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BFS Capital small business loans review

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Get up to $500,000 in with this online lender.

A small business loan or merchant cash advance can mean the difference between having a good business and having a great one. Your ideas and projects to grow your business may span beyond your working capital, but that’s where trusted lenders come in. BFS Capital provides financing solutions for many industries and may be just what you need to take your business to the next level.


Min. Amount


Max. Amount


Product NameBFS Capital Business Loan
Min. Amount$5,000
Max. Amount$500,000
Loan Term4 to 18 months
RequirementsEstablished for 1+ years, average daily bank balance of $1,500+, have acceptable credit, no excessive tax liens, open judgments or bankruptcies.

First, do I qualify?

BFS Capital has a few prequalification standards that you’ll need to meet to be considered for a loan. Your business must:

  • Be established for at least a year.
  • Have an average daily bank balance of at least $1,500.
  • Have acceptable credit.
  • Have no excessive tax liens, open judgments or bankruptcies.

What makes BFS Capital unique?

BFS Capital is a direct lender that specializes in small business loans starting at $10,000 and merchant advances starting at $5,000. The difference between BFS Capital and traditional banks is BFS’s quick turnaround. Approval can take as little as one business day, and funding as little as two.

All of BFS Capital business loans are secured. While it doesn’t hold your personal assets, security interest in the borrower’s business assets is held and backed by a personal guarantee.

What are the benefits of BFS Capital small business loans?

  • Fast funding. It’s possible to have access to the full amount of your financing in . Some traditional banks can take weeks, even months to get through the approval process and fund your loan.
  • Less paperwork. A single application is all you need to fill out, and BFS Capital mainly focuses on your most recent sales.
  • Payments are automatic. Automatic payments detract from the likelihood of incurring late fees that could otherwise spike the overall cost of your loan.

What to watch out for

Fast financing up to $500,000 can seem like a dream come true, but there are a few things to keep your eye on.

  • You’ll need a steady revenue stream. BFS Capital automatically withdraws it fixed payments daily or weekly. Traditional monthly payments are out the window, so there’s little room to adjust if you have a few down days.
  • Costs aren’t immediately available. There’s a distinct lack of transparency on BFS Capital’s website when it comes to cost. Where most lenders will give rates and terms, BFS Capital requires you to contact them to get the full picture for your specific business.
  • Loan collateral includes a blanket lien. It may seem great at first that nothing needs to be appraised for this secured loan, but it’s because it’s backed by a personal guarantee UCC-1 blanket lien. That means that almost the entirety of your business assets could be up for grabs if you default on the loan.
  • Origination fee. You’ll pay an origination fee, taken out of the final loan amount. Not all lenders will charge origination fees, but it’s a fairly common additional cost for business loans.

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Updated December 12th, 2019
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National Business Capital Business Loans
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Kabbage Small Business Line of Credit
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A simple, convenient online application could securely get the funds you need to grow your business.
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What do other borrowers have to say about BFS Capital?

BFS Capital is rated A+ and accredited with the Better Business Bureau (BBB). Though there are two negative reviews on the BFS Capital BBB page from 2015 and 2016, they are vastly outweighed by the number of positive reviews received by the company on Trustpilot.

With reviews from as recent as February 1, 2018, there are 208 reviews that provide BFS Capital with an Excellent rating and a TrustScore of 9.7 out of 10. Great service is among the top accolades from reviewers, with others praising the quick turnaround time they got on their financing.

How do I apply?

  1. Click the Go to Site button to be directed straight to BFS Capital’s website.
  2. Fill out your first and last name, email, phone number and company name.
  3. Click Submit.
  4. Download or print out the Signed Application and General Authorization forms.
  5. Fill out the forms and gather your past three months of bank statements.
  6. If your business processes debit and credit card transactions, include the previous four months of debit and credit card statements.
  7. Send the completed forms and statements by email or fax to BFS Capital.

In total, the application process should take less than ten minutes if you have the information on hand. A BFS Capital Funding Advisor will contact you to discuss your application. An approval decision can come in as little as one business day.

What documents do I need to apply?

  • Personal identification. A state or federally issued ID, such as a driver’s license or passport, will be required to prove your identity.
  • Personal bank statements. Your personal bank statements provide insight into your ability to pay back the loan.
  • Most recent profit and loss statements. Daily cash flow is closely inspected due to the type of repayment plans.

I got a BFS Capital small business loan. Now what?

You’ve got the funding you need, but now you need to make sure you’re able to pay back the loan per the terms of your agreement. Automatic payments are deducted weekly or daily, so you’ll want to at least have the amount due ready and in your account each day.

Bottom line

BSF Capital can be a great solution if you meet the qualifications, have a steady daily cash flow and need quick funding. For businesses that have a more sporadic income, it may not be the best option. Getting the best deal that works for you is always important, so before you commit to any one lender, compare your options.

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