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  Business Capital Mart Lines of Credit

Business Capital Mart Lines of Credit

in Business Lines of Credit from Business Capital Mart

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Business Capital Mart Lines of Credit

Unaffiliated

in Business Lines of Credit from Business Capital Mart

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Highlights
APR  (Fixed APR) Starting at 5.75%
Credit Score Range 700 - 850
Loan Amount Up to $500,000

Business Capital Mart Lines of Credit Review

Business Capital Mart Lines of Credit is offered by Business Capital Mart, a marketplace lending platform founded in 2014 and based in Birmingham, AL. Business Capital Mart Lines of Credit is available in 50 states (and Washington, DC).

Business Capital Mart Lines of Credit FAQ

What APRs does Business Capital Mart Lines of Credit offer?

Business Capital Mart Lines of Credit offers a fixed APR product that ranges from 5.75% APR.

Does Business Capital Mart Lines of Credit charge an origination fee?

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

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

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

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

Does Business Capital Mart Lines of Credit charge prepayment fees?

No, Business Capital Mart 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.

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

Business Capital Mart Lines of Credit offers business lines of credit with a maximum term of 120 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 Business Capital Mart Lines of Credit?

Applicants with a credit score of at least 700 and up to 850 may be eligible for Business Capital Mart Lines of Credit. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Business Capital Mart 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 Business Capital Mart 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 Business Capital Mart 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 is the estimated funding time for the Business Capital Mart Lines of Credit?

Business Capital Mart Lines of Credit can approve (or deny) a line of credit application within 24 hours and fund business lines of credit within 1 business day of approval.

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

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

  • Business license
  • Business bank account

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

Yes, Business Capital Mart 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 Business Capital Mart offer?

Business Capital Mart only offers unsecured lines of credit.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 5:00pm
  • Saturday Closed

Other Services by Business Capital Mart

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 Prepayment Fee
Business Financing Requirements
  • Business License
  • Business Bank Account
Credit Score Range 700 - 850
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
  • Proof of Identity
  • Business Formation Documents
  • 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
  • Business Debt Refinance
  • Inventory
  • Payroll
  • Hiring
Approval Speed 24 hours
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Funding Time Range Starting at 1 day
Payment Frequency Monthly
Payment Options
  • Automatic Payments
  • Bank Transfer
APR (Fixed APR) Starting at 5.75%
Loan Amount Up to $500,000
Loan Term Up to 120 months

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