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1West is a lending marketplace — sometimes called a connection service — that allows you to apply for the loan you want once and get multiple offers from the lenders associated with the service.
And in that lane, 1West has a lot to offer: It works with over 50 lenders and offers funding within 48 hours for some of its products. The service also has great reviews from its customers and offers a Price Match Guarantee that can help ensure you get the best interest rate on your loan.
But 1West isn’t a direct lender, meaning it can only supply you with the general details surrounding the loan products its lenders offer. And if you’re looking for an unsecured working capital loan, you should be sure that daily or weekly repayments align with your business budget.
This service offers a variety of business financing options but only three loan products — unsecured term loans, lines of credit and SBA loans. And while 1West lists some approximate starting interest rates and base loan terms, the details of your loan depend on the lender whose offer you accept.
This is especially true for the fees you’re charged. 1West offers its service for free, but your lender fees may widely vary. Some customer reviews have complained of only getting offered loans with high APRs, or loan programs that didn’t match their needs.
So, check to ensure the information is up to date before you apply.
If this marketplace isn’t right for your business needs, take a few minutes to compare these connection services. Select Go to site or Read Review to learn more about the requirements and options these services offer.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
|BBB customer reviews||3 out of 5 stars, based on 6 customer reviews|
|Trustpilot Score||4.5 out of 5 stars, based on 132 customer reviews|
|Customer reviews verified as of||01 July 2022|
The vast majority of customers rave about their experiences with 1West, specifically calling out the representatives they worked with and the help they secured for their businesses.
Complaints include insulting or lackluster customer service from individual representatives, and 1West staffers advising applicants to apply despite being ineligible.
Your eligibility depends on the type of loan you need and the amount you request, but you can expect to face the following minimum requirements:
|Loan type||Minimum FICO||Minimum time in business||Minimum gross monthly sales|
|Unsecured working capital loans||500||3 months||$10,000|
|SBA loans||650||3 years||$25,000|
|Lines of credit||500||3 months||$10,000|
1West claims its application process can take as little as 15 minutes and doesn’t include a hard credit pull.
1West has one special promotion to take advantage of if you decide to go with this lending marketplace: a price-match guarantee.
If you get approved for a loan of $20,000 or more with 1West and another lender offers you a lower interest rate, 1West will either offer a better rate or give you a $500 Amazon gift card.
1West finance is a legit lending marketplace that outlines how it uses the information it gathers to connect you with lenders in its service.
1West Unsecured Working Capital is not currently available on Finder
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