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About Currency
Currency is the global leader in online business financing. With over a decade of experience in large equipment lending, Currency has now expanded its product line to supply any type of business with the funding they need to grow.
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I was directed to Currency Capital by my equipment dealer, The loan went through and during the conversation with the sales rep. I specifically asked the question if there were any prepayment penalties as I was planning on paying off the machine sooner than the term. My sales rep. said "no problem, you can pay it off early". So I went with the loan. I have been paying the loan for a little over 2 yrs of the 5 yr note and went to pay it off and found out that whether I paid on the machine 1 month or the whole 60 months of the term. I would have to pay the same amount.
So my complaint is with the salesperson, who should have disclosed this information to me when I asked about paying it off early. He didn't lie outright, there is no problem paying the loan off early. He should have had the ethics to say, " you will still be paying the same amount though". I am sure this was disclosed in the fine print of the multiple page loan docs, and when you have the loan docs sent via email by DocUsign, you click on the signature icon and it fast scrolls through multiple pages to the next signature line and then repeats to the next signature line and so forth. The salespeople should have to disclose these type of loans verbally. Had I known the type of loan that was being presented to me, I would not have accepted the loan. Maybe I'm just old school honest but I am not satisfied with their disclosure practices. I am getting ready to purchase around $175,000.00 worth of equipment and guess what, I will not be using Currency Capital.
When I went get my equipment, Currency Capital told me that I can get credit for business equipment with them. The process was pretty good. I got the loan in three hours. They like to work with you. When you have a problem, you call them and they're pretty good to work with. Right now, I'm hardly working and they gave me extended time to pay. Everything was good with them.
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Taking out the loan from Currency Capital makes it a lot easier to help customers. My business performance would be more difficult without it. It was perfect dealing with their team members, and their professionalism and knowledge of product were both very good.
Currency Capital loaned me the money, which was why I went with them. The application process was easy. I just applied online and then they did the rest of it. However, I don’t know how I got turned down when I was looking for another loan. Other than that, they are good.
When I applied on Ohio Truck's website, going with Currency Capital was the direction that they pushed me in. I got an equipment loan from them, which gave me my own truck so I could start my own business. The loan gave me the possibility to start my own business, which is not a possibility that I had without Currency Capital.
I needed capital to purchase equipment and got an equipment loan from Currency Capital. Without it, I wouldn’t be able to do my work. The reps were very good and professional.
I was trying to get some financing. I was starting a new business, but that didn’t go through. I received a phone call and Currency Capital said that, “Yeah, we’d like to help you out,” but unfortunately being a startup, they wouldn’t be able to assist me at this time. At a later date once I was established, then they could. My company is an LLC and I guess there’s no credit history or something. I was a startup, so I ended up paying out of my pocket for everything. But other than that, I’d recommend Currency Capital. They were good and courteous.
I got an equipment loan for small business from Currency Capital and the application process was easy. Everything was fluid. I got approved, so everything is good.
The personal loan I got from Currency Capital helped a whole lot. It put me in a better position and allowed me to make better moves towards the business. Without the loan, I'd be struggling to get certain things in a position I was trying to get put in. It will take a lot longer.
I've signed up for a loan online for a trailer. It is going to help because I have to haul race cars all over the place. I would be out of business if I didn’t have the trailer.
Currency author review by Barbara Friedberg
Currency Capital was founded in 2009 to save faltering businesses in the wake of the economic crisis. The company’s goal is to give business owners a range of financial options and to promote the health of the small business community. Currency Capital is a member of the National Equipment Finance Association (NEFA).
Products: Premier Platinum Card Program for pre-qualified customers for easy access to capital. Loans for a variety of business needs; equipment leasing, working capital, small business loans and equipment financing. Flexible loans tailored to the client’s needs.
Interest rates: Competitive rates based on term and equipment cost.
Service: Currency Capital relationship managers meet strict hiring requirements and are able to offer borrowers creative and effective financing solutions.
Borrower qualifications: Credit score is not the only factor considered when granting a loan. Borrowers are considered on a case-by-case basis, and Currency Capital reviews many factors when making a loan.
Fast approval process: After completing a quick application, borrowers may receive funding in as short as one day.
Large loan limits: Currency Capital funds loans up to $1,000,000 for businesses of all sizes.
Barbara Friedberg, MBA, MS is a former investment portfolio manager with decades of financial experience. Friedberg taught Finance and Investments at several universities. Her work has been featured in U.S. News & World Report, Investopedia, Yahoo!Finance and many more publications.
Currency Company Information
- Company Name:
- Currency
- Address:
- 12100 Wilshire Blvd
- State/Province:
- CA
- Postal Code:
- 90025
- Country:
- United States
- Website:
- www.currencypay.com
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