|Loan Amount||Starting at $10,000|
|APR (Fixed APR)||N/A|
|Loan Term (Months)||Up to 60 months|
Capital One Business Installment Loan Review
Capital One business loan is a business financing offering by Capital One, based in McLean, VA. Founded in 1933, Capital One offers access to small business loans in 8 states (and Washington, DC).
Capital One business loan FAQ
What are Capital One business loan’s rates?
Capital One business loan offers a fixed APR business financing product but they do not disclose their rates.
Does Capital One business loan charge an origination fee?
Yes, Capital One business loan charges a loan origination fee.
What limitations does Capital One business loan set on the purpose of the business loan?
Capital One business loan considers business loan applications for business purposes, such as:
- Equipment Purchase
- Lease Improvement
- Product or Service Expansion
- Technology Investment
- Working capital
What types of small business loans does Capital One business loan 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. Capital One business loan provides access to the following business loan types:
- Unsecured Term Business Loans
- Secured Term Business Loans
Does Capital One business loan charge prepayment fees?Yes, Capital One business loan 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 Capital One business loan?
Business loan amounts start at $10,000.
What is the maximum business loan term you can get with Capital One business loan?
Capital One business loan offers small business loans with a maximum term of 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 Capital One Business Installment Loan?
Capital One Business Installment Loan 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.Applicants with a credit score of at least 600 and up to 850 may be eligible for Capital One Business Installment Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
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 Capital One Business Installment Loan. Their rates fall within the limits of The Military Lending Act.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Capital One Business Installment Loan.
To qualify, applicants may need to provide the following documentation:
- Recent bank statements
- Business formation documents
- Driver's license
- Government issued photo ID
- Proof of identity
Does Capital One Business Installment Loan report your account activity to credit bureaus?
Yes, Capital One Business Installment Loan reports your account activity to the following credit reporting agencies:
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.
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- Washington, DC
- New Jersey
- New Mexico
|Business Financing Requirements||
|Credit Score Range||600 - 850|
|Employment Statuses Considered||
|Immigration Status Considered||
|Verification Documents Required||
|Business Loan Type||
|Intended Use of Funds||
|Credit Bureau Reporting||
|Payment Options||Automatic Payments|
|APR Type||Fixed APR|
|Loan Amount||Starting at $10,000|
|Loan Term||Up to 60 months|