Cashfund provides small business loans up to $500,000 with approval decisions in as little as 4 hours and funding within 24 hours, requiring minimal eligibility criteria.
Data compiled from public sources · Rating from CreditDoc methodology
Cashfund is a small business lending company that specializes in rapid-approval business loans for entrepreneurs and established business owners. The company positions itself as a fast alternative to traditional bank lending, emphasizing speed and accessibility as core competitive advantages in the small business financing market.
Cashfund offers unsecured business loans ranging up to $500,000 with no stated spending restrictions on borrowed funds. The application and approval process is designed for speed, with decisions made in as little as 4 hours and funding available within 24 hours. The company advertises a 93% approval rate and targets businesses that meet three basic criteria: at least 1 year of operating history, a minimum credit score of 500, and monthly revenue of $15,000 or more.
What distinguishes Cashfund is its combination of speed, high approval rates, and low eligibility barriers compared to traditional SBA loans or bank financing. The company emphasizes straightforward underwriting without complex application processes, and promotes its customer service as knowledgeable and responsive. The absence of spending restrictions is notable—borrowers can use funds flexibly rather than for specific purposes like equipment or inventory.
Based on publicly available information from their website, Cashfund operates as a legitimate business lender, though the extremely high approval rate (93%) and rapid funding timelines suggest their underwriting may involve trade-offs such as higher interest rates or fees not detailed on their homepage. Prospective borrowers should thoroughly review loan terms, APR, and all associated fees before committing, as the website does not disclose pricing details. The minimum revenue requirement ($15k monthly) excludes early-stage or very small businesses.
Yes. Cashfund is a registered company, headquartered in Denver, CO.
Results vary by individual situation. Contact the provider to discuss expected timelines for your specific needs.
CreditDoc Diagnosis
Cashfund is best suited for established small business owners with at least 1 year of operating history, monthly revenue of $15,000+, and credit scores of 500 or above who prioritize speed over comprehensive loan shopping. The primary caveat is that interest rates and full fee structures are not disclosed on their website, so borrowers must contact them directly to compare costs against other business lenders before accepting any offer.
Credit repair company using dispute strategies to remove inaccurate items from credit reports across all three bureaus, targeting score improvements within 30 days to 6 months.
Best for: Consumers preparing to buy a home and needing rapid credit score improvement for mortgage qualification, Individuals with multiple inaccurate negative items on credit reports who want hands-on monthly support
Chicago-based bankruptcy law firm specializing in Chapter 7, 13, and 11 filings, plus debt defense and foreclosure avoidance for individuals and businesses.
Best for: Chicago-area consumers facing wage garnishment, foreclosure, or imminent creditor lawsuits who need immediate defensive action, Small business owners considering Chapter 11 reorganization or facing multiple creditor suits
Manhattan-based alternative business financing lender serving small and medium-sized businesses nationwide with flexible capital solutions for growth and operational needs.
Best for: Small business owners seeking working capital for operational expenses like payroll and inventory, Medium-sized businesses planning expansion or renovation projects
Your credit report contains the raw data behind your score. Learn what's in it, how to read it, and how to dispute errors that could be dragging your score down.
Read guide →Klarna, Afterpay, Affirm — they make spending easy. But what happens to your credit score when you use them? Here's what the fine print doesn't tell you.
Read guide →Learn what makes up your credit score, how it's calculated, what the ranges mean, and how to check yours for free.
Read guide →New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.
Lenders must show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the cheapest loan.
Example
You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.
The percentage a lender charges you for borrowing their money, calculated on the amount you still owe. It's the lender's profit for taking the risk of lending to you.
Even a 1% difference in interest rate can cost you thousands over a loan's life. Lower rates mean less money out of your pocket.
Example
On a $20,000 car loan for 5 years: at 5% you pay $2,645 in interest. At 8% you pay $4,332. That 3% difference costs you $1,687 extra.
A person who agrees to repay your loan if you can't. They're equally responsible for the debt, and their credit is affected by your payment behavior.
Cosigning helps people with thin credit get approved or get better rates. But it's a huge risk for the cosigner — they're on the hook for the full amount if you default.
Example
A parent cosigns their child's $30,000 student loan. The child stops paying after 6 months. The parent is now legally required to make the payments or face collections, lawsuits, and credit damage.
How long you have to repay the loan, measured in months or years. A shorter term means higher monthly payments but less total interest paid.
Longer terms feel more affordable monthly but cost much more overall. A 30-year mortgage costs almost double in interest compared to a 15-year mortgage on the same amount.
Example
Borrowing $200,000 at 6.5%: A 15-year term costs $1,742/month ($113,561 total interest). A 30-year term costs $1,264/month ($255,088 total interest). You save $141,527 with the shorter term.
A one-time fee the lender charges to process and set up your loan. It covers their costs for underwriting, verifying your information, and preparing paperwork.
Origination fees are usually 1-8% of the loan amount and are often deducted from your loan proceeds — so you receive less than you borrowed.
Example
You're approved for a $10,000 personal loan with a 5% origination fee. The lender deducts $500 upfront, so you receive $9,500 in your bank account but owe $10,000 plus interest.
The original amount of money you borrowed, before any interest or fees are added. It's the 'real' amount of your debt.
Your interest is calculated on the principal. Paying extra toward principal (not just interest) is the fastest way to reduce your total cost and pay off a loan early.
Example
You borrow $25,000 for a car. That $25,000 is your principal. Your first payment of $450 might split as $150 toward interest and $300 toward principal, bringing your balance to $24,700.
The process where a lender evaluates your finances — income, debts, credit history, assets — to decide whether to approve your loan and at what rate.
Understanding what underwriters look for helps you prepare a stronger application. They check your DTI ratio, employment stability, credit score, and the asset's value.
Example
You apply for a mortgage. The underwriter reviews your pay stubs (income), bank statements (savings), credit report (history), and orders an appraisal (home value). This takes 2-4 weeks.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
Affiliate Disclosure: CreditDoc may earn a commission when you click links to Cashfund and other services. These commissions help us maintain our free research. Our editorial team independently evaluates all services. Compensation does not influence our ratings or rankings. Learn more.