Where does BFS Capital do business?
BFS Capital is based in Coral Springs, FL. It was founded in 2002 and offers access to business loans in 50 states (and Washington, DC)..
Does BFS Capital charge an origination fee?
Yes, BFS Capital charges a loan origination fee.
What limitations does BFS Capital set on the purpose of the loan?
Some lenders only provide business loans for certain purposes. BFS Capital offers considers loan applications for the following reasons:
- Equipment purchase
- New location
- Product or service expansion
- Working capital
- Business debt refinance
What types of business loans does BFS 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. BFS Capital provides access to the following business loan types:
- Unsecured term loans
- Merchant cash advances
Does BFS Capital charge a late fee?
No, BFS Capital will not charge you a late fee. Yes, BFS Capital charges borrowers with a late payment fee.
Does BFS Capital charge prepayment fees?
Yes, BFS 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 BFS Capital?
Loan amounts start at $5,000 and go up to $500,000.
What do you need to qualify for a loan with BFS Capital?
BFS Capital doesn’t disclose its credit score minimum.
BFS Capital requires businesses to be in business for at least 1 month in business. Active duty servicemembers and their covered dependents cannot apply for a loan via BFS Capital. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.
Only U.S. citizens and permanent residents can apply for a loan.
What is the estimated funding time for a business loan via BFS Capital?
BFS Capital can approve (or deny) a loan application within 24 hours and fund business loans within 2 business days of approval.
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3301 N. University Drive, Suite 300
Coral Springs, FL 33065 USA
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
- U.S. Citizen
- U.S. Permanent Resident
- Unsecured Term Loan
- Merchant Cash Advance
- Business Debt Refinance
- Equipment Purchase
- Lease Improvements
- New Location
- Product or Service Expansion
- Working Capital