Capfusion is a direct lender based in Prairie Village, KS. It was founded in 2013 and offers access to business loans in 50 states (and Washington, DC)..
Yes, Capfusion charges a loan origination fee starting at 5% of the loan amount. Capfusion deducts the fee directly from your loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.
Some lenders only provide business loans for certain purposes. Capfusion 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. Capfusion provides access to the following business loan types:
No, Capfusion will not charge you a late fee. Yes, Capfusion charges borrowers with a late payment fee.
Yes, Capfusion 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 $1,000 and go up to $1,000,000.
Capfusion offers business loans with terms ranging from 3 to 12 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.
Capfusion doesn’t disclose its credit score minimum.
Capfusion 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 Capfusion. 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.
To qualify, applicants may need to provide the following documentation:
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