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).

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.

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.