FastPay Small Business Loans Review

Rating: 8.9 / 10 (Excellent)
Disclosure: We receive advertising revenue from this partner. 
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FastPay is a California-based company founded in 2009 with the aim of providing financing to digital media businesses in the United States and the United Kingdom. FastPay is directly integrated with accounting software providers, bank account monitoring, and numerous media revenue dashboards to facilitate onboarding and financial data sharing.

How is FastPay rated?


Loan Options
Application Process
Rates & Fees

Overall Rating: 8.9 / 10 (Excellent)

FastPay is a good choice for digital media companies, such as app developers or online publishers. It is particularly well suited to startups that can't qualify for any other traditional loans. All they require is a very low credit score and unpaid invoices. Once FastPay verifies the invoices, 70% of the amount can be delivered in as little as 2 days. However, the company only works with digital media entities, repayment must come within 4 months, and APRs are high.

Loan Options

Available Loan Types

SBA Loans
Term Loans
Lines of Credit
Invoice Financing
Merchant Cash Advances
Equipment Loans

Invoice Financing

Min Loan Amount
Max Loan Amount
Loan Amount
Up to 70% of the Account Receivable
Repayment Terms
Payment plus interest fees are collected by the lender once the company is paid by its clients.

Loan Options - 8.9 / 10

FastPay is an online lender that provides invoice financing services, but only for businesses in the digital media industry. The company can forward as much as 70% of the outstanding invoices, for up to $100,000. The remaining amount is then paid when the client pays the invoice. This usually translates into a term usually four months or less. The service is ideal, but only for a specific type of tech business that has many outstanding invoices with long payment times.

FastPay Rates & Fees

Invoice Financing


Rates & Fees - 8.8 / 10

FastPay charges a flat 3% monthly fee. Since the terms are usually short, this could translate into a very high APR. However, APRs for short term, poor credit loan products like invoice financing and merchant cash advances customarily have high APRs. If the loaned amount is sure to create revenue quick, paying off the loan as fast as possible is the best course of action.

Application & Qualifications

Online Application
Approval Time
Get a decision in hours
Funding Time
As fast as 48 hours.

Application Process - 9 / 10

FastPay has a very quick approval time. Unlike other small business loans, the only qualification the company has into verify the prospective borrower's accounts receivable. Additionally a credit score of only 500 is required. There are no other qualifications. When applying, FastPay connects with the business bank account or financial management software in order to download and evaluate outstanding invoices. The company then quotes you an amount, and funding can be as quick as 48 hours.

FastPay Reputation

Customer Feedback

Date Collected

Reputation - 8.8 / 10

FastPay has no Trustpilot score or BBB accreditation. Additionally, there is not much in the way of customer reviews, making it difficult to evaluate the company's overall reputation.

Contact & Additional Information

Homepage URL
Company Phone
(844) 299-1540
Headquarters Address
8201 Beverly Blvd., Suite 600, Los Angeles, CA, 90048
Year Founded

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Top Rated
Our Partner
9.6 / 10
  • Our #1 Choice: A+ BBB Rating - 9.4 of 10 on TrustPilot
  • Largest Small Business Online Lender - 50k+ Customers
  • Loans up to $500k, and Lines of Credit up to $100k
  • Decision in minutes - no obligation
  • Funding in as fast as 24 hours
  • Must have 100k in revenue, minimum 12 mo in business, 500+ Fico