Business Capital Mart is a marketplace lender based in Birmingham, AL. It was founded in 2014 and offers access to business loans in 50 states (and Washington, DC).
Business Capital Mart offers business loans with APRs starting from 7% and up to 14%.
Yes, Business Capital Mart charges a loan origination fee.
Some lenders only provide business loans for certain purposes. Business Capital Mart 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. Business Capital Mart provides access to the following business loan types:
No, Business Capital Mart will not charge you a late fee. Yes, Business Capital Mart charges borrowers with a late payment fee.
Yes, Business Capital Mart 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 $10,000 and go up to $500,000.
Business Capital Mart offers business loans with terms ranging from 36 to 60 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.
Applicants with a credit score of at least 300 can apply for a loan via Business Capital Mart.
Business Capital Mart 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 Business Capital Mart. 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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