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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 or Charge 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 is 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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Contact

  • Headquarters
  •   230 Peachtree St NW
    Atlanta, GA 30303
  •   Visit Site

Other Services by Action Capital Corporation

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • 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
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Origination Fee  
NSF Fee $25
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
Financing Rate (Monthly) 1% - 3%
Invoice Qualifications Net 30 Days
Loan Amount $50,000 - $7,000,000

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