1West Review (2025)
We spent 17 hours researching and reviewing 1West. Then we put it all together in this analysis to help you choose the right business loan solution based on your needs.
The goal of 1West is to connect applicants with loan providers in its network.
| Feature | 1West |
|---|---|
| Loan broker | Yes |
| Loan type | Business loans |
| Loan amount | $5,000 – 20M |
| Loan term | 2 months – 25 years |
| APR | Varies by product |
| Interest rate | Min 5% |
| Min. credit score | Not specified |
| Monthly fees | Varies by product |
| Time to receive loan | 24-72 hours |
| Weekend pay-out | No |
| Requirements | Completed Application 3 Months of Business Bank Statements $5,000 in monthly revenue 3 Months in Business |
Pros & Cons of 1West
This list should only be a starting point for your evaluation. Keep in mind that only you can decide what pros or cons have the biggest impact in your specific financial situation.
Fast funding within 24-72 hours, so you can address urgent business needs without delays
Minimal business history required (just 3 months in business), making it accessible for newer ventures
High maximum loan amounts of over $20 millions, allowing for significant business expansion opportunities
Simple application process that reduces paperwork hassle, saving you time to focus on your business
Flexible loan terms from 2 months to 25 years, so you can choose what works best for your cash flow
Various financing options beyond traditional loans, including equipment financing and lines of credit
Cutting-edge ABLE platform combines automation with expert support
Choice of self-service platform or dedicated advisor support
Pros
Interest rates can be higher than traditional banks for businesses with less-than-perfect credit
Minimum monthly revenue requirement of $5,000 may exclude very small or seasonal businesses
Limited transparency on their website about specific fees before application
Some financing options may have shorter repayment terms
Con
Who is 1West for?
1West caters primarily to small businesses looking for quick access to capital. Their products are particularly well-suited for businesses that need fast funding for growth opportunities, equipment purchases, or working capital needs.
Requirements you must fulfill
To qualify for financing with 1West, you’ll need to:
- Be in business for at least 3 months
- Generate at least $5,000 in monthly revenue
- Provide 3 months of business bank statements
Unlike many traditional lenders, 1West doesn’t prominently advertise a minimum credit score requirement. This suggests they may be open to working with businesses across a range of credit profiles.
1West is best for…
1West is best for newer businesses that struggle to qualify for traditional bank loans but need substantial funding. Their quick approval process makes them ideal for business owners who face time-sensitive opportunities or challenges and need capital within days rather than weeks.
They’re particularly valuable for businesses with strong revenue but limited credit history or time in business, as they focus more on cash flow than traditional lending criteria.
1West is not for you if…
1West is not for you if you’re looking for the absolute lowest interest rates on the market. Traditional banks might offer better rates if you have excellent credit and can wait through their lengthy approval processes.
Very small businesses making less than $5,000 monthly will find it difficult to qualify. Also, if you prefer face-to-face interactions with your lender, 1West’s primarily online application process may not satisfy your preferences.
How To Apply
Steps
Complete the online application
Fill out basic information about your business, including how long you’ve been operating, monthly revenue, and the amount of funding you need.
Submit required documentation
Upload at least 3 months of business bank statements and any other requested documents through their secure portal.
Receive your funding offer
After review, a 1West funding specialist will contact you with available options, typically within 24 hours.
Once you accept an offer, sign the agreement electronically, and funds can be deposited into your account in as little as 24-72 hours.
Consider this before applying
Before applying, review your business cash flow to ensure you can comfortably meet repayment terms. Have your business financial documents organized to speed up the process. Also, understand that while 1West offers quick funding, faster financing often comes at a slightly higher cost than traditional bank loans, so consider if the timing advantage justifies potentially higher rates.
Business Loans Available Through 1West
1West offers various business financing products, each with its own structure. While they don’t publish a comprehensive fee schedule on their website, here’s what we’ve gathered about their offers:
| Financing Type | Interest Rates | Amount | Term Length |
|---|---|---|---|
| Unsecured Working Capital | Starting at 18% | $5K-$1M | 2-24 months |
| Equipment Financing | Starting at 7% | $10K-$5M | 5-60 months |
| Real Estate Financing | Starting at 6% | $100K-$20M | 6-60 months |
| Lines of Credit | Starting at 6% | 3-24 months | 3-24 months |
| SBA Loans | Starting at 5.75% | $30K-$5M | 10-25 years |
| Accounts Receivable Financing | Starting at 5% | $10K-$10M | no minimum |
The actual rates you’ll qualify for depend on your business’s financial health, time in business, credit score, and the specific loan product. For the most accurate information, you’ll need to complete an application and receive a customized quote.
Is 1West Right for Your Business?
1West shines as a flexible business financing solution that prioritizes speed and accessibility over the stringent requirements of traditional banks. Their approach focuses on your business’s actual performance rather than just credit history, opening doors for growing companies that need capital quickly.
The ability to fund within 24-72 hours puts 1West ahead of competitors when time-sensitive opportunities arise. While their rates may be higher than traditional banks for the most qualified borrowers, they provide a valuable service by filling the gap for businesses that need substantial capital but don’t meet conventional lending criteria.
If you’ve been in business for at least 3 months, generate steady revenue, and need funding quickly without excessive paperwork, 1West deserves serious consideration.
Frequently Asked Questions About 1West
Is 1West legit?
Yes, 1West is a legitimate business financing company based in New York. They work with a network of lenders to provide various financing solutions and have helped thousands of businesses obtain capital.
How quickly can I get funded through 1West?
1West can provide funding in as little as 24-72 hours after approval. Their streamlined application process and minimal documentation requirements enable them to make quick decisions and expedite the funding process for businesses needing fast capital.
What types of business financing does 1West offer?
1West through its network offers a variety of financing options including equipment financing, lines of credit, SBA loans, and accounts receivable financing. This diverse portfolio allows them to match businesses with the most appropriate funding solution.
What credit score do I need to qualify for financing with 1West?
1West does not specify a minimum credit score requirement. Each lender in its network may apply different rules. 1West indicates that also business owners with a less than optimal credit score can apply for a loan through their platform.
How much can I borrow from 1West?
1West offers financing from $5,000 to over $20 millions, depending on your business’s qualifications, revenue, and specific needs. The maximum amount you can receive is typically determined by your monthly revenue and the ability to repay.
Can startups get financing through 1West?
While not technically for startups in their earliest stages, 1West requires only 3 months in business, making them much more accessible to newer businesses than traditional lenders that often require 2+ years of operation. As long as your business meets the $5,000 monthly revenue requirement, you may qualify even as a relatively new company.
Disclaimers
- All funding subject to credit approval and standard underwriting criteria
- Business loans provided through third-party lender network
- Rates and terms determined by:
- Time in business
- Annual revenue
- Business type and industry
- Bank account balances
- Business owner(s) credit profile
- Additional underwriting factors may apply
