Action Capital is a direct lender based in Atlanta, GA. It was founded in 1959 and offers access to business loans in 50 states (and Washington, DC)..
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.
Some lenders only provide business loans for certain purposes. Action Capital offers considers loan applications for the following reasons:
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:
No, Action Capital will not charge you a late fee. Yes, Action Capital charges borrowers with a late payment fee.
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.
Loan amounts start at $50,000 and go up to $7,000,000.
Action Capital doesn’t disclose its credit score minimum.
Action Capital does not require borrowers to have been in business for a minimum number of years. Active duty servicemembers and their covered dependents are eligible to apply for a loan via Action Capital. Its rates and terms fall within the limits of The Military Lending Act.
Only U.S. citizens and permanent residents can apply for a loan.
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