Bottom line: This online service specializes in equipment financing with options for fair credit business owners. But with limited information available on its website, it’s difficult to compare with other similar providers. Read our full review or get our 30-second take.
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Currency Finance Review: Fast, Low Max Equipment Loans
Currency business loans isn't available on Finder right now.
- Min. Amount
- $5,000
- Max. Amount
- $500,000
- APR
- 7% to 20%
Our verdict
Access a network of lending partners through this online service to finance your next commercial equipment purchase.
CurrencyFinance is a financial technology company that connects business owners with lenders that offer equipment financing. It also provides aircraft financing through its CurrencyAir division. You can borrow up to 72 — possibly as soon as the same day — with loan terms extending as long as six years. And you may not have to come up with a down payment. But the maximum loan amount could be too low for some firms, and the requirements to qualify may edge out newer businesses or those without decent credit. Plus, the rates and fees aren’t clearly stated, so you need to apply to find out how much a loan might cost.
Best for: Established businesses with fair credit that want to compare multiple equipment financing options.
Pros
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Same-day funding possible
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Accepts 625+ credit scores
-
Loan terms up to 72 months
Cons
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Not suitable for startups
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Rates and fees unclear
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Max $500,000 loan amount
Details
Product details
| Min. Amount | $5,000 |
| Max. Amount | $500,000 |
| Loan term | 24 to 72 months |
| Min. Credit Score | 625 |
| APR | 7% to 20% |
| Requirements | 625+ personal credit score, 2+ years in business, commercial credit history |
Is CurrencyFinance legit?
Yes, CurrencyFinance is a legitimate lending marketplace that has served more than 200,000 businesses in the US and Canada. It’s accredited by the Better Business Bureau (BBB) and has an A+ rating.
CurrencyFinance is licensed as a loan broker under the name Express Tech-Financing — in the states that require it. You can find a list of licenses on the CurrencyFinance website. Or, look up the license through the department that regulates businesses in your state.
But it doesn’t issue loans itself, so look into the provider CurrencyFinance connects you with before signing your loan contract.
What makes CurrencyFinance shine?
CurrencyFinance is one of the few companies that specializes in connecting borrowers with equipment financing lenders. As an added bonus, it has partnerships with a number of equipment dealers, so you could potentially find the equipment you need and financing all on the same site.
Plus, as an online business lender connection service, it can often help get your loan approved and funded faster than traditional banks, depending on your circumstances. Many businesses could qualify for same-day financing — though it may take longer to receive your equipment.
CurrencyFinance also boasts strong reviews, where customers mention its representatives by name and highlight their responsiveness, professionalism and dedication.
Where CurrencyFinance falls short
One issue is that Currency’s standard business loans max out at $500,000, which may not meet the needs of some businesses. For example, other marketplaces, such as Lendio, offer equipment financing up to $5 million — and only require a 500 personal credit score.
Currency also doesn’t provide much information about its partners and their fees on its website — some of which may charge origination fees or prepayment penalties, for instance. You’ll need to complete an application to learn more about your options and how much a loan will cost.
CurrencyFinance equipment loan details
| Minimum credit score/credit range | 625+ |
| APR | 7% to 20% |
| Loan amounts | Up to $500,000 |
| Terms | Up to 72 months |
| Approval turnaround | Typically 1-2 business days; funding in 2-3 business days. |
| Availability | Available in all states and Canada |
| Fees | Varies by lender |
| Other fees | Not stated |
CurrencyFinance contact info
| Phone number | 844-724-7376 |
| Customer service hours | Weekdays: 8 a.m. to 5 p.m. MT |
| None listed (use online contact form) | |
| X, formerly Twitter | @GoCurrency |
| N/A |
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How to qualify for CurrencyFinance
CurrencyFinance requires you to meet a few basic criteria to use its services.
- At least two years in business
- Personal credit score of 625 or higher
- Commercial credit history
Like most business lenders and connection services, CurrencyFinance also requires owners with a 20% stake in the company to meet credit requirements and cosign the loan.
And while you must have a business credit history, CurrencyFinance doesn’t specify a minimum business credit score — only a personal one.
How to apply
Follow these steps to apply for financing:
- Visit Currency’s site and select Apply today.
- Provide information about the type of equipment needed.
- Enter personal contact details and information about your business.
- Submit the application and wait for a response.
CurrencyFinance doesn’t disclose how long it typically takes to receive funding. Instead, it states it reaches out as soon as possible. But approval times can vary depending on the type of financing requested, if it needs additional documentation and whether the application is completed during or after business hours.
How CurrencyFinance compares to other lenders
1 - 5 of 5
What is the Finder Score?
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To provide a Score, we compare like-for-like loans. So if you're comparing the best business loans for startups loans, you can see how each business loan stacks up against other business loans with the same borrower type, rate type and repayment type.
CurrencyFinance reviews and complaints/h3>
| BBB accredited | Yes |
|---|---|
| BBB rating | A+ |
| BBB customer reviews | 3.03 out of 5 stars, based on 62 customer reviews |
| Trustpilot Score | 4.2 out of 5 stars, based on 298 customer reviews |
| Customer reviews verified as of | 03 January 2025 |
CurrencyFinance has mixed reviews on the Better Business Bureau (BBB), with satisfied customers citing a quick and easy application process and fast approval. But most of the poor reviews say they filled out the application and never got a response. Other complaints include poor communication and high rates.
On Trustpilot, most customers were very happy with the process and praised their loan representatives by name. However, a common complaint is that while the application and approval process are fast, the funding process to complete the purchase was slower than expected, causing some frustration.
What do people on Reddit say?
Frequently asked questions
Does CurrencyFinance do a hard pull on your credit?
You can prequalify for CurrencyFinance with a soft credit check that won’t impact your credit. If you proceed with an offer, the lender will typically perform a hard credit check.
Does CurrencyFinance offer other types of business loans?
Maybe. On its website, CurrencyFinance says it also offers working capital loans, but it doesn’t disclose any details. You can use its online contact form to learn more about other types of business funding before you apply.
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