Direct Capital business loans review May 2019 |

Direct Capital business loans review

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

Direct Capital Business Loans

Loans of up to $150,000 to help small businesses manage cash flow.

Direct Capital offers loans to small businesses looking to pay for inventory, equipment, manage cash flow, marketing and working capital. Businesses with good credit can qualify for low rates, but beware of daily repayments.
Product NameDirect Capital Business Loans
Min. Amount$1,000
Max. Amount$150,000
Minimum Loan Term0.5 years
Maximum Loan Term1.5 years
RequirementsYour business must be at least two years old with an annual revenue of $150,000 and an average bank balance of $3,000.
  • Business must be at least two years old
  • Generate an annual revenue of $150,000.

First, do I qualify?

To qualify for a working capital business loan with Direct Capital, your business must be at least two years old and generate an annual revenue of $150,000.

What is Direct Capital?

Direct Capital is a division of CIT Bank that provides a range of financial products and loan solutions to small businesses. This provider allows businesses to apply for loans online and offers working capital, equipment financing, franchise financing, business savings accounts and CDs.

What makes Direct Capital unique?

Direct Capital is an online lender, which means the application and funding process take place entirely online.

Direct Capital advertises an application that takes as little as three minutes to complete. If your application is approved, you could receive same day access to your funds.

What are the benefits of a working capital loan with Direct Capital?

  • Online application. No need to worry about booking an appointment with a loan officer. Applications with Direct Capital are entirely online.
  • Quick turnaround. After your loan application is approved and you’ve submitted your documents, you could get access to your loan funds in as little as 24 hours.
  • Flexible term lengths. Loan terms of up to 0.5 years are available so you can select the term that best fits your business.

What to watch out for

  • Daily repayments. Making repayments daily can be difficult for businesses that don’t have regular cash flow or run into an unexpected expense.
  • Certificate of insurance. Should you opt to purchase equipment for your business with your loan funds, Direct Capital may request that you provide a certificate of insurance.
  • Lack of transparency. Direct Capital makes no mention of eligibility criteria or potential business loan fees on its site.

Compare more business loan providers

Updated May 20th, 2019
Name Product Filter Values Min. Amount Max. Amount Requirements
Annual business revenue of at least $42,000, at least 9 months in business, personal credit score of 550+.
Customizable loans with no origination fee for business owners in a hurry.
600+ personal credit score, 1+ years in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
Your company must have been in business for at least 6 months and have an annual revenue of at least $100,000.
Get a large business loan to cover your financing needs, no matter what the purpose is. Startups welcome with 680+ credit score.
1+ years in business, $50,000+ annual revenue or $4,200+ monthly revenue over last 3 months
A simple, convenient online application could securely get the funds you need to grow your business.
6+ months in business, $180K annual business revenue, 500+ credit $15K+ in monthly deposits
Funding to cover business expenses with daily or weekly repayments.
Must operate a business in the US or Canada, have a business bank account and have a personal credit score of 560+.
Submit one simple application to potentially get offers from a network of over 75 legit business lenders.
Varies by lender and type of financing
Varies by lender and type of financing
Varies by lender, but many require good personal credit, minimum annual revenue and minimum time in business
Multiple business financing options in one place including: small business loans, lines of credit, SBA loans, equipment financing and more.

Compare up to 4 providers

What does the Internet say about Direct Capital?

Direct Capital doesn’t have many online reviews as of September 2018 and what’s there is mixed. While the Better Business Bureau (BBB) gives it an A+ rating based on factors like time in business and transparency.

But its 10 customer reviews aren’t all glowing. And nearly 100 Trustpilot users give it a mediocre rating of 8.3 out of 10. Many reviewers praise its customer service, calling it efficient, responsive and supportive. However, some complain of being charged a higher rate than initially being preapproved for on Direct Capital’s site.

How do I apply?


Before filling out your application with Direct Capital, make sure you and your business meet the following eligibility criteria:

  • Your business must be at least two years old.
  • Your business must have an annual revenue of $150,000.
  • You must have an average bank balance of $3,000.

Steps to apply

  1. Go to Direct Capital’s site and click Apply Now.
  2. Enter your full name, phone number, email address, business name and the loan amount you’re interested in applying for. Indicate that you’d like to apply for a working capital business loan. Click Next.
  3. Enter your business address, phone number, time in business and tax identification number. Click Next.
  4. Tell Direct Capital more about yourself, including your full address, date of birth and the percentage of the business that you own. Add any additional owners of the business to the application and click Next.
  5. Review your application and Direct Capital’s application terms and conditions. Click Apply Now.

After it receives your application, Direct Capital gives you a confirmation number. You’ll get an email with your application details and the name and contact
information of your financing manager. Monitor the status of your application from its site by creating an online account with Direct Capital.

Once your application is reviewed, you’re contacted by Direct Capital with a decision. If you need to upload additional documents for Direct Capital, do so through your online account.

If your application is approved, you could receive access to your loan funds in as little as 24 hours.

What documents do I need to apply?

  • Business tax ID.
  • Bank statements for the previous three months.

What other business loan options does Direct Capital offer?

In addition to its working capital business loans, Direct Capital also offers equipment financing loans and franchise financing.

Direct Capital’s equipment financing loan is specifically designed to help you fund your next big equipment purchase for your business. Loans of up to $500,000 are available with terms of up to 72 months and interest rates that start at 5.49%.

Or, help finance your franchise with loans of up to $500,000 and terms of up to 84 months. Use your funds to buy inventory or equipment, upgrade your tech or hire new talent.

I got a Direct Capital working capital business loan. Now what?

  • Grow your business. Use your loan funds to expand your horizons and acquire the resources your business needs to thrive.
  • Monitor your loan online. Log into your online account with Direct Capital to check on your repayments.
  • Reach out to Direct Capital. If there are any hiccups during the repayment term, call your loan officer at Direct Capital by phone or email seven days a week.

Bottom line

Direct Capital offers working capital loans of up to $150,000 to help you grow your business. But its lack of transparency about fees and prepayment penalties and daily repayments can make you look elsewhere.

It never hurts to explore your options with additional providers. Compare your rates with other business lenders to see how Direct Capital stacks up.

Frequently asked questions

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site