Big Think Capital helps you find the right loan for your small business.
Big Think Capital Review: Find the Right Loan to Grow Your Small Business
Big Think Capital is a financial services marketplace that helps small businesses find loans to help them grow. The company has been in business since 2017 and has helped over 10,000 businesses get the funding they need.
Big Think Capital is dedicated to helping you find the capital you need with the best possible terms for your small business.
When you submit an application, it gathers offers from its network of lenders so you can pick the loan that’s right for you.
Plus, its team will guide you through the whole loan process, from application to loan disbursement. You can use the service to access a wide range of loans, so you’re likely to find the right finance solution for your business.
Big Think Capital provides business borrowers a straightforward and transparent funding platform, informational resources to fully understand options, and working the highest standards of business ethics. - Big Think Capital Official Website
- Category: Small Business Loans
- Type of Loan: Long Term
- Time to Receive Funding: 24 hours
Big Think Capital Loan – How It Works?
We Provide A Financial Services Marketplace Dedicated To Small Business Owners.
Big Think Capital
Big Think Capital offers a variety of loan products, including term loans, SBA loans, lines of credit, commercial real estate loans, and equipment financing. The company also has a team of experienced loan officers who can help you find the right loan for your business.
One thing that sets Big Think Capital apart from other lenders is its commitment to customer service. The company has a 5-star rating on Trustpilot and has been praised for its quick and easy application process, as well as its responsive customer support.
Overall, Big Think Capital is a reputable lender that can provide small businesses the funding they need to grow. The company has a good track record, a strong customer service reputation, and a variety of loan products to choose from.
Pros & Cons of Big Think Capital Loan
Pros
- Wide variety of loan products
- Experienced loan officers
- 5-star customer service rating
- Quick and easy application process
- Competitive interest rates
- Get funds in as little as 24 hours
Cons
- Requires at least 1 year in business
- Some loans may require collateral
- APRs can be high for borrowers with poor credit
» RELATED: Get Business Loans as Fast as 72 Hours
Why Big Think Capital Loan Is Good for Your Business?
Big Think Capital is a good option for small businesses that are looking for a loan. It offers several financial products for business owners who need working capital.
Small business term loans can provide the lump sum capital you need to stay afloat or expand operations, but business loans can be difficult to qualify for.
Big Think Capital has more generous requirements than many lenders, making business loans more accessible. The company has a good track record, a strong customer service reputation, and a variety of loan products to choose from.
However, some loans may require collateral and APRs can be high for borrowers with poor credit.
Big Think Capital Requirements
Here are some additional things to consider before applying for a Big Think Capital loan:
- Your Credit Score: Big Think Capital will consider your credit score when determining your eligibility for a loan. If you have a poor credit score, you may be able to get a loan, but you may have to pay a higher interest rate.
- The Amount of Money You Need: Big Think Capital offers loans of up to $500,000. However, the amount of money you can borrow will depend on your credit score, your business’s financial health, and the purpose of the loan.
- The Length of the Loan: Big Think Capital offers loans with terms of up to 6 years. The length of the loan will affect the monthly payments you have to make.
If you’re considering applying for a loan with Big Think Capital, I recommend comparing rates with other lenders before making a decision. You can use a loan calculator to estimate your monthly payments and the total cost of the loan.
Benefits of Getting a Small Business Loan with Big Think Capital
Big Think Capital provides several advantages over other lenders in the small business space:
- Higher Loan Amounts: You can Borrow up to $1 million for a business term loan.
- Low Credit Score Requirements: You only need a 620 credit score to qualify for a business term loan.
- Faster Funding: Secure financing in as little as 24 hours.
- Low-interest rates: Secure a rate as low as 7%.
- Long Repayment Schedule: You have up to five years to repay the loan amount.
- Set Monthly Payments: Fixed interest rates keep the payments the same, giving borrowers a predictable budget.
- Excellent Customer Support: Big Think Capital has a reliable staff of representatives who can help you get business financing and answer your questions.
Big Think Capital Loan Features – Loan Options
You can access various loans through Big Think Capital’s financial services marketplace. Which loan is right for your business will depend on the amount you need, the characteristics of your business, and the terms you prefer.
- Line of Credit – Loan amount $10k – 1M
A flexible credit line that can be used for only purposes up to the maximum loan balance. This can be used for any purpose. - Term Loans – Loan amount $25k – $1M
A flexible loan is usually a long-term loan that is paid back with regular payments over time, including interest. - Equipment Financing – Loan amount up to 100% of Value
This is specifically for purchasing equipment. The equipment acts as collateral for the loan (so if you can’t repay, you’ll need to give up the purchased equipment). - Invoice Financing – Loan amount 50-90% Value
Allows you to access quick cash if you have unpaid invoices. - Merchant Cash Advance (MCA) – Loan amount $2,500 – 250k
Unlike a traditional loan, you can repay a percentage of each sale. This can be a slower way to repay but may be more manageable than normal loan repayments. - SBA Loans – Loan amount $5,000 – 5.5 M
SBA loans are long-term, low-interest loans and partially guaranteed by the government. They can be used to purchase fixed assets such as real estate, equipment, or machinery. - Short-Term Loans – Loan amount $2,500 – 250K
A smaller loan from a credit union or smaller institution with a shorter repayment term but usually less strict requirements. Usually must be repaid within 2 years or less. - Small Business Startup Loan – Loan amount Up to $150k
Loans suitable for small startups, including business credit cards and equipment financing.
Repayment Terms – Big Think Capital Rates
Big Think Capital offers a range of business loans. Each loan has different repayment terms and interest rates. Let’s take a closer look at each:
| Loan Type | Term | Interest Rate |
| Business Line of Credit | 6 months to 5 years | 7-25% |
| Equipment financing | The estimated life of the equipment | 8-20% |
| Invoice financing | Until invoices are paid | 1.5-3.5% |
| Merchant cash advance | Until the advance is repaid | As low as 1.15% |
| Short term loan | 3-18 months | 14% + |
| Small business startup loan | 6 months to 4 years | 7.9-19.9% |
| Term loan | 1-5 years | 7-30% |
| SBA loans 7(a) loan guarantee CDC-504 fixed asset SBA CAPlines SBA export loans MicroLoan program Disaster loans | 5-25 years 10-20 years Up to 5 years Up to 25 years Up to 6 years 3-30 years | 6-13% 3-6.5% 5.75-8.25% 8-10% 8-13% 4-8% |
Note: Your personal repayment plan might differ from other companies as various influencing factors are taken into consideration for this rate such as applicants’ cash flow, payment history, and financial strength.
Who Is Big Think Capital Best For?
If you’re a small business owner in need of quick funding, Big Think Capital is a great option.
They offer competitive rates for businesses with good credit and flexible options for those with less-than-perfect credit. Their business-term loan requires a credit score of only 620, which is lower than many other lenders.
If your credit score is below 620, Big Think Capital still has other financial products that can help you get the money you need.
How To Apply for a Small Business Loan Online with Big Think Capital?
You can apply through the website by answering a few questions like the loan amount you’re seeking, your business’ turnover, and your credit score.
If your answers suggest you’re likely to be eligible for offers, a funding manager will walk you through the rest of the full application.
Big Think Capital will assess your application and forward it to lenders from its network. It will then put together the resulting bids in a way you can easily understand, so you can pick the offer that’s right for you. You can select your lender and Big Think Capital will help you through the rest of the process until you get your funds.
Get the Capital Your Business Needs
Every big/small company needs capital to reach new customers, expand, and maintain operations. A small business loan from Big Think Capital can provide the necessary means to accelerate your company’s growth.
You can visit Big Think Capital’s Official Website and fill out their quick online application to discover the best financing options for your business.
The Bottom Line: Small Business Loan Big Think Capital
Big Think Capital makes the process of getting a business loan quicker and easier by taking your application to a network of lenders so you can pick the loan that’s right for you.
Plus, the team will guide you through the whole loan process. If you’re a small business owner who’s busy and lacks the time to research and apply to lots of individual lenders, this could be a great solution.
» Go To the Official Site
FAQs – First-Time Business Loans with Big Think Capital Loan
Is Big Think Capital Legit?
Yes, Big Think Capital is 100% Legit. Big Think Capital has achieved many accreditations including 5* ratings on Trustpilot, an A+ rating on BBB Accredited, Small Business Finance Association, and Top 3 Business Loans for customer satisfaction.
How Much Can You Borrow?
$10,000 to $ 1 Million.
It will depend on your business’s circumstances. Big Think Capital generally offers loans from $10K to $ 1M.
What credit score do you need for working capital?
500 to 600
It depends on the type of loan, working capital loans may be easier to qualify for than standard term loans. They may require only a year in business and a personal FICO score of 500 to 600.
Is Big Think Capital a direct lender?
Big Think Capital is a direct lender and financial service marketplace specializing in helping businesses find the capital they need with the best possible terms.
Can I still apply with bad credit?
Yes, you can still apply with bad credit.
People with different credit scores can apply. Big Think Capital will work with you to find a lending option that suits your needs regardless of your credit history.
What kind of information do you need to provide on the application?
For better lending options, Big Think Capital requires basic personal information related to your finances, including your name, your business name, your address, and some simple financial information.
Will it impact my credit score after filling out a Big Think Capital Loan Application?
Unlike when you apply for a new credit card or a loan, filling out a Big Think Capital application will not result in a hard inquiry on your credit, so go ahead and get started on your application worry-free.
How soon can I receive funding?
You can receive funding as soon as 24 hours after applying.
How Safe Is It?
Big Think Capital uses government-compliant controls to protect your data, both physically and electronically. Employees are also trained to protect customer information.
Who owns Big Think Capital?
Founded by David Brown in 2017
Is SBG funding legit?
SBG Funding is an alternative lender serving small business owners for years and allowing them to bypass traditional banks.
If I have bad credit, can I still apply?
Yes, people with different credit scores can apply. Big Think Capital will work with you to find a lending option that suits your needs regardless of your credit history.
