Capfusion Review

Where does Capfusion do business?

Capfusion is a business financing offering by Capfusion, a direct lender based in Prairie Village, KS. Founded in 2013, Capfusion offers access to business loans in 50 states (and Washington, DC).

What are Capfusion’s rates?

Capfusion offers a business financing product that ranges from 20% APR up to 150% APR.

Does Capfusion charge an origination fee?

Yes, Capfusion charges a loan origination fee starting at 5% of the loan amount. Capfusion deducts the fee directly from your loan amount before disbursing loan proceeds, so make sure you take this fee into account when deciding how much you need to borrow.

What limitations does Capfusion set on the purpose of the loan?

Capfusion considers loan applications for business purposes, such as:

• Business Debt Refinance
• Equipment Purchase
• Hiring
• Inventory
• Lease Improvement
• New Location
• Payroll
• Product or Service Expansion
• Technology Investment
• Working capital

What types of business loans does Capfusion offer?

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:

• Unsecured term loans

Does Capfusion charge prepayment fees?

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.

How much can you borrow from Capfusion?

Loan amounts start at $1,000 and go up to $1,000,000.

What is the maximum loan term you can get with Capfusion?

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.

What do you need to qualify for Capfusion?

Capfusion requires companies to be in business for at least 12 months. Businesses must have a minimum annual revenue of $10,000 to be considered.

Applicants with a credit score of at least 500 and up to 850 are eligible for Capfusion.

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. Active duty service members and their covered dependents are eligible to apply for a loan via Capfusion. Their rates 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:

• Proof of income
• Proof of identity