Features

Where does InterNex Capital do business?

InterNex Capital is a direct lender based in New York, NY. It was founded in 2015 and offers access to business loans in 46 states (and Washington, DC).

What are InterNex Capital’s rates?

InterNex Capital offers business loans with APRs starting from 7.99% and up to 18.99%.

Does InterNex Capital charge an origination fee?

Yes, InterNex Capital charges a loan origination fee of 2.25% to 4% of the loan amount. InterNex 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 InterNex Capital set on the purpose of the loan?

Some lenders only provide business loans for certain purposes. InterNex 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 InterNex 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. InterNex Capital provides access to the following business loan types:

    Does InterNex Capital charge a late fee?

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

    Does InterNex Capital charge prepayment fees?

    Yes, InterNex 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 InterNex Capital?

    Loan amounts start at $250,000 and go up to $5,000,000.

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

    InterNex Capital offers business loans with terms ranging from 1 to 12 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 InterNex Capital?

    InterNex Capital doesn’t disclose its credit score minimum.

    InterNex Capital does not require borrowers to have been in business for a minimum number of years. Active duty servicemembers and their covered dependents are eligible to apply for a loan via InterNex 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 InterNex Capital?

    InterNex Capital can approve (or deny) a loan application within 72 hours and fund business loans within 4 business days of approval.

    Does InterNex Capital report loan payments to credit bureaus?

    InterNex Capital reports credit data to the following credit reporting agencies:

      • 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 Revenue
        $83000
      • Verification Documents Required?
        Proof of Income
      • Origination Fee
        2.25% - 4%
      • Business Loan Type
        Line Of Credit
      • Intended Use of Funds
        • Business Debt Refinance
        • Equipment Purchase
        • Lease Improvements
        • New Location
        • Product or Service Expansion
        • Working Capital
      • Approval Speed (Hours)
        72
      • Credit Bureau Reporting
        Other
      • Funding Time Range (in days)
        4 - 7
      • Pre-Approved Soft Credit Inquiry
      • Loan Amount
        $250000 - $5000000
      • Loan Term Range (Months)
        1 - 12
      • APR
        7.99% - 18.99%
      • Max Loan Term (Months)
        12
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