• ANNUAL REVENUE: $30,000
  • ORIGINATION FEE: Not specified
  • BORROWING: $5,000 – $750,000
  • FUNDING TIME: 3 Business Days

One Park Financial Reviews, Terms, Pros & Cons [2024 Update]

  • ANNUAL REVENUE: $30,000
  • ORIGINATION FEE: Not specified
  • BORROWING: $5,000 – $750,000
  • FUNDING TIME: 3 Business Days

Best For

Mid-sized Business


  • Simple and easy application process
  • Low credit score requirements
  • Quick funding process


  • Most of the lenders require frequent repayments
  • The factor rates can be high for those with bad credits

Funding and cash flow are two of the most essential elements for any business to operate smoothly, fight against the competition, and grow. While plenty of loans are available to help financially struggling businesses, choosing the right one is difficult, given their qualification requirements, fees, and repayment terms. One Park Financial has simplified the complex process of finding and acquiring a loan for small to mid-sized businesses. The positive One Park Financial reviews online speak volumes about the effectiveness of this platform.

What Is One Park Financial and What Does It Offer?

One Park Financial is a digital funding marketplace that connects small and mid-sized businesses with lenders. The company has partnered with more than 20 lenders to provide loans to business owners who either do not qualify or do not want to resort to traditional funding options.

Established in 2010, One Park Financial helps small to medium-sized businesses acquire $5,000 to $750,000 in as little as 72 hours. One Park Financial charges a professional service fee to borrowers once they have received the loan. They, however, do not mention the amount of this fee anywhere on their website. While the company works with all US states, it is currently not accepting new applications from California. One Park Financial also works with businesses based in Puerto Rico.

This review article is going to cover all the information that businesses need to know if they want to use One Park Financial. You will learn about the application process, qualification terms and conditions, pricing and repayment, and pros and cons. The article will also provide One Park Financial reviews by existing clients as well as address some of the most frequently asked questions about the platform.

One Park Financial Borrower Requirements & Terms

Since One Park Financial works with different lenders, there is no fixed set of qualification terms and requirements for borrowers. They vary across lenders. However, in general, the platform is known to help businesses find funding, even if they have been turned down by other loan providers for a bad credit score, bankruptcies, etc.

To give you an idea, here’s an overview of the qualification terms most lenders on One Park Financial have:

Feature Data
Minimum time in business 3 months
Credit score required 450
Monthly revenue required $25,00 (for businesses in all states except California)
Borrowing amounts range $5,000 – $750,000
Borrowing fee One Park Financial doesn’t specify the amount on the website
Origination fee Not specified – charged from lenders
Funding time 3 business days (at least)
Location requirements Anywhere in the US except California
Bankruptcies No active bankruptcies
Eligible industries Most of the industries are eligible
Personal loan guarantee required Not required (for most programs)
Collateral Not required (for most programs)
APR Different for different types of loans and lenders

Although One Park Financial provides sufficient information for borrowers on its website, they are general guidelines for the lending process. Since the platform has multiple lenders, it doesn’t offer exact information about the terms and conditions, interest rate and other charges, required documents, and repayment. To gain detailed information about lenders, potential borrowers need to undergo pre-qualification by submitting an application to One Park Financial.

How to Apply for a Business Loan With One Park Financial?

One Park Financial has a short, simple, and quick application process. Check out the steps:

  • Visit www.oneparkfinancial.com and click on the Get Funded Now button on the banner image.
  • It will take you to a new webpage where you will be asked to register on the platform by providing your name, email address, and phone number. You are also asked if your business is up and running or not i.e. you are planning to start one. In view of COVID-19, borrowers are also asked how the pandemic has affected their business.
  • Once you register with One Park Financial, you will be provided the application form. It only requires basic business information and takes five minutes or so to complete.
  • On the basis of that information, the system will shortlist the funding options that meet your needs. This process is called pre-qualification.
  • In addition to providing you with a list of options, One Park Financial also connects you with an expert lending consultant from its team. The expert will work with you to review all available options and will help you choose the right product for your business.
  • Submit the application for the selected product and you’ll receive funds in your bank account in three business days (72 hours). The consultant will also help you with the application process.

Pricing & Repayment

Since One Park Financial is a funding marketplace, the fees and repayment terms can vary depending on who you work with and what type of loan you seek. The fees and repayment terms can also vary according to the industry you operate in, the time you have been working for, gross income or revenue, and credit score.

One Park Financial’s lenders do not charge interest on business loans. Instead, they have a factor rate.

The platform also charges service and an origination fee on every secured loan. However, the origination fee is not charged from the borrowers – the lenders have to pay it to One Park Financial on every client they secured through the platform. Borrowers, on the other hand, have to pay the service charges to One Park Financial after receiving a loan. While the platform claims to offer loans at low rates, it doesn’t disclose how much exactly borrowers and lenders have to pay in terms of service and origination fees.

How Does Repayment Works?

While the repayment terms can vary for different types of loans, most lenders of One Park Financial require frequents repayments. The repayments can be required daily or weekly and they are typically pulled directly from the borrower’s business account through automated clearing house (ACH) withdrawals.

The repayment period ranges from 3 to 18 months for merchant cash, and 6 to 18 months for other types of loans, on average.

Pros Cons
Funding options are available for startups as well – there are certain qualification requirements though Charges a service fee from all clients that secure a loan through the platform
Simple and easy application process The service fee isn’t disclosed on the website
Quick funding process One Park Financial isn’t accepting new applications from businesses based in California
No collateral required The minimum monthly revenue is a lot higher for existing Californian clients than those from other states
Available in 49 states plus Puerto Rico Most of the lenders require frequent repayments
Provides expert guidance throughout the selection and application process The factor rates can be high for those with bad credits
Low revenue requirements

One Park Financial Loan Reviews

During the 10 years of its operation, One Park Financial has helped plenty of small to mid-sized businesses meet their financial needs. Due to its simple and streamlined application process, quick processing time, and efficient service, the platform has earned a lot of praise from different sectors. One Park Financial customer reviews and ratings on different review websites are largely positive, and that speaks volumes about their services. The website has an A+ rating on BBB, a 4.4 rating on Trustpilot with 77% of the reviewers rating the platform as excellent, a 4.1 rating on Google, and even a 4.2 rating on Glassdoor.

One Park Financial Alternatives

One Park Financial vs Lendio

Both are loan-matching platforms, with a few factors that set both of them apart. Lendio has more than 300 business lenders on board whereas One Park Financial only has over 20 partners. Also, unlike One Park Financial, Lendio doesn’t charge service any service fee and is totally free to use. The platform also has a higher credit limit, up to $500,000, and offers long-term financing options.

The qualification requirements of Lendio, however, are higher than those of One Park Financial. On average, the platform requires the borrowers to have a credit score of 550 and $10,000 monthly revenue. The business should also be operational for at least six months. The requirements for equipment financing are even more stringent. Lendio also takes more time in application processing than One Park Financial.


While One Park Financial has some downsides, it’s a great platform for those who have been unable to secure business loans from other sources. The platform works with lenders that have lower credit requirements and less stringent policies. You don’t need to have high monthly revenue and can even secure a loan if you had bankruptcies in the past (you shouldn’t have any active bankruptcy though). You also don’t need to provide a personal guarantee or collateral to get a loan.

Since the platform has multiple lenders, it is recommended to carefully review the policies, requirements, and terms of the lender you have shortlisted before applying for a loan. Also, make sure to take into account the fees of One Park Financial as they do not disclose them on their website.


Can my business get a loan if I have an active bankruptcy?

While you can get a loan through One Park Financial if you have had, you should not have any active bankruptcy.

What industries are ineligible to get a business loan?

Almost all industries are eligible for One Park Financial business loans.

What is the customer service availability?

One Park Financial offers customer support via telephone on email. Although the platform does not offer a live chat option, we didn’t find user complaints about their customer service. The website also has a dedicated FAQ page, and is available in both English and Spanish. One Park Financial also offers expert guidance to each borrower throughout the selection and application process.

Will an eligibility check impact my credit score?

No. One Park Financial only uses a soft credit pull to find relevant options for you. This neither affects your credit score nor shows up in your credit history as an inquiry.

Who is One Park Financial business loan best for?

Any small to mid-sized business based anywhere in the US, except California, or Puerto Rico that need funding.

Does One Park Financial report to credit bureaus?

One Park Financial doesn’t report to credit bureaus because it’s not a direct lender. However, certain lenders it works with may do this, so it’s best to check with the specific lender.

Is there a professional service fee?

One Park Financial does charge a service fee from borrowers, after they have successfully acquired a loan through them. However, the amount of fee isn’t disclosed on the website – it’s only revealed after submitting an application.

What is the One Park Financial BBB rating? Is it accredited?

One Park Financial has been accredited with the Better Business Bureau since 2018 and has an A+ rating on the platform. One Park Financial reviews are largely positive on all review websites.


I am a curiosity-driven creature searching for answers — and questions — in the digital realm. From marketing through online business creation to software tools — I am fascinated by everything that can make life easier. When not looking for meaning, yoga and good food keep me grounded.