Capital One Small Business Loans Review

Compare Capital One small business loans to popular competitors Kabbage, OnDeck, and Accion. Includes a detailed review and answers to common questions.

Updated on July 6th, 2020

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Capital One offers business owners a variety of small business loans and financial services.

Updates:

Updated 21st of May 2020

We made it easier to compare Capital One with popular lenders Kabbage, OnDeck, and Accion.

Also Consider

Small Business Loans

Low interest rates whether for loans from $6,000 or $250,000.

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Prime Business Loans

SBA Loans

Working Capital

Pros and Cons:

Pros

  • Good variety of credit lines and term loans.
  • Flexible repayment terms.

Cons

  • Limited branch accessibility.
  • Not available in all states.

Review:

Capital One is a reputable financial services provider with a good selection of loan products for small businesses. They offer loan amounts starting at $10,000 with flexible repayment terms and added conveniences, such as automatic payments.

Highlights.

  • Offers a range of credit lines and term loans to meet small business needs.
  • Flexible repayment terms.
  • Automatic payments.

Shortcomings:

  • Not all loans are available in all states.
  • Limited branch accessibility in comparison to some competitors.

Reputation:

Capital One was given an A rating by the Bettter Business Bureau. Capital One has mixed customer reviews with positive ones commending and credit offerings as well as negative ones reporting poor customer service experiences.

Rates:

Loan Types

Loan Amount

Line of Credit

Starting at $10.000.00

Installment Loan

Starting at $10.000.00

Equipment Loan

Starting at $10.000.00

7(a) Loan Program

Up to $5,000,000.00

Capital One vs. Kabbage
Capital One vs. Kabbage:

Unlike Kabbage, Capital One does not indicate a minimum credit score requirement but requires borrowers to have been in business for at least 2 years. Capital One certainly seems the more flexible option with varying repayment terms and unlimited advances on its working capital lines of credit.

Capital One vs. Kabbage:

Offer

Capital One

Kabbage

Loan Type

Line of Credit

Line of Credit (unsecured)

Loan Amount

From $10,000

Up to $250,000

Terms

Varies

6, 12, or 18 months

Capital One vs. OnDeck
Capital One vs. OnDeck:

As a traditional lender, Capital One can offer borrowers far more attractive rates than an alternative lender like OnDeck. Capital One is a great option if you already have an account with them while OnDeck is a good option if you need fast access to funds.

Capital One vs. OnDeck Comparison:

Offer

Capital One

OnDeck

Loan Type

Installment loan

Term loan

Loan Amount

From $10,000

$5,000 - $500,000

Terms

Up to 5 years

3 - 36 months

Capital One vs. Accion
Capital One vs. Accion:

Capital One is a traditional financial institution that offers a wide range of personal and business banking products while Accion caters solely to small businesses. Compared to Capital One, Accion simply offers more in terms of small business support, like facilitating networking opportunities and mentorship programs.

Capital One vs. Accion Comparison:

Offer

Capital One

Accion

Loan Type

Installment loan

Term loan

Max. Loan Amount

From $10,000

$250,000

At-a-Glance:

Online Dashboard

Yes

Mobile App

Yes

Lines of Credits

Yes

Term Loans

Yes

Automatic Payments

Yes

Customer Support

Phone

Key Information:

Legal Name

Capital One Financial Corporation

Founder

Richard Fairbank

Founding Date

Jul 21, 1994

Address

1680 Capital One Drive, McLean, VA 22102

Number of Employees

47600

Number of Customers

10000000

Telephone

1 (877) 383-4802

Website

https://www.capitalone.com/small-business-bank/financing/

FAQs:

Does Capital One give business loans?

Capital One business banking offers several lines of credit and term loans, in addition to checking and savings account options for small business owners. These include the Capital One small business line of credit, SBA loans, equipment loans, and Capital One small business credit cards.

Does Capital One offer lines of credit?

Capital One business banking offers various lines of credit and term loans, in addition to checking and savings account options for small business owners. This includes the Capital One small business line of credit.

What are the payment terms for Capital One Small Business Loans?

Capital One does not set a specific range of interest rates on any of their small business loans, so the loan amount you qualify for depends on your business history, financial status, and loan term. Business installment and equipment loans come with a five-year term, while SBA loans have longer repayment terms and are easier to qualify for.

What type of services does Capital One Small Business Banking offer?

How do I qualify for a Capital One Small Business Loan?

Capital One Small Business Loans are approved on a case-by-case basis. When you apply for a loan, you'll need to provide your banker with an executive summary and a business plan, along with your financials. The executive summary should indicate why you want the loan, how much you need to borrow, and your ability to pay back.

Capital One

How can I apply for a Capital One Small Business Loan?

To apply for a loan, you'll need to meet with a Capital One banker in-person. Your business should be at least two years old and you should own at least 50% of your business. You should also have a Capital One business checking account or apply for one to qualify for a loan.

What is a Capital One 360 Small Business account?

The Capital One 360 business checking account is a free online account, offering business owners unlimited free transactions and low monthly service and wiring fees. The Capital One small business checking account is an ideal option if you do all your banking online.

Can I apply for a Capital One small business credit card?

Although not considered a loan, with the Capital One small business card you can earn up to two percent cash back, as well as cash bonuses and travel miles through your Spark business account. Once you've earned enough miles, you can use your Spark business checking account to book airline tickets, hotel accommodation, and vacation packages.

Capital One Small Business Loans

What is the Capital One Spark business phone number?

You can reach the Capital One Spark business support team by calling 1 (800) 867-0904.

What are some Capital One Small Business Loan alternatives?

What are the Capital One bank business hours?

Capital One Business Bank is typically open Monday through Friday from 9am until 5pm.