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How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

Seek Capital Business Loan Review

Updated on:
Content was accurate at the time of publication.

  Starting APR: Varies based on the loan product and your matched lender.

  Best for: Startups and well-established businesses wanting a dedicated agent to guide them through the funding process.


  High approval rates

  No collateral required

  No minimum annual revenue or business history requirements

  Some customers have had concerns about Seek Capital’s lending practices

  Doesn’t disclose list of partner lenders, rates or terms until you submit an official application

  Confusing website that misrepresents available products

  Approval and funding times can take longer than other online lenders

  Some customers complain about having to pay a hefty cancellation fee

Seek Capital is a marketplace service that matches business owners with partner lenders based on the company’s needs. While using a marketplace service can often save time by only filling out one application to compare multiple offers at once, Seek Capital has a significant amount of negative consumer reviews on Better Business Bureau (BBB). Because of this, it’s worth proceeding with caution.

Seek doesn’t list its partner lenders in advance, making it difficult to estimate business loan interest rates and fees for available small business products. Furthermore, some consumers complain about applying for a small business loan and receiving a credit card instead. However, once you apply, Seek Capital will disclose your matched lender and rates so you make a more informed decision before moving forward.

Who is Seek Capital for?

  • Business owners who want extra support with the financing process. After your initial application is approved, an agent from Seek Business Capital can help match you with a partner lender who best fits your short- and long-term needs.
  • Borrowers needing large amounts. Seek Capital claims it offers funding up to $500,000, although the offered amount will depend on your criteria and the matched partner’s offerings.
  • Startups wanting to save time. Seek Capital can help entrepreneurs save time by streamlining the funding process for startups, but unless you do the rate-shopping yourself, it’s possible you might end up paying more with Seek’s services.

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Financing options from third party lenders

Seek Capital can help match you with a partner lender providing options like business lines of credit up to $500,000 to cover various business and startup expenses, such as equipment, inventory, website design, payroll services and more. Note that Seek charges a fee of 5% to 10% to help match you with a lender.

However, Seek Capital doesn’t have access to or any control over your loan’s rates and terms since this is determined by the partner lender. If problems arise, you must contact your lender directly. In addition, some consumers have complained that Seek issued them credit cards when they were initially told they would receive a small business loan.

If you feel nervous about Seek’s business practices, you can apply with a lender that offers its own business line of credit, such as Bluevine or Wells Fargo.

Business credit cards

Seek Capital matches users with business credit cards with credit limits ranging from $10,000 to $500,000 and fees between 5% and 10%. While Seek claims it offers a 0% APR intro rate for 12-18 months, it doesn’t specify what rate you’ll receive after the intro period ends. Furthermore, some consumers have complained that Seek’s 0% APR intro offer was never honored.

In the end, you can avoid Seek’s fees and apply for a business credit card on your own. Doing independent research on credit card lenders could be worth the time involved if you want to focus on specific spending categories or rewards, such as a business credit card for travel.

Minimum annual revenueVaries based on lender match
Minimum time in businessVaries based on lender match
Minimum credit scoreVaries based on lender match

Seek Capital’s business loan requirements can vary based on its current list of partner lenders and each lender’s specific qualifications. After applying, Seek will disclose your matched lender so you can learn more about what they offer and read lender reviews to determine if it’s a good fit.

Required documents

While you typically must submit extensive paperwork like business tax returns and a detailed business plan when applying for financing, Seek Capital only requires your incorporation documents.

However, depending on your matched lender, you may need to submit additional documents. Having the following paperwork on hand could help speed along the application process:

  • Business plan
  • Business permits
  • Proof of insurance
  • Business balance sheet
  • Current profit and loss statement
  • Personal and business tax returns
  • Personal and business bank statements
  • Equipment operator’s license (if applicable)
  • Information about equipment you’re financing (if applicable)

Seek CapitalAmerican ExpressOnDeck
Minimum credit scoreVaries based on partner match660625
Loan products offered
  • Varies based on the matched partner’s offerings
  • Business credit cards
  • Lines of credit
  • Term loans
  • Lines of credit
  • Term loans
Time to funding1 to 3 weeks
  • Lines of credit: 1 to 3 business days
  • Term loans: 3 to 5 business days
Same-day funding available
Starting interestVaries based on partner match
  • Lines of credit: 3.00% monthly fee
  • Term loans: 6.98% APR
27.30% APR
Maximum loan size$500,000
  • Lines of credit: $250,000
  • Term loans: $75,000
  • Term loan: $250,000
  • Line of credit: $100,000
Minimum annual revenueNot required
  • Lines of credit: $36,000
  • Term loans: Not disclosed

Seek Capital vs. American Express

If you’ve had an American Express business credit card for at least a year and want a business term loan or line of credit, American Express is likely a better option. Since you’re already in Amex’s system, there’s no need for another credit check, and you can get your loan funds within a few days. Plus, American Express issues its loan products directly without the need of third-party lenders. This way you can know the loan’s terms and conditions in advance instead of waiting to get matched with a partner lender.

The downside is that American Express’s term loans aren’t always available, so you’ll need to log into your account to see if it’s an option.

Seek Capital vs. OnDeck

OnDeck works with a more diverse set of business owners, including smaller shops and borrowers looking for business loans with bad credit. If you need a quick business loan, OnDeck can deliver your funds as soon as the same business day, compared to Seek Capital’s one- to three-week timeline. In addition, OnDeck is a direct lender, meaning its in-house financial advisors can help address any questions or problems that may arise, even after you’ve received your funds.

However, you’ll likely pay a steep price for OnDeck’s speedy funding, with the average rate for its term loans at 60.9%, and 52.6% for lines of credit. Additionally, OnDeck requires businesses to operate for at least one year with a minimum annual revenue of $100,000, making it a less ideal choice for startups and low-earning companies.