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  Kapitus Business Lines of Credit

Kapitus Business Lines of Credit

in Business Lines of Credit from Kapitus

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Kapitus Business Lines of Credit

Unaffiliated

in Business Lines of Credit from Kapitus

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Highlights
APR  (Fixed APR) Starting at 6.25%
Credit Score Range 625 - 850
Loan Amount Up to $500,000

Kapitus Business Lines of Credit Review

Kapitus Business Lines of Credit is offered by Kapitus, a direct lender founded in 0 and based in New York, NY. Kapitus Business Lines of Credit is available in 50 states (and Washington, DC).

Kapitus Business Lines of Credit FAQ

What APRs does Kapitus Business Lines of Credit offer?

Kapitus Business Lines of Credit offers a fixed APR product that starts at 6.25% APR.

Does Kapitus Business Lines of Credit charge an origination fee?

Yes, Kapitus Business Lines of Credit charges an origination fee starting at 2.5% of the line of credit amount starting at $395 Kapitus Business 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 Kapitus Business Lines of Credit set on the purpose of the line of credit?

Kapitus Business 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 Kapitus Business Lines of Credit charge prepayment fees?

Yes, Kapitus 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.

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

Kapitus Business Lines of Credit offers business lines of credit with terms ranging from 3 to 36 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 Kapitus Business Lines of Credit?

Applicants with a credit score of at least 625 and up to 850 may be eligible for Kapitus Business Lines of Credit. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Kapitus 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 Kapitus 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 Kapitus 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 is the estimated funding time for the Kapitus Business Lines of Credit?

Kapitus Business Lines of Credit can approve (or deny) a line of credit application within 4 hours and fund business lines of credit within 2 business days of approval.

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

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

  • Business license
  • Business bank account

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

Yes, Kapitus 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.

What types of business lines of credit does Kapitus offer?

Kapitus only offers unsecured lines of credit.

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Message From Kapitus Business Lines of Credit

Get access to cash you need when you need it at better rates than a credit card. Having additional access to working capital is always a best practice when running a small business.  For the times you don’t want or need a large lump sum and the long-term commitments that come with a small business loan; or the times when a business credit card is just not the right choice for the health of your business, a business line of credit may be exactly what you need.  With an expedited application process, affordable rates, and flexible repayment schedules (weekly or monthly), having reliable and continuous access to cash flow has never been simpler. Running a business can make life very unpredictable, with unforeseen equipment repairs, seasonality disruptions, unanticipated growth, and everything in between.  But with a business line of credit arranged by Kapitus, unpredictability does not have to mean a lack of sustainability and stability.  You have the flexibility to cover business expenses that are too large for a credit card at a lower interest rate or cost too little for a small business loan while only paying interest on the amount you use. Having continuous access to working capital and ensuring balanced cash flow – even during the craziest of times – has never been easier.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 6:00pm
  • Tuesday 9:00am - 6:00pm
  • Wednesday 9:00am - 6:00pm
  • Thursday 9:00am - 6:00pm
  • Friday 9:00am - 6:00pm
  • Saturday Closed

Other Services by Kapitus

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

Origination Fee ($) Starting at $395
Origination Fee (%) Starting at 2.5%
Business Financing Requirements
  • Business License
  • Business Bank Account
Credit Score Range 625 - 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 24
Minimum Revenue $250,000
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
  • Inventory
  • Payroll
  • Hiring
Approval Speed 4 hours
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Funding Time Range 2 - 7 days
Payment Frequency Monthly
Payment Options
  • Automatic Payments
  • Bank Transfer
APR (Fixed APR) Starting at 6.25%
Loan Amount Up to $500,000
Loan Term 3 - 36 months

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