Based in West Hempstead in New York, iCapital Funding is a business financing firm that offers customized financing options to business owners. It has a partnership with other lenders, banks, and financing providers. Offered loan products include short term loans, long term loans, and merchant cash advances. Funds availed can be used for business purposes such as purchasing equipment, repairing, advertising, buying machinery, making payroll, restaurant financing, working capital, upgrading facilities, marketing, franchise financing, and taxes.
Finances from iCapital Funding are approved after considering the current financial setup and needs of the requesting business, along with the cash flow it is bringing in. A perfect credit score is not a necessary criterion, but there are basic requirements for attaining a loan: a business bank account, bank statements covering the preceding 3 months, and a signed application. The company monitors the payments and assists clients during the process of financing.
In April 2019, Trustpilot ranked this company 271 out of the total 350 it had listed on its website, under non-bank finance. Its TrustScore is 7.7 out of 10. iCapital Funding is accredited with Better Business Bureau (BBB) and has an A rating from it.