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Uncapped Review: Expert Analysis & User Insights for 2024
If you run an ecommerce business and are in need of capital, Uncapped can give you the funding you need to accelerate growth and keep your business moving. Uncapped offers both fixed-term loans and revenue-based financing, allowing you to choose which works best for your business.
No minimum credit score required
Loan Amount up to $10 million
Repayment 3 to 24 months
Written by:Lindsay Frankel
Reviewed by: Sarah Brooks, Personal Finance Writer and Editor
Fact Checked by: Dr. JeFreda R. Brown, Financial Expert
Expert Reviewer Verdict
With Uncapped revenue-based financing, you repay the funds as a percentage of your sales. This prevents defaulting during periods when revenue slows. Their fixed-term small business loans give you the full amount upfront with fixed repayment terms.
Uncapped is ideal for established ecommerce businesses with an online model that make at least $10,000 in monthly revenue. If your business sounds like a fit, read on. In this review, our team of expert reviewers has thoroughly analyzed and evaluated Uncapped small business loans. We will share our findings and provide our expert recommendations on whether Uncapped small business loans are worth considering.
Uncapped User Reviews
Uncapped is a new company and reviews about the lender are limited. While Uncapped currently has a 4.2 out of 5 star review on Trustpilot, that’s an average across only 10 reviews. Most customers had positive things to say about the lender.
For example, one customer wrote, “Uncapped has enabled me to grow my webshop. Great staff who provide prompt and adequate service. 10/10 would recommend!” However, one customer complained of poor communication from customer service.
| The positive reviews are related to | The negative reviews are related to |
| Quick and easy application process | Incompetent staff |
| Prompt and adequate customer service | Poor communication |
| Practical loan product | Not the cheapest financing option |
Summarized Ratings
USER REVIEWS4.2
LOAN FEATURES4
INTEREST RATES AND FEES4.8
QUALIFICATION REQUIREMENTS4.5
Application Process4
Customer Support2
PERKS AND BONUS5
This parameter considers the scores achieved from independent user review sites, such as Trustpilot. Ideally, each platform’s rating reflects scores from three distinct user review sites. However, this isn’t always possible. Ultimately, the various scores were aggregated and averaged to establish an overall user reviews score.
Uncapped has a peer leading User Reviews rating of 4.9, which is reflective of the independent user reviews posted on Trustpilot.
What is Uncapped?
Uncapped was founded in 2019 and has helped fund more than 500 businesses in 18 different countries. They are an alternative to traditional forms of financing - such as small business loans and venture capital. Instead, they offer funding through a revenue-shared agreement. Uncapped doesn’t charge interest rates, but rather charges a flat fee with repayments based on monthly revenues.
Uncapped is ideal for established businesses with an online model that make at least $10,000 in monthly revenue. If your business sounds like a fit, read on. You can learn about how funding from Uncapped works and how much it costs, as well as the unique benefits the lender provides.
Uncapped Pros and Cons
Uncapped Pros
Uncapped Cons
Uncapped Interest Rates and Fees
Fixed-Term Loan
Uncapped doesn’t charge any hidden costs on its fixed-term loans. Those include origination fees, prepayment fees, late fees, and maintenance fees. Instead of an interest rate, Uncapped charges a flat fee on its capital that ranges from 2% to 12% of the principal.
| Origination Fees | None |
| Prepayment Fees | None |
| Late Payment Fees | None |
| Maintenance Fees | None |
| Interest Rates | None |
| Fixed Fee | 2% to 12% |
Revenue-Based Financing
Revenue-based financing from Uncapped doesn’t come with any hidden costs, either. You’ll pay a flat fee between 2% and 12% of the loan amount, but you won’t have to worry about compounding interest, late fees, origination fees, or prepayment penalties.
| Origination Fees | None |
| Prepayment Fees | None |
| Late Payment Fees | None |
| Maintenance Fees | None |
| Interest Rates | None |
| Fixed Fee | 2% to 12% |
Uncapped Qualification Requirements
Fixed-Term Loans and Revenue-Based Financing
The qualifications for fixed-term loans and revenue-based financing from Uncapped are similar. You’ll need to be a business with an online model, such as direct-to-consumer, SaaS, subscription, mobile app, or ecommerce. More than 40% of your payments must be processed online. Sole proprietors don’t qualify, and neither do businesses based in California. Additionally, fixed-term loans aren’t available in North Dakota, South Dakota, or Vermont.
Uncapped doesn’t have a minimum credit score requirement, but your business will need to bring in at least $10,000 in average revenue per month. You’ll also need to be established with six months in business — startup capital isn’t available from Uncapped. If you’re unsure if your business qualifies, you can take a brief survey to find out if you’re eligible.
| Minimum Credit Score | None |
| Minimum Annual Revenue | $120,000 |
| Minimum Time in Business | 6 months |
Is your business a start-up? Check out these best loans for startups
Uncapped Loan Application Process
You’ll start by signing up for an account with your full name, email address, and chosen password. You’ll then verify your account with your mobile phone.
Written by: Lindsay Frankel
Lindsay began freelance writing full-time in 2018 and has written hundreds of personal finance articles for a variety of publications, including Investopedia and NextAdvisor. She specializes in covering loans, credit cards, insurance, and other financial topics.
More about meReviewed by: Sarah Brooks
Sarah Brooks is a personal finance writer and editor with more than 10 years of experience. She specializes in personal and business loans, mortgages, auto loans, and credit cards.
More about meFact checked by: Dr. JeFreda R. Brown
Dr. JeFreda R. Brown is more than a financial consultant: she’s an avid teacher and subject matter expert who helps people—individuals and groups in a business setting—master the skills they need to achieve lasting financial wellbeing. As Founder and CEO of Xaris Financial Enterprises, it is her passion and life goal...
More about me