Capital One Business Loans Review
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Pros and cons of
Pros
- SBA Preferred lender
- Full-service financial institution
- High customer satisfaction ratings
- Several financing options available
Cons
- Need to apply in person at a branch
- Not openly transparent with financing details
- Must have been in business for at least
- Branch locations are sparse and mostly on the East Coast
small business loans review
- Established small business owners. You won’t be eligible for financing (aside from SBA loans) unless you’ve been in business for at least two years.
- Small business owners on the East and Gulf coasts. You’ll need to apply in person at a
small business financing at a glance
| Product | Loan amounts | Repayment term | Estimated APR range | Fees |
|---|---|---|---|---|
| Real estate loans | Up to months | Not disclosed | Not disclosed | |
| Lines of credit | Not disclosed | Not disclosed | Not disclosed | |
| SBA loans | Not disclosed | Not disclosed | Not disclosed | |
| Medical practice loans | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
| Specialized lending | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
| Equipment loans | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
Real estate loans
If you’re looking to purchase real estate create a storefront for your business or invest in a warehouse, offers real estate loans with terms of up to months.
Lines of credit
For short-term borrowing needs, offers small business lines of credit for up to . Small business lines of credit can be handy to smooth out potential cash flow issues, take advantage of last-minute business investment opportunities, or other purposes.
SBA loans
Savvy business owners often prefer SBA loans because they come with much lower rates, given that the SBA backs part of your loan. has more leeway to approve your SBA loan application faster than other non-Preferred lenders.
Medical practice loans
Clinicians can benefit from medical practice loans to buy medical equipment. The loans can also be used to start and grow your medical practice. It’s a relatively niche product, but one that can be useful in the right case
Specialized lending
If doesn’t offer a financing option that seems right for you based on this list, it’s worth reaching out to a local banker to see if they can offer a custom solution. The bank offers many more products that, like the financing details for any of its other small business financing products, aren’t cataloged online. You’ll need to talk to a live banker to learn more.
Equipment loans
banker to learn more.
borrower requirements
| Minimum annual revenue | Not disclosed |
| Minimum time in business | , except for SBA loans which have no minimum time in business requirement |
| Minimum credit score | Not disclosed |
Just like with the interest rate and repayment terms on its small business loans,
Alternatives to
| OnDeck | |||
|---|---|---|---|
| Minimum credit score | Not disclosed | ||
| Loan products offered |
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| Time to funding | Not disclosed | Not disclosed | As soon as same business day |
| Starting rates | Not disclosed | Prime + |
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| Maximum loan size | Up to $10,000,000 | $250,000 | |
| Minimum annual revenue | Not disclosed | Not disclosed |
vs.
If you still prefer to do your banking in person (or at least with a large bank), consider Wells Fargo small business loans instead. It has many more physical locations than , with 4,739 locations in 38 U.S. states. The only area where it’s not really available is parts of the Northeast and Midwest. However, Wells Fargo has low rankings for customer service and the Consumer Financial Protection Bureau (CFPB) has taken several disciplinary actions against the bank.
vs. OnDeck
If you’re willing to work with an online lender, OnDeck offers a refreshingly honest and simple experience for basic business financing needs. It’s upfront with what requirements you’ll need in order to qualify, including being in business for at least a year. The downside is it’s very expensive, and you may need to make weekly or even daily payments on your loan instead of the industry-standard monthly payments.
Compare business loan offers