Apple Capital Group Business Lines of Credit Review

Apple Capital Group Business Lines of Credit is offered by Apple Capital Group, Inc, a direct lender founded in 2007 and based in Arlington, TX. Apple Capital Group Business Lines of Credit is available in 50 states (and Washington, DC).

What APRs does Apple Capital Group Business Lines of Credit offer?

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

Does Apple Capital Group Business Lines of Credit charge an origination fee?

Yes, Apple Capital Group Business Lines of Credit charges an origination fee.

What limitations does Apple Capital Group Business Lines of Credit set on the purpose of the line of credit?

Apple Capital Group Business Lines of Credit considers line of credit applications for business purposes, such as:

• Business Debt Refinance
• Equipment Purchase
• Inventory
• Lease Improvement
• New Location
• Payroll
• Product or Service Expansion
• Working capital

Does Apple Capital Group Business Lines of Credit charge prepayment fees?

Yes, Apple Capital Group Business Lines of Credit charges additional fees to borrowers who pay off their lines of credit sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a line of credit early.

How much can you borrow from Apple Capital Group Business Lines of Credit?

Line of credit amounts start at $5,000 and go up to $50,000.

What is the maximum term you can get with Apple Capital Group Business Lines of Credit?

Apple Capital Group Business Lines of Credit offers business lines of credit with terms ranging from 6 to 72 months. Having the option of longer terms allows borrowers to take on larger line of credit amounts while keeping monthly payments more affordable. However, the longer the term of the amounts you borrow, the more interest you will pay.

What do you need to qualify for Apple Capital Group Business Lines of Credit?

When it comes to credit scores, Apple Capital Group, Inc doesn't have a set minimum or maximum. People with all types of credit scores can apply.

Apple Capital Group Business 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 Apple Capital Group Business 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 Apple Capital Group Business 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
• Proof of identity

What are the business financing requirements for Apple Capital Group Business Lines of Credit?

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

• Business license
• Business bank account

Does Apple Capital Group Business Lines of Credit report your account activity to credit bureaus?

Yes, Apple Capital Group Business 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.