Last Updated: 04/18/2025
InterNex Capital Velocity LOC
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Last Updated: 04/18/2025
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Highlights
APR (Fixed APR)
Starting at 9.99%(Verified 06/21/2024)
Disclaimer popup with additional information
Credit Score Range
N/A
Amount Range
$250,000 - $10,000,000
InterNex Capital Velocity LOC Review
InterNex Capital Velocity LOC is offered by InterNex Capital, a direct lender founded in 2015 and based in New York, NY. InterNex Capital Velocity LOC are available in states.
InterNex Capital Velocity LOC FAQ
What APRs does InterNex Capital Velocity LOC offer?
InterNex Capital Velocity LOC offers an APR that starts at 9.99% APR.
Does InterNex Capital Velocity LOC charge an origination fee?
Yes, InterNex Capital Velocity LOC charges an origination fee of 2.25% to 4% of the line of credit amount. InterNex Capital Velocity LOC 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.
Does InterNex Capital Velocity LOC charge prepayment fees?
Yes, InterNex Capital Velocity LOC 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 InterNex Capital Velocity LOC?
Line of credit amounts start at $250,000 and go up to $10,000,000.
What is the maximum term you can get with InterNex Capital Velocity LOC?
InterNex Capital Velocity LOC offers business lines of credit with terms ranging from 12 to 24 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 InterNex Capital Velocity LOC?
InterNex Capital Velocity LOC 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. InterNex Capital Velocity LOC does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by InterNex Capital Velocity LOC.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Bank account information
- Business formation documents
- Proof of identity
What is the estimated funding time for the InterNex Capital Velocity LOC?
InterNex Capital Velocity LOC can fund business lines of credit within 4 business days of approval.
What are the business financing requirements for InterNex Capital Velocity LOC?
To apply for InterNex Capital Velocity LOC, the applicant needs to provide the following documentation:
- Business license
- Business bank account
Does InterNex Capital Velocity LOC report your account activity to credit bureaus?
Yes, InterNex Capital Velocity LOC reports to the following credit bureau:
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does InterNex Capital perform a hard credit pull?
Yes, InterNex Capital Velocity LOC performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
What types of business lines of credit does InterNex Capital offer?
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