Business Capital Mart Business Loans

Business Capital Mart Business Loans Review

business Capital Mart business loans is a business financing offering by Business Capital Mart, based in Birmingham, AL. Founded in 2014, Business Capital Mart offers access to small business loans in 51 states across the USA.

What are business Capital Mart business loans’s rates?

business Capital Mart business loans offers a business financing product that ranges from 7% APR up to 14% APR.

Does business Capital Mart business loans charge an origination fee?

Yes, business Capital Mart business loans charges a loan origination fee.

What limitations does business Capital Mart business loans set on the purpose of the business loan?

business Capital Mart business loans considers business loan applications for business purposes, such as:

What types of small business loans does business Capital Mart business loans offer?

Not all small business loans are made equal. The type of business loan you choose will determine the range of interest rates and terms you receive. business Capital Mart business loans provides access to the following business loan types:

Does business Capital Mart business loans charge prepayment fees?

Yes, business Capital Mart business loans charges additional fees to borrowers who pay off their small business 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 business loan early.

How much can you borrow from business Capital Mart business loans?

Business loan amounts start at $10,000 and go up to $500,000.

What is the maximum business loan term you can get with business Capital Mart business loans?

business Capital Mart business loans offers small 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.

What do you need to qualify for Business Capital Mart Business Loans?

Business Capital Mart Business Loans does not require borrowers to have been in business for a minimum number of years. Businesses don't have to meet a minimum annual revenue to be considered.

When it comes to credit scores, Business Capital Mart doesn't have a set minimum or maximum. People with all types of credit scores can apply.

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. APRs for the Business Capital Mart Business Loans product fall outside of the MLA limits, and as a result, the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.