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Sunwise Capital small business loans review

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Even with bad credit or no collateral, you could be approved for a small business loan.

finder.com’s rating: 4.3 / 5.0

★★★★★

Sunwise Capital is an online lender that claims to provide financing to more than 700 industries — including restaurants, retailers and manufacturers. Offering loans in all 50 states, you could qualify for a small business loan with daily, weekly or monthly automatic repayments.

$10,000

Min. Amount

$2,000,000

Max. Amount

Details

Product NameSunwise Capital small business loans
Min. Amount$10,000
Max. Amount$2,000,000
Min. Credit Score500
APRStarting from 5.49%
Requirements1+ year in business, $150K+ annual revenue, 500+ personal credit score

What is a Sunwise Capital small business loan?

Sunwise Capital small business loans are available to people with businesses that have been operating for at least one year and have personal credit scores of 500 or higher. Sunwise Capital offers loans between $10,000 and $2 million to expand business, consolidate debt, acquire working capital and just about any other business purpose.

You can apply fully online with qualifications that are minimal compared to traditional banks. Smaller loans of $150,000 or less could be approved in 24 hours with funding available the following business day.

Do you qualify?

You’ll need to have been in business at least one year and have an annual revenue of at least $150,000 to qualify for a Sunwise Capital small business loan. Sunwise Capital accepts business owners with personal credit scores of 500 or higher.

What makes Sunwise Capital unique?

Sunwise Capital offers an opportunity for business owners who may have been turned down from traditional banks to get the funding they need. Unlike a traditional bank that will require extensive paperwork and high FICO scores, Sunwise Capital simplifies the process of getting a loan with a one-page online application and a requirement for the last three months of your financial statements only. You’re provided with many loan options to find one that best suits your situation.
Sunwise Capital also offers Wise Business Loans, which have slightly different requirements and terms.
Get financing from Wise Business Loans

Compare Sunwise Capital to top online business lenders

Data indicated here is updated regularly
Name Product Filter Values Loan amount APR Requirements
First Down Funding business loans
$5,000 – $300,000
Fee Based
At least 1 year in business, an annual revenue of $100,000+, and a minimum credit score of 400
Alternative financing up to $300K with highly competitive rates.
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
$10,000 – $5,000,000
Varies
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.
OnDeck small business loans
$5,000 – $250,000
As low as 9.99%
600+ personal credit score, 1 year in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
Rapid Finance small business loans
$5,000 – $1,000,000
Fee based
Steady flow of credit card sales, bad credit OK
Fundbox business loans
$1,000 – $100,000
4.99
You must have an established business.
Get flat rate, short-term financing based on the financial health of your business, not your credit score.
Kickpay e-commerce business loans
$20,000 – $1,000,000
Not applicable
At least $250,000 in the past 12 months of revenue, e-commerce business, use a 3rd party fulfillment center for storing and shipping inventory, at least one US location.
Get a loan for your e-commerce business based on your sales history.
Fundera business loans
$2,500 – $5,000,000
7% to 30%
$300,000+ of annual revenue, 680+ personal credit score, in business for 3+ years
Get connected with short-term funding, SBA loans, lines of credit and more.
LendingClub business loans
$5,000 – $500,000
12.15% to 29.97%
12+ months in business, $50,000+ in annual sales, no bankruptcies or tax liens, at least 20% ownership of the business, fair personal credit score or better
With loan terms that vary from 12 to 60 months, enjoy fixed monthly payments and no prepayment penalties through this award-winning lender.
Monevo business loans
$500 – $100,000
3.99% to 35.99%
Credit score of 500+, legal US resident and ages 18+.
Use this connection service to get paired with a loan you can use for business.
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What are the benefits of a Sunwise Capital small business loan?

Sunwise Capital small business loans may be able to fund your business needs quickly, even if you have bad personal credit.

  • Low starting rates. You might qualify for a rate as low as 5.49% if you have excellent credit, a low debt-to-income ratio and bring in a high revenue each year.
  • Best rate guarantee. If you receive a written business loan offer with similar terms from another lender, Sunwise Capital will either beat the rate offered or give you $500.
  • Easy process. Complete the one-page application for approval in 24 hours (for smaller loan amounts) and funding within two business days.
  • Minimal paperwork. Provide fewer documents than a bank requires for approval.
  • Apply with poor credit. Loans are typically available to those with personal credit scores of 450 or higher.
  • No prepayment penalty. Avoid accruing additional interest by paying off your loan early.

What to watch out for

Sunwise Capital small business loans can get you funded to grow your business quickly, but there are some drawbacks to consider.

  • High minimum revenue requirements. Your business must have earned a minimum of $150,000 the previous year to be eligible for a loan.
  • Daily repayments. Choosing to pay back your loan each day can quickly erode your business’s cash flow — and daily repayments tend to require daily automatic withdrawals.
  • High rate of reborrowing. Sunwise Capital advertises that 77% of its clients reborrow two to three times a year. Many loan renewals could indicate that borrowers end up unable to pay back their large debt over a short period, requiring another loan as a temporary fix.

Am I eligible for a Sunwise Capital small business loan?

The loan rates and terms you’re ultimately offered depend on your business’s age and annual revenue among other factors. Eligible applicants include those who:

  • In business at least one year
  • Annual revenue of at least $150,000
  • Personal credit score of at least 500

What do I need to apply?

To apply for a Sunwise Capital small business loan, you’ll complete a one-page online application indicating:

  • The loan amount you’re requesting.
  • Your average business monthly deposits.
  • Your legal business name.
  • Your company’s type or industry and years in business.
  • Your full name and contact information.
  • Your business’s annual gross revenue.
  • Your business’s monthly credit card sales.

Sunwise Capital will determine what loan amount and terms to offer you based on the combination of factors in your application.

I got the Sunwise Capital small business loan. Now what?

You’ve got money to grow your small business. Now you’ll want to responsibly pay back your loan according to the terms and conditions of your contract.

As with any business loan, avoid unnecessary interest and late charges with on-time payments. Your Sunwise Capital business loan could come with daily, weekly or monthly repayments. You can set up automated withdrawals so you don’t have to worry about missing a payment.

Bottom line

A Sunwise Capital small business loan is just one online option to help fund your business if you aren’t eligible for a more traditional loan with a bank or other financial institution.

Be sure to explore your other business financing options to make sure you find the best one for you.

Frequently asked questions about Sunwise Capital

Business loan ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We rate business loan providers on a scale of 1 to 5 stars based on factors like transparency, costs and customer experience. We don’t take into account elements like eligibility criteria, state availability or payment frequency — we save that for our reviews.

Read the full methodology of how we rate business loan providers to get a better picture of what goes into each star rating.

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