In a Nutshell
- Good range of repayment terms
- Extensive network of lenders
- Interest rates and APRs not listed on site
- Not directly a lender
Reverzz ID Card
|Loan types||Business loans, lines of credit, merchant cash advances|
|Loan amount||Between $5,000 and $500,000|
|Repayment Terms||3 to 15 Months|
|Top Pro||Get approved and funded in as little as 48 hours|
|Top Con||Individual rates will vary from lender to lender|
|Suitable for||Small businesses looking to cover gaps in cash flow|
Reverzz at a Glance
Reverzz was created with the goal of helping small businesses uncover the cash they need to survive, grow, and operate. In a brief time, the company has become a major broker between businesses and loan providers who can match their unique capital needs. Reverzz’s proprietary technology and simple application process lets prospective borrowers find matches for loans in less than two days, and can help companies stay in operation or afford their expansionary projects more easily. With an easy to use interface and a network of trusted lending partners, Reverzz is an intriguing alternative for businesses seeking quick growth.
Suitable for Whom?
- Companies searching for a cash injection
The company’s lightning-fast application and funding process means small businesses can quickly cover gaps in cash flow, pay off existing obligations to vendors, or cover monthly overheads. Thanks to a simple application, companies that need money over the short-term can easily access it.
- Businesses with weaker credit
Because Reverzz works with several lenders, even companies that have weaker credit histories or experienced financial problems in the past can find funding when they need it most. The company is happy to connect businesses with lenders who can meet their needs, regardless of credit scores.
The company does not originate or underwrite loans, but Reverzz counts on an extensive network of loan providers that can meet a wide range of financing needs. Currently, the company’s network includes 35 top lenders in the industry. Reverzz’s single loan application quickly connects customers to providers who can handle their financing requirements. The company boasts a more than 90% approval rate for applications, and can provide funding to businesses in as little as 48 hours, with approval in many cases arriving same day. For applicants, comparing options and starting the process is completely obligation-free. Customers are not forced to select a loan even if they have filled out Reverzz’ initial application. More importantly, the company does not charge any fees for its matching services. With excellent loan amounts and flexible terms, Reverzz is an intriguing solution for business loans.
Highlights for Reverzz:
- One single application for all lenders
- Get matched in seconds and approved same day
- Funds received in as little as 48 hours
- A strong network of 35 trusted lenders
- A 90% approval rate for applicants
- No obligation to accept any offers extended
- Good range of loan amounts
- Flexible loan repayment terms
The Application Process
To get started with the approval and funding process, Reverzz only requires a single application. The company requests basic information in their initial form including contact details and some specifics about the amount being requested. Additionally, applicants are asked to upload three months of business bank statements as well as their social security number. The company welcomes most applicants, but does set some minimum approval requirements:
- A minimum of 3 months in business
- A minimum of $8,000 in monthly deposits in the three months prior to applying
There are no set requirements for credit scores, although the company’s partners may request additional information or documentation once customers have selected their preferred loan provider. Reverzz also requests that customers have the following information at hand when applying:
- Business tax ID number
- Credit card statements for three months prior to application
- Bank statements for the previous 1 to 3 months prior to application
- Social security number for the business owner(s)
- Driver’s license
Once the initial application is processed, businesses are matched with several alternatives for a loan. After selecting their top choice, prospective borrowers are connected directly to the lender, where they complete the approval before settling on final loan terms and interest rates.
Fast and Easy Loans
One of Reverzz’s biggest strengths is the variety of loans and the ease with which customers can identify the right financing solution. The company’s partners offer standard short-term loans, but they also deliver a wide range of services that include merchant cash advances, invoice factoring, lines of credit, and equipment financing.
While the company does not originate any of these loans, its partners do provide loans designed to cover everything from short-term gaps in cash flows to major expansion projects. Loan amounts for standard short-term loans start at $5,000 and can reach as high as $500,000. Lines of credit can be extended for up to $100,000. The other services offered by Reverzz’ partners may vary by lender, but deliver quick and revolving financing for businesses seeking a more flexible solution than a fixed-rate loan.
When paired with Reverzz’s straightforward application, companies have the means available to access financing easily in as little as two days. Reverzz does not list interest rates or APR information on its website, as these terms are agreed upon with a lender directly when an offer is accepted. There are also no fees attached to using Reverzz’s service, as the company does not charge to match borrowers to lenders.
The company does note that its partners work with over 700 kinds of businesses, and are happy to work with companies operating in almost any industry.
While many of the products Reverzz offers through its partners have revolving repayment periods—especially invoice factoring, merchant cash advances, and lines of credit—its short-term business loans have a good range of terms available. Customers can choose from repayment periods starting at 3 months all the way to 36 months. Repayment is handled daily or weekly depending on the service being used, with payments automatically deducted from a borrower’s business bank accounts.
How Safe Is It?
Help & Support
Those business borrowers with questions or in need of assistance can contact Reverzz via email, phone, or social media. The company’s call center is staffed by professional and friendly agents, and our wait times were minimal. We found that agents could answer our questions fully and promptly. Email requests are generally responded to within a business day, though that could change based on congestion. For customers who require quicker replies, the company’s social media pages are an excellent way to quickly communicate directly with Reverzz.
Deep Dive into Pros and Cons
|Good range of repayment terms||Do not list interest rates and APRs on site|
|Extensive network of lenders||Not directly a lender|
|Funds available as fast as 48 hours|
On the other hand, we were impressed with several aspects of the company’s offerings. It is very easy to get started thanks to Reverzz’s single application for all its partners. The company’s lending network also offers a strong variety of loan terms and amounts, making it a flexible solution for all kinds of businesses. With a simple application and approval process, customers can access their funds as quickly as 48 hours. Thanks to its network, business borrowers of all backgrounds can find the financing they need through Reverzz.
A simple application and fast approval process underline Reverzz’s beneficial offerings for small businesses. The company gives customers the ability to find the flexible funding they need to survive, grow, or embark on major projects. Thanks to an extensive network of lenders that offer excellent loan terms and amounts alongside a strong variety of financing solutions, Reverzz presents an ideal solution for companies seeking fast funding or who have experience financial trouble in the past.