| Takeaway | Key Insight |
|---|---|
| ⚙️ What Currency Specializes In | Currency specializes in equipment financing for small businesses, helping fund everything from heavy machinery and equipment purchases to aircraft through a lender marketplace model. |
| 🤝 How Currency Works | Currency offers an easy process to access a broad network of lenders through a single online application, allowing borrowers to compare multiple funding options without applying to various companies. |
| 🚀 Easy & Fast Process | The application is designed to be easy, with fast approval possible in some cases, though the total funding time can vary depending on the lender and deal complexity. |
| 💳 Credit & Qualifications | Currency is accessible to borrowers with fair credit and relaxed borrower qualifications compared to banks, using a soft pull initially and a hard pull only if a lender moves forward. |
| 💰 Loan Amounts & Terms | Currency offers equipment financing of up to $500,000, with terms ranging from 6 months to 7 years and no required down payment, helping preserve working capital. |
| 📉 Costs & Transparency | Interest rates, origination fees, and total costs vary by lender and are not clearly disclosed upfront, so borrowers should review the final terms carefully. |
| 🏆 Reputation & BBB Standing | Currency Finance is BBB-accredited with a strong BBB rating, and customer reviews highlight fast approvals and helpful relationship managers, as well as complaints about high rates and communication gaps. |
| ⭐ UCS Rating & Outlook | Based on its strengths and limitations, United Capital Source rates Currency Capital 3.8 out of 5, viewing it as a solid option for current needs but one that businesses should compare carefully when planning for future financing. |
For many companies, fast business funding can determine whether operations continue smoothly or stall during critical growth periods. One of the most common and essential uses of business funding is equipment financing, which allows companies to acquire the tools, machinery, or vehicles they need without tying up large amounts of cash. From heavy equipment and technology to specialized vehicles and aircraft, equipment purchases often represent a significant investment.
Alternative financing companies like Currency Capital help bridge this gap by connecting businesses with lenders that offer equipment loans and leasing solutions. By operating as a loan marketplace rather than a direct lender, Currency Capital provides businesses with access to multiple equipment financing lenders through a single application. However, as with any business funding decision, it’s crucial to evaluate the costs, requirements, and overall process before committing.
In this guide, we’ll explain how Currency Capital works to help you decide if it’s the right partner for your equipment financing needs. Specifically, we’ll answer these questions and more:
Currency Capital, often referred to simply as Currency, is an alternative business lending company that focuses primarily on equipment financing for small and medium-sized businesses. Founded in 2001 and headquartered in Scottsdale, Arizona, the company was created to simplify access to equipment loans and leases through modern technology and a broad lender network.
Currency Capital specializes in providing equipment loans and leases to small and medium-sized businesses. Rather than issuing loans directly, the company operates as a loan marketplace, helping borrowers connect with online lenders and other funding partners that match their business credit history, annual revenue, and equipment needs. This structure allows Currency to serve many businesses that may not qualify for traditional banks or SBA lenders.
Currency Capital is known for its fast approval process, particularly compared to traditional banks and some other lenders. The company operates under brand names such as CurrencyFinance for general equipment financing and CurrencyAir for aircraft financing, allowing it to serve a wide range of industries and equipment types.
Types of equipment financing available through Currency Capital include:
Currency Capital connects borrowers with a network of lenders for equipment financing. Businesses submit a single online application, and Currency reviews the information to identify suitable funding options from its lender partners. These options may include equipment loans, leases, or other financing structures, depending on the equipment type and borrower qualifications.
Currency Capital offers equipment financing loans up to $500,000, making it a viable option for many small businesses but less suitable for large-scale equipment purchases that require seven-figure financing. The funding process through Currency can take from same-day to two weeks, depending on the circumstances, the complexity of the deal, and the responsiveness of both the borrower and lender.
Currency does not require a down payment for its equipment financing options, which can make it easier for businesses to preserve working capital. Financing terms range from 6 months to 7 years, with repayment structures that vary by lender and equipment.
Currency Finance connects customers with third-party equipment loans and leases. This product line supports financing for a wide range of equipment purchases, including heavy equipment, heavy machinery, business auto loans, and specialized tools used across many industries.
Loan and lease structures vary depending on credit score, time in business, and the type of equipment being financed. Competitive terms may be available for borrowers with strong business credit history and stable operations.
Currency Air focuses on aircraft financing for eligible borrowers, including loans and leases for private and commercial aircraft. Aircraft equipment financing often involves larger loan amounts, longer terms, and more detailed underwriting than standard equipment loans. Through Currency Air, qualified borrowers can secure financing for aircraft purchases by leveraging Currency’s network of specialized lenders with aviation experience.
Currency aims to make funding more accessible, including options for financing equipment with bad credit. The company evaluates applications holistically, considering factors such as credit, time in business, annual revenue, and the type of equipment being purchased.
Currency is accessible to a broad range of small business owners, including those with fair credit (FICO score of 585 or better, generally recommended for US applicants). Borrowers with a credit score of 625 or higher and at least two years in business will have the most funding opportunities through Currency.
Currency Capital’s borrower qualifications are generally more relaxed than those of traditional banks, making it accessible to a broader range of small business owners. To qualify for equipment financing through Currency, borrowers must have no recent bankruptcies and own at least 20% of their business.
While these are standard benchmarks, approvals ultimately vary by lender and the application’s overall strength. Businesses with strong operations and consistent revenue may still qualify even if one area of their profile is weaker.
Currency Capital does not require a down payment, which can lower upfront costs but may result in higher monthly payments and higher business loan interest rates. For some borrowers, avoiding a down payment helps preserve cash for other business expenses, but it’s essential to weigh the long-term cost of financing when evaluating this benefit.
Currency operates as a loan marketplace, not a direct lender. It has a network of lenders that can connect businesses to equipment loans and leases, but the funding process can be slow and complicated. While this structure allows companies to access multiple funding options through a single application, it can also make the process feel less streamlined than working with a single direct lender.
Another essential consideration is limited transparency on the website. Currency Capital does not provide clear information about interest rates or fees on its website, which is a common concern among users. This can make it difficult to compare offers upfront. Borrowers often need to progress through the application process to receive specific cost details.
Lower borrowing amounts are also a factor. Currency Capital’s maximum loan amount is $500,000, which may not meet the needs of some businesses. Many equipment lenders, especially those offering SBA loans, can finance equipment purchases into the millions.
Regarding credit impact, Currency performs a soft pull on your credit during the application process. Lending partners may require a hard pull to finalize funding, and reporting to business credit bureaus varies by lender. This means the impact on credit can differ from deal to deal.
Overall reputation for Currency is mixed but generally positive. Many customers praise Currency for faster approval and funding processes than traditional banks, while some have reported funding delays of two weeks or more. Currency’s application process is described as straightforward and can be completed online. The company also has mixed reviews across various online publications.
Currency doesn’t offer information about a business loan affiliate program, but it does provide dealer financing options. ISOs and business loan brokers interested in working with Currency should contact the company directly.
Currency Capital’s small business loan application process is online and can be completed quickly, but the time to funding can vary significantly based on the lender. Currency Capital’s application process includes providing information about the equipment to be purchased, personal information, and business details.
Borrowers start by completing an easy online application with basic business and personal details.
Applicants submit details about the equipment purchase, including cost, type, and vendor information.
Currency reviews the application and presents available funding options from its lender network.
Once a lender is selected, additional documentation may be required before funding is finalized.
After funding, repayment terms depend on the specific lender and financing structure. In most equipment financing arrangements, the lender holds a lien on the equipment until the loan or lease is paid off.
Payment schedules may be monthly, but Currency does not publish detailed information about daily, weekly, or biweekly payment options. Information about prepayment penalties or early payoff discounts is also not publicly disclosed. Carefully review any financing agreement to ensure you understand repayment obligations and any potential cost-saving opportunities.
Currency Capital offers an easy application process, relaxed borrower qualifications, and access to a vast network of lenders. Many businesses benefit from fast approval, same-day decisions in some cases, and the ability to finance equipment without a down payment. The company’s focus on equipment financing allows it to provide targeted assistance for equipment purchases across many industries.
Currency Capital does not provide clear information about interest rates or fees on its website. The marketplace doesn’t offer access to other business loans, such as working capital loans.
Currency Capital’s funding process can take longer than expected, with some borrowers waiting up to two weeks. The $500,000 borrowing cap may also limit options for larger businesses with more complex financing needs.
Pros
Cons
Currency Finance is a legitimate lending marketplace that has served more than 200,000 businesses in the US and Canada. Currency Finance is accredited by the Better Business Bureau (BBB) and has an A+ rating, supporting its credibility as an established financing company.
Currency Capital’s customer reviews are polarized, with some praising the fast application process while others complain about high rates and poor communication. The company’s Trustpilot score is rated Great, averaging 4 out of 5 stars.
Positive customer reviews often highlight the responsiveness of individual relationship managers and the ease of the digital application process. Many customers note faster approval and simpler document requirements than with banks.
Negative customer feedback often points to a lack of transparency in loan terms and unexpected charges. Currency’s reviews frequently highlight issues with customer service and communication. Common complaints from users include hidden fees or billing discrepancies discovered after the contract is signed. Some customers complained that Currency’s terms were opaque, resulting in higher-than-expected rates.
Currency, or its lender partners, might deny a loan application for various reasons. Examples include poor credit, insufficient revenue, or insufficient business history.
If declined, the company should provide written notification explaining why. If not, or if you require more information, contact Currency directly.
Fortunately, small business owners have access to a wide range of lenders if Currency isn’t the right fit. Many lenders offer equipment financing in addition to other business funding solutions.
Working with a small business loan marketplace, like UCS, allows you to access a range of loan options by applying to a network of lenders with a single application. You can then get guided support in choosing the best deal for your business.
You may be interested in one of the following small business loans:
Currency Capital can be a solid option for small businesses that need equipment financing quickly and don’t qualify for traditional bank loans. It’s best suited for companies with fair credit, moderate funding needs, and clearly defined equipment purchases. Businesses seeking substantial loan amounts, lower interest rates, or full cost transparency upfront may want to compare other lenders or SBA loan options.
Based on the available information, we rate Currency Capital 3.8 out of 5. It’s a solid option for equipment financing, but its limitations include a low borrowing maximum and limited cost transparency.
Disclaimer: The Currency Capital trademark is owned by Sandhills Global, Inc., and its use herein is for reference purposes only, and it does not indicate sponsorship or endorsement from Sandhills Global, Inc.
