in Business Loans from Braavo CapitalUnaffiliated
|Loan Amount||$5,000 - $5,000,000|
|APR||6% - 20%|
|Loan Term||Up to 18 months|
Braavo Capital Review
Where does Braavo Capital do business?
Braavo Capital is a business financing offering by Braavo Capital, a direct lender based in New York, NY. Founded in 2015, Braavo Capital offers access to business loans in 50 states (and Washington, DC).
What are Braavo Capital’s rates?
Braavo Capital offers a business financing product that ranges from 6% APR up to 20% APR.
Does Braavo Capital charge an origination fee?
Yes, Braavo Capital charges a loan origination fee of $100 to $200
What limitations does Braavo Capital set on the purpose of the loan?
Braavo Capital considers loan applications for business purposes, such as:
- Equipment Purchase
- Lease Improvement
- Product or Service Expansion
- Working capital
What types of business loans does Braavo 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. Braavo Capital provides access to the following business loan types:
- Unsecured term loans
Does Braavo Capital charge prepayment fees?Yes, Braavo Capital charges additional fees to borrowers who pay off their loans 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 loan early.
How much can you borrow from Braavo Capital?
Loan amounts start at $5,000 and go up to $5,000,000.
What is the maximum loan term you can get with Braavo Capital?
Braavo Capital offers business loans with a maximum term of 18 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What do you need to qualify for Braavo Capital?
Braavo Capital does not require borrowers to have been in business for a minimum number of years. Businesses must have a minimum annual revenue of $120,000 to be considered.
Applicants with a credit score of at least 560 and up to 850 are eligible for Braavo Capital.
Braavo Capital does not have or does not disclose a minimum annual income eligibility requirement.
The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Braavo Capital. Their rates fall within the limits of The Military Lending Act.
Only U.S. citizens and permanent residents can apply for a loan.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Proof of identity
What is the estimated funding time for a business loan via Braavo Capital?
Braavo Capital can provide a credit approval decision in less than an hour and fund the loan within 1 business day.
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|Origination Fee ($)||$100 - $200|
|Credit Score Range||
560 - 850
|Immigration Status Considered||
|Minimum Months in Business||0|
|Verification Documents Required||
|Loan Amount||$5K - $5M|
|Loan Term||Up to 18|
|APR||6% - 20%|