One Park Financial Review
The company’s lending network can provide working capital to small & medium-sized businesses despite bankruptcies, tax liens, or poor credit scores.
One Park Financial

Total Rating | 3.5 |
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Terms & Fees | Fair |
Application Process | Excellent |
Sales & Advertising Transparency | Good |
Customer Service | Excellent |
Reviews | Excellent |
Pros
- Financing is available for qualified startups
- Low credit score requirements
- No collateral required
- The application process is fast and easy
Cons
- Financing isn’t available in some states
- Rates can be expensive
- Some additional fees charged
- Repayments are required frequently
One Park Financial Overview
One Park Financial isn’t a direct lender. Instead, the company has teamed with over 20 lending partners to provide funding opportunities to business owners who don’t qualify for traditional loan options. The company’s lending network can provide you with the working capital you need despite bankruptcies, tax liens, or poor credit scores. One Park Financial also focuses on getting businesses working capital quickly by prequalifying them in just minutes and disbursing funds in as little as 72 hours. Documentation and borrower requirements are minimal to qualify for funding.
One Park Financial offers multiple working capital options but primarily advertises revenue-based funding. This type of funding is also known as a merchant cash advance. While qualifying for this product is easy, daily repayments, short terms, and expensive rates and fees are among the downsides. However, if you’re unable to qualify for other types of funding, this may be one of the only working capital options available to you.
Keep reading to learn more about One Park Financial to determine if this business funding is right for your business.
Table of Contents
Services Offered
Merchant Cash Advances
One Park Financial offers merchant cash advances through its partnership with 20 funders. A merchant cash advance is not technically a loan. Instead, the funder will buy a percentage of your future credit card profits for a lump sum. Then it collects those payments by taking a percentage of your daily card-based sales until the terms of the advance have been fulfilled.
Borrower Qualifications
One Park Financial has a network of lenders that can help many small- and medium-sized businesses get the funding they need, even if other lenders have turned them down. Businesses with past credit challenges or bankruptcies and new businesses may qualify for funding.
Time In Business | 3 months |
Credit Score | 500 |
Revenue | $7,500/month |
For most loan programs, you must have been in business for at least three months. Your business should also bring in at least $7,500 in gross monthly revenue. Your personal credit score should be at least 500, which shouldn’t be difficult. While personal credit is considered during underwriting, One Park Financial works with lenders that consider other factors, such as the strength of your business.
Funding is available to businesses in 49 states without restrictions. One Park currently is not accepting brand new applications from California-based businesses, but if you’re already a customer, the company will continue working with you.
Most funding programs don’t require personal or business collateral. You can still receive funding if you have a tax lien, a past foreclosure, or a closed bankruptcy case. However, an open bankruptcy case may prevent you from getting approved for funding.
If you’re unsure that you meet all the requirements, you can reach a funding expert by phone to discuss your situation and learn about available funding programs.
One Park Financial Terms & Fees
Through One Park Financial’s network of lenders, you can receive between $5,000 and $500,000 to use for any business purpose. Because One Park Financial works with over 20 funders, terms and fees vary.
Borrowing Amount | $5,000-$500,000 |
Term Length | 4-12 months |
Interest Rate | Varies by lender |
Collateral | Not required for most products |
Terms & Fees
Most products have repayment terms between four and 12 months. Your rates and fees are based on a number of factors, including past earnings, time in business, your industry, and the lender you work with. One Park Financial’s network offers products that usually have a factor rate instead of an interest rate. Payments are typically made daily or weekly through ACH withdrawals from your business checking account.
You may get charged an origination fee based on the financial product you’re approved to receive, although One Park Financial does not specify the fee amount. You’ll also be charged a professional service fee after receiving funding. Again, One Park Financial does not disclose the amount of this fee.
After you’ve prequalified for a loan, you’ll work with a funding expert to evaluate the options available to you. While One Park Financial does advertise “low competitive rates,” its interest rates, fees, and APRs are not disclosed prior to applying.
Prepayment Penalties
One of the things we try to note here is whether the funder in question charges prepayment penalties if you pay off your advance early. Since interest is frontloaded with MCAs, you’re effectively paying a higher APR if you pay it off early. Some funders account for this by offering discounts to customers who pay off their balance early. One Park Financial states that some of its funders provide such discounts and that most do not have prepayment penalties, so it’s not entirely clear what options will be available to you.
Application Process
Step 1: Apply Online
Applying for a loan through One Park Financial is simple. While you can apply by contacting a funding expert by phone, the fastest way is to fill out a simple online application. The one-page application for prequalification takes just five minutes or less to complete; it requires minimal information, such as your business name, the date your business was started, the estimated gross monthly sales, and your contact information.
Step 2: Speak With A Funding Expert
Once you’ve submitted your application, you’ll be connected with a funding expert who will assist you through every step of the process, from qualifying to selecting the right product for your business. In most cases, an application, bank statements, a voided check, and a copy of your driver’s license are all you need to get funded. However, some borrowers may be required to submit additional documentation, including proof of ownership or tax returns.
Step 3: Wait For Approval
Once your application and all documentation have been submitted, funds are typically disbursed within three business days following loan approval.
Sales & Advertising Transparency
One Park Financial provides enough information on its website to give prospective borrowers a good idea of what to expect throughout the application process. However, because the company works with over 20 lenders, rates, terms, fees, and specific financial products vary and are not disclosed on the website. Applicants will be unable to calculate the cost of funding or compare offers with other lenders until after submitting an application.
Customer Service & Technical Support
One Park Financial offers multiple ways to get in touch. Current and prospective borrowers can contact the company’s funding experts through its toll-free number or email. Many questions can also be answered by visiting the FAQ section on the company’s website.
One Park Financial is also active on social media and posts news and updates via Facebook, Twitter, LinkedIn, and YouTube.
One Park Financial Reviews
Negative Reviews & Complaints
One Park Financial has received hundreds of reviews through various sites, including Google, Trustpilot, and the Better Business Bureau. Overall, reviews are favorable, and the company retains an A+ rating with BBB. However, there are a handful of negative reviews and complaints about the company and the financial products offered by its lending partners. These complaints include:
- High Cost Of Borrowing: Some applicants complained about the high rates of the offers provided through One Park Financial. Some reviewers state that their loans came with excessive fees, including a loan origination fee and service fees from One Park Financial and the lender making the offer. It is important to note that all rates are disclosed to the customer before disbursement.
- Aggressive Sales Tactics: Some reviewers gave a negative review because of persistent phone calls, emails, and text messages containing loan offers.
- Borrowing Amount Less Than Preapproval: A few reviewers were disappointed that their final loan approval was for much less than what they were initially preapproved to receive. However, in small business lending, this isn’t uncommon. As a lender moves through the underwriting process, something may come up that lowers the borrowing amount or even disqualifies the applicant from being approved.
Positive Reviews & Testimonials
The overall reviews for One Park Financial are favorable. The company has a rating of 4.7 out of 5 on Trustpilot. The company is also accredited by the BBB, where it has an A+ rating. Based on these reviews, customers most liked:
- Exceptional Customer Service: One Park Financial funding experts are described as helpful and responsive, which is evident when you see that they take the time to respond to every online review.
- Fast, Easy Funding Process: From the easy application to the speedy time-to-funding, most customers find the entire funding process to be a piece of cake.
- Approval After Being Turned Down By Other Lenders: With its relaxed borrower qualifications, One Park Financial is easier to qualify for than many other MCA providers.
Is One Park Financial Right For Your Business?
If you’re facing challenges that make it difficult to get the working capital you need, One Park Financial and its lending partners may have a solution that works for your business. Low credit scores, bankruptcies, tax liens, foreclosures, or other factors that prevent you from receiving capital from traditional lenders aren’t usually a problem for One Park’s lending partners (unless you live in California, that is).
Be aware that the cost of borrowing could be very high. Although One Park Financial does not disclose its range of factor rates, fixed fees, and additional fees, the company does advertise merchant cash advances, which are notoriously more expensive than other types of financing.
However, if your business is facing a cash crunch and needs working capital with minimal borrowing requirements and paperwork, One Park Financial may be an option for you. While all terms and fees are disclosed before signing your contract, the lack of this information prior to filling out an application makes it difficult to compare your options.
Overall, businesses that couldn’t get approved for funding elsewhere were pleased with their experience with One Park Financial. But if you want lower rates and longer terms, and you qualify for funding through other lenders, consider exploring other business loan options, such as low-interest business loans or lines of credit.
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Explore a wide range of business loan options at BusinessLoans.com. With no minimum credit score requirement, find the perfect funding solution for your needs. Get Started.
Find Funding for Any Credit Level
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Explore a wide range of business loan options at BusinessLoans.com. With no minimum credit score requirement, find the perfect funding solution for your needs. Get Started.
They are the biggest spammers you will ever encounter. I applied for a loan with them and decided to not pursue after hearing the astronomical rates but they keep calling and emailing and texting non stop. 1-3 emails a day and most of the calls In ignore anyways so who knows how many times they’ve called. I asked to be taken off the call list multiple times to no avail. They will call you on weekends and on weekdays. There’s ZERO chance of me doing business with them ever. If that’s how they act when they’re trying to give me a loan I can only imagine what they do if they want to collect. SPAMMERS and low class.
This comment refers to an earlier version of this review and may be outdated.
Organization Name: Truvie Trailers LLC
Hi, Erica Seppala,
Thank you for writing the review. We got so many potential buyers asking us to financing their concession trailers. But we are just a small business, cant afford to do lending. It would be of great help if we can recommend a lender to our customers. But we do not know much about these lenders. It is so Nice to read your review.
Best,
Tracy
This comment refers to an earlier version of this review and may be outdated.