Uplyft Capital Reviews - Financial Lender Pros & Cons

sarah-klein writer
By Sarah Klein
Updated September 16, 2020
Editor's Rating
Lender and Broker
Customer Rating 24 Reviews

Since 2012, Uplyft Capital has financed small businesses with merchant cash advance funding. Leveraging technology, Uplyft Capital’s application and approval process is straightforward and user friendly. The cost of financing is transparent, and the lender’s tiered system gets applicants the loan amounts and terms that best suit their need.

Types of loans
Merchant cash advance (MCA)
Loan amounts
$10,000 to $500,000
Terms of payment
3 to 12 months
  • Transparent factor rates
  • Excellent customer support
  • Good for applicants with less than stellar credit
  • Fast and easy application and approval process
  • Rates can be high
  • Additional fees apply
  • Businesses with less than $120,000 in yearly revenue do not qualify

Company Profile

As an MCA provider, Uplyft Capital differs from traditional bank lenders. Rather than making regular monthly payments plus interest, businesses that get financing from Uplyft Capital repay the amount with a percentage of sales revenue over the contract term.

Because of this structure, the application and approval process is easier that with other types of lenders or with backs. For applicants with poor credit profiles, this is a big advantage. Along with easy application come quick delivery. Uplyft Capital processes, approves, and deposits funds swiftly ensuring that businesses have access to funds when they need them and without hassle.

Small businesses encounter numerous expenses that require temporary working capital. An MCA from Uplyft Capital can fund growth or bridge gaps to cover regular operational costs such as payroll.

Credit Policy

For businesses that need cash fast or do not qualify for bank loans, MCAs are a powerful alternative. SInce funds are repaid from future revenue, Uplyft Capital is less concerned with borrower’s credit health than with business earnings. This means that applicants with low credit scores are still eligible, in fact Uplyft Capital claims to approve 90% of applicants. While the criteria for approval are very lenient, businesses will need to have the following in order to be considered:

  • In business for at least 6 months
  • Maintain a minimum of $10,000 in monthly revenue
  • At least three monthly deposits
  • Record of no more than 7 non sufficient fund incidences
  • For businesses that meet these requirements, Uplyft Capital is a good option for small businesses looking for capital to scale but that have been turned down by banks or other lenders.


    Uplyft Capital calculates financing amounts and terms based on business details such as cash flow, transaction volume, and other factors. Uplyft Capital also lets applicants access funds even if they already have active financing. This is called stacking. Even merchants with poor credit ratings can apply for financing and may even have a judgment or lien amounting to up to 10% of gross sales and will still be funded.

    Cautionary Industries

    Businesses across most industries will be able to secure funding from Uplyft Capital, including those considered high risk by traditional lenders and banks. By providing an alternative financing solution for businesses that may not have the liquidity or credit health necessary for an unsecured loan. Even alternative lenders frequently have limitations on the industries that they serve, but at Uplyft Capital businesses will be considered for financing regardless of sector.

    Target Market

    Many small businesses struggle to secure working capital to cover the cost of expansion or to fund temporary gaps in cash flow or large one-time expenses. Because of poor credit history and other stringencies, these businesses won’t qualify for traditional loans. In addition, loans from traditional lending institutions can take time to process and approve. For a small business that needs the money sooner rather than later, a merchant cash advance from Uplyft Capital is a viable alternative.

    Uplyft Capital focuses on industries with irregular cash flow that need working capital to purchase or repair equipment, hire staff, move or upgrade locations, or cover other business expenses. The industries Uplyft Capital serves are:

    Term Length

    The term length to repay a merchant cash advance from Uplyft Capital will be between 3-12 months.

    What’s Required to Apply

    Uplyft Capital delivers an easy, seamless, and fast online application and approval process. To be considered for financing merchants need only submit a signed application form and at least three months of most recent bank statements. Included in the application are a number of fields requesting business and individual applicant information, including:

  • Business name
  • Business address and other contact details
  • Ownership percentage
  • Federal tax ID
  • Industry
  • Business start date
  • Requested loan amount
  • Business revenue
  • Details about any open cash advances or other financing
  • Uplyft Capital claims to have a 90% approval ratio, so most businesses that apply can be confident that they will secure financing. Applicants can expect a funding decision the same day as application and funds can be deposited in the borrower’s account within as little as 24 hours.

    Factor Rates

    Merchant cash advance programs do not carry typical interest rates. Instead, financing is repaid with a fixed cost called a factor rate that is set for the duration of the contract. The factor rate on MCAs from Uplyft Capital range from 1.17 to 1.31.


    UpLyft Capital will approve businesses that have additional loans or funding, including businesses with a lien or judgement up to 10% of their revenue. Stacking financing can mean higher repayment amounts and fees.

    Documentation Fees

    Uplyft Capital does not charge any fee for receiving application documents.

    Origination Fees

    Uplyft Capital charges an origination fee that covers the cost of handling and approving financing. Businesses that qualify for and accept an offer from Uplyft Capital will pay 3% of the amount for origination fees.

    Renewal Policy

    Businesses that have repaid at least 50% of the original amount are eligible to apply for financing renewal.

    Interest Forgiveness

    The structure of MCAs are turn-based and the cost is charged at a standard flat rate. No fees or penalties are involved in early repayment.

    Loan Use

    As long as borrowers are using the funds for business related expenses only, Uplyft does not restrict what funds are used for. Once businesses receive funds, these can be put towards:

    Online Reputation

    Uplyft Capital has a strong online presence and positive reputation. There are numerous positive reviews with many mentioning excellent custom support, ease of application process, and leniency of funding requirements.

    Trustpilot 4.6/5

    G+ 4.6/5

    Licenses & Accreditations

    This lender is accredited by the Better Business Bureau and has an A+ rating.

    Company Contacts Details

    Phone: 800-515-7513
    Fax: 888-345-6928


    23 User Reviews

    Imogene Welch

    Sep 21, 2020 8:41 PM

    My small liquor store in Manhattan suburbs owes a great deal to Uplyft Capital. They ensured a smooth business loan process. I worked with Lazaro on my business loan deal and he proved to be a great lending partner. Not only was he friendly and cooperative but also highly professional and honest. Everything was transparent and the whole application process did not take more than a day and I received the cash 24 hours after the application was approved. I am very happy and satisfied with Uplyft’s service.


    Amya Bergnaum DVM

    Sep 30, 2020 8:43 PM

    Scott has been a great representative of Uplyft Capital’s working capital loan deal. I was seeking a merchant cash advance of around $70K to $100K and Scott helped me find a deal best suitable for my business. I run a small pharmacy in Boston. The factor rate I got was pretty reasonable too and there was no documentation fee at all, although the origination fee of 3% did seem quite a lot but over all, my experience has been great and most credit goes to Scott who ensured a hassle-free application process.


    Julianne Brown

    Oct 6, 2020 4:00 PM

    I was not sure whether or not I should apply for a working capital loan with Uplyft Capital due to the mixed reviews I came across about the lender. I applied anyway and because they approved my business loan in no time and while my bank, with whom I have been a partner since some 4 to 5 years, declined my request for a business loan. I got funded in just 2 days and was able to keep cash flowing into my haircare and beauty salon. I will definitely recommend these people to my friends!


    Adeline Davis

    Oct 8, 2020 8:46 PM

    Hey there! I have been looking for a working capital loan myself and the reviews I read about Uplyft Capital have been positive so far but just reading your comment, I was wondering if you’d be able to help me. How long did the whole loan application process take? And also, did they served as your primary lender themselves or did they broker you to another lender for the business loan? Looking forward to hearing from you. I hope you reply. Thank you!


    Julianne Brown

    Oct 10, 2020 4:00 PM

    Hello!! I would be happy to help. My experience with Uplyft Capital has been very positive indeed. The whole application process took some 1 to 2 days and I received the credit the third day. And I got to them by chance. While I was searching for the best working capital loans for small businesses on Google, I came across this sponsored ad and I wouldn’t have clicked the ad as I don’t trust them but I did, just to check. And there, I started applying, The method seemed pretty straightforward. They were asking for some information and I kept filling. Now, as you asked if Uplyft Capital brokered me to some other lender, well that was not the case. But the platform I applied through, after they got all my information, they sent my data to a number of small business lenders. Long story short, Uplyft Capital made it to the end and offered me the business loan I was looking for. The rates were very, very reasonable. I got it at 1.19. Other than that the customer service was just impeccable


    Julianne Brown

    Oct 13, 2020 4:00 PM

    Oh, this seems like they were selling your information to affiliates. Am I right? Because this can be alarming. This happened to me once when my family was looking for a home mortgage, the lender we were working with, sold our information to affiliates and cost me a great deal on my personal credit. Is that the case with Uplyft too?


    Adeline Davis

    Oct 15, 2020 8:52 PM

    Well no. There were no hard inquiries made on my personal credit when I applied. I made sure of that before going ahead because something similar happened to me too back in 2000 and my credit score take a huge dip because of that and I was not going to let that happen this time. So, I made sure there were no hard inquiries into my business credit, only soft inquiries. And that is what happened. So, anyway, in my case I was lead to Uplyft via another platform but your could connect with them directly upon my word! They are not the cheapest in town but they were reasonable and they provide impeccable service! I would, hands down, work with them again!


    Julianne Brown

    Oct 18, 2020 8:54 PM

    Hey, thank you so much for your help. I have already applied for a merchant cash advance with Uplyft Capital. You were right, everything is pretty straightforward. They’ve connected me with Scot and so far, it’s going great! Thanks much, again!


    Adeline Davis

    Oct 20, 2020 8:56 PM

    Oh Scott! Although I had a different representative but I have heard about him though my business with Uplyft Capital and I have heard he’s a pretty cool and friendly guy! I really hope he could get you the best deal!


    Faustino Halvorson

    Oct 22, 2020 11:02 PM

    I used Uplyft Capital late last year (2019). Originally, the rep that I spoke with said that they were the lender. Ultimately, my daily payment loan was brokered to someone else. I think their name is Knight Funding or Knight Capital.


    Jaylin Langworth

    Nov 10, 2020 8:58 PM

    Not too good! In fact, not good at all. One time, you think you are working with this lender “UPLYFT CAPITAL” and after much documentation and passing through the application procedure, you find out that they have forwarded your information to an affiliate or whatever fancy name they wanna give them. This is highly irresponsible and untrustworthy. It felt like they throw you to another lender as if you are not worthy of their time and efforts. And also, it feels very insecure and shady as well. They moment they told me, they have brokered me to another lender and they will approve the business loan that I was looking for, I felt betrayed. I backed off. I will never work with them again!


    Catharine Considine

    Nov 12, 2020 9:00 PM

    Hey, calm down a little. It is not something unusual or wrong. This happens all the time. Happened to me too but I can still vouch for Uplyft’s credibility. In fact, I am glad they did what they did because I got a very good deal with Knight Capital and it worked for my retail company pretty well! But I understand you felt betrayed. Can you tell me what reason they gave you for brokering you to another company?


    Jaylin Langworth

    Nov 15, 2020 9:04 PM

    It may be a commonplace thing but I am new to this lending business and I already had a hard time trusting this lender after multiple applications got declined from other banks. I trusted them and they just shoved me somewhere else. They told me my credit history is not too promising. And then they asked to submit my application to another “suitable” lender. I was taken aback and just backed off.


    Catharine Considine

    Nov 18, 2020 9:05 PM

    It’s okay to be panicked but from what I understand, they brokered you to another lender best suited for your business and credit. And in my opinion, that is a good thing. Look at this way, instead of just declining your application, they are giving you another chance. How does that sound now?


    Jaylin Langworth

    Nov 23, 2020 9:07 PM

    You might be right but I’ve already found another lender and they offered me a business line of credit without brokering me to anyone else.


    Gertrude Feest

    Nov 24, 2020 8:59 PM

    Hey, calm down a little. It is not something unusual or wrong. This happens all the time. Happened to me too but I can still vouch for Uplyft’s credibility. In fact, I am glad they did what they did because I got a very good deal with Knight Capital and it worked for my retail company pretty well! But I understand you felt betrayed. Can you tell me what reason they gave you for brokering you to another company?


    Elliott Schuster

    Dec 9, 2020 9:07 PM

    The best small business lender out there. From customer service to delivery time, everything is just top-notch! I have recommended it to my friends in business and a couple of them have already applied for business loan deals with Uplyft Capital! Definitely a 5 star service!


    Shea Paucek

    Dec 16, 2020 9:08 PM

    This is my second time with this lender and it is always a pleasure working with them. I was able to finish my first business loan earlier than the decided term and they welcomed that with no penalties or fees. This type of policy is what helps retain clients. The current business loan I’m undergoing is halfway through and I am expecting a timely completion, not earlier this time but thank goodness, not late too. The only reason I did not give them a 5 star rating is that I was hoping they would cut down on the origination fee on my second loan but they didn’t. Other than that, I am grateful for their great service and would again use them and I hope they would lessen the origination fee then maybe? Haha!


    Enrico Predovic

    Dec 31, 2020 9:09 PM

    They deliver in just 24 hours! Quick service!


    Ora Bergnaum

    Jan 2, 2021 9:10 PM

    I was looking for a short-term business loan for my small Indian restaurant. Needed the working capital loan to restock my inventory and to take care of payroll of a couple of new hires as well. The loan proved very beneficial for my business. I just like the part where they charge you so much in terms of origination fee. I mean, I could have easily bought spices for a month or two with the origination fee that they charged me. But I am also glad about the no documentation fee part.


    David McKenzie

    Jan 11, 2021 9:11 PM

    Uplyft Capital not only gave me an opportunity to expand my distribution business with their business line of credit but also gave me the confidence and trust to keep growing in my field. With their business loan, I not only could expand the scope of my business but I could also pay merchants on time. Thank you!


    Jailyn Zemlak

    Feb 10, 2021 1:11 PM

    One word! Great! Great service. Great factor rates. Great delivery time. Great customer service. Great overall professionalism. Thank you so much! I am definitely looking forward to forming a long term relationship with Uplyft Capital!


    Tressa Robel

    Mar 3, 2021 7:11 PM

    It was nice working with Lazaro. He extended me the business loan that I needed! Thanks much!