Currency Capital Review

By: Derek Porter

Currency Capital ID Card

Loan typesWorking Capital, Line Of Credit
Loan amount$5,000 to $2 million
Repayment Terms2 to 10 Years
Top ProExtensive network of reliable business lenders
Top ConLend to almost all credit types (A-D)
Best forBusinesses financing 1 or several equipment purchases

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Currency Capital at a Glance

Currency Capital was established after the end of the 2008 financial crisis. The founders, a team of financial experts and technology experts, noticed that a large portion of small- and medium-sized businesses around the country were being blocked from accessing the funding they needed to succeed. Instead of leaving it to banks with their lengthy approval processes, Currency Capital offers a quick, efficient, and comprehensive solution for businesses looking to buy the equipment and tools they need to expand. To date, Currency Capital has helped fund companies with over $500 million in new equipment financing and continues to assist business borrowers by matching them to the lenders best suited to fulfill their needs.


Best for Whom?

Currency Capital’s services are focused on financing for equipment. Its services are ideal for small- and medium-sized businesses looking to expand their fleets or fund an expansion project. The requirements make this option best suited for businesses that have been active for longer and have a well established financial track record.

To be eligible, Currency asks that borrowers meet a minimum credit score and other more stringent requirements, prior to releasing funds. This is due in large part to the company’s quick approval and funding process. This requires them to rely on a high baseline when accepting applications. Nonetheless, we still found that Currency Capital’s offerings are applicable for a vast range of enterprises and can be incredibly useful for growth-oriented businesses.

To be approved, customers should meet the following requirements:

  • Be in business for at least 6 months
  • $75,000 in annual revenues
  • No bankruptcies in recent years
  • Business owners have a minimum credit score of 585 

Loan Features

Currency Capital offers equipment financing loans to businesses with a model built around facilitating the process as much as possible. Currency is not a direct lender, but rather gives customers access to a vast network of potential financers and lenders. Customers can apply directly through Currency Capital. Currency will then run new applications through its advanced technology process before approving applications in as little as 3 minutes and funding borrowers almost immediately. Moreover, Currency has partnered with several companies that offer business equipment, further simplifying the procedure for purchasing and financing equipment. We were also impressed with the quick application, which is comprehensive without being invasive or time consuming. Currency Capital offers outstanding rates and loan terms through its partners, giving borrowers the flexibility and ability to affordably finance the tools they need to grow.

Some highlights of our Currency Capital review:

  • Competitive interest rates for new equipment financing
  • Loan amounts between $5,000 and $2 million
  • Approval time ranges from 3 minutes to 3 days
  • Due diligence offered on equipment to be purchased
  • Partners with insurance companies that specialize in equipment financing
  • Works with customers with good to excellent credit
  • Application only performs a soft credit pull

The Application Process

Currency Capital simplifies the application process by avoiding the bureaucracy that typically arises when borrowing from institutional lenders such as banks. To apply, customers must fill out a small questionnaire that includes essential financial details regarding their business, as well as some personal financial information. Once completed, Currency Capital runs a soft credit inquiry on borrowers, as well as other third-party checks including tax returns and other information. Thanks to a comprehensive application, the company can make an approval decision in as little as 3 minutes, although some cases may take up to 72 hours.

Customers can apply in 1 of 2 ways:

  1. They can apply directly through Currency’s website, receiving their funds in short order if approved.

  2. Currency has partnered with several equipment and financial services providers, allowing companies to directly offer Currency Capital’s equipment financing as a middle man. This allows customers to find the right tools and finance them without taking too many steps

Loan Terms – Financing Growth

By offering financing solutions almost exclusively for equipment purchases, Currency Capital gains an edge in the field, which they parlay into a well-rounded service offering.

Another aspect that separates Currency Capital from the competition is its full-service mentality. Customers can search for insurance on the equipment they are leasing, and find it directly through Currency’s service. Additionally, the company offers extensive due diligence services. For customers looking to purchase new equipment, Currency employs experts that perform extensive inspections to verify that everything is in working order. The process takes roughly 24 hours, and afterwards Currency will communicate directly with the vendor to settle payment terms and disburse the funds.

Repayment Terms

Currency Capital’s services come armed with highly competitive interest rates. Loan terms are varied enough to give businesses good upside to repay their loans. Repayment terms start as low as 12 months and stretch as high as 5 years for customers with excellent credit. Interest rates offered by Currency Capital’s network range from lows of 6% towards an upper limit of 25%. Customers can access financing for equipment in amounts ranging between $5,000 and $2 million. Overall, repayment terms are fair and offer customers with good credit a significant amount of choices when it comes to finding the financing solution that works best for their business needs.

How Safe is It?

Currency Capital takes important steps to protect customers’ information. Personal data is collected, including basic non-identifying information as well as the personal details derived from a customer’s application and registration. However, Currency Capital is transparent about how this data is utilized. They only share information with third parties in order to provide services to customers. Industry standard security measures are used to protect information while it is being transmitted and stored on servers. Additionally, Currency Capital’s data centers are protected by both physical and virtual failsafe mechanisms.

Help & Support

To get in touch with Currency Capital, users can submit an email ticket claim, call a toll-free number or reach support agents immediately using a live chat feature on the website. We found the support to be fast and effective. Both over the phone and through the live chat, wait times were minimal. Interactions with agents were professional and all of our questions were answered. Emails are generally answered within 1 business day and the responses were straightforward and courteous.

Deep Dive into Pros and Cons

While overall, Currency Capital offers competitive services, here are some areas where we believe they could strengthen their offerings:

  • Expand to include more than just new equipment financing
  • Cater to customers other than established businesses with good credit
  • Exclude lending partners that charge origination fees and prepayment penalties
  • Reconsider inclusion of loans that require business owners to provide a personal guarantee to secure financing

Here are some of the top reasons to choose Currency Capital:

  • Competitive repayment terms and interest rates
  • Loan amounts are versatile and provide a wide range of choices
  • Support is provided during all stages of financing, from application to closing on a loan
  • Application and approval can take as little as 3 minutes


Currency Capital offers a comprehensive service for customers seeking equipment financing. The company’s fast and reliable application process gives customers the possibility of being approved and funded in as little as 3 minutes. With a full array of support services, including equipment insurance and inspection, Currency Capital makes it easy to receive financing through one of its lending partners. Excellent interest rates and competitive loan amounts make Currency Capital a suitable choice for anyone looking to finance equipment purchases and grow their business.

Physical Address

Currency Capital

LA Office

12100 Wilshire Blvd

Los Angeles, CA


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