Sunwise Capital small business loans review

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

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Name	Product	Filter Values	Loan amount	APR	Requirements
Biz2Credit business loans Finder Rating: 3.75 / 5: ★★★★★			$25,000 – $6,000,000	Starting at 5.99%	6+ months in business; $100,000+ monthly revenue; 500+ credit score	Get only the capital you need through secure, prescreened lenders with this highly rated company offering SBA, expansion, working capital and other loans.	Go to site More Info	Compare	loading Fetching your data…
OnDeck short-term loans Finder Rating: 4.6 / 5: ★★★★★			$5,000 – $250,000	As low as 35%	600+ personal credit score, 1 year in business, $100,000+ annual revenue, active business checking account	A leading online business lender offering flexible financing at competitive fixed rates.	Go to site More Info	Compare	loading Fetching your data…
Fora Financial business loans Finder Rating: 4.1 / 5: ★★★★★			$5,000 – $500,000	Varies	6+ months in business, $12,000+ monthly revenue, no open bankruptcies	Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.	Go to site More Info	Compare	loading Fetching your data…
Lendio business loans Finder Rating: 4.75 / 5: ★★★★★			$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.	Go to site More Info	Compare	loading Fetching your data…
ROK Financial business loans Finder Rating: 4.7 / 5: ★★★★★			$10,000 – $5,000,000	Starting at 6%	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.	Go to site More Info	Compare	loading Fetching your data…
Fundbox lines of credit Finder Rating: 4.2 / 5: ★★★★★			$1,000 – $150,000	Not stated	6 + months in business, $100,000+ in annual revenue, 600+ credit score	Get flat rate, short-term financing based on the financial health of your business, not your credit score.	Go to site More Info	Compare	loading Fetching your data…

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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.

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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:

What do I need to apply?

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

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