Uplyft Capital Business Loans Review 2022: Is It Right For You?

Becky Hanson

Uplyft Capital specializes in merchant cash advances with four different program tiers. In addition, they have partnered with other lenders to provide a range of funding solutions that include lines of credit, SBA loans, and invoice financing. 

Overall rating


Summary: With Uplyft Capital, small to mid-sized businesses can benefit from fast funding turnarounds and a simple, user-friendly online application process.

Uplyft Capital Business Loans

uplyft capital logo


Max. Loan Amount

6+ months

Time In Business


Monthly Revenue


Credit Score



Loan Application


Loan Purpose


Loan Terms, Fees, & Rates


Repayment Options


Industry Restrictions


Customer Service


Safe & Secure


  • Range of funding options 
  • Simple online application 
  • Specializes in merchant cash advance 
  • Tiered system 
  • Renewal available
  • High approval ratio


  • High factor rate 
  • Daily or weekly repayment 
  • Businesses with low revenue do not qualify

Best For

  • Business loans for bad credit 
  • Small to mid-sized businesses 
  • Fast funding
  • Transparent factor rates


HQMiami, Florida, United States
Loan Amount$5,000 – $500,000
Loan Terms2 – 12 months 
Interest Rate TypeFactor rate
Loan SecurityUnsecured
Collateral RequirementsNone for merchant cash advances
Min. Credit Score500
Min. Monthly Revenue$8,000
Time In Business6+ months
Turnaround Time1 – 2 days
State RestrictionsAvailable in all States

In depth review on Uplyft Capital Business Loans 

Uplyft Capital is on a mission to provide businesses with a suite of funding solutions, a hassle-free process, and personalized offers that meet your unique business needs. There are four programs to choose from when taking out a merchant cash advance. These include: 

Uplyft Capital ProgramStarter Standard Premier Premier Plus 
Term 2 – 5 months 2 – 7 months 3 – 8 months 3 – 12 months 
Factor rate 1.4 1.34 1.3 1.24 
Renewal Yes Yes Yes Yes 
Amount $8000 – $30,000 $5,000 – $125,000 $10,000 – $250,000 $30,000 – $500,000 
Source: Uplyft Capital 

In addition, the marketplace offers funding solutions in partnership with third-party lenders. These include the following: 

  • Merchant cash advance 
  • Lines of credit 
  • Traditional bank loans 
  • 401k business financing 
  • Disaster relief loan 
  • Hard money business loans 
  • SBA loans 
  • Invoice financing 

You can view more information about the marketplace on their website. 

Uplyft Capital Business Loan is best for  

  • Business loans for bad credit: Regardless of your credit score, Uplyft Capital will consider applications from various credit profiles.  
  • Small to mid-sized businesses: If you’re a small or mid-sized business that has been operating for a minimum of 6 months with a revenue of $12,000 a month on average, Uplyft Capital could be a good fit for you.  
  • Fast funding: You can apply for a business loan, receive same-day approval, and have the funds deposited into your bank account within 1 – 2 days.  
  • Transparent factor rates: Uplyft Capital is transparent about the cost of borrowing. Factor rates range from 1.24 to 1.4 depending on your program tier and the amount of capital you borrow. 

Uplyft Capital Business Loan benefits  

  • Range of funding options: There is a range of funding options available in the marketplace to help you meet your business goals. Some of these include merchant cash advances, lines of credit, and SBA loans.   
  • Simple online application: You can get started online and complete an application within minutes.  
  • Specializes in merchant cash advance: Uplyft Capital specializes in merchant cash advances. This allows you to borrow money against future earnings and use the capital to invest in your business today.  
  • Tiered system: Uplyft Capital has a tiered system where there are four different programs to choose from. Depending on your business needs, a Funding Advisor will place you in the program best suited to your financial requirements.  
  • Renewal available: Businesses that make on-time payments are more likely to be eligible for renewal of their small business loan.  
  • High approval ratio: Uplyft Capital has a high approval ratio where approximately 90% of applications are approved.  

Uplyft Capital Business Loan drawbacks  

  • High factor rate: With Uplyft Capital, the factor rate goes up to 1.4 which can make your business loan costly to finance.  
  • Daily or weekly repayment: Frequent repayments can be a strain on cash flow for small businesses that are already funding a cash flow shortfall.   
  • Businesses with low revenue do not qualify: If your business makes less than $12,000 per month, you will not be eligible for a small business loan.  

Loan application  


Uplyft Capital adopts a seamless business loan application process where you can apply for funding and receive same-day approval. You’ll need to have the following information on hand: 

  • Business name 
  • Loan amount 
  • Business address 
  • Business phone number 
  • Industry 
  • Email address 
  • Credit score 
  • Business debt 
  • Bank type 
  • Business start date 

A funding specialist can give you an idea of how much you can qualify for, with no obligation. Personal guarantees and collateral are not required. Minimal documentation may be required to support your application including: 

  • Driver’s license 
  • Proof of ownership  
  • Void check 
  • Bank validation 

To be eligible, your business must be in operation for a minimum of 6 months and have monthly revenue of at least $8,000.

Once your application has been approved, you can expect funding to occur within 1 – 2 business days.  

Loan purpose  


Merchant cash advances with Uplift Capital can be used for a variety of purposes including: 

  • Quick financing to increase your cash flow 
  • Buy inventory during busy seasons 
  • Pay for unexpected expenses 
  • Invest in new expansion opportunities 
  • Purchase or lease machinery 
  • Repair breakdown of equipment 
  • Open a new office or location 
  • Pay taxes or other liabilities 
  • Hire staff or employees 
  • Scale production  
  • Marketing or advertising campaigns 

Provided the funds are used for business purposes, there are very few restrictions on the use of funds.  

Loan terms, fees, and rates  


Terms for a merchant cash advance range between 2 – 12 months. Factor rates start from 1.24 and go up to 1.4. This means that for every $10,000 you borrow, you’ll pay between $2,400 and $4,000 as a financing cost. There are no other fees.  

Repayment options 


Depending on the program you are approved for when you take out a merchant cash advance, you can make repayments via daily or weekly ACH debits. 

Once you’ve established positive payment history, your business loan could be eligible for renewal at a better rate.  

Industry restrictions 


Uplyft Capital works with a range of businesses nationwide and the only restriction are non-profits. Industries that are considered high risk by traditional lenders could secure funding from Uplyft Capital.  

Industries that could benefit from a business loan from Uplyft Capital include the following: 

  • Restaurants 
  • Dentistry 
  • Plumbing 
  • Retail 
  • Fast food 
  • Hotels 
  • Beauty salons 
  • Pharmacies 
  • E-commerce
  • Media companies

Customer service 


To get in touch with Uplyft Capital you can call 800-515-7531 or email: 

You can also submit a message using the contact form on the website.  

According to Trustpilot, Uplyft Capital has a 4.5 rating with over 70 reviews. Many of the positive reviews report great customer service and fast funding timelines. Unfortunately, some of the negative reviews warn of high factor rates and daily ACH withdrawals that can be a strain on cash flow for a business.  

Safe and secure  


You might be wondering if Uplyft Capital is a legit company. As the merchant cash advance industry becomes saturated, it can be difficult to decipher the good companies from the bad ones.  

Founded in 2012, Uplyft Capital has helped over 2000 businesses nationwide, funded over a hundred million dollars in small business loans, and has an A+ rating with the Better Business Bureau.  

In addition, you can find Uplyft Capital over at Spotify where the company aims to help small businesses grow, secure funding, and increase sales.  

Is Uplyft Capital Business Loan right for you? 

Uplyft Capital is a good fit for business owners with bad credit who are seeking to secure funding with a short turnaround. The application process requires minimal documentation and there are no fees.  

However, daily or weekly repayments could be a strain on small businesses that are funding a cash flow shortfall. The high factor rate could also make your business loan costly to finance.  

When looking for a business loan, it’s a good idea to consider alternatives that can lower your cost of borrowing. Uplyft Capital offers a marketplace where you could be eligible for alternative financing solutions from one of their vetted partners.