Taycor Financial business loan review: Rates & more

With nearly three decades of experience in commercial lending, Taycor Financial is a U.S.-based lender offering a diverse range of business loans to companies of all sizes, from early-stage startups to well-established enterprises. Known for its fast funding turnaround, broad product catalog, and flexible borrower requirements, Taycor has become a go-to option for small businesses that want speed without sacrificing choice.

Swoop will walk you through Taycor’s loan offerings, eligibility criteria, rates, repayment terms, application process, and how it compares with other lenders. Whether you’re looking for equipment financing, working capital, or SBA-backed loans, this guide will help you determine whether Taycor is right for your business, or if there’s a better option available through our platform at Swoop.

An overview of Taycor Financial business loans

Taycor Financial structures its lending solutions around the evolving needs of small and mid-sized businesses across the U.S. Whether you’re looking to invest in equipment, manage cash flow, or fund a major expansion, Taycor offers financing options to suit a variety of use cases.

Let’s take a closer look at the core types of business loans Taycor provides.

Unsecured business loans

If you’re seeking funding without tying up assets, Taycor offers a few unsecured loan options, including merchant cash advances and lines of credit. These products are designed to provide fast access to capital with minimal documentation and no collateral required.

Cash advances range from $5,000 to $3,000,000
Factor rates start at 1.15 and go up to 1.45
No minimum credit score required for MCAs
Ideal for businesses with steady card revenue or who need short-term working capital

Taycor’s unsecured loans are appealing for businesses with limited assets or lower credit scores. However, daily or weekly repayment terms and higher effective costs (due to factor rates) can make these loans more expensive over time.

Secured business loans

For borrowers who can offer collateral or a personal guarantee, Taycor’s secured term loans and equipment financing provide access to larger amounts, longer terms, and potentially lower costs.

Loan amounts from $5,000 to $5 million
Terms range from 4 to 60 months for term loans
Equipment loans available up to $2 million
Equipment leases with fair market value or $1 buyout options

These products are best suited to established businesses looking to purchase tangible assets or refinance existing debt. Taycor also offers equipment refinancing and sale leasebacks, giving businesses additional flexibility when managing capital assets.

SBA loans and government-backed options

Taycor also participates in SBA lending, offering both SBA 7(a) and SBA Express loans, ideal for businesses seeking lower interest rates and longer repayment periods.

Loan sizes: $5,000 to $5 million (7a); up to $350,000 (Express)
Terms: 84 to 300 months
Rates: 9.00% to 13.25% APR
Funding timeline: 1 to 6 months, depending on the product

SBA loans through Taycor require a minimum credit score of 670 and more extensive documentation, making them a better fit for creditworthy borrowers with stable financial histories. While slower to fund, they offer some of the most affordable rates available.

Additional funding products

Beyond standard loans, Taycor offers a range of niche financing solutions tailored to specific business needs:

Accounts receivable factoring ($5,000 to $5M)
Bridge loans for short-term opportunities
Sale leasebacks up to $1.5M with 90-day payment deferral
Technology and software financing
Construction, furniture, and vehicle financing

These alternative funding tools can be useful for companies with unique asset profiles, seasonal revenue, or fast-changing capital needs.

What is Taycor Financial's typical interest rate

Taycor’s pricing varies depending on the product, your credit profile, and loan size, and while many lenders advertise APRs, Taycor often uses factor rates, which can be harder to compare directly. Understanding how these rates work can help when evaluating the total cost of borrowing.

Term loans: 1.10 – 1.36 factor rate
Lines of credit: 1.01 – 1.30 factor rate
Cash advances: 1.15 – 1.45 factor rate
Equipment loans: 4.99% – 28.00% APR
Equipment leases: 5.99% – 28.00% APR
SBA loans: 9.00% – 13.25% APR

Factor rates result in a fixed repayment total regardless of how early the loan is repaid. For example, borrowing $100,000 at a 1.25 factor rate means you repay $125,000, even if you pay it off faster. Traditional APRs, used in Taycor’s SBA and equipment loans, offer better transparency and flexibility for early repayment.

How much can I borrow with a Taycor Financial business loan?

Whether you need a small top-up or a multi-million dollar expansion loan, Taycor’s wide lending range is designed to accommodate businesses at different growth stages. Here’s what’s available:

Minimum amount: $500 (equipment financing)
Maximum amount: $5,000,000 (SBA and receivables factoring)

Here’s a breakdown by product:

Product	Loan Amounts
Term loans	$5,000 – $1,000,000
Lines of credit	$10,000 – $1,000,000
Equipment financing	$500 – $2,000,000
Equipment lease	$5,000 – $2,000,000
Equipment sale leaseback	$100,000 – $1,500,000
Cash advance	$5,000 – $3,000,000
Accounts receivable factoring	$5,000 – $5,000,000
SBA loans	$5,000 – $5,000,000

Loan size will ultimately depend on your credit, revenue, time in business, and the type of product you’re applying for.

What is the acceptance rate for a Taycor Financial business loan?

Taycor does not disclose an official approval rate, but its flexible underwriting and product variety suggest higher-than-average acceptance, especially for newer businesses or those with lower credit scores.

Key reasons you’re more likely to be approved with Taycor include:

Low credit score requirements (as low as 500 for some loans)
Minimal time-in-business thresholds (from 3 months)
Options that don’t require collateral, such as cash advances
Soft credit pull for pre-qualification

While not all businesses will qualify for every product, Taycor’s flexibility makes it a strong choice for applicants who may not meet traditional bank standards.

Eligibility criteria and whether you qualify

Taycor’s eligibility criteria vary depending on the loan product, but in general, they are among the more accessible lenders in the market. Below is a summary of what’s required across their offerings:

Loan Type	Min. Time in Business	Min. Revenue	Min. Credit Score
Equipment Financing	None	None	550
Term Loans	3 months	$96,000	500
Lines of Credit	6 months	$50,004	560
Cash Advances	3 months	$48,000	None
Accounts Receivable Factoring	4 months	N/A	530
Equipment Refinancing	36 months	N/A	550
Equipment Sale Leasebacks	12 months	N/A	550
SBA loans	Varies	Varies	670

All applicants must operate legally in the U.S. and have verifiable business revenue.

Additional information:

Understanding the fine print can help you avoid hidden costs or unnecessary delays. Here’s what else to know about Taycor’s loan structure and servicing:

Early repayment fees

Taycor does not charge prepayment penalties on most loans. However, loans with factor rates (e.g., cash advances, term loans) do not offer savings for paying early, since repayment totals are fixed at origination. If you want flexibility, choose products priced with APRs.

How long does it take to get approved?

Taycor’s application review can take as little as a few hours, depending on the product and complexity. For most non-SBA loans, approval is often received within 24 hours.

Estimated time to receive funds

After approval, many products are funded within 1 business day. SBA loans take longer, usually 1 to 6 months, depending on documentation and lender backlog.

Can a loan be repaid early?

Yes, Taycor allows early repayment. However, for loans using factor rates, early repayment will not reduce your total cost. For products priced with APRs (like SBA or equipment loans), you may benefit from interest savings when repaid ahead of schedule.

Is security required?

Some Taycor products are unsecured, but others require:

A personal guarantee (common across most loan types)
Business assets as collateral (for larger or secured loans)
For equipment financing, the asset being purchased often serves as the collateral

If you want to avoid collateral, look into their business line of credit or MCA products.

What documentation is required

Taycor aims to reduce paperwork, especially for smaller loans. That said, documentation needs can vary by loan type and amount.

Business information

Business name and legal structure
Employer Identification Number (EIN)
Business bank statements (typically last 3 months)
Business license, if applicable

Business owner information

Government-issued ID
Social Security Number (for soft credit pull)
Ownership details (especially for 20%+ stakeholders)

Funding requirement

Loan amount and use case
Quotes or invoices (for equipment financing)
Aging report (for receivables factoring)
Optional: Tax returns or P&L statements (for larger loans or SBA products)

For amounts under $400,000, Taycor does not require tax returns.

How to apply for a Taycor Financial business loan

Taycor’s application process is built around speed and accessibility. Most businesses can apply online in under 10 minutes, and decisions are often returned the same day.

Is the application process different to other lenders?

Yes, Taycor simplifies the early stages:

Soft credit pull: Won’t affect your score
No tax returns required under $400K
E-signature and eDocs: No need to print or scan
Same-day funding possible for select products

However, for SBA loans or high-dollar secured financing, the process becomes more traditional, with hard credit checks, financial statements, and more detailed underwriting.

How to improve your chances of getting funded

To increase your likelihood of approval (and secure better terms):

Maintain a credit score of 550+
Prepare your business bank statements
Clearly define how you’ll use the funds
Apply through a broker like Swoop to get matched with the right product instantly

Pros & cons of a Taycor Financial business loan

Every lender has its strengths and drawbacks. Taycor is no exception.

Pros

Works with startups and low-credit borrowers
Fast application and funding (often < 24 hours)
Flexible repayment schedules (monthly, quarterly, seasonal)
Wide product range: from $500 up to $5 million
No tax returns needed for loans under $400K

Cons

Factor rates can lead to higher borrowing costs
Origination and documentation fees (up to 5%)
Limited self-service tools, no borrower portal
Less transparency upfront, many rates only shared during application

Alternative funding options for different lenders

Taycor isn’t the only option for business financing, and depending on your credit, industry, or loan size, another lender may be a better fit.

Lender	Best for	Notable Terms
Triton Capital	Fast decisions and short-term funding	Min. $10K loans, 600+ credit
SMB Compass	High-revenue businesses	Term loans up to $10M, stricter eligibility
Bank of America	Traditional bank features	Lower APRs, but requires 700+ credit
Capital One	SBA 504 and real estate loans	Limited transparency, 2+ years in business required

Platforms like Swoop can help you instantly compare lenders, rates, and eligibility, all in one place.

Why use a finance broker?

Choosing the right business loan can be time-consuming and confusing. A finance broker simplifies the process by:

Matching your profile with pre-vetted lenders
Highlighting loans you’re likely to qualify for
Offering side-by-side rate and fee comparisons
Saving you from submitting multiple applications

You’ll also get access to funding specialists who can guide you on structuring your loan and improving your approval odds.

Get started with Swoop’s business funding platform

Taycor Financial offers a flexible range of business loans, especially for startups, equipment-heavy industries, and businesses with less-than-perfect credit. But like any lender, it won’t be the right fit for every business.

That’s where Swoop can help.

Instead of applying to one lender at a time, Swoop lets you compare multiple funding options in one place, including Taycor and many others. You’ll get a clear view of what you’re eligible for, how rates compare, and which type of financing aligns best with your goals.

One application gives you access to a panel of lenders
No impact on your credit score to check eligibility
See real offers for SBA, equipment, term loans, and more

If you’re ready to explore what’s out there and find the best loan for your business, apply with Swoop today. Checking your funding options only takes a few minutes.

Taycor Financial business loan review: Interest rates, eligibility, and the application process