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Action Capital

in Business Loans from Action Capital Corporation

Unaffiliated

Action Capital

Unaffiliated

in Business Loans from Action Capital Corporation

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Highlights
Loan Amount $50,000 - $7,000,000
APR N/A
Loan Term (Months) N/A

Action Capital Review

Action capital is a business financing offering by Action Capital Corporation, based in Atlanta, GA. Founded in 1959, Action Capital Corporation offers access to small business loans in 50 states (and Washington, DC).

Action capital FAQ

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 business 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 business loan?

Action capital considers business loan applications for business purposes, such as:

  • Equipment Purchase
  • Lease Improvement
  • New Location
  • Product or Service Expansion
  • Working capital

What types of small business loans does Action capital offer?

Not all small business loans are made equal. The type of business loan you choose will determine the range of interest 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 business loan off early.

How much can you borrow from Action capital?

Business 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.

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.

U.S. citizens are, of course, eligible for the services offered by Action Capital. Permanent resident / green card holders are also eligible to apply.

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Message From Action Capital

Factoring or Financing Credit Facilities from $50,000 to $7,000,000. Action will commit capital up to 90% of the value of our clients' qualified trade receivables. Service companies and government contractors that meet certain criteria can also receive capital availability on earned but unbilled revenue, assets that arise when a client has performed work but has been unable to bill for it because of a requirement by the client's customer for periodic (i.e. monthly) invoicing. Clients who are seeking to protect or enhance a key vendor relationship may establish a supplier payment facility alongside the factoring or financing facility. Clients submit draw requests to Action on an invoice assignment form. Draws may be made as often (or infrequently) as required at our client's discretion, and Action processes the draw requests on the same day that we receive them. Customer payments are routed through the Action lockbox, and cash receipts are processed and posted by the Action operations team.  Receipts automatically pay down the line of credit. The reserve portion of each invoice (the invoice value minus the advance rate) is released to our client when the payment on the invoice is received.

Contact

Other Services by Action Capital Corporation

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 Origination Fee
No Prepayment Fee
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Loan Amount $50,000 - $7,000,000

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