in Business Loans from Action CapitalUnaffiliated
|Loan Amount||$50,000 - $7,000,000|
|Loan Term||N/A months|
Action Capital Review
Where does Action Capital do business?
Action Capital is a business financing offering by Action Capital, a direct lender based in Atlanta, GA. Founded in 1959, Action Capital offers access to business loans in 50 states (and Washington, DC).
What are Action Capital’s rates?
Action Capital offers a business financing product but they do not disclose their rates.
Does Action Capital charge an origination fee?
No, Action Capital does not charge a loan origination fee. A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.
What limitations does Action Capital set on the purpose of the loan?
Action Capital considers loan applications for business purposes, such as:
- Equipment Purchase
- Lease Improvement
- New Location
- Product or Service Expansion
- Working capital
What types of business loans does Action Capital offer?
Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. Action Capital provides access to the following business loan types:
- Lines of Credit
- Invoice Financing
Does Action Capital charge prepayment fees?
No, Action Capital does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
How much can you borrow from Action Capital?
Loan amounts start at $50,000 and go up to $7,000,000.
What do you need to qualify for Action Capital?
Action Capital does not require borrowers to have been in business for a minimum number of years. Businesses don't have to meet a minimum annual revenue to be considered.
Action Capital does not require or does not disclose a credit score minimum.
Action Capital does not have or does not disclose a minimum annual income eligibility requirement. Action Capital only considers borrowers who are employed.
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 Action Capital. Their rates fall within the limits of The Military Lending Act.
Only U.S. citizens and permanent residents can apply for a loan.
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|No Origination Fee|
|No Prepayment Fee|
|Immigration Status Considered||
|Employment Statuses Considered||
|Loan Amount||$50K - $7M|