Fast Capital Company

Fast Capital Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

Fast Capital Company was established in 2004, focusing on providing accessible financial solutions to small businesses across the United States. The company emerged from the need for alternative financing options, especially for entrepreneurs who faced challenges in securing traditional bank loans.

Parent Company/Ownership Structure

Fast Capital operates as an independent entity, allowing it to maintain flexibility in its operations and offerings. It is privately owned and has developed a reputation for being a reliable source of business financing.

Headquarters Location

The headquarters of Fast Capital is located at 16 E 40th St, Murray Hill, New York, NY. This strategic location in one of the financial capitals of the world positions the company favorably for networking and partnership opportunities.

Global Business Scope

While primarily serving the U.S. market, Fast Capital has the potential to reach clients globally through its online platforms. The company focuses on small to medium-sized enterprises (SMEs) and provides various financial products tailored to their needs.

Main Regulatory Bodies

Fast Capital is subject to regulations from various financial authorities, including but not limited to the Consumer Financial Protection Bureau (CFPB) and state-level financial regulatory bodies. Compliance with these regulations ensures that the company operates within the legal frameworks established for financial services.

2. Company History and Development

Key Milestones

• 2004: Fast Capital was founded, initiating its journey in the financial services sector.
• 2010: The company expanded its offerings to include online lending solutions, significantly increasing its customer base.
• 2015: Fast Capital launched its mobile application, enhancing user experience and accessibility.
• 2020: The company reported a 150% increase in loan applications, reflecting its growing popularity among small business owners.

Business Expansion Journey

Fast Capital began with a focus on short-term loans and has since diversified its product offerings to include merchant cash advances, business lines of credit, and term loans. This expansion has been driven by a commitment to meet the evolving needs of small businesses.

Customer Base Growth

Over the years, Fast Capital has built a robust customer base, serving thousands of businesses across various sectors, including retail, healthcare, and construction. The companys customer-centric approach has fostered loyalty, with many clients returning for additional financing.

Platform Development History

The development of Fast Capitals online platform has been a significant factor in its success. The platform allows for quick applications, instant approvals, and streamlined funding processes, making it easier for businesses to access the capital they need.

Important Awards or Recognitions Received

Fast Capital has received several accolades for its innovative approach to business financing, including recognition from industry publications for its customer service excellence and operational efficiency.

3. Trading Services Offered

Forex Trading Options

Fast Capital offers a robust forex trading platform, providing access to over 50 currency pairs. This variety allows traders to engage in diverse trading strategies and capitalize on global currency fluctuations.

Stock Trading Options

The company facilitates stock trading through partnerships with various brokerage firms, allowing clients to invest in a wide array of stocks listed on major exchanges. This service is designed to cater to both novice and experienced investors.

CFD Trading Products

Fast Capital also provides Contracts for Difference (CFDs) on various assets, enabling clients to speculate on price movements without owning the underlying assets. This includes CFDs on commodities, indices, and stocks.

Other Financial Instruments

In addition to forex and stock trading, Fast Capital has expanded its offerings to include cryptocurrencies and commodities. This diversification allows clients to explore new investment avenues and hedge against market volatility.

Special Services or Unique Advantages

Fast Capital distinguishes itself through its emphasis on speed and flexibility. The application process is designed to be user-friendly, with minimal documentation required. Additionally, the company offers competitive rates and personalized service, ensuring that clients receive tailored solutions that meet their specific needs.

4. Regulatory and Legal Background

Detailed Regulatory Information

Fast Capital is regulated by several bodies, including:

• Consumer Financial Protection Bureau (CFPB): Ensures compliance with federal consumer financial laws.
• State Financial Regulators: Each state where Fast Capital operates has its own regulatory requirements that the company adheres to.

Legal Entity Structure by Region

Fast Capital operates as a limited liability company (LLC) in the United States, which provides a level of protection for its owners while allowing for flexible management structures.

Client Fund Protection Measures

To safeguard client funds, Fast Capital employs several measures, including segregated accounts and regular audits. These practices ensure that client funds are protected and managed responsibly.

Countries/Regions Served

While primarily focused on the U.S. market, Fast Capital has the infrastructure to serve clients in other regions, depending on regulatory compliance and market demand.

Compliance History

Fast Capital has maintained a strong compliance record, with no significant legal issues reported. The company is committed to adhering to all regulatory requirements, which enhances its credibility and trustworthiness in the financial services sector.

5. Competitive Landscape

3-5 Main Competitors

1. Kabbage: Known for its quick loan approvals and user-friendly platform.
2. OnDeck: Offers a range of financing options for small businesses with a focus on transparency.
3. BlueVine: Provides business lines of credit and invoice factoring, catering to diverse business needs.
4. Fundbox: Specializes in invoice financing and lines of credit, appealing to freelancers and small businesses.

Positioning in the Industry

Fast Capital positions itself as a fast and flexible alternative to traditional bank financing. Its focus on small businesses and quick access to capital sets it apart in a competitive landscape.

Market Differentiation Factors

Fast Capital differentiates itself through:

• Speed: Quick application and approval processes.
• Flexibility: A wide range of financing options tailored to meet diverse business needs.
• Customer Service: A strong emphasis on building relationships with clients, ensuring personalized support throughout the financing process.

Conclusion

Fast Capital Company has established itself as a key player in the financial services sector, offering innovative and accessible solutions for small businesses. With a commitment to customer satisfaction and a robust regulatory framework, Fast Capital continues to evolve and adapt to the changing needs of its clients, making it a reliable partner for entrepreneurs seeking financial support.

Back to Top

For more information on Fast Capital's services and offerings, learn more.