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Excel Capital Management small business loans review

One form could lead to multiple loan options — but you'll have to apply to see details.

  • Best for business owners with poor personal credit scores.
  • Pick something else if you want a transparent application experience.
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Min. Amount$5,000
Max. Amount$5,000,000
Loan Term3 to 24 months
Min. Credit Score500
APR60% to 6%
Requirements3+ months in business, $100,000+ annual revenue

How much will this loan cost me?

Excel Capital Management isn’t transparent about its rates — fairly common with business lenders. An unsecured business loan can typically run anywhere from 60% to 6%, but we were unable to confirm Excel Capital’s exact range of APRs in July 2020.

But, its terms start at 3 months and extend to just 2 years. Loan amounts range from $5,000 to $5,000,000, and what you qualify for will depend on your business’s revenue. Use our calculator to estimate what your monthly repayments might look like.

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How it works

The amount you can borrow — and your rates — depend on your business and personal credit scores. If you meet Excel Capital Management’s minimum requirements, you should expect a higher APR. If your business has been established for more than one year and exceeds the monthly revenue requirement, you may be eligible for a low APR closer to its starting rate.

What do I need to qualify?

To qualify for an unsecured business loan from Excel Capital Management, your business should meet these three requirements:

  • Personal credit score of 500 or higher
  • In business for at least three years
  • Annual revenue of $100,000 or more
  • Operate in the US

You may need to meet additional criteria — such as a longer time in business, higher revenue or higher personal credit score — to qualify for larger loans with longer terms.

What information do I need to apply?

You’ll need this information handy when you fill out your application:

  • Gross monthly sales
  • Estimated personal credit score
  • Business tax ID number
  • Social Security number
  • Date of birth
  • Last four months of business bank statements
  • Last four months of merchant statements, if your business accepts credit cards

What industries does Excel Capital Management work with?

There are no set restrictions on the industries Excel Capital Management will not work with. If your business is in a high-risk industry, reach out to an Excel Capital Management representative to see if you are eligible for a loan.

What other types of financing does Excel Capital Management offer?

Excel Capital Management offers a wide variety of loan options to businesses. But you won’t be able to apply for any one product directly. Instead, you’ll fill out one application and see what type of loans your business qualifies for.

  • Term loans
  • Lines of credit
  • Merchant cash advances
  • Invoice factoring
  • Equipment financing
  • SBA loans

Excel Capital Management works with SBA lenders

While it doesn’t offer SBA loans itself, Excel Capital Management works with select SBA lenders, and can connect you to one after you fill out its application. But keep in mind that the funding process can take months — which makes them bad choices for businesses in need of quick access to capital.

If you want to apply, read our guide to SBA loans to choose an option that works best for your business.


  • Works as a direct lender and connection service
  • Offers loans in all 50 states
  • Funding may be available within one to two business days


  • Complex application process
  • Must apply to view potential loan options
  • Not transparent about rates or fees

See other top business loan options

Use this table to compare more financing options for your business.

Name Product Filter Values Loan amount APR Requirements

Biz2Credit business loans
Finder Rating: 3.75 / 5: ★★★★★

Biz2Credit business loans
$25,000 – $250,000
Starting from 8.99%
6+ months in business; $150,000+ monthly revenue; 500+ credit score
Get only the capital you need through secure, prescreened lenders with this highly rated company offering SBA, expansion, working capital and other loans.

OnDeck short-term loans
Finder Rating: 4.6 / 5: ★★★★★

OnDeck short-term loans
$5,000 – $250,000
As low as 35%
600+ personal credit score, 1 year in business, $100,000+ annual revenue, active business checking account
A leading online business lender offering flexible financing at competitive fixed rates.

Fora Financial business loans
Finder Rating: 4.1 / 5: ★★★★★

Fora Financial business loans
$5,000 – $500,000
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.

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.

ROK Financial business loans
Finder Rating: 4.7 / 5: ★★★★★

ROK Financial business loans
$10,000 – $5,000,000
Starting at 6%
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.

Compare up to 4 providers

Is Excel Capital Management legit?

Despite its focus on short-term business loans and lack of transparency about its fees, Excel Capital Management is a legit lender. Its website is encrypted to keep your information safe when you apply, and it has a privacy policy that covers how it collects information and how that information is used. Its privacy policy covers a wide range of methods to collect information, so read it carefully before applying.

You can opt out of sharing by emailing Excel Capital Management at It may take up to 30 days for Excel Capital Management to respond to your request.

Excel Capital Management reviews and complaints

BBB accredited Yes
BBB rating A+
BBB customer reviews 5 out of 5 stars, based on 1 customer reviews
BBB customer complaints 1 customer complaints
Trustpilot Score 4.7 out of 5 stars, based on 30 customer reviews
Customer reviews verified as of 12 October 2020

Excel Capital Management doesn’t have many reviews, but what is there tends to be positive. Customers are happy with the service they received and the quick process. However, there haven’t been any new reviews since January 2020, which may make it difficult to determine if Excel Capital Management is the right choice for your business.

How do I apply?

Excel Capital Management has a more complicated application process than other lenders — largely because you need to fill out two application forms. And unlike most lenders, you’ll need to electronically sign your application before receiving information about your approval decision.

To get started, follow these steps:

  1. Visit Excel Capital Management’s website and click Get your free quote.
  2. Enter your full name, email and phone number.
  3. Enter details about yourself and your business, including your gross monthly sales and your personal credit score.
  4. Click Submit to be redirected to its full online application.
  5. Enter more details about your business, including its address and tax ID number.
  6. Enter information about yourself, including your Social Security number and date of birth.
  7. Review your information and Excel Capital Management’s terms of service, then sign to finalize your application.

What happens after I apply?

You will need to upload or email copies of your business bank statements, merchant statements and full application directly to After that, Excel Capital Management will process your application and let you know if you’ve been approved within one to two business days. If not, it may connect you with one of its lending partners that may be able to fund your loan.

How do repayments work with Excel Capital Management?

The repayment process depends on the type of loan you borrow. Long-term options, like unsecured business loans and SBA loans, typically have monthly repayment schedules. Short-term loans, like merchant cash advances and invoice financing, may have daily or weekly repayment schedules.

The fees you pay will also vary, so check your loan agreement for details. If you have any questions or concerns, reach out to an Excel Capital Management representative.

Excel Capital Management has a variety of loan options to meet your business’s needs — but you should still compare more lenders to make sure you’re getting the best deal.

Frequently asked questions


Review by

Kellye Guinan is a seasoned financial writer with over 500 articles under her belt spanning all things loans from auto to personal to business and everything in between. With four years in the field and five years of research experience, she's able to make complex personal finance decisions easier for anyone to tackle. When she's not up to her knees learning about the latest trends in lending, she spends her time improving her own financial literacy and expertise — and maintaining a Duolingo streak of over 1,300 days.

Expert review

Excel Capital Management offers a wide variety of loan options for newer businesses. If you’ve struggled to find funding in the past — because of low monthly revenue or limited time in business — you may qualify for a loan from Excel Capital Management. It has relatively low starting rates, and it can even connect more established businesses to an SBA lender.

But while it does offer term loans, Excel Capital Management provides much more information about short-term business loan options like merchant cash advances and invoice factoring. It also lacks basic details about any of its loan products, and when we reached out to customer service via chat, we weren’t able to confirm much about its loans. Instead, we were directed to apply, which may not be the right choice for business owners looking to compare options.

Before you apply, read about other business loan lenders to see how Excel Capital Management stacks up against the competition.

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