PEAC Solutions Business Loan Review (formerly Marlin Capital)
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Pros and cons of
Pros
- Quick funding times
- Lender has strong worldwide presence
- Deferred payment plans available
- Can apply for additional funds once you’ve repaid 50% of your debt
Cons
- Lack of information regarding interest rates and fees
- Doesn’t list minimum credit score and annual revenue requirements
- Relatively low loan amounts compared to some competitors
small business loans review
is an independent lender offering small business financing to companies of all sizes across the globe. Previously known as Marlin Capital Solutions, the company was recently acquired by PEAC (Pan-European Americas Capital) Solutions, which has a solid track record of connecting businesses with reputable leasing experts since 1997.
If your company needs funds quickly,
- Businesses with an international presence. .
small business financing at a glance
| Product | Loan amounts | Repayment term | Estimated interest range | Fees |
|---|---|---|---|---|
| Working capital loan | Up to | Up to months | Not disclosed | Not disclosed |
| Equipment financing | Not disclosed | months | Not disclosed | Not disclosed |
Working capital loans
months to cover a range of expenses like expansions, inventory, marketing and technology services. You can also use the funds for debt consolidation or to refinance existing business loans.
A working capital loan from is a good option for those needing a fast business loan to cover short-term, low-cost or emergency expenses. The online application takes five minutes or less to complete, with funds hitting your bank account in as soon as two to three business days, though it can take longer in some cases.
Equipment financing
If you need to purchase or upgrade new equipment for your business, .
borrower requirements
| Minimum annual revenue | Not disclosed |
| Minimum time in business | Working capital loan: |
| Minimum credit score | Not disclosed |
While states it provides startup financing, your business must operate for at least six months to qualify for equipment financing, or at least 24 months for working capital loans. Your company also needs to be based in the U.S., UK, Germany, France, Poland, Hungary, Italy, Czech, Austria, Sweden or Spain.
Unfortunately doesn’t list all of its business loan requirements in advance, such as its credit score or annual revenue requirements. Its website recommends having a good business credit report and an “acceptable” personal credit score, which is generally 670 or higher.
If you’re unsure what your credit score is, you can monitor and boost your score for free with LendingTree Spring before applying to know where you stand.
Required documents
If you’re ready to apply for small business financing with , gathering the following essential documents in advance can help speed things along:
- The business owner’s Social Security number
- The business’s name and employer identification number (EIN)
- Recent bank statements
- General business information
- Recent financials
Alternatives to
| iBusiness Funding | |||
|---|---|---|---|
| Minimum credit score | Not disclosed | 640 | |
| Loan products offered |
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| Time to funding |
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| As soon as 24 hours |
| Starting interest rates | Not disclosed |
| Factor rates from for term loans |
| Maximum loan size |
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| $500,000 |
| Minimum annual revenue | Not disclosed |
vs. iBusiness Funding
With both and iBusiness Funding, you can typically access up to $500,000 within a few business days — except for iBusiness Funding’s government-backed loans, which can take up to several months to process.
The main advantage of iBusiness Funding is that you can see its credit score, annual revenue and estimated interest ranges in advance. This helps to make a more informed decision when comparing different types of business loans.
vs.
you can also take advantage of its Guaranteed Lowest Payment with equipment leasing, helping you beat leading competitors’ prices.
However, unlike , National Funding only provides financing to U.S.-based companies.
If you need a bad-credit business loan,
Compare business loan offers