Atlas One Fund Review

Tuesday, March 18th

2025 Business Loan Provider Reviews

Atlas One Fund

• Between $5,000 and $5,000,000 loan options
• 24-hour funding for approved applications
• No collateral is required for most products
• Flexible repayment terms
• Various financing options for different needs
• Fast online or phone application

Atlas One Fund is a business loan provider that provides multiple financing options for small businesses that want money for their operations faster than traditional bank loans. Atlas One Fund isn't a bank, so it can provide a streamlined funding process that business owners can use to access the capital they need to launch and grow their operations in a more timely manner than through other means.

Financing options are varied

Atlas One Fund offers several financing products to meet different business needs, including a Merchant Cash Advance (MCA). It provides a lump sum of cash in exchange for a percentage of future credit/debit card sales with no credit score requirements and funding within 24 hours. Another option is a Business Loan, which serves as an unsecured loan alternative to bank loans. It does not require collateral and has a fast approval process within 24 hours. All of Atlas One Fund's financing products have flexible repayment terms and do not require minimum credit scores, and businesses in any industry can apply.

Business Line of Credit

Additionally, they offer a Business Line of Credit that provides access to a revolving line of credit up to $500,000. With a Business Line of Credit, businesses only repay amounts withdrawn plus interest and can receive 24-hour approval. Finally, they offer Equipment Financing in the form of loans or leases to purchase equipment with terms of up to 5 years, requiring one year in business.

Application process has problems

Applying is supposed to be simple according to the website's promotional copy. It says that you can apply online or over the phone by providing the amount you need, your monthly revenue, and contact information. However, the website's application form did not recognize as valid a perfectly valid U.S. phone number we entered, so we were unable to go through all the steps. An alternative path led us to a Dropbox Sign page where they wanted us to give up our email address and then review and sign an intimidatingly long legal document.

Be aware of the eligibility requirements

From what we could gather from the rest of the website, the system evaluates the business and typically provides a decision within 24-48 hours. To be approved, businesses must have been in operation for at least 1 year, have a FICO score of 600+, and average monthly revenue of $10,000+. If approved, closing documents are signed and funds are deposited via wire transfer or ACH, sometimes on the same day. No collateral is required for most products.

Some advantages (maybe)

There are several potential benefits to obtaining financing from Atlas One Fund. The application process is (allegedly) fast, with most loans being deposited within 24 hours of approval. This allows you to access capital quickly when you need it. Additionally, no collateral is typically required for their financing products. Not having to pledge an asset can make obtaining funds more feasible for some. Atlas One Fund also offers flexible repayment terms that work with various business cash flows. And, they provide different financing options so you can choose the one best suited to your particular needs.

• The application process is fairly quick, with most loans being deposited within 24 hours of approval. This allows you to access capital quickly when you need it.
• Additionally, no collateral is typically required for their financing products. Not having to pledge an asset can make obtaining funds more feasible for some.
• Atlas One Fund also offers flexible repayment terms that work with various business cash flows. And, they provide different financing options so you can choose the one best suited to your particular needs.

Too many downsides

However, there are also some drawbacks to consider.

• Interest rates and fees tend to be higher compared to traditional bank loans. This means financing from Atlas One Fund is likely to cost more in the long run.
• Eligibility criteria for approval are also strict. Applicants must meet minimum requirements around credit scores, time in business, and revenue levels. This can exclude some businesses that need help. Products like merchant cash advances also involve daily or weekly repayment of future credit card or debit card sales.
• Repaying a portion of revenue streams over time adds complexity versus a regular loan payment. You must also carefully consider the overall application of funds due to the higher costs of financing.

In weighing the pros and cons, you'll need to assess whether the faster funding and flexible terms from Atlas One Fund outweigh the increased interest and fees. The financing may make sense for some, but others may be better suited to alternatives depending on their specific situation and ability to qualify. A thorough review of all options is advised before applying.

No customer reviews

Unfortunately, there were no customer reviews available when we evaluated Atlas One Fund. Neither Trustpilot nor the Better Business Bureau had listings and reviews. That's a huge problem when a small business owner like you is trying to determine if a lender has the reputability and the track record of customer service to help guide them through something as impactful as a business loan.

It's a no from us

Atlas One Fund's streamlined application and fast funding process allow most businesses to receive funds within 24 hours if approved. However, eligibility requirements are strict and financing comes at higher costs than traditional bank loans. The fact is that in order to get a loan, borrowers must demonstrate a certain trustworthiness via their credit scores. It's only fair that lenders be treated the same from the borrower's perspective through trusted review sites. Atlas One Fund is the only company to have no reputational measurement through trusted outlets like Trustpilot and the Better Business Bureau. That puts them at the bottom of our recommendation list.