Where does IMCA Capital do business?
IMCA Capital is a direct lender based in Los Angeles, CA. It was founded in 2009 and offers access to business loans in state across the USA..
Does IMCA Capital charge an origination fee?
Yes, IMCA Capital charges a loan origination fee.
What limitations does IMCA Capital set on the purpose of the loan?
Some lenders only provide business loans for certain purposes. IMCA Capital offers considers loan applications for the following reasons:
- Equipment purchase
- Product or service expansion
- Working capital
What types of business loans does IMCA Capital offer?
Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. IMCA Capital provides access to the following business loan types:
- Unsecured term loans
- Secured term loans
- Invoice financing
- Merchant cash advances
Does IMCA Capital charge a late fee?
No, IMCA Capital will not charge you a late fee. Yes, IMCA Capital charges borrowers with a late payment fee.
Does IMCA Capital charge prepayment fees?
Yes, IMCA Capital 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 IMCA Capital?
Loan amounts start at $1,000 and go up to $100,000.
What do you need to qualify for a loan with IMCA Capital?
Applicants with a credit score of at least 560 can apply for a loan via IMCA Capital.
IMCA Capital does not require borrowers to have been in business for a minimum number of years. Active duty servicemembers and their covered dependents cannot apply for a loan via IMCA Capital. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.
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11620 Wilshire Blvd #600
Los Angeles, CA 90025 USA
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