Matrix Business Capital Working Capital Review

Anne Miller

Anne Miller

Senior Author

Anne Miller

Senior Author

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Matrix Business Capital Working Capital ReviewWhen it comes to starting a business, a small-business could mean and work wonders for an owner. Sometimes, these working capital loans offer owners a cushion to get their business off the ground. Keep in mind, equipment and other business expenses can be costly. This is where Matrix Business Capital comes into play. This asset-based financial company could be the perfect company for your specific needs.

PROS

Matrix Business Capital is a great company for companies that are seeking equipment financing or leasing. The company does not require as significant of a deposit as other companies may ask for such service.

CONS

Matrix Business Capital has received a wealth of negative feedback regarding their communication and business practices. Those who have chosen to work with this company have claimed paying non- refundable deposits before any contracts. Following payment, Matrix Business Capital is claimed to be unresponsive, making the experience seem like a scam.

Loan and Lender Information

Matrix Business Capital is financial lending company that originally opened in 2006. With over 11 years of experience, Matrix has become a well known financial institution for small businesses in California, and around the US.  The company offers a wealth of services for small businesses in the following sectors:

  • Medical Equipment
  • Construction
  • IT Equipment and Software
  • Fitness
  • Restaurants
  • POS Systems

Depending on your very specific needs, Matrix Business capital can help provide the capital needed to finance or lease the equipment needed to launch your company to the next level.

Rates and Fees

At Matrix Business Capital, there are four different lending options for you. With that being said, each option will have varying rates and fees. While Matrix Business Capital is transparent about their programs, services, and past-clients, there is not a wealth of information referring to their rates and fees. However, the following is what is available:

Types of Loans:

  • Full Documentation Program – With is a loan giving an applicant full access to the funds upon acceptance. These loans are designed for companies in the tier of $20,000-$5,000,000.
  • Master Line of Credit – This is considered a lease line of credit, also giving applicants immediate access to their funds. Like the Full Documentation Program, Master Line of Credit programs require a minimum of $20,000-$5,000,000
  • Equipment Finance Agreement – This loan is specifically designed to help companies pay for their equipment. EFA loans are normally between $10,000 and $5,000,000.
  • Software Lease – Software leases provide companies to purchase software between $10,000-$500,000, which includes all aspects of software, including training, installation, and service.

Application Process

Applying for Matrix Business Capital is easy and should only take a few minutes of your time. All you need to do is visit www.matrixbusinesscapital.com and refer to their online form or application section. Be sure to read as much information on their website before applying. After you send over your information to Matrix, you should hear back from a representative regarding the next steps and financial options. You do not need to be a native resident of California in order to apply for assistance.

Verdict

Matrix Business Capital is a notable small business loan company that has built a reputation over the past 11 in one of the most competitive and most heated industries.  With that being said, while Matrix Business may offer decent services – there is a large number of past clients who proclaim Matrix Business Capital a scam or waste of time. In other words, the risk is at your digression.

Anne Miller


Anne is a Senior Author for SBL. She began her career as an independent consultant for local businesses after graduating with a BA in Management. Since that time, she’s expanded to writing as well as consulting to spread helpful knowledge to small business owners across the country.

 

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