Need funding for your small biz? Check out our comprehensive review of Uplyft Capital - the alternative lending solution to lift your business up! #UplyftCapital #AlternativeLending #SmallBusinessFunding
Uplyft Capital is a leading alternative lending company that has been in business since 2013. They provide various financial products and services to small and medium-sized businesses across the United States. Uplyft Capital specializes in providing funding to businesses that have difficulty obtaining traditional bank loans due to bad credit, low revenues, or lack of collateral.
Products and Services:
Uplyft Capital provides a wide range of financial products and services to meet the unique needs of their clients. Their products and services include:
Merchant Cash Advance:
A Merchant Cash Advance is a lump sum of cash provided to a business in exchange for a percentage of its daily credit card sales. Uplyft Capital offers funding amounts up to $500,000, with repayment terms ranging from 3 to 12 months. The interest rates for Merchant Cash Advances are generally higher than traditional bank loans, ranging from 1.1 to 1.5 times the amount borrowed.
Small Business Loans:
Uplyft Capital also offers small business loans with funding amounts ranging from $10,000 to $5 million. The repayment terms for small business loans range from 3 months to 10 years, and the interest rates vary depending on the borrower's creditworthiness and other factors.
Line of Credit:
A line of credit is a revolving credit line that allows a business to borrow money as needed up to a predetermined limit. Uplyft Capital offers lines of credit up to $250,000, with repayment terms ranging from 6 to 12 months. The interest rates for lines of credit are generally lower than Merchant Cash Advances, ranging from 1.05 to 1.35 times the amount borrowed.
Qualifications:
Uplyft Capital has a relatively easy qualification process for its financial products and services. To qualify for funding, businesses must meet the following criteria:
In business for at least six months
Minimum monthly revenue of $10,000
No active bankruptcies
No outstanding tax liens
Ideal Customers:
Uplyft Capital's ideal customers are small and medium-sized businesses that are unable to obtain traditional bank loans due to bad credit, lack of collateral, or low revenues. They cater to a wide range of industries, including retail, hospitality, healthcare, and construction.
Application Process:
Uplyft Capital has a straightforward and user-friendly application process. Businesses can apply for funding online through their website or by calling their toll-free number. The application typically takes less than 10 minutes to complete, and businesses can receive funding as quickly as 24 hours after approval.
Competitor Comparison:
Uplyft Capital has several competitors in the alternative lending space, including Kabbage, OnDeck, and BlueVine. While these companies offer similar products and services, Uplyft Capital stands out for its personalized customer service and flexible repayment terms. Additionally, Uplyft Capital has a transparent fee structure and no hidden fees, unlike some of its competitors.
Reviews:
Uplyft Capital has received positive reviews from its customers for its fast and easy application process, competitive rates, and excellent customer service. Customers appreciate Uplyft Capital's willingness to work with them to find a financial solution that meets their specific needs.
Concluding Remarks:
Overall, Uplyft Capital is an excellent choice for small and medium-sized businesses in need of alternative lending solutions. With its range of financial products and services, easy qualification process, and personalized customer service, Uplyft Capital is well-positioned to help businesses succeed.
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