Ucapital Business Loans Review
According to Ucapital's website:
Most businesses need some cash in order for them to run smoothly and to grow. It is important for business owners to get cash and inject it into their businesses so that they can unleash the full potential of the business they own.
However, the issues are where to get the money. Most financial institutions such as banks have strict terms when it comes to lending to business owners. This is what makes business owners refrain from getting loans from banks.
Ucapital is a financial institution that makes it possible for businesses to get unsecured loans. Their services extend to all industries such as hospitality, agriculture, retail, healthcare, professional services and others.
Loan Application Process at Ucapital
The process is easy, what you need to do is:
- Apply online
- Send the necessary documents
- Wait for the assessment
- Sign the agreement
- Receive your loan
Features of Ucapital Loans
Their short-term loans are for 6 to 9 months. Their loans don't require security and so it's very accessible to most business owners. When you pay your loan before the due day, you are given a discount for that.
The requirements for securing a loan with Ucapital are:
- Your business should be more than 12 month old.
- You should have more than $5,000 in a month.
- You should have a regular cash flow such as daily, weekly or monthly.
Fewer documents are needed for loans of $5,000 and $50,000, you will be required to provide 3 months bank statement. For loans ranging from $50,000 to $250,000, you will need to provide a bank statement for the last 6 months.
The amount of money you can borrow depends on the health of your business. When your loan is approved you will get your money in less than 24hours.
The fees and the interest rate depends on the health and the cash flow of your business. Once you submit your details they will be able to determine how much you can borrow and how much you're going to pay back in terms of interest including fees.
We do not offer loans from Ucapital. However, you can apply for business loans with other lenders from our panel.
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Apply for business loans from our lender panel. We do not offer loans from Ucapital.