Pearl Capital Reviews

If you’ve exhausted all other options and are having a hard time getting approved for a business loan due to bad credit, no credit or being in a restricted industry, then Pearl Capital may be worth checking out. The lender stands out for its ability to provide rapid financing for businesses often overlooked by traditional financial institutions.

But Pearl Capital’s lack of transparency regarding fees and interest rates is a concern; make sure you are aware of these amounts before borrowing.

Pearl Capital provides short-term, unsecured capital advances called “ACH loans.” These loans offer the convenience of automatic repayments through business bank accounts. They cater to businesses with at least three months of operational history and are designed to serve a myriad of purposes, from working capital to growth initiatives.

Pearl Capital offers its financing through merchant cash advances (MCAs). Its programs are designed for independent sales organizations (ISOs) that want to fund businesses that need MCAs. It offers a syndication program for additional revenue opportunities and a white-label solution to enable ISOs to create and deliver MCA funding directly to their customers.

MCAs aren’t traditional loans. Rather, they’re a form of business financing where you receive a lump sum in exchange for a percentage of future sales.

• Loan amount: Up to $1 million
• Terms: Up to 12 months
• Usage: No restricted uses

Pearl Capital doesn’t disclose its rates online, since you technically apply through an ISO rather than the company itself. You can expect Pearl Capital to charge higher rates and more fees than traditional lenders since it caters to those who often don’t qualify for business loans.

Pearl Capital doesn’t publicly list its fees online, as those may also depend on which ISO you work with. Watch out for potential origination or prepayment penalties.

Applying for a Pearl Capital loan isn’t a straightforward process. You can send your contact information and a message through Pearl Capital’s website, or you can call 800-888-9959 to speak with a sales representative.

After you submit your application, an ISO or sales rep will reach out to discuss your options and explain how the full application process works. Generally, you need to be in business for at least three months to qualify. There isn’t a credit score requirement.

Pearl Capital is one of the only business loan lenders that welcomes any credit score across nearly any industry. Some other lenders, like Fora Financial and Fundbox, have lower-than-average credit score requirements, but you may still find them stricter than Pearl Capital.

Here’s how these three compare in terms of loan limits and eligibility requirements:

Pearl Capital has been operating since 2010 and says it has helped over 23,000 businesses get access to funding. It’s backed by Capital Z Partners, a global private equity fund that’s been in the industry since 1990. To date, Pearl Capital hasn’t experienced any significant legal actions or scandals.