Everlasting Capital Review

This review of Everlasting Capital should help you gain a better understanding of the company’s history, credibility, customer experiences as well as the loan products themselves.

Everlasting Capital review

Everlasting Capital Review in Numbers: 2022 Updated

💰 Loan Amount
$1,000 to $2,000,000
💸 Loan Term
2 to 18 months
Unsecured and secured
  • 650+ credit rating
  • Small or medium-sized business
  • Been in business 3 months or more
  • Bank statement deposits of at least $6,000/month
Client Reviews
🌐 Website:
🌝 Easy to Apply:
📃 Required:
  • 3 months of business bank statements
  • Invoice or quote for the equipment to be purchased
  • Basic information about owner(s) with a copy of ID
💳 Minimal Interest Rates
💌 Online Feedback:
4.5 / 5 Trust Score on TrustPilot
🏆 Awards and Recognition:
Ranked as the 10th fastest growing company in the Boston/Metro area in the US in 2017
Everlasting Capital Review Summary
  • Credibility - 85%
  • Client Reviews - 90%
  • Website - 92%
  • Compatibility - 100%

Editor's Conclusions

Whilst Everlasting Loans are yet to build up much of a reputation in the industry, the loan compatibility speaks for itself. From $1,000 to $2m is fantastic, as well as being unsecured and secured. The website isn’t perfect but is satisfactory, whilst the customer reviews are good but far from large in numbers.

Credibility & Company Story

How Everlasting Capital Started

Everlasting Capital was founded in 2012 with a mission to provide Working Capital to small and medium-sized businesses in the US. The company has seen quick growth ever since as in 2017 it got ranked the 323rd fastest-growing company in the country.  Everlasting Capital was co-founded by Will Murphy and Josh Feinberg.

Josh Feinberg has managed a number of companies in his career before becoming the co-founder as well as the CEO of Everlasting Capital Corporation. Will Murphy has become a serial entrepreneur after graduating from Plymouth State University. He founded or co-founded 4 businesses to date, including the Everlasting Capital.

Currently, the company has over 40 employees with the main office situated in Rochester, New Hampshire. Everlasting Capital is driven by the team’s enthusiasm to provide clients with outstanding customer experiences, innovative, world-class service, and creative financing solutions.

How did Everlasting Capital Grow its Presence in the Market?

Everlasting Capital began with Josh Feinberg taking a $3000 loan from a pawn shop owned by Will, claiming he will become a top firm in the US. Of course, Will believed him, and so they began working together.

Working out of a basement, Will was essentially cold calling potential leads trying to sell them on some equipment financing. They found the hiring process difficult, so they began to hire friends and family. As you can imagine, having a basement full of friends hardly worked…

Eventually, they moved to an office above a smoke shop in Downtown Rochester. As the loans funded grew, so did the employees, and in 2017, they were named on the 2017 INC 500 list.

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In Detail: What Everlasting Capital Does

Everlasting Capital reviewEverlasting Capital divides its products into a few categories. Most, if not all applications to the different loans will only take a few minutes. You’re likely to be approved within a few hours, and then funding would come in a few days (24 hours if you’re lucky).

Working capital loans

First and foremost, Everlasting Capital’s small business working capital loans is not a startup capital loan. It’s easily mistaken, seeing as you only need to have been in business for 3 months to be eligible — less than most other loan platforms. You are allowed to be a startup, it’s just the loan isn’t for your startup capital as you must already be generating $6,000 a month in bank deposits.

The working capital loans are essentially between $1,000 and $2,000,000 which is mighty versatile. The repayment term is between 2 and 18 months, making it ideal for short term financing. Though, one part of their website still claims the working capital loan is between 6 and 24 months – so be sure to double-check when applying. Interest rates start at 9.99%.

Everlasting Capital uses automatic daily payments, however. This sounds like they’re automated and on top of things, but it’s actually a real pain for your cash flow. Each day the company takes its cut automatically, you start to feel a bit like you’ve lost autonomy. This is also difficult when your cash flow comes in waves. It’s possible to negotiate weekly payments, however.

Reasons for getting this type of loan are outlined by Everlasting loans as purchasing inventory, equipment, temporary cash flow management, marketing, working capital supplementation.

Equipment financing

If you have specific needs for buying expensive equipment, the equipment financing option may be more suitable. These loans start at $500 and are designed to fund the purchase of restaurant equipment, computer hardware/software, POS terminals, construction equipment, and so on.

Loans can stretch for up to 60 months and for up to $2 million worth of equipment (though, on another page, they claim it is capped at $1.5 million, so be sure to check). To keep things simple, loans under $250,000 only require a one-page application, and again, a decision is made within a few hours.

Interest on these secured loans start at 5.99%, and monthly/quarterly/annual repayments can be agreed.

Credit determines the number of down payments made. Sometimes it can be 0 down payment, or it will be the first and last payment upfront, or perhaps a percentage of the total equipment cost.

Everlasting Capital isn’t very clear on the eligibility for such loans other than the working capital one. This is perhaps because these are more niche and company-specific. It’s thus worth your time in applying instead of merely researching because the application process is so easy.

Lastly, there are more alternatives too, such as Merchant Cash Advances and Cash Advance Consolidation.

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Everlasting Capital Business Loans Client Reviews

TrustPilot: 60 reviews, 88% ‘Excellent’, 8% ‘Great’ and only 3% ‘Bad’ — 4.5 / 5.

The Feedback:

Although there are not many reviews on Everlasting Capital, the existing ones are mostly very positive. Some of the examples from Trustilot include:

“They did exactly what they said they would do. They funded me very quickly when I needed them and at the end when I paid them off, it was an easy close. I definitely recommend them.”

“Everything was smooth and efficient from beginning to the end. Only negative issue was I wasn’t aware first payment would be on the same day funded.”

“Everlasting Capital has great customer service are quick and they know what their doing. I recommend them to anyone looking for their services.”

Analysis of Client Reviews:

Everlasting capital has extremely good reviews – 96% of all client comments were positive, saying that they were happy with how fast and easy applications get approved as well as how great the customer support is. However, with only 60 reviews on the company to date, this is not enough to be sure that Everlasting Capital is a legit and reliable business.

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Everlasting Capital Website Review

Everlasting Capital Website Review


The Everlasting website may not look as hip as some of its competitors, but don’t let that fool you. Despite being somewhat outdated, it’s a very pragmatic and functional website with good information. The two products they sell are under the “our programs” menu button, in which both pages are extremely clear, with no fluff — not even a sidebar.

There is a “Let’s Talk” pop up when first entering the site, but this can be helpful to some users. Something very unique about the website is its use of videos. Embedded in the home page is a video customer review, as well as a bunch of business-related video content. Overall, whilst there are lots of ways to improve the website from an aesthetic point of view, the user is left with good information to know more about the business. The FAQ page should be easier to find, though. There are also two instances of information not matching up, with one page stating X amount of loan available, and another page suggesting it’s Y amount (explain above).

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Everlasting Capital Loan Compatibility

StartUp: Very suitable, with only 3 months of trading required

Bad Credit: The requirement is 650+, which is relatively high

Sole Trader: Accepted

Established Business: loans of up to $2,000,000 are available, which is highly suitable for established businesses

Everlasting Capital Short Review

Everlasting Capital is somewhat of an underdog. They aren’t the most reputable company, because they have low customer reviews and are yet to have a strong presence in the market. However, the compatibility of the loan is good, with only 3 months trading required, though credit must be 650+. The biggest advantage to Everlasting Capital is the versatile loan product, that ranges from secured to unsecured, $1,000 to $2m, from 2 months to 18.

Submit an Expedited Application to Everlasting Capital the link below.

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