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  Capital One Business Installment Loan

Capital One Business Installment Loan

in Business Loans from Capital One

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Capital One Business Installment Loan

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in Business Loans from Capital One

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Highlights
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 Installment Loan is a business financing offering by Capital One, based in McLean, VA. Founded in 1933, Capital One offers access to business loans in 8 states (and Washington, DC).

Capital One Business Installment Loan FAQ

What are Capital One Business Installment Loan’s rates?

Capital One Business Installment Loan offers a fixed APR business financing product but they do not disclose their rates.

Does Capital One Business Installment Loan charge an origination fee?

Yes, Capital One Business Installment Loan charges a loan origination fee.

What limitations does Capital One Business Installment Loan set on the purpose of the loan?

Capital One Business Installment Loan considers loan applications for business purposes, such as:

  • Equipment Purchase
  • Inventory
  • Lease Improvement
  • Product or Service Expansion
  • Technology Investment
  • Working capital

What types of business loans does Capital One Business Installment Loan offer?

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

  • Unsecured term loans
  • Secured Term Loans

Does Capital One Business Installment Loan charge prepayment fees?

Yes, Capital One Business Installment Loan 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 Capital One Business Installment Loan?

Loan amounts start at $10,000.

What is the maximum loan term you can get with Capital One Business Installment Loan?

Capital One Business Installment Loan offers 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 are, of course, eligible for the services offered by Capital One Business Installment Loan. Permanent resident / green card holders are also eligible to apply.

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:

  • Equifax
  • Experian
  • Transunion

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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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 8 states and Washington, D.C.
  • Connecticut
  • Delaware
  • Washington, DC
  • Louisiana
  • Maryland
  • New Jersey
  • New Mexico
  • Texas
  • Virginia

Feature Breakdown

Business Financing Requirements
  • Business Certificate
  • Business License
  • Business Bank Account
Credit Score Range 600 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Verification Documents Required
  • Proof of Identity
  • Business Formation Documents
  • Government Issued Photo ID
  • Recent Bank Statements
  • Social Security Number
  • Driver License (or other photo ID)
  • Business Tax Return
  • Employer Identification Number
Business Loan Type
  • Unsecured Term Loan
  • Secured Term Loan
Collateral Requirement
  • Secured
  • Unsecured
Intended Use of Funds
  • Equipment Purchase
  • Lease Improvements
  • Product or Service Expansion
  • Working Capital
  • Inventory
  • Technology Investment
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Frequency Monthly
Payment Options Automatic Payments
Loan Amount Starting at $10,000
Loan Term Up to 60 months

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