Triton Capital, Inc.
A+ BBB Rating and 88% of our customers return for additional funding. Our mission is to provide your business with transparent, cost effective financing solutions to help you grow. We've helped thousands of business owners secure funding and look forward to partnering with you.
The process was simple and expedient. Took about 4 days from binning to end. The rates were not the same as in the estimate however, but tolerable.
Working with Andrew at Triton was a great experience the first time that we returned to him when the need arose the second time. I would highly recommend them.
Andrew was wonderful to work with. Always available without being pushy. Answered all my questions when was very helpful throughout the entire process.
The complete process was easy and it was a pleasure working with Andrew Paulson who answered all my questions and followed up with me on completion of my loan.
It’s simple and easy. Thank you triton and Andrew for helping us when we needed! Always reliable and available
Triton Capital provides financing to small- and medium-sized businesses in all 50 states. Headquartered in San Diego, the company launched during the Great Recession of 2008 when small businesses were in dire need of alternative sources of financing.
Although the company originally launched as a resource for equipment financing, the alternative lender now offers SBA loans, working capital loans, equipment loans and business lines of credit. Triton is a direct lender, but it also partners with other lenders.
Triton’s innovative technology streamlines the loan application process for loan products that typically carry lower interest rates and offer longer repayment terms than competing lenders. The company claims 82 percent of its clients return for additional funding and that its customers see funding in about four hours — 10 times faster than other lenders.
One of the company’s most unusual features is its pledge to offer the lowest payments on equipment financing and working capital. If you happen to find a lower rate, Triton will beat it or pay you $250. This business model ensures Triton is offering you transparent, low-cost solutions. Its drawbacks include tougher underwriting requirements and extensive paperwork.
Triton Capital has a diversified portfolio of financing options, including working capital and SBA-backed loans. You can use its SBA loans can for debt refinancing, marketing, business expansion, new employee hires and equipment purchases — these loans are geared toward established businesses with solid credit histories and strong balance sheets.
Triton advertises competitive interest rates, but its loans come with an origination or documentation fee. Here’s a side-by-side comparison of Triton Capital loan products:
|Triton Capital: At a Glance|
|Loan product||Loan amount||Loan term||APR range/ factor rate||Fees||Time to funding|
|Working Capital||Up to $250,000||6 to 36 months||Starts at 8.99%||Possible origination/documentation fee||Approval in 2 to 4 hours; funding in 1 to 2 days.|
|Equipment Capital||Up to $250,000||12 to 60 months||Starts at 5.99%||Possible origination/documentation fee||Approval in 2 to 4 hours; funding in 1 to 2 days.|
|SBA Loans||Up to $350,000||3 to 7 years||6.25% to 14.87%||Possible origination/documentation fee||15 days or fewer|
Rates current as of 7/3/2018
|Loan product||Annual revenue||Min. business credit score or personal credit score||Time in business|
|SBA Loans||$500,000||680 or above||4 years or more|
As part of the application process, Triton will request your name, business name, email and mailing address, phone number and financial information. Your required financial information might include bank statements, credit card statements, average bank balance, personal and business credit history, bank account information, tax ID number and Social Security number. If you need help, you can call a client advocate at 877-822-1333.
The website has a calculator you can use to get an estimate of what a loan will cost you, given certain inputs. For example, you can expect to pay $5,069 a month for 60 months on an equipment loan of $250,000. The total loan and interest payments will come to $340,000.
Different documents might be required for different loan products. Make sure you have all your documents ready before starting the application process.
Working capital loans require the following documents:
Equipment loans require the following documents:
SBA loans require the following documents:
|Reasonable interest rates||Origination/documentation fee likely|
|Multiple funding options to fit your needs||Tougher underwriting requirements on SBA loans|
|Fast approval and funding||Website lacks transparency|
Many of the funding solutions Triton Capital offers are tailored to SMBs with fairly solid track records. Although Triton is a direct lender, it also works with other lenders.
Most of Triton Capital’s loans include an origination/documentation fee. For SBA loans, the process is generally pretty straightforward, but always make sure you clearly understand the details, including the interest rate you’re being offered.
Triton Capital has found success in the growing world of alternative financing. It offers a number of financing options aimed at small- and medium-sized businesses and promises a fast approval process on most loans, except those from the SBA. The company’s interest rates sound reasonable, and it offers a guarantee that they can’t be beat.