PEAC Solutions Business Loan Review (formerly Marlin Capital)
 | Starting APR range: Not disclosed Best for: Local and international companies needing small loan amounts with quick turnaround times. |
Pros and cons of PEAC Solutions
| Pros | Cons |
|---|---|
Quick funding times Lender has strong worldwide presence Deferred payment plans available Can apply for additional funds once you’ve repaid 50% of your debt | Lack of information regarding interest rates and fees Doesn’t list minimum credit score and annual revenue requirements Relatively low loan amounts compared to some competitors |
PEAC Solutions small business loans review
PEAC Solutions is an independent lender offering small business financing to companies of all sizes across the globe. Previously known as Marlin Capital Solutions, the company was recently acquired by PEAC (Pan-European Americas Capital) Solutions, which has a solid track record of connecting businesses with reputable leasing experts since 1997.
If your company needs funds quickly, PEAC Solutions can process and fund working capital loans up to $500,000 within a few business days, which is significantly faster than some traditional bank’s estimated turnaround time of two weeks. Unlike some competing lenders, PEAC has minimal restrictions on how to spend the funds, making it a great choice for tackling a range of business expenses or refinancing debt.
PEAC Solutions also offers equipment financing, allowing you to finance with no money down. If your business budget is tight, you can even delay starting payments for 30 to 90 days.
Who is PEAC Solutions for?
- Businesses with an international presence. PEAC Solutions currently operates in 11 countries, making it a great resource for both international and U.S.-based businesses.
- Companies needing fast funding. With a quick online application, your equipment loan could be processed and funded as soon as 24 hours, or two to three days for working capital loans.
- Business owners wanting a flexible payment plan. If you need more wiggle room in your budget, PEAC Solutions offers terms from 12 to 63 months, with the option to delay starting payments for up to 90 days.
PEAC Solutions small business financing at a glance
| Product | Loan amounts | Repayment term | Estimated interest range | Fees |
|---|---|---|---|---|
| Working capital loan | Up to $500,000 | Up to 24 months | Not disclosed | Not disclosed |
| Equipment financing | Not disclosed | 12 to 63 months | Not disclosed | Not disclosed |
Working capital loans
PEAC Solutions offers working capital loans up to $500,000 with terms under 24 months to cover a range of expenses like expansions, inventory, marketing and technology services. You can also use the funds for debt consolidation or to refinance existing business loans.
A working capital loan from PEAC Solutions is a good option for those needing a fast business loan to cover short-term, low-cost or emergency expenses. The online application takes five minutes or less to complete, with funds hitting your bank account in as soon as two to three business days, though it can take longer in some cases.
Equipment financing
If you need to purchase or upgrade new equipment for your business, PEAC Solutions offers equipment financing, though the maximum amount they offer isn’t clear. Since the equipment acts as collateral to secure the debt, you don’t need to provide a down payment.
With PEAC Solutions, you get flexible payment plans that range from 0 to 24 months, with the option to delay payments for 30, 60 or 90 days, which isn’t commonly seen with small business loans.
PEAC Solutions also partners with other businesses to offer quick and affordable equipment loans. For example, you can borrow between $1,000 and $100,000 to use for Premier Equestrian purchases with no money down.
PEAC Solutions borrower requirements
| Minimum annual revenue | Not disclosed |
|---|---|
| Minimum time in business | Working capital loan: 24 months |
| Minimum credit score | Not disclosed |
While PEAC Solutions states it provides startup financing, your business must operate for at least six months to qualify for equipment financing, or at least 24 months for working capital loans. Your company also needs to be based in the U.S., UK, Germany, France, Poland, Hungary, Italy, Czech, Austria, Sweden or Spain.
Unfortunately PEAC Solutionss doesn’t list all of its business loan requirements in advance, such as its credit score or annual revenue requirements. Its website recommends having a good business credit report and an “acceptable” personal credit score, which is generally 670 or higher.
If you’re unsure what your credit score is, you can monitor and boost your score for free with LendingTree Spring before applying to know where you stand.
Required documents
If you’re ready to apply for small business financing with PEAC Solutions, gathering the following essential documents in advance can help speed things along:
- The business owner’s Social Security number
- The business’s name and employer identification number (EIN)
- Recent bank statements
- General business information
- Recent financials
Alternatives to PEAC Solutions
| PEAC Solutions | Funding Circle | National Funding | |
|---|---|---|---|
| Minimum credit score | Not disclosed |
| 600 |
| Loan products offered |
|
|
|
| Time to funding |
|
| As soon as 24 hours |
| Starting interest rates | Not disclosed |
| Factor rates from 1.11 for term loans |
| Maximum loan size |
| $500,000 | $500,000 |
| Minimum annual revenue | Not disclosed |
| $250,000 |
PEAC Solutions vs. Funding Circle
Funding Circle is another international business lender offering quick loans for companies around the world. Currently, Funding Circle’s business term loans are available in the U.S., UK, Germany and Netherlands. In addition, U.S.-based companies can apply for business lines of credit or SBA 7(a) loans, making this lender ideal for those wanting a range of financing solutions.
With both lenders, you can access up to $500,000 within a few business days — except for Funding Circle’s SBA loans, which can take up to two months to process. The main advantage of Funding Circle is that you can see its credit score, annual revenue and estimated interest ranges in advance. This helps to make a more informed decision when comparing different types of business loans.
PEAC Solutions vs. National Funding
National Funding is another alternative lender that provides fast equipment financing and term loans with flexible repayment terms. Both lenders offer up to $500,000 with no down payment or collateral required. With National Funding, you can also take advantage of its Guaranteed Lowest Payment with equipment leasing, helping you beat leading competitors’ prices.
However, unlike PEAC Solutions, National Funding only provides financing to U.S.-based companies.
If you need a bad-credit business loan, National Funding could help. It accepts credit scores as low as 600 and only requires a six-month business history. That said, your company must generate at least $250,000 in annual revenue, which is quite steep for startups.