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  In Advance Capital Small Business Funding

In Advance Capital Small Business Funding

in Business Loans from In Advance Capital

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In Advance Capital Small Business Funding

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in Business Loans from In Advance Capital

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Highlights
Loan Amount $5,000 - $500,000
APR N/A
Loan Term (Months) 3 - 18 months

In Advance Capital Small Business Funding Review

In Advance Capital Small Business Funding is a business financing offering by In Advance Capital, based in New York, NY. Founded in 2016, In Advance Capital offers access to business loans in 50 states (and Washington, DC).

In Advance Capital Small Business Funding FAQ

What are In Advance Capital Small Business Funding’s rates?

In Advance Capital Small Business Funding offers a business financing product but they do not disclose their rates.

Does In Advance Capital Small Business Funding charge an origination fee?

Yes, In Advance Capital Small Business Funding charges a loan origination fee of 3% to 5% of the loan amount. In Advance Capital Small Business Funding 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 In Advance Capital Small Business Funding set on the purpose of the loan?

In Advance Capital Small Business Funding considers loan applications for business purposes, such as:

  • Business Debt Refinance
  • Equipment Purchase
  • Lease Improvement
  • New Location
  • Product or Service Expansion
  • Working capital

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

  • Lines of Credit
  • Merchant Cash Advances
  • ACH Cashflow Loans

Does In Advance Capital Small Business Funding charge prepayment fees?

Yes, In Advance Capital Small Business Funding 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 Small Business Funding?

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 Small Business Funding?

In Advance Capital Small Business Funding 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 In Advance Capital Small Business Funding?

In Advance Capital Small Business Funding requires companies to be in business for at least 6 months. Businesses don't have to meet a minimum annual revenue to be considered.

Applicants with a credit score of at least 450 and up to 850 may be eligible for In Advance Capital Small Business Funding.

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 In Advance Capital Small Business Funding. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by In Advance Capital Small Business Funding. Permanent resident / green card holders are also eligible to apply.

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 Small Business Funding?

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

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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.

Contact

  • Headquarters
  •   1430 Broadway
    Suite 402
    New York, NY 10018 USA
  •   Visit Site

Other Services by In Advance Capital

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Origination Fee (%) 3% - 5%
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
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Months in Business 6
Verification Documents Required Proof of Income
Loan Amount $5,000 - $500,000
Loan Term 3 - 18 months

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