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Running a business rarely moves in straight lines. Some months you’re flush with revenue, other times you’re watching invoices stack up while new opportunities wait on the other side of a funding gap. For owners caught between what they could do and what they can afford right now, fast capital makes the difference.
That’s where iCapital Funding steps in. The lender focuses on getting money into the hands of small and mid-sized U.S. businesses quickly, often within 24 hours. Its model trades the paperwork and rigid underwriting of traditional banks for a simpler process, real human guidance, and a focus on what your business is doing today rather than your credit score last year.
Swoop’s review looks at how iCapital Funding operates, from eligibility and application steps to repayment timelines and overall fit compared to other business finance options.
An overview of iCapital Funding's business loans
iCapital Funding positions itself as a practical alternative for small and mid-sized U.S. businesses that need quick access to capital without the red tape of traditional lending. Its focus is on responsiveness, personal support, and flexible products that adapt to each company’s cash flow.
The lender’s three advertised funding options—Revenue-Based Advance, Equipment Financing, and Business Line of Credit—address different stages of business growth and operational needs.
Unsecured business loans
The core of iCapital Funding’s model is its Revenue-Based Advance, which acts as an unsecured working-capital product. Instead of relying on fixed monthly repayments, this structure advances a lump sum of capital based on projected future sales.
Repayment adjusts to your daily or weekly revenue, so payments naturally rise and fall with cash flow. It’s built for businesses that need fast access to funds without pledging property or waiting weeks for approval.
Typical use cases include:
- Covering payroll or inventory gaps
- Handling seasonal downturns
- Funding marketing or expansion campaigns
Secured business loans
For businesses that rely heavily on machinery or vehicles, iCapital Funding offers Equipment Financing. This option lets owners purchase or upgrade essential assets without draining their working capital. The equipment itself typically serves as collateral, making this one of the lender’s few secured options.
This structure can help spread high costs over manageable payments, giving businesses room to invest in productivity without tying up cash reserves.
Growth Guarantee Scheme
iCapital Funding does not operate under any government-backed schemes such as the UK Growth Guarantee or SBA programs. All approvals are private and based on the company’s own underwriting approach, which reviews real business performance rather than formal credit scoring alone.
Additional funding products
Beyond lump-sum advances or equipment loans, iCapital Funding also offers a Business Line of Credit. This revolving facility gives businesses continuous access to working capital. You can borrow what you need, repay, and reuse as cash flow fluctuates.
It’s designed for flexibility, making it useful for covering short-term expenses, managing inventory cycles, or seizing last-minute opportunities.
What is iCapital Funding’s typical interest rate?
iCapital Funding doesn’t publish rates or factor fees online. Each offer is customized around the business’s profile, revenue, time in operation, cash flow, and requested amount. That can make comparisons harder but also suggests flexibility for companies that fall outside conventional lending boxes.
How much can I borrow with an iCapital Funding business loan?
Borrowing limits are not publicly disclosed, and the lender’s website doesn’t list minimum or maximum funding amounts. The actual offer depends on your financial strength, repayment capacity, and the purpose of the funding.
What is the acceptance rate for an iCapital Funding business loan?
Approval rates are not published, but iCapital Funding markets itself as a relationship-focused lender rather than a credit-score gatekeeper. That approach generally means higher approval odds for stable, revenue-generating businesses, even those with limited credit history or previous declines from traditional banks.
Eligibility criteria and whether you qualify
While no formal checklist is available, businesses most likely to qualify share a few traits:
- Active U.S. operations
- Steady revenue or card sales
- Willingness to provide basic financial and ownership documentation
iCapital Funding does not state any minimum credit score, annual revenue, or time-in-business requirements. That ambiguity gives it room to work with a wide range of applicants but also means terms vary significantly by case.
Additional information
Early repayment fees
The company does not specify whether early repayment reduces costs or incurs penalties. Borrowers should review this carefully with their Funding Specialist.
How long does it take to get approved?
Applications are often reviewed within hours, blending automation with manual underwriting.
Estimated time to receive funds
Funding typically occurs within 24 hours of approval and contract acceptance.
Can a loan be repaid early?
Yes, early payoff is usually allowed. Whether it leads to savings depends on the structure of your agreement.
Is security required?
For most borrowers, no. Some larger loans may involve a lien on business assets, but that’s decided on a case-by-case basis.
What documentation is required
Documentation is lighter than a bank loan but still structured enough to verify cash flow.
Business information
- Legal name, EIN, and address
- Business type and industry
- Estimated monthly or annual revenue
Business owner information
- Identification (driver’s license, tax ID)
- Ownership percentage
- Contact details
Funding requirement
- Requested amount
- Purpose of funds (e.g., payroll, expansion, inventory)
How to apply for an iCapital Funding business loan
The application process is designed for speed:
- Apply online: Fill out a brief form; it takes about two minutes and doesn’t affect your credit score.
- Get a fast decision: Approvals can arrive within hours, not days.
- Review your custom offer: A Funding Specialist explains your options and ensures the terms fit your needs.
- Receive funds: Once accepted, money is deposited directly into your account, often within 24 hours.
Is the application process different from other lenders?
Yes. iCapital’s hybrid approach, combining technology with live human advisors, sets it apart from purely automated fintechs. It’s still fast but adds a layer of personal communication that some borrowers prefer.
How to improve your chances of getting funded
- Keep bank statements current and avoid negative balances
- Be clear about how you’ll use the funds
- Apply for amounts aligned with your monthly revenue
- Respond quickly to follow-up requests
Pros & cons of an iCapital Funding business loan
Every funding option has trade-offs, speed and flexibility on one side, cost and transparency on the other. iCapital Funding is no exception. Its streamlined approach makes access to working capital remarkably fast, but the lack of public details around pricing and terms can leave business owners with questions before they apply.
Below is a balanced look at where iCapital Funding stands out, and where it may fall short, depending on your business’s needs and risk tolerance.
Pros
- Fast funding, often within 24 hours
- No real-estate collateral required
- Minimal documentation
- Dedicated Funding Specialists for personalized support
- Serves a wide range of industries
Cons
- No published rates or eligibility thresholds
- Limited transparency on fees and terms
- No SBA or government-backed programs
- Details on repayment structure not available online
Alternative funding options for different lenders
If transparency or longer repayment terms are priorities, it’s worth comparing iCapital Funding with other lenders offering fixed-term business loans or credit lines. Some fintechs and banks provide public rate tables or SBA-backed financing for borrowers seeking more predictable costs.
Platforms like Swoop Funding make that comparison easy. One application shows multiple options side by side, helping you understand cost, term, and structure before you commit.
Why use a finance broker?
The right funding can help your business grow; the wrong fit can strain cash flow. A finance broker helps you:
- Compare lenders across products and terms
- Understand total cost and repayment structure
- Avoid mismatched funding products
- Access expert support before you sign anything
Get started with Swoop’s business funding platform
Exploring your options shouldn’t take weeks or a dozen applications. With Swoop Funding, you can check your eligibility with iCapital Funding and other lenders through one quick, secure form, then choose what best supports your business goals.
Apply for funding with Swoop today and take the next step toward the capital your business needs to move forward.
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