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).
Yes, BFS Capital charges a loan origination fee.
Some lenders only provide business loans for certain purposes. BFS 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. BFS Capital provides access to the following business loan types:
Yes, BFS Capital charges borrowers with a late payment fee.
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.
Loan amounts start at $5,000 and go up to $500,000.
BFS Capital does not require borrowers to have been in business for a minimum number of years. 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.
BFS Capital will typically approve (or deny) a business loan application within 24 hours and fund the loan within 2 business days of approval.
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