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GoKapital alternative small business loans review

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 specific industries being barred from qualifying, can keep you from getting the financing you need to grow.

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Min. Amount


Max. Amount


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 for cannabis industries. The qualifications are simpler and more easygoing 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

Explore your options by loan amount, APR and requirements. Select the Go to site button for more information about a particular provider.

1 – 6 of 6
Name Product Filter Values Min. Amount Max. Amount APR Requirements
Lendio business loans
Finder Rating: 4.75 / 5: ★★★★★
Lendio business loans
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.
Nav business loans
Finder Rating: 4.8 / 5: ★★★★★
Nav business loans
As low as 1%
550+ credit score
Get connected with personalized matches from over 100 lending options. Plus, get the best rates with the help of dedicated funding managers.
Fora Financial business loans
Finder Rating: 4.1 / 5: ★★★★★
Fora Financial business loans
12+ months in business, $15,000+ gross monthly sales, no open bankruptcies
Get qualified for funding in minutes for up to $750,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.
ROK Financial business loans
Finder Rating: 4.7 / 5: ★★★★★
ROK Financial business loans
Starting at 6%
Eligibility criteria 1+ year in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
Apply for up to $5 million with a 15-second online application. Choose your best offer and get funded as soon as the same day.
Finder Rating: 4.3 / 5: ★★★★★
550 minimum credit score, 12+ months in business, Operate in any US state (including DC) except NV, NH, MD, WV, IA, be registered as an LLC, LLP, S-Corp, or C-Corp
Upstart features a quick, online application and accepts all credit scores. Its unique underwriting process considers alternative factors, such as education and work history.
Big Think Capital
Finder Rating: 4.7 / 5: ★★★★★
Big Think Capital
Starting from 6%
600+ credit score, 2 years in business, $100,000 annual revenue

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 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.

How do I apply?

  1. Choose 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 select Get Cash Now.
  3. Fill out your first and last name, email and phone number.
  4. Read and sign the Terms of Use before you hit Continue.
  5. A preliminary decision should only take a few minutes, and your loan options will be presented shortly after. Funding generally takes one to three business days upon approval.

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 might be able to arrange 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

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.

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