36th Street Capital Reviews - Financial Lender Pros & Cons

sarah-klein writer
By Sarah Klein
Updated February 15, 2019
Editor's Rating
Equipment Lessor Funder
Customer Rating 17 Reviews
Types of loans
Equipment financing for clients of lessors
Loan amounts
$500,000 or more
Terms of payment
12 to 60 months (1 to 5 years)
  • Provides funding to help companies grow.
  • Interested in helping businesses with “storied credit”.
  • Helps equipment lessors and firms service high-risk clients.
  • Minimal funding information given.
  • Works only with loan and lease providers.
  • Handles only large transactions.

What types of businesses can benefit from 36th Street Capital financing?

According to the lender’s website, its services are best suited for companies falling “outside the traditional credit industry box.” Middle-market lessors seeking liquidity for providing equipment financing to clients who fail to meet the qualification requirements of traditional lenders can work with 36th Street Capital to find workable solutions.

Company Profile

36th Street Capital was founded in 2014 by Mark Horan and Kiran Kapur. As co-founders, the two sought to create a source of specialty financing for companies with nontraditional credit histories. Building on a “network of alternative capital sources,” the two established a new lending company with the liquidity to provide funding solutions to equipment lessors and lessees in a variety of traditional, modern and high-risk industries.

Currently headquartered in New Jersey, 36th Street Capital has managed over $3 billion in equipment costs and continues to help lessors provide the funding their clients need to move beyond financial difficulties and experience growth. In 2015, the lender entered into a joint venture with investment management firm Tennenbaum Capital to further its goal of helping clients provide high-quality service to their business customers. The company brings over 65 years of combined experience in equipment financing, capital markets and diversified manufacturing to the alternative lending sector, and this expertise makes it possible to secure critical funding for businesses with strong company stories regardless of past financial challenges.

Credit Policy

Every business has a story behind its financial status, and lessors come to 36th Street Capital on behalf of clients with the most interesting and challenging backgrounds. Rather than creating a cutoff point for eligibility based on a FICO score, this lender examines the full story of each company and looks for ways to make growth possible despite past struggles. The 36th Street Capital website makes it plain their goal is to understand what companies have been through and respond with appropriate financing options.


The types of businesses for which 36th Street Capital secures funding are those considered high risk by traditional lending institutions. The lessors, private equity firms and advisory firms that come to this lender are seeking alternative solutions for their clients but may not have the liquidity necessary to extend an unsecured loan. 36th Street Capital uses its own balance sheet capital to make it possible for struggling businesses to obtain the equipment they need to keep moving forward.

Businesses with nontraditional credit records are often passed over by other lenders, and lessors aren’t always willing to take on the risk involved in extending equipment financing to a company lacking the financial stability to guarantee it won’t default. Funding from 36th Street Capital lowers the risk and supports the ability of mid-market loan originators to service clients with a wide range of needs.

Target Market

The lessors and firms serviced by 36th Street Capital works offer equipment leases to clients in diverse markets, including:

For companies in these sectors, high-quality modern equipment is necessary to provide the best service and to maintain an edge over the competition. When inadequate cash flow or poor credit stands in the way of growth, 36th Street Capital is there to offer liquidity and secure essential funding.

Cautionary Industries

Even when finances are stable, industries like construction, mining, agriculture and certain sectors of entertainment may be viewed as too risky by traditional lenders. This is due in part to the nature of the risks faced by companies in these sectors. Accidents, injuries and cultural shifts are unpredictable and can turn a prosperous company into one facing bankruptcy almost overnight. Lenders are often unwilling to assume the risk involved in lease agreements when the possibility of a client defaulting or going under is high.

The structure of 36th Street Financial allows it to work with companies whose clients fall into unique or risky categories. Given the lack of willingness among traditional lease providers to consider equipment financing for industries where questionable credit and unstable cash flow is common, the lender has positioned itself to be an alternative for companies whose best chance for growth is to have a lease provider ready to support them as they get back on their feet.

Term Length

Terms for funding from 36th Street Capital range from 12 to 60 months, making it one of the more generous lenders in the alternative financing sector. However, because the deals it funds are often in the millions of dollars, even lengthy terms can require large payments.

The way lending agreements work through lessors compensates for what may otherwise be an overwhelming payment schedule. Companies partnering with 36th Street Capital provide equipment to multiple clients, use the money from the lender to establish funding deals and have the income from these lease agreements to pay back the loan within the given terms.

What’s Required to Apply

Companies in need of liquidity to fund unique or difficult equipment financing transactions for their clients must contact 36th Street Capital to start the process. Unlike lenders providing equipment funding directly to businesses, 36th Street Capital doesn’t have a free quote form, prequalification option or online application, nor does it provide information regarding eligibility requirements for its services.

36th Street Capital works with private equity firms and advisory firms as well as independent, captive and bank lessors. Ideal customers are those whose clients have financial needs falling outside the scope of traditional lenders’ offerings due to poor credit, unstable financial histories or unusual needs. By working with a financing partner experienced in nontraditional funding, 36th Street Capital is able to provide personalized financing solutions based on the distinctive background stories of businesses in need.

Equipment lease providers in the alternative sector have similar basic requirements for their application and approval processes. In addition to completing an application form, customers are usually asked to submit one or more of the following:

It’s typical for larger loan amounts to require more documentation, such as additional financial paperwork or details of existing loans and leases. Because 36th Street Capital funds significant deals in high-risk industries and wants to know the full stories behind the companies it helps, it’s safe to assume the lender prefers a more detailed history at the time of application. However, the company also seeks to maintain reasonable turnaround times despite the potential challenges of lending to businesses with “storied” credit.


Rates for funding from this lender aren’t stated on its website. Companies seeking additional funding to back equipment leases for their clients can call 36th Street Capital or submit a question using an online form.


Businesses with questionable credit often rely on loans for support in times of slow cash flow or to cover unforeseen expenses. Although 36th Street Capital doesn’t specify whether it approves of extending leases to companies already carrying other financial obligations, its focus on helping businesses get back on their feet suggests the practice of stacking may be acceptable. The lender gives no indication of being risk-averse, nor does the language on its website suggest it turns down lessors that approve of stacking among their own clients. Each company story appears to be considered based on the needs and potential of the business rather than its financial status.

Documentation Fees

No document processing fees are listed or discussed.

Origination Fees

36th Street Capital works with a variety of origination partners, so fee structures are likely to vary for the clients of these companies. No origination fee for the lender’s own services is listed.

Renewal Policy

Renewal for funding deals isn’t mentioned on the 36th Street Capital website, but it’s common for alternative lenders to provide renewal options, such as considering an application for additional funding once 50 percent of a loan has been paid off. Some lenders take a different approach and re-evaluate customers’ qualifications at the end of a loan’s terms to determine if they’re eligible for lower rates or a more generous payback period.

Since this lender’s customers consist of companies providing equipment to clients, renewal options may be a part of their lease agreements. In these cases, details would vary depending on the policies of the lessor. Equipment leases generally end with the lessee purchasing the equipment or entering into a new lease agreement in order to obtain an updated model.

Interest Forgiveness

Because information on interest or buy rates for 36th Street Capitals financial products is unavailable, companies seeking their unique type of funding must contact the lender for information regarding interest forgiveness. Interest rates and payment structures offered by lessors once a loan from 36th Street Capital has been obtained are dependent on the companies’ policies.

Alternative loan providers lending directly to businesses may offer discounts for paying off loans early or may do the opposite and charge a prepayment penalty. Those providing interest forgiveness allow companies to pay off the loan before the end of the terms without being under obligation to cover the cost of interest for the entire term period.

Loan Use

Funding from 36th Street Capital is meant to be used by lessors to provide equipment financing to their clients. The lender has designed its loan services to make it possible for companies to service high-risk industries without assuming too much of the risk themselves or having to turn away clients in need due to a lack of available assets.

36th Street Capital will back the following types of leases:

This allows its customers to provide a variety of lease options to their clients so that these businesses can continue to offer the high quality of service necessary to grow and have a second chance at success.

Common equipment types backed by 36th Street Capital’s loan products include:

By working with such a wide range of industries, this lender ensures companies providing diverse services have a chance to regain ground lost during times of financial hardship and move forward even after being rejected by other lenders.

Online Reputation

Neither 36th Street Capital nor its joint venture partner, Tennenbaum Capital, have any public feedback from clients at the time of this writing. Most of the available information on the lender is in the form of press releases and short articles discussing its lending activities. These details confirm the company’s ability to secure large loans for businesses in many industries and highlight its willingness to help lessees with imperfect credit histories or difficult financial circumstances.

Licenses & Accreditations

36th Street Capital is not currently licensed or accredited by any third parties. However, the lender has been featured several times on Monitor Daily and provides a list of press links on its website for those interested in learning more about its services.

Company Contacts Details

Phone number:


Key personnel:

Social media:


17 User Reviews

Liana Gibson

Jun 4, 2020 10:19 PM

36th offers 500,000 or more for business loans. So, not your normal small business lender, IMO. Thanks to the loan officer I talked to, who did not waste my time and made it clear in the beginning. Saved me a lot of time. Thanks


Doug Robertson

Jul 21, 2020 10:33 PM

Stumbled upon this company after googling working capital lenders for bad credit. Loan process was pretty standard and funding was relatively quick. I think it took about 4 business days. Ultimately, not sure if I'd recommend them or use them again for that matter.


Oceane McClure

Oct 7, 2020 8:56 PM

Certainly a great lender. Finally someone who offers bigger amounts and dares to offer more! Had a great experience. The rates could have been more reasonable but given they offer huge sums of money, it seems almost fair!


Linda Sawayn DVM

Jan 9, 2021 7:06 AM

Don't bother if you are a new business or have a small and limited credit history. It would be a waste of time. It was for me. If only they had told me in the beginning they were only interested in helping the bigger businesses!


Frida Leannon

Apr 9, 2021 4:14 PM

Good company! Despite offering big amounts of money for business loans, they certainly are very accommodating. My financial advisory firm has been in business for 2 decades and there certainly was a lot of documentation that was needed while I applied for the business loan. But they did not charge me a penny in terms of the documentation fee. However, their rate was almost shocking. So, that sort of squares the no documentation fee. So, yeah, like many lenders and banks, 36th street has its pros and cons but overall a fine company to work with!


Levi Stamm

Jun 19, 2021 2:35 PM

My partner and I needed a merchant cash advance for my restaurant in Austin. We had big plans for the company and hence needed a big business loan. After being in the business for a decade and half, we were looking to expand our business in another location as well, given the great customer feedback and increasing client retention rate too. Expanding to a new location, meant a lof of work, from getting a new place to hiring the entire staff for 5hat place, managing their payroll and so so much more. Mainstream banks were out of question, they were simply too demanding, not to mention, highly expensive. We were searching for the right lender who dealt with bigger and older businesses and someone who offered long term business loans. 36th Street Capital was just the lender we needed. We were not expecting them to deliver so soon - in just 4 days. But the payment got delayed due to some sort of a disagreement. We were very satisfied with this loan, the only things bugging us is their repayment schedule, which is decided on a weekly basis. We would have preferred a monthly repayment cycle. Who knows how long would it take for the new restaurant to start generating dependable revenues. We are negotiating for more flexible repayment terms not depending on the current revenue projections from our already established business and they said they would look into the matter and see if this can work. We have good expectations so far but fingers crossed.


Reanna Fahey

Jun 20, 2021 11:40 PM

: I would say don't expect much from them on this. The reason they only offer bigger amounts is that they mostly work with bigger and established businesses who are capable of repaying them with ease. If you are reluctant and not satisfied with the repayment terms, I say you try somewhere else, maybe get two or more loans from different lenders and making that work for you. For me, I needed a business loan for my retail store but the loan term was not enough compared to the amount I had applied for. I tried asking for a longer term but they refused saying it would not be in the best interest of the lender. Fine with me. I withdrew my application and looked elsewhere. Currently I'm half way through one business loan from Cardiff and now I have applied for another loan at Marlin. Let's see how it goes. So far, I'm confident his would work!


Levi Stamm

Jun 20, 2021 5:41 PM

Wow! You are juggling between two loans, that must be quite challenging. Looks like I have to take the weekly payback term and put my confidence in future prospects that so far seem pretty promising. How is taking two business loans working for you, by the way?


Reanna Fahey

Jun 20, 2021 11:38 AM

it's challenging, yes but I'm confident I can manage it. I have the money I needed and I can pay them back simultaneously almost. One business loan is halfway through so it wouldn't be too difficult when the first loan is done with. I have more time to repay the lenders, which was not what 36th was giving me.


Levi Stamm

Jun 20, 2021 11:30 AM

So, I have accepted the business loan offer and the capital is in my account. Time to get to work and make this work how so ever I have to.


Reanna Fahey

Jul 21, 2021 2:37 PM

oh all right! I really hope this works for you and the lender cooperates with you, but I have low expectations. Wish you all the best anyway!


Levi Stamm

Jul 28, 2021 11:53 AM

Thanks man! Good luck to you too


Connor Quitzon

Jul 15, 2021 8:28 AM

Despite parting ways in a friendly manner after realizing they only offered 500k or more, the lender kept sending its marketing campaign emails and messages my way. Called me a couple of times too. It got annoying then. I told them I had already withdrew an application because I was looking for a rather smaller business line of credit. The calls stopped, thank God but the emails kept spaming. Highly disappointed. They should at least have a system where people could unsubscribe from receiving their promotional and marketing email. That is, if they do not have enough staff to take care of that too.


Amely Hansen

Jul 16, 2021 12:51 PM

I faced this problem too. But I called them and requested to speak to someone in charge. After a couple of questions, they did. I requested the guy, who I must add was very nice and professional, to stop sending me these emails or texts or any sort of marketing content. He apologized for the inconvenience caused and promised to remove my contact information from their campaign databases or something. I thanked him, half believing what he said. But to my surprise, the issue resolved. I no longer receive any annoying emails or texts. You should try that too! P.S. would give them a 3 star rating for excellent customer service.


Connor Quitzon

Jul 16, 2021 2:46 PM

Is it really that straightforward?? I would definitely give it a try ASAP.


Amely Hansen

Jul 17, 2021 9:57 AM

it is, yes! Thank me later, hehe!


Connor Quitzon

Jul 19, 2021 10:28 PM

It did work! Thank you for your help! Good riddance.