ROK Financial business loans review
A connection service for all types of businesses — even startups.
- Best for businesses with strong revenue that need last-minute financing.
- Pick something else if you want to compare costs before providing information.
Anna Serio is a trusted lending expert and certified Commercial Loan Officer who's published more than 1,000 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Business Insider, CNBC and the Simple Dollar feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.
ROK Financial is an online connection service that offers same-day financing to all types of businesses. There are no credit score requirements and your business only has to be around for three months to qualify.
But you won’t know much about the cost of the loans available or how repayments work until you fill out the form to get connected. If you’re sensitive about giving out your information, you might want to try another lender try another lender
First, do I qualify?
Your business must meet the following requirements at a minimum to qualify for a business loan with ROK Financial’s partners.
- At least 3 months in business
- At least $15,000 in monthly gross sales or $180,000 annually
There’s no minimum credit score to qualify. However, just meeting these minimum requirements won’t get you the most competitive rates.
The best deals typically go to businesses that have been around for several years, have a strong track record of growth and owners with excellent credit scores of around 740 or higher.
What makes ROK Finance unique?
ROK Finance offers options to small businesses that otherwise might not qualify for financing. Its partners will work with businesses as new as three months and business owners that have a bad credit history.
Each applicant gets customized loan offers after filling out a form and speaking with a loan specialist. And it’s just about as fast as it gets. You can get funded as soon as the same day — and no longer than three days.
Pros and cons
ROK Finance isn’t helpful to all business owners in all situations. Weigh the main benefits and drawbacks of using this service before signing up.
- Get funds as soon as the same day
- No credit requirements
- Cannabis- and startup-friendly
- Doesn’t disclose range of costs
- Potential daily or weekly repayments
- High revenue requirements compared to similar services
Compare other business loan options
See how ROK Finance stacks up by selecting the ranges for how much you want to borrow, your revenue, time in business and credit score.
How do I get started?
ROK Finance will connect you with lenders in its network after you fill out a quick online form. Here’s how to get started.
- Click the green Check eligibility button on this page.
- Fill out the form with basic information about yourself and your business.
- Review the disclosures before checking the box agreeing to them.
- Hit Apply now.
After you submit your application, you should hear from one of ROK Financial’s business financing advisors. They’ll go over your business’s options and tell you what steps to take to complete your application.
What documents do I need to apply?
While it depends on the lender, typically all small businesses must supply at least six months of business bank statements. Or, as many as your business has if it’s been around for less than six months.
Other common documents include tax returns, financial statements and information about the business owner’s assets. But that depends on the lender, the loan amount and your business.
How do repayments work?
ROK Financial’s partners offer financing with daily, weekly and monthly repayments. How your repayments work varies depending on the lender you choose.
You can find information about what your business will owe and when it’s due in your loan agreement. That’s also where you can find out about late fees and prepayment penalties.
Read about our top picks for business lenders to see how ROK Financial compares to the best.