SuperMoney
  In Advance Capital Lines of Credit
In Advance Capital Lines of Credit
in Business Lines of Credit from In Advance Capital
Unaffiliated

In Advance Capital Lines of Credit

Unaffiliated
in Business Lines of Credit from In Advance Capital
Not enough votes for recommendation

Not enough votes for recommendation

Explore a similar product
Try this top product in Business Lines of Credit.
Funding Circle Business Line of Credit
Funding Circle Business Line of Credit

Rating not yet determined  

0 reviews
Highlights
APR N/A
Credit Score Range 450 - 850
Loan Amount $5,000 - $500,000

In Advance Capital Lines of Credit Review

In Advance Capital Lines of Credit is offered by In Advance Capital, founded in 2016 and based in New York, NY. In Advance Capital Lines of Credit is available in 51 states across the USA.

In Advance Capital Lines of Credit FAQ

What APRs does In Advance Capital Lines of Credit offer?

In Advance Capital Lines of Credit offers a product, but they do not disclose their rates.

Does In Advance Capital Lines of Credit charge an origination fee?

Yes, In Advance Capital Lines of Credit charges an origination fee of 3% to 5% of the line of credit amount. In Advance Capital Lines of Credit deducts the fee directly from your line of credit amount before disbursing the fund, so make sure you take this fee into account when deciding how much you need to borrow.

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

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

Does In Advance Capital Lines of Credit charge prepayment fees?

Yes, In Advance Capital 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 In Advance Capital Lines of Credit?

Line of credit amounts start at $5,000 and go up to $500,000.

What is the maximum term you can get with In Advance Capital Lines of Credit?

In Advance Capital Lines of Credit offers business lines of credit with terms ranging from 3 to 18 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 In Advance Capital Lines of Credit?

Applicants with a credit score of at least 450 and up to 850 may be eligible for In Advance Capital Lines of Credit. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

In Advance 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. APRs for the In Advance Capital Lines of Credit product fall outside of the MLA limits, and as a result, the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

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

What is the estimated funding time for the In Advance Capital Lines of Credit?

In Advance Capital Lines of Credit can approve (or deny) a line of credit application within 3 hours and fund business lines of credit within 1 business day of approval.

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

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

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

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

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 In Advance Capital offer?

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.

Message From In Advance Capital

If you’re not sure how much funding you may need at a given time but would still like to have quick access to working capital, you should consider a business line of credit. Like the rest of our funding programs, you’ll complete our streamlined application process and have a funding decision within hours and funding in as little as one business day. One of the key benefits of our line of credit funding program is that you’re in control. Rather than taking $200,000 just because you can and then only needing half of it, you can take what you need as you need it. This keeps your payments as low as possible and saves you money in the long run. Our business line of credit and other funding programs are not just for struggling businesses. While an infusion of working capital can certainly revive a failing business, it can also propel the growth of a successful company. Most of our clients use our funding programs to expand, purchase additional inventory, hire new employees, and renovate their locations. Every successful business owner effectively plans for the future. Being prepared for unpredictable expenses is an absolute necessity, but more often than not, your natural cash flow and reserves won’t be enough. Having access to an external source of capital is the easiest way to protect your cash flow and your business.

Contact

Other Services by In Advance Capital

Availability

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

Feature Breakdown

Origination Fee (%) 3% - 5%
Business Financing Requirements
  • Business License
  • Business Bank Account
Credit Score Range 450 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Minimum Months in Business 6
Minimum Revenue $180,000
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
Approval Speed 3 hours
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Funding Time Range 1 - 2 days
Payment Options
  • Automatic Payments
  • Bank Transfer
Loan Amount $5,000 - $500,000
Loan Term 3 - 18 months

Be the first to rate

 

Would you recommend In Advance Capital Lines of Credit to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)