Fast Capital 360: Is it the Right Online Business Lending Platform for You?

Fast Capital 360 is a business financing platform that provides quick and easy access to working capital for small businesses.

Pros:

Speed: Fast Capital 360 claims to provide funding in as little as 24 hours, making it a fast and convenient option for businesses in need of quick capital.
Easy application process: The platform has a simple and straightforward application process, allowing business owners to apply for funding with minimal hassle.
Wide range of funding options: Fast Capital 360 offers a variety of funding options, including business loans, lines of credit, and merchant cash advances, giving business owners the flexibility to choose the option that best suits their needs.

Cons:

Higher costs: The cost of financing through Fast Capital 360 is typically higher compared to traditional business loans, as the platform caters to businesses with less-than-perfect credit.
Short repayment terms: The repayment terms for Fast Capital 360’s funding options are often shorter compared to traditional business loans, which may not be suitable for all businesses.

Features:

Automated decision making: Fast Capital 360 uses advanced algorithms and data analysis to make lending decisions, allowing for quick and accurate funding decisions.
Online dashboard: The platform provides business owners with an online dashboard where they can view and manage their funding account.

Comparisons:

Fast Capital 360 is similar to other online business lending platforms, such as Kabbage and OnDeck, in that it provides quick and easy access to working capital for small businesses. However, Fast Capital 360 sets itself apart by offering a wider range of funding options and a more user-friendly application process.

In conclusion, Fast Capital 360 is a good option for small businesses in need of quick and easy access to working capital. However, it is important to consider the higher costs and shorter repayment terms before applying for funding through the platform.