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  Action Capital Asset Based Lending
Action Capital Asset Based Lending
in Accounts Receivable Financing from Action Capital Corporation
Unaffiliated

Action Capital Asset Based Lending

Unaffiliated
in Accounts Receivable Financing from Action Capital Corporation
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Highlights
Loan Amount $50,000 - $7,000,000
APR  (Fee-Based Product) N/A
Minimum Months in Business 12
Minimum Revenue N/A

Action Capital Asset Based Lending Review

Action Capital Asset Based Lending is offered by Action Capital Corporation, a direct lender founded in 1959 and based in Atlanta, GA. Action Capital Asset Based Lending are available in 50 states (and Washington, DC).

Action Capital Asset Based Lending FAQ

What APRs does Action Capital Asset Based Lending offer?

The cost of accounts receivable financing is typically calculated as a percentage of the invoice value, which is charged monthly. Pricing varies widely depending on several factors, such as how long you it takes to repay the invoice advance.

Does Action Capital Asset Based Lending charge an origination fee?

No, Action Capital Asset Based Lending does not charge an origination fee. An origination fee is what some lenders charge for processing, underwriting, and funding a business financing product. Typically fees range from 0.5% to 5% of the total amount advanced. Whenever possible, go with lenders that don’t charge origination fees.

How much cash can you get from Action Capital Asset Based Lending?

Action Capital Asset Based Lending advances with cash amounts start at $50,000 and go up to $7,000,000.

What type of invoice collection structure does Action Capital Asset Based Lending offers?

Action Capital Corporation collects payment for invoices directly from clients.

What types of invoices does Action Capital Corporation accept?

Action Capital Asset Based Lending accepts the following invoice type when applying for accounts receivable financing.

  • Business-to-business invoices (B2B).

What is the minimum credit receivables amount you need to appyly?

Action Capital Asset Based Lending requires businesses to have a minimum of $50,000 in credit receivables to apply.

What type of invoicing software does Action Capital Asset Based Lending support?

Action Capital Asset Based Lending supports the following invoicing software from applicants:

  • QuickBooks
  • Xero
  • FreshBooks
  • Zoho
  • Clio

What trade credit terms does Action Capital Corporation accept?

Action Capital Corporation accepts the following trade credit term. Trade credit terms are usually expressed as Net D, where D stands for the numbers days after which payment of the invoice is expected.

  • Net 30 days.

What are the business financing requirements for Action Capital Asset Based Lending?

To apply for Action Capital Asset Based Lending, the borrower needs to provide the following business document:

  • Business license
  • Business bank account

What limitations does Action Capital Asset Based Lending set on the purpose of the loan?

Action Capital Asset Based Lending considers accounts receivable financing applications for business purposes, such as:

  • Equipment purchase
  • Lease improvement
  • New location
  • Product or service expansion
  • Working capital
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Message From Action Capital Asset Based Lending

Ledgered Lines of Credit based on accounts receivable up to $7,000,000. The ledgered line is designed for clients that expect to maintain excess borrowing availability. Clients submit invoices to Action as they are billed, and Action sends a daily borrowing base to the client listing the total accounts receivable balance and the net availability for borrowing. The client can then borrow through submission of a funding request at its discretion. As in the Commercial Financing line, Action will commit capital up to 90% of the value of our clients' qualified trade receivables and can provide additional tools such as a supplier payment facility. Customer payments are routed through the Action lockbox, and cash receipts are processed and posted by the Action operations team.  Receipts automatically pay down the line of credit, and the reserves on each invoice are also applied to the line. Other notable ledgered line terms include: No standard origination, termination or treasury fees, No standard minimum use requirement, Same day credit for receipt of funds (i.e. no float days), Interest billed monthly in arrears, Interest charged on average net amount borrowed, Web based reporting, Additional reporting tools for high balance lines, Supplier Payment Agreements, Financial Support Letters.

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Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

NSF Fee $25
No Origination Fee
Business Financing Requirements
  • Business License
  • Business Bank Account
Credit Score Range 500 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Invoice Collection Structure Collected By Lender Directly
Invoicing Type B2B
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Minimum Months in Business 12
Required Invoicing Software Integration
  • QuickBooks
  • Xero
  • FreshBooks
  • Zoho
  • Clio
Verification Documents Required
  • Proof of Income
  • Proof of Identity
  • Business Formation Documents
  • U.S. Tax Identification Number
  • Recent Bank Statements
  • Social Security Number
  • Business Tax Return
  • Employer Identification Number
Collateral Requirement Unsecured
Intended Use of Funds
  • Equipment Purchase
  • Lease Improvements
  • New Location
  • Product or Service Expansion
  • Working Capital
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Frequency Monthly
Payment Options
  • Automatic Payments
  • Credit/Debit Card
  • Bank Transfer
APR Type Fee-Based Product
Financing Rate (Monthly) 1% - 3%
Invoice Qualifications Net 30 Days
Loan Amount $50,000 - $7,000,000

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