It is no brainer that no business can survive for long without utilizing credit in some form. Debt is a double edged sword which can work for you or against you depending upon the way you use it. Axis Capital Funding is a popular firm which does its best to help small businesses navigate around the common hurdles of the day to day transactions.
The goal of this firm is to provide different types of credit facilities to struggling businesses. Concept of this platform isn’t exactly something new and note that they are not BBB accredited. The number of sketchy and fake loan companies on the internet is going up higher day by day.
So, to protect yourself from any kind of threat, it is absolutely necessary to conduct proper research about the firms you are interested in before submitting any kind of sensitive information to them.
Needless to say, it is almost impossible to recover from identity theft and the process of reversing the damage to the credit score is daunting. In other words, take precautionary steps and to know the details of this platform’s core model, read till the very end.
Axis Capital Funding Introduction
This firm is not as transparent as the majority of their counterparts. For starters, the information about the people on the administrative side including key members and founders are nowhere to be found. They don’t have social media presence and according to some user reviews, they have allegedly hired offshore non-native english speakers.
At first glance, the traits found are indeed concerning, but at the time of writing this review, we couldn’t find any solid evidence to back up any speculation. So, we cannot comment anything about the complaints against them just yet. On the bright side, their policies are reasonable and the interest rates they charge is decent.
The time window they provide also ranges upto 10 years which is more than enough. All the contact information is found on their platform and additionally they have quick processing time as well. All in all, due to their legal status and non-existent customer reviews, it is better to never let your guard down when you are on their platform.
How does Axis Capital Funding Work?
The way Axis Capital Funding works is very similar to any other loan companies out there. Basically, they assess the health of a business, provide them with cash flow or other financial assistance and pick up certain percentage of the grant amount as commissions. To simplify things further, they are all incentivised from something called a financing turn and that’s how pretty much the entire sector works?
From the customer’s perspective, they don’t have to worry about getting in touch with them for consultation as it will not affect their credit score in any way. However, before signing any document, get advice on the specific case from licensed professionals and never make an impulsive decision with them.
While they claim to offer best interests, don’t forget to take a look around and chances are you might find a sweeter deal. As soon as they have all your details, an account manager will get in touch with you to customize the contract terms and if it is mutually beneficial, there is nothing to complain about. Don’t forget to read all the fine details and if you ever get an ounce of doubt, then get it clarified as soon as possible.
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Types of Products Offered
There is no one size fits all in business, right? The needs of organisations differ from one to another depending upon the sector they are in. For example, if you are in the field of transport, then equipment financing might be more important to you than line of credit and vice-versa for banks.
Regardless of your needs, one thing is clear and that is for things to operate smoothly at some level debt becomes a basic component. Due to the pandemic, several businesses got shattered and according to many sources on the internet, it is estimated that more than 60% of the small scale businesses will be shut down permanently.
With everything that’s going on, the sting financially isn’t something which will fade soon for a lot of people. So, to ease yourself into the reality of the situation, choose the appropriate category. If you have any doubts, then feel free to comment below and we will do our best to get back to you at the earliest.
Working Capital – The major challenge faced by most firms during the last few months is securing capital to ensure proper smooth functioning of the businesses. Though, the economy was doing bad and companies all around the country still had to pay their employees, right? This platform offers upto $500,000 loans and all the loans are unsecured.
Lines of Credit – If you ever ran a business, then we are pretty sure that you are familiar with the line of credit facility. Institutions that make a lot of transactions need a mechanism which enables them to send and receive funds at a moment’s notice.
The perfect solution to the need is addressed by line of credit. Using this feature, firms can take on new commitments, jump on new opportunities, etc,. Process of withdrawing the funds is also made simple and everything can be done by just clicking a few buttons once your account is verified.
Equipment Financing – Small scale firms often experience a huge pinch when they have to buy new equipment. If you are in the field of construction or manufacturing, then you already are familiar with the huge price tags the machineries carry. To help firms tackle the problem, this platform offers them assistance and the payback period ranges from 12 months to 120 months.
In case if you are wondering, know that applying for a callback or submitting an application on their website will not affect your credit score. They haven’t mentioned the exact processing time required by them, but in general it is said to be around 24 hours.
On their official website, all of the details regarding their offices, telephones and emails are put up. If you need a quick answer to any of your queries, then you can reach them via any method you want in between Monday to Friday 07:00 AM to 04:00 PM IST. Contact information is as follows.
- Address – 620 Newport Center Dr. Newport Beach, CA (800) 515-2540 ext. 5
- Phone – (800) 515-2540
- Email – email@example.com
Axis Capital Funding claims to have helped thousands of businesses over the years. On their homepage, they boast of loaning more than 2 Billion dollars since their inception. However, when we tried to cross check the information presented on their platform, we couldn’t find any supporting evidence. Moreover, we couldn’t find any user feedback about them.
Clearly, something is not matching in their narrative and that is a scary thing which shouldn’t be ignored. Until and unless they provide clear proof to back up their statements, it is not worth your time to proceed with them. If all of their statements could be verified, then we would have happily recommended this service to our audience, but as that is not the case, you should be extremely cautious while dealing with them.
For any reason, if you have already filled up the application and are facing any kind of trouble because of them, then feel free to get in touch with us. Fill the short contact form on our website and let our experts run the detailed assessment for you. Also, don’t forget to share your story with us and our community in the comment’s thread.
Axis Capital Funding Review Verdict
Most of the things about Axis Capital Funding sound good in theory. However, when it comes to the real world, they don’t have enough credibility yet. Moreover, their statements appear to be way too exaggerated. So, evaluate your actions carefully if you want to proceed with them or you can simply avoid interacting with them and save yourselves from any possible hassles present.
What is your take on Axis Capital Funding? Do you like their policies and business model? Comment your thoughts below.
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