Features

Where does In Advance Capital do business?

In Advance Capital is a direct lender based in New York, NY. It was founded in 2016 and offers access to business loans in 50 states (and Washington, DC)..

Does In Advance Capital charge an origination fee?

Yes, In Advance Capital charges a loan origination fee of 3% to 5% of the loan amount. In Advance Capital 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. 

What limitations does In Advance Capital set on the purpose of the loan?

Some lenders only provide business loans for certain purposes. In Advance Capital offers considers loan applications for the following reasons:

  • Equipment purchase
  • New location
  • Product or service expansion
  • Working capital
  • Business debt refinance

What types of business loans does In Advance 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. In Advance Capital provides access to the following business loan types:

  • Merchant cash advances

Does In Advance Capital charge a late fee?

No, In Advance Capital will not charge you a late fee. Yes, In Advance Capital charges borrowers with a late payment fee.

Does In Advance Capital charge prepayment fees?

Yes, In Advance 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 In Advance Capital?

Loan amounts start at $5,000 and go up to $500,000.

What is the maximum loan term you can get with In Advance Capital?

In Advance Capital offers business loans with terms ranging from 3 to 18 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 a loan with In Advance Capital?

Applicants with a credit score of at least 450 can apply for a loan via In Advance Capital.

In Advance Capital requires businesses to be in business for at least 6 months in business. Active duty servicemembers and their covered dependents are eligible to apply for a loan via In Advance Capital. 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:

  • Proof of income

What is the estimated funding time for a business loan via In Advance Capital?

In Advance Capital can approve (or deny) a loan application within 3 hours and fund business loans within 1 business day of approval.

  • Credit Score Range
    450 - 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
    • Military Dependent
    • Non-Military
    • Veterans
  • Minimum Months in Business
    6
  • Verification Documents Required?
    Proof of Income
  • Origination Fee
    3% - 5%
  • Business Loan Type
    • ACH Cashflow Loan
    • Line Of Credit
    • Merchant Cash Advance
  • Intended Use of Funds
    • Business Debt Refinance
    • Equipment Purchase
    • Lease Improvements
    • New Location
    • Product or Service Expansion
    • Working Capital
  • Approval Speed (Hours)
    3
  • Funding Time Range (in days)
    1 - 2
  • Loan Amount
    $5000 - $500000
  • Loan Term Range (Months)
    3 - 18
  • Max Loan Term (Months)
    18
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