Best Reviews TopConsumerReviews.com Best Business Loans Best Reviews
Best Reviews
      December 9, 2019

Home  >  Business Loans  >  Advanced Commercial Capital vs Capital Loan Hub

Best

Business Loans

  1. Funding Circle
  2. LendingClub
  3. LendingTree
  4. Kabbage
  5. Balboa Capital
  6. Nat Business Capital
  7. CAN Capital
  8. Advanced Comm Capital
  9. Capital Loan Hub

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!
  • Compare

Your Information Is Secure
Personal Loan Tips Newsletter

Latest Reviews

Copyright Registration

Gift Boxes

Home Security Systems

Maternity Clothes

Painting Lessons

PMS Relief

Website Templates

Wedding Planning Software

 

Individual Reviews

On Deck

Funding Circle

LendingClub

LendingTree

Kabbage

Balboa Capital

National Business Capital

CAN Capital

Advanced Commercial Capital

Capital Loan Hub

 

Our professional reviewers evaluate products and services independently, but Top Consumer Reviews may earn money when you click on the links on our pages. Learn more.

Better Business Bureau Reliability Seal

Advanced Commercial Capital vs Capital Loan Hub

Best Business Loans

To help you find the Best Business Loans, TopConsumerReviews.com provides you with an in-depth comparison of Advanced Commercial Capital and Capital Loan Hub.

To see ALL of our reviews for the Best Business Loans, please Click Here

With all the difficulties in today's economy, many people are choosing to open their own business instead of working for a traditional employer. Whether you're just starting your business, expanding your already-established business, or even hanging out a shingle as an online company, it's likely that at some point you'll need a business loan to successfully meet your customer's needs and your business goals.

In the past, small business owners relied heavily on traditional brick-and-mortar banks in order to finance their business loans. Often that meant that borrowers had to rely on their own reputation and relationship with their local bank. Getting the lowest possible interest rate was also more challenging, since there were few lending options from which to choose.

Continue reading below reviews

Best Reviews

2019

Business Loan Reviews

2.5 stars
Advanced Commercial Capital

ADVANCED COMMERCIAL CAPITAL

Visit Site

Based in southern Utah, Advanced Commercial Capital provides business loans through a system known as factoring: a business in need of quick cash essentially sells its outstanding accounts receivable to a financial institution (called a "factor"), and that institution buys those accounts at a discount as its fee for the service. Those fees, which would be somewhat comparable to an interest rate on a loan, typically range from 5.5% to 10%, depending on the credit risk of the invoices purchased by the factor. Those rates are significantly lower than most business loans provided by other services in our review.

When deciding to work with a client, ACC looks to see if the business is essentially successful but having issues with managing their cash flow as they provide goods and/or services to stable customers with good credit. The initial application form is somewhat lengthy; prospective customers must provide detailed information regarding their business, including the structure (for example, sole proprietorship, LLC, and so on), owner(s), primary industry, and at least two trade references. Once the application has been submitted, ACC typically renders a decision within 72 hours. After receiving an original invoice and supporting documentation, businesses can expect to have the funds within 24 hours.

When evaluating ACC's reputability as a business loan provider, we noticed several things that could be cause for concern. First, we were unable to find a Better Business Bureau rating for Advanced Commercial Capital; along with a LinkedIn profile showing that the company has 10 or fewer employees, ACC does not seem to be a key player in the business loan market. Also, both the blog and the Facebook page for Advanced Commercial Capital haven't been updated since 2014, again leaving us to wonder exactly how active ACC is within the lending market. On a positive note, a call to the toll-free number featured prominently at the top of ACC's website was answered quickly; the representative reassured us that they are still very active in the lending industry and that they are working on updating both the Facebook page and the blog in the near future.

In summary, ACC may be the perfect lender for established businesses that want an alternative to a traditional business loan and interest rates that are potentially much lower than what they could obtain elsewhere. However, because Advanced Commercial Capital focuses primarily on factoring-type lending, they may not be the best fit for a large number of potential customers, especially those who are looking for startup cash.

Visit Site
1 star
Capital Loan Hub

CAPITAL LOAN HUB

Visit Site

CapitalLoanHub claims to connect businesses with lenders for no-collateral business loans up to $500,000. While this may be accurate, we found too few details about CapitalLoanHub to know if they are a trustworthy partner for a process that involves such a large amount of money and personally identifiable information.

For example, most reputable lenders and referral services have multiple ways to communicate, whether that's via live online chat, a toll-free number, or all of the above. The only contact methods offered by CapitalLoanHub are an online contact form and an email address - despite being told in the FAQ that prospective customers can call or visit one of their storefronts with any questions. Given that they list their physical address as being on the island of Nevis in the Caribbean, we feel that most American-based businesses will be uncomfortable sharing their private information with CapitalLoanHub, even just to be connected with another (hopefully reputable) lender. There is no guarantee that their information will be kept secure during the process of matching them with possible sources for a business loan.

Even on CapitalLoanHub's “Do I Qualify?” page, there are no specifics as to their lenders' requirements. Do businesses have to be in operation for a certain length of time, have a minimum level of monthly income, or provide a Social Security Number for at least one of the applicants? There's no way to know without providing information; even the “Get Started Now” form has options ranging from “not yet in business” to “5 or more years” time in business, but many business loans are not offered to startups or newer companies.

With so little to prove that CapitalLoanHub is a reliable source for business loans, we can only give them a low rating at this time. We believe you'll have a much more secure and successful process in obtaining your next business loan with one of the higher-rated lenders in our review.

Visit Site

Continued from above

Fortunately, business owners today can choose among many lenders to find the best terms and interest rates available. In addition to the old local options, small business borrowers now have much more and better choices through various lenders on the Internet that specialize in small business loans.

There are many factors that you should consider before selecting a lender for your business loan. Some of these include:

  • Loan size and rate. How much will you be allowed to borrow? What interest rates do they typically offer on loans of that size?
  • Loan application process. When applying for your business loan, can it be completed online? Is the lending process easy and straightforward?
  • Requirements for business history. Can a brand-new business take out a loan, or is there a minimum time that the business must have been in operation in order to qualify? What other verification and/or collateral is required to secure the loan?
  • BBB rating. Does the lender have an established history of good business practices?

TopConsumerReviews.com has reviewed and ranked the best Business Loan programs available today. We hope this information helps you find the best loan for your small business at an affordable rate!

Women entrepreneurs who apply for business loans are more likely than men to be approved, Scotiabank survey finds

On its first year anniversary, The Scotiabank Women Initiativea™ releases new survey findings, expands program to Global Banking and Markets (GBM) TORONTO , Dec. 5, 2019 /CNW/ - Women entrepreneurs who ...

Published:  Thu, 05 Dec 2019 09:30:00 GMT



I could pay off my $78,00 student loans in 2 years, but I have another financial goal that's more important

Her student loans should be paid off by 2025, and she'll still come out with $20,000 more than if she paid them off sooner.

Published:  Fri, 06 Dec 2019 12:39:00 GMT



'Buyer Beware' Is No Way To Fund A Small Business

Part of the difficulty stems from standard lending practices: Traditional banks and lenders aren't generally focused on lending to the little guy - which is to say, business owners seeking loans of ...

Published:  Fri, 06 Dec 2019 05:09:00 GMT



Steve Moore: A law that only a loan shark could love -- What is Congress thinking?

Nowhere is that more evident than when it comes to a congressional plan to put payday lenders and other short-term lending institutions, such as the burgeoning online lenders, out of business.

Published:  Sun, 08 Dec 2019 02:11:00 GMT



Funding Circle US Launches Small Business Choice, Providing Interest Rate and Loan Term Options to Small Business Owners

New feature provides customers three loan choices after a successful loan application Rolled out to all new and existing applicants after initial pilot program Funding Circle US, the leading small ...

Published:  Wed, 27 Nov 2019 16:06:00 GMT



Vietnam Wonders if it Should Outlaw Loan Sharks

As with the protagonist's past, some aspects of real life debt collection have become sordid and even dangerous, such that authorities are wondering if it should even be a legal business sector ...

Published:  Sun, 08 Dec 2019 23:19:00 GMT



Congress plans ban on short-term loans, poor to pay

Nowhere is that more evident than when it comes to a congressional plan to put payday lenders and other short-term lending institutions, such as the burgeoning online lenders, out of business. These ...

Published:  Sun, 08 Dec 2019 21:33:06 GMT



Share Us!   

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure