 in monthly revenue, minimal NSF’s, online business banking required.
• Advantages and Disadvantages: No credit check, but significant monthly revenue required.
• Apply here.

Serving Multiple Industries

Eligible Industries

• Retail Stores
• Dental Offices
• Medical Expansion
• Restaurants and Bars
• E-commerce Businesses
• Transportation and Construction

Real Estate Financing

There are thousands of business lenders offering commercial loan products,…

…but nearly all business loans are a variation of a handful of debt financing product…but each with their own individual characteristics.

Much of the differences between loan products isn’t the type of loan, but the way in which the loan is approved,…

…financing delivered to the business owner, and the way that these loans are paid-back.

When you partner with Gokapital, you can purchase or refinance all types of commercial real estate,…

…and multifamily buildings throughout the state of Florida and nationwide.

Innovation and technology overall have made leaps and bounds in recent years,…

… furthermore, no sector has been transformed more by new innovation than financial technology (fin-tech).

GoKapital, as a leading commercial real estate lender, uses new technologies, algorithms and outside-the-box thinking,…

…to analyze a company’s financial situation with great speed.

This leads to an expedited approval and funding process.

Types of Real Estate Loans

Hard Money Bridge Loans

• Definition: Loans for acquiring new property by borrowing against existing property.
• Eligibility Criteria: Down payment of 30%, $100,000 minimum property value.
• Loan Amounts and Terms: $100,000 to $50,000,000, terms up to 2 years.
• Apply for a Hard Money loan here.

Commercial Real Estate Loans

• Amounts and Terms: $100,000 to $50,000,000, terms up to 30 years.
• Eligibility Criteria: Property types include office, warehouse, retail, and multi-family units.
• Apply here for a commercial real estate loan.

Rental Investment Property Loans

• Overview: Loans for rental property investments.
• Loan Amounts and Terms: $150,000 to $50,000,000, terms up to 30 years.
• Eligibility Criteria: 660+ credit score, no personal income verification required.

Pre-Qualification Process

• Application Process: Fill out an online form, submit required documents, receive approval usually within 24 hours.

Customer Testimonials

GoKapital receives positive reviews from its customers:

• Jose in Miami: “Great local private lenders. In addition they answered all my questions and closed before the expected date.”
• Lucy, Small Business Owner: “Very professional and fast. Helped my startup gain funding. Highly recommended.”
• Gabe: “For commercial real estate and business funding, they are among the best in Miami.”

Positive Reviews

• Satisfied Customers: Reviews highlight the professionalism, speed, and helpfulness of GoKapital.
• Customer Experiences: Many customers recommend GoKapital for both business and real estate financing needs.

Pros Of GoKapital

Why should you choose GoKapital for business financing?

Some of the reasons that make investors and individuals choose GoKapital over other lenders include –

Fast and simple online application process

GoKapital offers a fast and very highly efficient online application process.

Additionally, they approve fast and have a sound streamlined simple and easy application process.

Fast funding with high approval rate

GoKapital loan programs have a high approval rate.

Additionally their funding is fast.

Individuals, investors and businesses get their funds quickly,…

…after they go through the application and approval process.

GoKapital’s financial advisors are always available for consultation

Unlike most lenders, GoKapital works with a dedicated team of advisors who offer a free consultation to clients.

You can take advantage of these free services to make sound financial decisions.

Reliable lender

GoKapital collaborates with credit unions, mortgage lenders, and many more financial institutions.

Besides working with financial institutions,…

…they are always in constant search for technological solutions to facilitate easy and fast application.

Excellent customer service

GoKapital is dedicated to meet, if not exceed, their customer’s expectations.

Nationwide and international coverage

GoKapital is headquartered in Miami, Florida, but they also serve clients from all States, Canada, and Puerto Rico.

Minimum qualifications

Unlike traditional lenders who fund only established companies with attractive credit history,…

GoKapital for example, offers Merchant Cash Advance loans to any business,…

…as long as it has been running for at least 12 months and is making $30,000 in monthly sales.

Furthermore, any business can qualify regardless of its FICO score.

GoKapital values everyone

They believe that every entrepreneur deserves the opportunity to excel.

For this reason, veterans, Latinos, and women in business are highly encouraged to apply for GoKapital loans.

You can receive as much as $50,000,000

Another reason why you would want to get your loan from GoKapital is that you can qualify for as much as $50,000,000.

As long as your business makes reasonable credit card sales per month.

Furthermore if you have the needed credit score for certain loan programs,…

and you have the right documents, and fulfill other eligibility requirements.

Still Undecided?

Take a look at this useful guide Merchant Cash Advance: An Alternative Solution to Business Loans,…

…or simply go to our contact page, a loan consultant will be glad to help you.

Cons Of GoKapital

Significant amount of income required for certain loan programs – for example, no-credit check business loan.

May be expensive – for example, Merchant Cash Advance

Requires daily repayment (or weekly) e.g for Merchant Cash Advance.

High fees for example for Merchant Cash Advance.

Can prevent attempts to get traditional financing – for example, Merchant Cash Advance

Blanket lien on all business assets – An example is Merchant Cash Advance

Interest is not tax deductible – e.g Merchant Cash Advance

May stress cash flow – for example, Merchant Cash Advance

Short repayment terms – For Merchant Cash Advance

Contact Information and Further Resources

For more information and to apply for funding, visit here.

You can also access additional resources on alternative financing solutions such as David Allen Capital and Everlasting Capital.

For personalized assistance, fill out our contact form to get started.

This comprehensive GoKapital review aims to provide you with all the necessary information,…

…to make an informed decision about your financing needs.

Whether you are looking for business loans or real estate financing,…

…GoKapital offers a range of options to suit various requirements.

Wrapping It Up

In conclusion, GoKapital offers a range of financial solutions tailored to meet the diverse needs of businesses.

With fast approval processes and competitive rates, GoKapital is a reliable option for entrepreneurs seeking funding.

Consider GoKapital for your business financing needs and take your company to the next level.

If you found this GoKapital review helpful, please comment, share it with others,…

…and subscribe to our blog for more detailed reviews and guides on alternative financing options.

Cheers!

FAQ

WHO IS GOKAPITAL?

Located in Coral Gables, a major commercial district of Miami, Florida, GoKapital helps entrepreneurs obtain business loans nationwide.

Their team of financial advisors offer free consultations and guide you in successfully obtaining working capital.

Also, their loan application process is easier and quicker than going to your local bank and gets you better rates and faster funds

WHY SHOULD I APPLY WITH GOKAPITAL?

With just 1 simple application, you can pre-qualify for up to 50 business lending programs.

They makes it fast and easy for you to obtain a loan, so you can focus on growing your business.

GoKapital offers your business high approval rates, fast funding times, and expert financial guidance. Getting a Business Loan.

WHAT TYPES OF WORKING CAPITAL CAN MY BUSINESS GET?

With GoKapital, you can apply for a number of business lending options, including –

Loans for Women

Small Business Loans

SBA Loans

Short-Term Loans

Commercial Real Estate

Business Lines of Credit

Merchant Cash Advances

Equipment Financing

Business Acquisition

Loans for Latinos Small Business

HOW DO I KNOW IF I AM ELIGIBLE FOR A BUSINESS LOAN?

By completing a simple loan application, you are instantly pre-qualified for business loan eligibility.

Best of all, GoKapital’s variety of funding programs virtually guarantee that you will get approved for a loan.

Some of the factors they consider are the following:

What is your credit score?

How long have you been in business?

What are your average monthly sales?

Do you have business assets or personal collateral?

HOW DO I CONTACT A FINANCIAL ADVISOR?

Your GoKapital Financial Advisor is ready to help you 5 days a week and can be contacted via –

Our Contact page: Submit your request via the Contact page and a Financial Advisor will respond within 24 hours.

Telephone: Remember to add your phone number in the contact page to have your questions answered.

WHAT TYPE OF INFORMATION AND DOCUMENTATION IS REQUIRED?

GoKapital’s online application will ask you for basic business information, such as your requested loan amount, type of business, and proposed use of capital.

Once a financial advisor has reviewed your loan application, they will go over your funding options and help you prepare any additional documents.

DO I NEED A GOOD CREDIT SCORE TO APPLY?

One of the many benefits offered by GoKapital is its multiple financing programs.

So with over 50 lending options for your business, you can qualify for a loan even if you have bad credit, no collateral, or only a few months in business.

HOW SECURE IS MY INFORMATION?

GoKapital uses high-grade, 256-bit data encryption (also used by major banks) to keep your information safe.

Additionally they take all measures to protect user information and activity because keeping your data secure is our top priority.