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GoKapital alternative small business loans review

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Find the funding your business needs without the worry of meeting a minimum credit score.

Traditional business loans from brick-and-mortar banks have some of the most stringent requirements an owner can come up against. High credit score and monthly revenue requirements, along with certain industries being barred from qualifying, can keep you from getting the financing you need to grow.


Min. Amount


Max. Amount


Product NameGoKapital business loans
Min. Amount$10,000
Max. Amount$5,000,000
RequirementsMinimum of $10,000 average monthly revenue. At least four months of business bank account statements.

First, do I qualify?

In order to be considered for a revenue-based business loan you’ll need to meet a few eligibility requirements.

  • Your business must have at least four months of bank statements.
  • Have a minimum average of $10,000 in monthly revenue.
  • Have a business bank account.
  • Have less than seven days with negative balances per month.

What makes GoKapital unique?

GoKapital has several ways of procuring loans for customers. The first way is by connecting people looking to borrow with private lenders — like a marketplace. GoKapital also funds loans in house and thus acts as a direct lender. In some circumstances a combination of the two may be used wherein GoKapital funds part of the loan and another private lender funds the other part.

Due to certain regulation and restriction issues, it can be difficult for certain industries to get loans. Two of these, one big and one that’s growing quickly, are healthcare and cannabis. Both are served by GoKapital, along with several other business types that are usually considered high risk that include:

  • Accountants
  • Auto repair
  • Cannabis
  • Construction
  • Dental
  • Healthcare
  • Restaurant
  • Retail
  • Trucking

GoKapital cannabis business loans

Regulatory discrepancies between state and federal laws around cannabis have made it particularly difficult to obtain funding for your business. Banks can be flighty due to the risk of legal action, and even some alternative lenders tend to bar applicants who need financing for their state-authorized business.

GoKapital provides an entire page of information on business development, with tips to stay within your local laws. More importantly though, it provides quick business loans to those in the cannabis industry. The qualifications are simple and much less intense than you might find with a traditional bank.

What are the benefits of borrowing through GoKapital?

  • Newer businesses welcome. Your business only needs to be in operation for four months to qualify. Given that other lenders require one to three years of history, this is an incredibly friendly option for those still getting their feet off the ground.
  • High approval rate. Of the 95% approved, about 70% of borrowers accept the loan offered.
  • Instant qualification results. Most applicants receive their results in just a few minutes, as opposed to waiting days or even weeks for an answer.
  • Tight turnaround. You can potentially get your funds in following approval, compared to a traditional bank’s funding time of anywhere from a week to a month.

What to watch out for

Though GoKapital offers some excellent loan services, there are a few things to keep in mind when comparing it to other lenders.

  • Your loan may not be funded by GoKapital directly. Because GoKapital acts as a marketplace for some borrowers, it may not be the one to actually fund and service your loan.
  • Pricing and terms aren’t transparent. Another downside to loan-matching is that you’re unable to get a solid grasp of potential rates and terms at a glance. Other direct lenders are able to offer their rates and terms upfront, before you apply.
  • You may be routed towards a different type of financing. The decision to offer you a merchant cash advance, invoice factoring or a line of credit instead of an unsecured general business loan may be made based on your credit risk profile.

Compare GoKapital to similar business loan providers

Data indicated here is updated regularly
Name Product Filter Values Loan amount APR Requirements
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.
Seek Business Capital loans
$5,000 – $500,000
Varies by lender
Personal credit of 680+, no bankruptcies in the last 4 years.
Startups and newer businesses could qualify for loans and credit cards with a custom financing package.
National Funding business loans
$5,000 – $500,000
4% to 8%
Be in business at least one year and make at least $100,000 in annual sales. Other loan types have additional requirements.
Working capital loans and equipment financing, some high-risk industries may be eligible.
Diamond business loans
$25,000 – $150,000
5.9% to 19.99%
680+ personal credit score, no late payments or bankruptcies
Grow your startup or cannabis business with a line of credit or fixed-term business loan.
Green Leaf Money cannabis business loans
$1,000 – $100,000
6.98% to 30%
Documented income, records of your business spending and accounts
Connects cannabis businesses with lenders willing to work with them across the country.
Fundanna cannabis business crowdfunding services
$10,000 – $1,070,000
Must own a startup in the cannabis space. You're not eligible if your company is outside of the US or already reports to the SEC.
Raise funds for your cannabis business while using a streamlined platform to communicate with investors and develop a loyal brand following.

Compare up to 4 providers

GoKapital reviews and complaints

BBB accredited Yes
BBB rating A+
BBB customer reviews 3 out of 5 stars, based on 2 customer reviews
Trustpilot Score 3.1 out of 5 stars, based on 6 customer reviews
Customer reviews verified as of
GoKapital has a limited number of reviews on its Trustpilot and BBB pages GoKapital and all are from 2019 or earlier. This makes it difficult to get an idea of GoKapital’s customer service or quality as a company based on former borrower’s experiences.

Three more reviews are available on Trustpilot, all of them from late 2017. All three reviews are five out of five stars and praise the thoroughness with which GoKapital explains the loans.

How do I apply?

  1. Click the Go to Site button on this page.
  2. Fill out the loan amount you’re requesting, your personal credit range, monthly revenue and time in business, then click Get Cash Now.
  3. Fill out your first and last name, email and phone number.
  4. Read and sign the Terms of Use before clicking Continue.
  5. A preliminary decision should only take a few minutes, and your loan options will be presented shortly after. From there, if you’re approved, funding generally takes one to three business days.

Step-by-step application with screenshots

What documents do I need to apply?

  • Personal identification. In order to prove your identity, you’ll need a state or federally-issued ID, such as your driver’s license or passport.
  • Business bank statements. You’ll need to provide your last four months of business bank statements for GoKapital to confirm your average monthly income.
  • Previous year’s business tax information, if available. In order to confirm your annual income, you may need to present your business’s last tax filing.

I got the GoKapital business loan. Now what?

A GoKapital loan advisor will help you through the process of understanding the loan options available to you. Depending on the lender you work with, you may be able to set up automatic repayments in order to avoid late fees.

Bottom line

GoKapital could be a great solution for quick funding if you need it. Be aware that the type of loan you want may not be the type offered, and be mindful of what your loan will fully cost you by the end of your repayments. As with any big financial decision, be sure to compare your options to get the financing that fits your needs.

Frequently asked questions

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