BriteCap FinancialReviews of britecap.com

So far my experience is ok...Paul seems like a nice enough salesman but I was misled from what the loan entailed being a credit card processing company to having to send in my paid for compliance good machine to them to hold....am grateful for the loan but time will tell if I regret this dicission or not....

I am a small business owner and have been absolutely 'taken care of' by Scott who has bent over backwards to make sure I was a happy customer...it is because of him that I stuck with forward line.

I was looking to extend my credit to prepare for a more robust 3rd and 4th quarter and forwardline made it easy and I think at a fair price. Definitely better than if I had maxed out a credit card to do this.

I received an email stating that my business met their criteria and they were offering me an "exclusive, short-term opportunity: a business loan from ForwardLine at the unbeatable price of as low as 8.99% fixed-fee. So I called to ask for an example. I was told that for a $100,000 loan, their best rate was for 6 months term, with daily equal payments via ACH (automatic debit from a Bank account) only on business days, with total repayment between $109,589.00 and $113,611.00. I wasn't told how would they choose between the lowest and the highest repayment. If you draw a chart of the amount owed, you would start at $100,000 the day you receive the loan and end up at zero the day after the last payment. So you could consider that on average you received a loan of $50,000. If the total interest paid is $9,589 and $13,611, then the interest paid for the 6 month loan is between 19% and 27%, which annualized is 42% to 62%. This is a simplified way of calculating interest but illustrates more or less how much are you really paying. I don't blame this or any Company offering this type of loans for charging such a high interest, considering that they don't ask for any collateral and are a good alternative to Banks. As a matter of fact, I have received similar offers in the past and the real annual interest paid was much higher. And, whenever a business needs short term cash and there's no way to get a Bank loan, it is still a good alternative. Even with the high interest, many business can still pay it if it helps them survive a low season or an unexpected expense. I only wish they (and all other similar companies) could be more straightforward and mention the real APR when they make offers to potential customers. Update in response to the Company's reply on 5/22: I don't think an APR calculation would "confuse" the Customers. It would just enlighten them. I don't think it is wrong to charge an APR of 100% or 1000%, as long as the Customer is aware of what he/she is really paying. I do think that the real APR should be visible and mentioned upfront.

Lonnie was great!!! We had a hard time switching over!!

Very friendly customer service. Had money in account in less than one week. Not a lot of unnecessary documentation. Would highly recommend.

When I needed a short term loan to get through a slow season, ForwardLine came through. The process was so simple and fast. Everyone I dealt with was extremely helpful, friendly and easy to work with. My funding was quick and at a much better rate than anyone else I spoke to. Many thanks to Melissa, Rob and Lonnie for making this such a great experience. Highly recommend!

This was a very professional group that delivered exactly what they promised. Friendly, professional and easy to deal woth. No hidden fees.