Currency; An illustrated graphic showing a person surrounded by colorful shapes and the word "CURRENCY" to the right.

Currency Finance Small Business Loans: 2025 Review

Q: Is Currency Finance a legitimate equipment financing lender?

Yes, Currency Finance is a legitimate fintech company that provides equipment financing options on its lending platform. More than 200,000 businesses have used the platform to receive funded loans, according to information on the Currency site.

Q: Does Currency conduct a credit check for equipment financing?

Currency conducts a soft pull on your personal credit report during the underwriting process to help verify your identity and prevent fraud. They may require a hard credit check before finalizing your loan application, which may impact your credit score. Currency may also check your business credit if you’re applying for commercial financing.

Q: What is equipment financing?

Equipment financing allows businesses to borrow funds to pay for major equipment purchases, and it may be structured as a loan or a lease. The funds may typically be used to pay for physical assets your company needs, such as vehicles, restaurant equipment, or office furniture, and with an equipment loan, borrowers would own the asset after making all of the payments. With an equipment lease, on the other hand, borrowers would return the equipment after the lease period ended, although it may be possible to renew the lease or purchase the asset to keep it in your company’s possession.

Check Your Rate

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Lauren WardUpdated September 10, 2026

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Through partner lenders, there are a variety of capital equipment financing options available with Currency Finance, including loans and leases. Eligible businesses may borrow up to $500,000 and enjoy relatively low credit score requirements. As a financial technology or fintech company, the Currency Finance platform promotes commercial and consumer lending.

Pros and Cons of Currency Finance

Pros	Cons
Quick online approval is available.	Loan options may change before a loan agreement is signed.
Commercial and consumer lending are supported.	Lenders may not provide financing options in all states.
Borrowers with bad credit may qualify.	Interest rates may be high.

Currency Finance Small Business Loan Rates, Terms, and Fees

Loan amounts: Up to $500,000

Loan repayment terms: Up to 72 months

Annual percentage rate (APR) range: Contingent upon your credit score and typically ranges from 7%-20%

Origination fee: Information unavailable

Minimum credit score: 600+ FICO® Score for commercial financing

Time to funding: Same-day financing available in certain cases

Above information accurate as of August 2026.

Other Lenders

Before choosing a lender, it may be helpful to weigh all of your available options, including bank term loans and SBA loans. Here are some other lenders to consider before making a decision:

Fundbox
Fundera
Bluevine

What Types of Loans Does Currency Finance Offer?

Currency Finance makes available a range of equipment financing solutions for small businesses. In addition to commercial financing, the platform also provides options for consumer financing solutions. You may borrow up to $500,000 with repayment terms of up to 72 months.

The structure of your loan or lease may vary depending on your needs, business financials, and credit profile. Borrowers with bad credit may qualify for financing.

Important to Keep in Mind

When taking out any type of financing for your business, it’s important to pay attention to all of the details and repayment terms that come along with the loan or lease. Here are a few things worth watching out for when working with Currency:

There’s no guarantee you’ll be matched with a lender.
Long-term business loans beyond 72 months may not be an option.
A lender’s options may include business loan fees.
Applicants should be at least 18 and reside in the United States or Canada.

Applying for a Currency Small Business Loan

You may apply for your Currency loan completely online. Customer reviews show that the process is generally quick and easy.

When you apply, Currency Finance conducts a soft pull on your personal credit to verify your identity and avoid fraud. Hard inquiries, which may affect credit scores, will potentially be conducted later in the process.

Eligibility Requirements

A down payment may not always be required to finance equipment with Currency, but putting money down could potentially help lower your monthly payment.

Other Currency Finance eligibility requirements include (but are not limited to):

A 600+ FICO Score for commercial financing
Two or more years time in business (TIB)

Repayment

You may provide Automated Clearing House (ACH) payment instructions after signing the financing contract electronically. This would automate your monthly payments. If you want to pay down your loan early, check your financing contract to see whether a prepayment penalty applies.

The Takeaway

Currency Finance may be a viable option for business owners who need fast equipment financing. At the same time, pay careful attention to the fees and repayment terms associated with your financing.

If you’re in need of a small business loan, Lantern by SoFi can help you find the right financing for your business. Just fill out a simple form and see today’s rates for small business loans.

Fast funding for your business: Loans up to $2 million.

Frequently Asked Questions

Is Currency Finance a legitimate equipment financing lender?

Does Currency conduct a credit check for equipment financing?

What is equipment financing?

About the Author

Lauren WardLauren Ward is a personal finance expert with nearly a decade of experience writing online content. Her work has appeared on websites such as MSN, Time, and Bankrate. Lauren writes on a variety of personal finance topics for SoFi, including credit and banking.

LNTSMB-Q326-001:

Small Business:

^SMB1Reference to “same day funding” or “funding within 24 hours” describes a general capability of many lenders you can reach through SoFi’s marketplace. Funding or funding timing is not guaranteed. Your experience with any lender will vary based on requirements of the lender and the loan you apply for. To determine the timing of funds availability, you must inquire directly with any lender. In addition, your access to any funds from a loan may be dependent on your bank's ability to clear a transfer and make funds available.