Excel Capital Review

ByTop10 StaffNov. 16, 2020

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In a Nutshell

Excel Capital offers a variety of loan options, all with excellent customer service. It's list of loan types is long and the repayment plans are flexible to fit your needs. Whether you like a structured payment plan or a merchant cash advance or line of credit, Excel has something for your business.


  • Variety of loan types
  • Straightforward application saves time and energy


  • There is no FAQ section
  • It can be hard to find specific details of interest rates

Excel Capital At a Glance

Loan typesMerchant cash advances
Loan amount$5,000 to $10,000,000
Repayment Termsup to 5 years
Top ProWide range of loan products
Top ConInformation on the website could be easier to find
Suitable forSmall businesses requiring a flexible credit solution


Excel Capital was founded in 2013 with the belief that businesses should have better access to credit than solutions offered by traditional lending institutions. The company was built with a customer-first approach and an unconventional system to value a company’s worth. Since its inception, Excel has helped facilitate funding for over 500 companies, totaling more than $75 million. The company offers credit services that aim to help small businesses obtain the funding they need for payroll, equipment, reinvestment, and general cash flow needs. Additionally, Excel eschews the outdated model of examining a company’s historical credit data, instead choosing to focus on a company’s present valuation and financial health as the driving factors for loan approval. Moreover, Excel prides itself on speedy turnaround when it comes to providing customers with the funding they need. 

Suitable for?

When it came down to the breadth of business solutions Excel Capital offers, we were astonished by the versatility of available lending products. The company’s many loan products make it ideal for businesses with a wide range of financial needs, as well as those simply looking for a quicker way to grow. However, Excel’s many credit offerings are geared toward small businesses, even on the higher end of the loan spectrum. The company’s products are designed to assist businesses with problems that are more common for smaller organizations compared to enterprise-level corporations. From short-term loans to equipment purchase financing, the emphasis is always to enable companies to remain cash-flow positive even when making sizeable investments in their future. Ideally, Excel represents an outstanding solution for those small businesses that require extra capital to scale operations, but would prefer not to be locked into a single type of loan that will hinder expansion over the long-term. 

Loan Features

There is much to like about Excel’s credit offerings. The company offers a straightforward application process that does away with many of the trappings of outdated financial institutions while disbursing the funds you need quickly. Moreover, the sheer choice of different products means that your company does not have to settle for a loan service with high rates or unfeasible payment schedules that create unnecessary obstacles to growth. It was exciting to see that the company targets different types of small businesses with different products ranging from startups to more established companies. Besides the wide array of borrowing options, Excel offers an easy-to-use loan calculator designed to help you estimate repayment terms depending on the loan term and amount. Another area Excel stands out is the emphasis on customer service that supports your understanding of the lending process while guiding you through the application. In-house representatives are trained to help find the most suitable loan offering for your needs.

Here are some features of Excel Capital: 

  • Pay-as-you-go plans let you avoid locking your business into a long-term contract
  • Outstanding variety of loan offerings 
  • Access financing for your business in as little as 72 hours 
  • Impressive 90% approval rate
  • Qualification focuses on present company valuation and financial health 
  • Excellent customer support 
  • No hidden fees
  • Valuable educational blog

The Application Process

One of the characteristics that impressed us most about Excel Capital is the application process. The company takes a unique approach to the application and qualification process, placing a greater focus on a borrower’s present financial health and valuation over credit history. As such, Excel will ask to see recent credit card and bank statements when reviewing your application. To get started, you are required to fill out the company’s initial one-page application. After a 24-hour review period, you will be shown all the different financing options available before working with one of the company’s funding specialists to select the offering that suits your company’s needs.

Once you have chosen your loan product, Excel will walk you through the remaining steps of the process. After you have completed the remainder of the application and are approved, you are eligible to receive funds in as little as 48 hours. It is important to note that some of the company’s credit services take slightly longer to be approved owing to longer application periods. Overall, we found that even for the most complex loan offerings, Excel’s application simplified the approval process and resulted in faster qualification and quicker financing. 

Loan Terms – Versatile Credit Products

When researching Excel Capital, we found that the company offers an excellent variety of financing choices that can complement any small business’ growth plans. Excel will not pigeonhole you into one type of loan, but will instead work to build the financing plan that fits your needs. Excel offers the following kinds of credit services for small businesses: 

  • Merchant cash advances 
  • Term loans 
  • Equipment financing 
  • Invoice factoring 
  • SBA loans 
  • Business lines of credit 
  • Startup loans

These options offer different terms and repayment models that are suitable for all kinds of cash-flow situations and business models. If you prefer a more structured approach to repayment, Excel’s term loans offer fixed rates and set repayment terms that vary from short-term loans that are repayable within 3 years to medium-terms that expand the repayment to 5 years. Other borrowers might be interested in the company’s Split Funding—also known as merchant cash advances—that let you set a flat percentage of your payment card receivables to remit every day. We appreciate that Excel can accommodate businesses with steady cash flow, as well as those whose income is more variable and cannot always afford a set monthly amount.

Another thoughtful move on the part of Excel is the openness about the requirements to apply for every one of the loan products. While it varies depending on the specific credit product, Excel Capital asks for the following from all applicants: 

  • Proof of operating history of at least 2 months 
  • No open bankruptcy proceedings, legal, or tax issues
  • A set amount of credit card sales (varies depending on the product)
  • Gross monthly sales of $10,000 for some loan types
  • Bank and credit card statements 
  • In some cases, a minimum credit score between 620 and 700

Another outstanding side of Excel are the services geared towards new businesses. Excel’s startup loans are a wonderful way to access the financing needed for sustainable growth. The company does not require a minimum revenue amount, collateral, and removes interest on the first year of repayment for most lines of credit. Moreover, startup loans are also eligible for balance transfers to help keep rates at 0.00% after your introductory period expires.  For this type of credit line, monthly payments amount to 1.00% to 2.00% of the balance. Your business can even pre-qualify for a loan by signing up for a credit checking service.

Repayment Terms

There are several diverse ways you can set up your repayment to Excel Capital depending on the type of loan service you are using. For the more traditional offerings such as term loans, startup loans, and the SBA offering, interest rates and repayment terms are fixed. Short-term loans have a repayment term of 3 to 24 months, while medium-term loans have terms from 2 to 5 years. Other loan offerings such as equipment financing, invoice factoring, or the company’s split funding service include flexible repayment terms. Some of these do not have fixed timelines, as they involve financing equipment leases, or are paid as necessary, as is the case with split funding. It is worth noting that for some of the company’s products, and especially larger sums, loan terms can be extended and might vary on a case by case basis. 

How Safe Is It?

When looking for business loans online, many companies will be rightfully concerned about data security. Excel Capital does a terrific job of accounting for those concerns, and is transparent about the measures they take to protect customer details. For one, the initial application does not ask for any sensitive information, and you will only be required to provide in-depth financial details once you have completed the qualification portion of your application. Additionally, Excel keeps your information on secure servers that feature industry-standard electronic and physical safety measures.

Help & Support

Excel’s customer service was a major plus we discovered during our research. If you have any queries, you can contact the company through a live chat window on their website, via an online request, or by telephone. We found that Excel’s representatives offer outstanding service through all channels. Questions were answered quickly via e-mail, usually within a business day. Telephone inquiries are also processed quickly and you can speak to a representative that in our experience was knowledgeable and courteous. We would have appreciated an FAQ section to more easily uncover answers, but overall the company’s service was outstanding.  


Overall, there are some distinct advantages of using Excel Capital’s services to handle business financing needs. The company offers a vast range of credit products that are ideal for a wide variety of companies across industries. Excel Capital Management has put serious thought into the services for each individual case, as opposed to simply slotting customers into a loan that could potentially do more harm than good. The company’s loan amounts and terms are flexible while being designed to cover several different types of business financing needs. We were also very appreciative of Excel’s quick application, which helps lead you to a solution while not forcing a cookie-cutter solution. For small companies that have cash flow issues or are simply looking to expand, Excel Capital offers a straightforward and swift solution to meet their financing needs. 

Physical Address

Excel Capital Management

108 Greenwich St.

5th Floor

New York, NY


Excel Capital Management