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Connect 2 Capital business loans review

Borrow up to $4 million from this CDFI or get connected to another nonprofit lender.

finder.com’s rating: 3.42 / 5.0

★★★★★

  • Best for startups and other businesses that have struggled to qualify for funding.
  • Pick something else if you want to compare costs with other lenders before prequalifying.

Details

Min. Amount$500
Max. Amount$5,000,000
Loan TermUp to 300 months
APRVaries by lender
RequirementsFor-profit business

First, do I qualify?

Connect 2 Capital doesn’t have any hard eligibility requirements, other than being a for-profit business. It specializes in funding for underrepresented business owners — such as women, minorities and veterans — though anyone can apply. It also focuses on funding businesses that would create jobs in their communities.

What makes Connect 2 Capital unique?

Connect 2 Capital works as both a direct CDFI lender and connection service, which can increase your chances of being approved for a loan. It offers a wider range of funding than you’d find with most business lenders and could be a particularly good option if you’re looking for a loan under $5,000.

While it doesn’t advertise rates or fees, CDFIs traditionally offer more affordable financing than for-profit lenders. You can compare the costs of loans you might qualify for by filling out its quick prequalification form.

Pros

  • Loans from $500 to $4 million
  • Both a direct lender and connection service
  • Startup funding available

Cons

  • Not transparent about costs
  • You can only reach out by email
  • Other lenders might be faster

Compare other business loan options

Name Product Filter Values Loan amount APR Requirements

Lendio business loans
Finder Rating: 4.75 / 5: ★★★★★

Lendio business loans
$500 – $5,000,000
Starting at 6%
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.

National Funding business loans
Finder Rating: 4.75 / 5: ★★★★★

National Funding business loans
$5,000 – $500,000
4% to 8%
Be in business at least one year and make at least $150,000 in annual sales. Other loan types have additional requirements.
Working capital loans and equipment financing, some high-risk industries may be eligible.

Fundbox lines of credit
Finder Rating: 4.2 / 5: ★★★★★

Fundbox lines of credit
$1,000 – $150,000
Not stated
6 + months in business, $100,000+ in annual revenue, 600+ credit score
Get flat rate, short-term financing based on the financial health of your business, not your credit score.

Bitty Advance business cash advances
Finder Rating: 2.8 / 5: ★★★★★

Bitty Advance business cash advances
$2,000 – $25,000
Not applicable
$5,000 monthly bank revenue, 6+ months in business, business bank account open 3+ months, 450+ credit score
With APRs in the triple digits, this is best saved as a last resort.
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Compare up to 4 providers

How do I apply?

You can apply for funding through Connect 2 Capital through its online application.

Follow these steps to get started:

  1. Go to the Connect 2 Capital website.
  2. Click Let’s Get Started!
  3. Fill out the form with your name and other basic information. Click Continue.
  4. Fill out the required fields with information about your business and click Continue.
  5. Provide more detailed information about your business, revenue and more.
  6. Check the box confirming you aren’t a robot and click Continue.
  7. Review your potential offers. If you like what you see, click Submit Application.

After you submit your online form, you should see contact information for a loan expert who can help walk you through the rest of the process. If you’re not in a rush, you can wait to hear back from your lender for instructions on how to complete your application, which can take one to two business days. Otherwise, feel free to reach out right away.

What documents do I need to apply?

It depends on the lender. Connect 2 Capital doesn’t have any hard document requirements for all borrowers. But most lenders typically ask to see your personal and business tax returns as well as your business bank statements at a minimum.

How do repayments work?

It also depends on your lender. If you borrower through Connect 2 Capital, you can make repayments on its website. Otherwise, follow the instructions in your loan documents or reach out to your point of contact to learn more about how repayments works. Larger business loans typically come with monthly repayments, while smaller loans can sometimes have weekly or even daily repayments.

See how Connect 2 Capital stacks up to other lenders with our business loans guide.

Business loan ratings

★★★★★ Excellent
★★★★★ Good
★★★★★ Average
★★★★★ Subpar
★★★★★ Poor

We rate business loan providers on a scale of 1 to 5 stars based on factors like transparency, costs and customer experience. We don’t take into account elements like eligibility criteria, state availability or payment frequency — we save that for our reviews.

Read the full methodology of how we rate business loan providers to get a better picture of what goes into each star rating.

Review by


Anna Serio is a trusted lending expert and certified Commercial Loan Officer who's published more than 1,000 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Business Insider, CNBC and the Simple Dollar feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.

Expert review

Connect 2 Capital could be a good option for community-based small businesses that’ve had a hard time getting a loan in the past, including startups. It’s a community development financial institution (CDFI) lender that offers business loans for a wide range of uses. If it can’t fund your business’s loan itself, it might be able to connect you with funding from its network of nonprofit lenders.

It doesn’t have any hard credit or income requirements and offers a wide range of funding amounts from $500 to $4 million. And if you borrow through its partner lenders, you can get access to as much as $20 million.

But there are gaps in the information it provides online, including how much it costs. And you can only get in touch by email.

Not sure Connect 2 Capital is right for you? Compare more business loan options below.

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