1West Finance

Overview

1West Finance is a small business lending marketplace that connects businesses with over 50 lenders offering merchant cash advances, term loans, SBA loans, lines of credit, and other financing options. The company specializes in fast funding for businesses with lower credit scores, offering approval within 24 hours and funding within 2 business days.

Key Differentiators:

• Marketplace model: Access to 50+ lenders with one application
• Fast processing: Approval within 24 hours, funding within 2 business days
• Credit-flexible: Works with businesses with lower credit scores
• Zero upfront fees: No application or underwriting fees
• Wide product range: MCAs, term loans, SBA programs, lines of credit, equipment financing

Merchant Cash Advance Details

Factor Rates & Terms

• Factor rates: 1.15–1.45 (varies by lender, credit, revenue)
• Advance amounts: $10,000 – $500,000
• Holdback percentage: 10–25% of daily sales
• Term length: 3–18 months typically
• Renewal options: Available after 50–60% repaid

Eligibility Requirements

• Time in business: 6+ months (some lenders require 1+ years)
• Monthly revenue: $10,000+ minimum
• Credit score: 500+ (some lenders accept lower)
• Bank statements: 3–6 months required
• Industry restrictions: Most standard industries accepted

Funding Speed

• Application to approval: 4–24 hours
• Approval to funding: 1–2 business days
• Emergency funding: Same-day available (higher rates)
• Documentation: Digital submission, no physical paperwork

Other Financing Products

Term Loans

• Amounts: $10,000 – $500,000
• Terms: 1–5 years
• Rates: 8–30% APR
• Use cases: Equipment, expansion, working capital

SBA Loans

• Amounts: $50,000 – $5,000,000
• Terms: 10–25 years
• Rates: 6–13% APR
• Processing time: 30–90 days

Business Lines of Credit

• Amounts: $5,000 – $250,000
• Draw periods: 6–24 months
• Rates: 10–25% APR
• Features: Revolving, interest-only on used amount

Equipment Financing

• Amounts: Up to 100% of equipment cost
• Terms: 2–7 years
• Rates: 8–30% APR
• Collateral: Equipment being financed

Application Process

Step-by-Step

1. Online application: Basic business information (5–10 minutes)
2. Document submission: Bank statements, tax returns, business documents
3. Lender matching: 1West matches with suitable lenders from network
4. Offer presentation: Receive multiple loan/MCA offers
5. Selection & acceptance: Choose best offer, sign agreement
6. Funding: Money deposited within 1–2 business days

Required Documents

• 3–6 months business bank statements
• Business tax returns (1–2 years for larger amounts)
• Personal identification (driver’s license, SSN)
• Business license/registration documents
• Voided business check or bank verification

Cost & Fee Structure

Merchant Cash Advance Costs

• Factor rate fee: Built into total repayment (no separate interest)
• Origination fee: 0–5% (often deducted from advance)
• Underwriting fee: None (1West charges lenders, not borrowers)
• ACH return fee: $25–$50 per failed withdrawal
• Early payoff: Discounts available (10–20% of remaining balance)

Comparison to Industry Averages

Customer Experience

Ratings & Reviews

• Trustpilot: 4.2/5 stars (based on 47 reviews)
• Better Business Bureau: A+ rating
• Google Reviews: 4.3/5 stars
• Industry publications: 4.1/5 stars (UnitedCapitalSource)

Common Praises

• Fast funding: Many customers report 24-hour funding
• Credit flexibility: Works with lower credit scores
• Multiple options: Access to various loan types
• Transparent pricing: Clear terms and conditions
• Good customer service: Responsive support team

Common Complaints

• Higher rates: Costlier than traditional banks (expected for alternative lending)
• Aggressive sales: Some report pushy sales tactics
• Communication gaps: Occasional delays in response
• Limited customization: Marketplace model limits negotiation

Industry Specializations

Best For These Industries

• Retail: Inventory financing, seasonal needs
• Restaurants: Equipment, renovations, cash flow
• Healthcare: Medical practices, dental offices
• Construction: Equipment, payroll, materials
• Transportation: Trucking, delivery services
• Service businesses: Marketing, expansion, working capital

Industries With Limitations

• Adult entertainment: Generally not accepted
• Gambling/casinos: Restricted by most lenders
• Cryptocurrency: Limited lender participation
• Startups: Less than 6 months history challenged

Regulatory & Compliance

Licensing & Registration

• Registered: New York, NY (112 W 34th St FL 18)
• Licenses: Licensed lender in all 50 states through partner network
• Compliance: Follows state lending regulations
• Transparency: Clear terms, no hidden fees

Industry Affiliations

• Small Business Finance Association (SBFA): Member
• Commercial Finance Association (CFA): Participant
• Better Business Bureau: Accredited business

Strategic Considerations

When 1West Makes Sense

• Emergency funding needs: Quick approval required
• Credit challenges: Lower credit scores (500+)
• Multiple option exploration: Want to compare offers
• Time-sensitive opportunities: Can’t wait for traditional processing
• First-time borrowers: Building business credit history

When to Consider Alternatives

• Excellent credit: May qualify for better bank rates
• Large, planned purchases: Traditional loans better for major investments
• Non-profit organizations: May have specialized options
• Highly regulated industries: May need specialized lenders

Contact Information

Primary Contact

• Website: 1west.com
• Phone: (888) 881-9378
• Address: 112 W 34th St FL 18, New York, NY 10120
• Email: info@1west.com (via contact form)

Application Portal

• Online application: 1west.com/apply
• Document upload: Secure portal available
• Status tracking: Real-time application updates
• Support: Phone, email, live chat

Comparison to Other Providers

vs. OnDeck

• 1West advantage: Lower credit requirements, marketplace model
• OnDeck advantage: Lower rates for strong credit, more established

vs. Credibly

• 1West advantage: Wider product range (SBA, term loans)
• Credibly advantage: Specialized MCA expertise, potentially faster MCA funding

vs. Rapid Finance

• 1West advantage: More lender options, potentially better rates through competition
• Rapid Finance advantage: Faster dedicated MCA funding (as quick as 24 hours)

Final Recommendation

Overall Rating: 4.1/5 Stars

Best suited for: Small to medium businesses needing fast funding with credit scores in the 500–650 range who want to compare multiple offers.

Consider if: Speed is critical, credit is less than perfect, and you value having multiple financing options to compare.

Look elsewhere if: You have excellent credit (680+) and can wait 2–4 weeks for traditional bank financing, or need very large amounts ($1M+).

Bottom line: 1West Finance provides valuable access to multiple lenders through a single application, offering credit-flexible financing with impressive speed. While costs are higher than traditional banks (as expected with alternative lending), the trade-off for speed and accessibility makes sense for many small businesses.

Last updated: March 2026. Rates, terms, and lender participation subject to change. Verify current offers directly with 1West Finance before applying.