Frequently Asked Questions


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XPRS Capital, LLC is a technology-driven small business lender. We provide small business loans of $5,000 to $500,000 to businesses operating in over 100 industries. At XPRS, we understand the challenges of growing and building a business. To that end, we are constantly innovating ways to get you access to capital quickly, efficiently, and affordably.
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Because all of our customers have unique businesses situations, there really is no “typical” loan. However, our loans range from $5,000 to $500,000 and have terms of 3 to 24 months.
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The cost of an XPRS loan varies based on the cash flow of your business. On average, for a $10,000 business loan, you may pay $1,000 – $2,000 over 6 to 12 months. Depending on the cash flow profile of your business, an XPRS Loan Specialist will be more than happy to find a solution that best fits your needs.
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XPRS is a technology-driven platform, and so our systems are built to minimize unnecessary paperwork and avoid the hassle of mailing documents back and forth. If you have all of your business documentation ready, XPRS can provide funding in as quickly as 1 business day from start to finish. An example could be:
Day 1: Complete all application requirements. Day 1: XPRS provides a loan decision in minutes. Day 1: All loan documents signed and executed. Day 1-2: XPRS provides funding.
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Our customers use XPRS loans for a variety business needs: to finance working capital, purchase equipment, build inventory, incremental marketing and advertising expenses, hiring/training new staff ahead of a seasonal peak period, and many others. Unfortunately, XPRS does not extend loans that will be used, in part or whole, for any consumer, personal, family, or household purpose(s).
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Your business must have:
  • At least 6 months of operations.
  • At least $100,000 in annualized revenue.
  • Funding requirement of at least $5,000.
  • A business entity that is a corporation (C- or S-corps), an LLC (limited liability company), or a partnership (LP, LLP, GP).
  • Operations based in the U.S.
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    We welcome any healthy business applicants to apply for XPRS small business loans. Traditional banks often require a long list of documentation that has very little to do with the health of your business. Traditional banks also have unnecessarily stringent requirements and rigid loan terms.
    This is where XPRS excels. Our loan application process is simple; the entire process can be paperless. XPRS also focuses on the health of your business and how responsible you are as a business owner, instead of focusing solely on your personal credit score, as most traditional banks do.
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    XPRS uses daily or weekly Automated Clearing House (ACH) payments, which are made directly from your business account on a business day that is not a federal bank holiday. XPRS uses daily or weekly payments to help you manage and smooth out your cash flow, so that you are not surprised and overburdened with other large-ticket bills at the end of the month.
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    We at XPRS know that a healthy business is a healthy business, regardless of the owners’ personal credit score. As such, our XPRS Loan Specialists really focus on the cash flow of your business and less so on personal credit. If you are a responsible business owner and can manage your daily cash flow well, you should consider XPRS loans.
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    In order to start a loan application, we typically ask for:
  • Business information.
  • Business owner information.
  • Business bank statements (prior 3 months).
  • Credit card statements or Merchant Transaction Reports (prior 3 months).
  • Previous year tax returns, if filed.
  • Social security number of principal business owner(s).

  • Once approved for a loan, XPRS may ask for additional documents (for example, your business license or certificate of formation) to verify the identities of the business and its principal owners.
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    XPRS loans are true business loans. XPRS loan payments are made in daily or weekly fixed payments from your business bank account, whereas merchant cash advances take a portion of your future revenues, sometimes before you even see customer receipts deposited into your business bank account. Merchant cash advances are not reported to credit agencies.
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    XPRS extends business loans to over 100 industries. Our customers can be restaurants, retailers, medical practices, auto repair shops, franchises, contractors, and many others.
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