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1West Finance operates in the financial industry, offering a variety of lending solutions aimed at meeting the diverse needs of businesses.
This organization provides access to capital through an array of loan products designed to support businesses at different stages of growth and with varying financial requirements. The company’s approach to lending is characterized by an emphasis on flexibility and a goal to accommodate a broad spectrum of business needs, ranging from immediate cash flow solutions to long-term financing strategies.

The services offered by 1West Finance include but are not limited to, traditional term loans, lines of credit, equipment financing, and merchant cash advances. According to the company, each financial product is tailored to suit specific business scenarios, ensuring that companies can find a fitting solution regardless of their current financial situation or objectives.
Continue reading for a 1WestFinance review from National Business Capital, a market leader in business financing.
1West Finance: Company Overview
1West Finance provides a wide array of loan products tailored to meet a variety of business needs through a 50+ lender marketplace, including:
- Unsecured Working Capital
- Real Estate Financing
- SBA Loans
- A/R Financing
- Lines of Credit
- Equipment Financing
The company focuses heavily on the speed and accessibility of its financing. Clients can apply on their website or text (888) 881-9378 (WEST), where they’ll either receive a phone call or an automated response from their Automated Business Lending Engine (ABLE) system, which assists clients outside of normal business hours. 1West boasts a 24 – 72 hour timeline between application and funding for its client base.
Still, it’s worth noting that 1West Finance isn’t a direct lender. Instead, they’re a broker who refers their clients to their relationships, which makes it difficult to answer interest rate and average term questions.
How 1West Finance Works
Much like other FinTech companies in the lending space, 1West Finance has a streamlined, 3-step application process. However, it offers a more automated service than other providers.
- Apply: Businesses can apply to 1West Finance online or by calling their phone number. After filling out their form, the application goes through their Automated Business Lending Engine (ABLE), which returns an approval or denial shortly after using their lending algorithm.
- Review: Through a 50+ lender marketplace, 1West Finance claims that their lending relationships “battle for your business.” The reality of this process isn’t clear, but it seems that the company provides loan options to qualified borrowers for them to choose from.
- Funding: 1West Finance boasts an expedited loan disbursement process. After approval, the company says that clients receive funds within 24 hours.
It’s worth noting that 1West Finance’s application process can come with some challenges. According to online reviews, some less qualified borrowers have received an approval upon submitting an application, only to have it revoked hours or days later.
The automated process, while fast and efficient, also leaves some clients wondering where to turn when they have questions. Although 1West Finance has a contact number labeled clearly on its website, some clients have encountered communication difficulties when trying to get in touch with the marketplace.
Type of Financing Available Through 1West Finance
1West Finance caters to a variety of business financing needs with its comprehensive portfolio of loan programs. Each program is designed to meet specific financial requirements, helping businesses leverage opportunities and overcome challenges. Below is a detailed look at the services offered:
Unsecured Working Capital
Offers businesses access to capital without the need for collateral, with early payoff discounts, according to 1West Finance. This type of financing is ideal for companies seeking quick funds to cover short-term operational costs like payroll, inventory purchases, or unexpected expenses.
- Funding Amount: $5,000 to $1,000,000
- Repayment Term: 2 to 24 months
- Interest Rate: “As low as 18%”
- Application to Funding: 48 hours
Real Estate Financing
Tailored for businesses looking to purchase, refinance, or develop commercial properties. This includes loans for office buildings, retail spaces, warehouses, and other types of commercial real estate.
- Funding Amount: $100,000 to $20,000,000
- Repayment Term: 6 to 60 months
- Interest Rate: “As low as 6%”
- Application to Funding: 2-3 weeks
SBA Loans
As a part of the Small Business Administration’s programs, these loans offer favorable interest rates and extended terms. They are ideal for various purposes, including start-up costs, expansion, and equipment purchases.
- Funding Amount: $30,000 to $5,000,000
- Repayment Term: 10 to 25 years
- Interest Rate: “As low as 5.75%”
- Application to Funding: 3 months*
*It’s important to note that almost all SBA loans come with at least a 90-day processing period unless working with a specialized Debt Advisory group, like National Business Capital
A/R Financing (Accounts Receivable Financing)
Allows businesses to receive immediate funds based on their outstanding invoices. This solution helps improve cash flow by providing immediate access to capital tied up in unpaid invoices.
- Funding Amount: $10,000 to $10,000,000
- Repayment Term: No minimum
- Interest Rate: “As low as 5%”
- Application to Funding: 2 weeks
Lines of Credit
Provides businesses with a flexible funding solution, allowing them to draw funds up to a certain limit as needed and only pay interest on the amount used. Suitable for managing cash flow and financing short-term needs.
- Funding Amount: $5,000 to $500,000
- Repayment Term: 3 to 24 months
- Interest Rate: “As low as 6%”
- Application to Funding: 48 hours
Equipment Financing
Dedicated to helping businesses finance the purchase of new or used equipment. This option enables companies to keep up-to-date with the latest machinery and technology without a significant upfront investment.
- Funding Amount: $10,000 to $5,000,000
- Repayment Term: 5 to 60 months
- Interest Rate: “As low as 7%”
- Application to Funding: 1 week
1West Finance’s online messaging emphasizes customizability and responsiveness, claiming that each business can find a financing solution that precisely fits its needs and circumstances.
How to Qualify for Funding with 1West Finance
From unsecured working capital to lines of credit, 1West Finance’s loan products each come with different eligibility criteria. Let’s explore how they compare:
Type of Financing | Minimum Qualification | Required Documentation |
---|---|---|
Unsecured Working Capital | 500 FICO credit score3+ months in business$5,000 gross monthly sales | Business applicationLast 3 months of business bank statements |
Real Estate Financing | 500 minimum FICO credit score Two years of business tax returns $% down payment**It’s unclear what % down payment is required for 1West Finance’s Real Estate Financing | 1003 applicationPersonal financial statementReal estate schedule2 years of business tax returns |
SBA Loans | 650 minimum FICO credit score3+ Years in businessReal estate collateral for loans above $350,000 | Last 6 months of business bank StatementsBusiness debt schedule2 years of business tax returnsInterim YTD financials (profit & loss statement & balance sheet) |
A/R Financing (Accounts Receivable Financing) | No minimum FICO score required2+ Years in businessStable or growing business income | Business debt schedule2 years of business tax returnsAccounts receivable reportInterim YTD financials (profit & loss statement & balance sheet) |
Lines of Credit | Three months in business500 minimum FICO score10k minimum monthly gross sales | Business application6 months of business Bank statementsDirect connection through online banking |
Equipment Financing | 550 minimum FICO score1+ Years in business10k minimum monthly gross sales | Business applicationLast 6 months of business bank statementsEquipment invoiceMost recent business tax return |
Keep in mind, though, that the above criteria are merely the minimum qualifications to work with 1West Finance. Businesses seeking higher dollar amounts or more competitive terms will need to exceed these criteria to reach their goals.
1West Finance Reviews and Client Testimonials
With 170 reviews and a 4.6-star overall rating on Trustpilot, a large majority of businesses that work with 1West Finance have positive things to say about their experience. Some of the most common points across their 5-star reviews include:
- Friendly loan officers
- Fast, efficient process
- Expedited funding disbursement
- Information provided by the 1West team
However, some of their lesser-rated reviews focus on communication challenges and suddenly revoked approvals. It’s worth noting that the company has responded to these negative reviews.
1West Finance: Pros and Cons
1West Finance offers speed, accessibility to capital, and a wide variety of loan options for prospective clients to apply for. Still, there are some drawbacks that businesses should consider.
Pros | Pros |
---|---|
Diverse Financing Solutions: 1West Finance offers a wide range of financial products, including unsecured working capital, real estate financing, SBA loans, A/R financing, lines of credit, and equipment financing.Quick and Efficient Process: One of the standout features of 1West Finance is the swift application and funding process. Many businesses appreciate the rapid turnaround, with funds often available within a few business days following approval.High Approval Rates: Thanks to their broad network of lenders and understanding of various business sectors, 1West Finance boasts high approval rates. | Ambiguous Interest Rates and Fees: As with many lenders, interest rates and fees can vary widely depending on the specific financial product, the borrower’s creditworthiness, and market conditions. 1West makes it a bit more complex by referring your application to one of their many partners, all of which have different lending criteria.Lower Funding Amounts than Competitors: 1West’s financing unsecured programs extend up to $1MM in capital, which is significantly lower than other lenders in the space.Challenged Communication: 1West Finance’s automated process sacrifices customer service for speed and efficiency, which isn’t what every business wants. |
There’s no “best” lender for every business; The right option for you will depend on your business’s financial background, the amount you’re seeking, and your goals, among many other factors. It’s important for all businesses to explore all of the options available to them before making a decision.
Apply to 1West Finance and More with National Business Capital
Deciding between 1West Finance and other lending organizations isn’t always a straightforward decision. You’ll need to compare the approvals from 1West Finance against other approvals, which require multiple applications and a ton of time. For businesses seeking an easier, more convenient avenue to explore the offers they qualify for, consider National Business Capital, a Debt Advisory Group.
National Business Capital maintains a diverse lender platform, much larger than 1West Finance, developed over two decades of fantastic relationships. Clients apply once, receive multiple options, then work with their dedicated Business Finance Advisor to personalize their terms.
We work on any timeline, no matter how tight the turnaround, and aim to form a long-term relationship that streamlines access to future capital. Complete our easy application today to get started!