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$10,000
Min. Amount
$5,000,000
Max. Amount
Min. Amount | $10,000 |
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Max. Amount | $5,000,000 |
Requirements | Minimum of $10,000 average monthly revenue. At least four months of business bank account statements. |
In order to be considered for a revenue-based business loan you’ll need to meet a few eligibility requirements.
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:
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 for cannabis industries. The qualifications are simpler and more easygoing than you might find with a traditional bank.
Though GoKapital offers some excellent loan services, there are a few things to keep in mind when comparing it to other lenders.
Explore your options by loan amount, APR and requirements. Select the Go to site button for more information about a particular provider.
BBB accredited | Yes |
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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 Better Business Bureau (BBB) pages, and all are from 2019 or earlier. This makes it difficult to get an idea of GoKapital’s current 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 5/5 stars and praise GoKapital's thorough explanation of its loans.
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 might be able to arrange automatic repayments in order to avoid late fees.
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.
How do I contact customer service?
Contact GoKapital customer service via phone or email. Phone hours are 9 a.m. to 6 p.m. ET daily, and you could request a Spanish-speaking customer service rep if needed.
GoKapital business loans is not currently available on Finder
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