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  Action Capital Lines of Credit

Action Capital Lines of Credit

in Business Lines of Credit from Action Capital Corporation

Unaffiliated

Action Capital Lines of Credit

Unaffiliated

in Business Lines of Credit from Action Capital Corporation

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Highlights
APR  (Fixed APR) N/A
Credit Score Range N/A
Loan Amount $50,000 - $7,000,000

Action Capital Lines of Credit Review

Action Capital Lines of Credit is offered by Action Capital Corporation, a direct lender founded in 1959 and based in Atlanta, GA. Action Capital Lines of Credit is available in 50 states (and Washington, DC).

Action Capital Lines of Credit FAQ

What APRs does Action Capital Lines of Credit offer?

Action Capital Lines of Credit offers a fixed APR product, but they do not disclose their rates.

Does Action Capital Lines of Credit charge an origination fee?

No, Action Capital Lines of Credit 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 line of credit amount. Whenever possible, go with lenders that don’t charge origination fees.

What limitations does Action Capital Lines of Credit set on the purpose of the line of credit?

Action Capital Lines of Credit considers line of credit applications for business purposes, such as:

  • Equipment Purchase
  • Hiring
  • Inventory
  • Lease Improvement
  • New Location
  • Payroll
  • Product or Service Expansion
  • Working capital

Does Action Capital Lines of Credit charge prepayment fees?

No, Action Capital Lines of Credit does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the line of credit balance off early.

How much can you borrow from Action Capital Lines of Credit?

Line of credit amounts start at $50,000 and go up to $7,000,000.

What do you need to qualify for Action Capital Lines of Credit?

Action Capital Lines of Credit does not require or does not disclose a credit score minimum. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Action Capital Lines of Credit does not have or does not disclose a minimum annual income eligibility requirement.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Action Capital Lines of Credit. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Action Capital Lines of Credit. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Proof of income
  • Recent bank statements
  • Business formation documents

What are the business financing requirements for Action Capital Lines of Credit?

To apply for Action Capital Lines of Credit, the applicant needs to provide the following documentation:

  • Business license
  • Business bank account

Does Action Capital Lines of Credit report your account activity to credit bureaus?

Yes, Action Capital Lines of Credit reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

What types of business lines of credit does Action Capital Corporation offer?

Action Capital Corporation offers both secured and unsecured lines of credit. Secured lines of credit are typically secured by a blanket lien on your assets or a certificate of deposit.

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Message From Action Capital Lines of Credit

Factoring or Financing Credit Facilities from $50,000 to $7,000,000. Action will commit capital up to 90% of the value of our clients' qualified trade receivables. Service companies and government contractors that meet certain criteria can also receive capital availability on earned but unbilled revenue, assets that arise when a client has performed work but has been unable to bill for it because of a requirement by the client's customer for periodic (i.e. monthly) invoicing. Clients who are seeking to protect or enhance a key vendor relationship may establish a supplier payment facility alongside the factoring or financing facility.

Clients submit draw requests to Action on an invoice assignment form. Draws may be made as often (or infrequently) as required at our client's discretion, and Action processes the draw requests on the same day that we receive them. 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. The reserve portion of each invoice (the invoice value minus the advance rate) is released to our client when the payment on the invoice is received.

Contact

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
No Prepayment Fee
Business Financing Requirements
  • Business License
  • Business Bank Account
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Verification Documents Required
  • Proof of Income
  • Business Formation Documents
  • Recent Bank Statements
  • Social Security Number
  • Business Tax Return
  • Employer Identification Number
Collateral Requirement
  • Secured
  • Unsecured
Intended Use of Funds
  • Equipment Purchase
  • Lease Improvements
  • New Location
  • Product or Service Expansion
  • Working Capital
  • Inventory
  • Payroll
  • Hiring
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Frequency Monthly
Payment Options
  • Automatic Payments
  • Bank Transfer
Loan Amount $50,000 - $7,000,000

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