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  InterNex Capital

InterNex Capital

in Business Loans from InterNex Capital

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InterNex Capital

Unaffiliated

in Business Loans from InterNex Capital

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Highlights
Highlights
Loan Amount $250,000 - $10,000,000
APR 7.99% - 18.99%
Loan Term 1 - 12 months

InterNex Capital Review

Where does InterNex Capital do business?

InterNex Capital is a business financing offering by InterNex Capital, based in New York, NY. Founded in 2015, InterNex Capital offers access to business loans in 46 states (and Washington, DC).

What are InterNex Capital’s rates?

InterNex Capital offers a business financing product that ranges from 7.99% APR up to 18.99% APR.

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 disbursing loan proceeds, 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?

InterNex Capital 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 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:

  • Lines of Credit

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 $10,000,000.

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 InterNex Capital?

InterNex Capital does not require borrowers to have been in business for a minimum number of years. Businesses must have a minimum annual revenue of $83,000 to be considered.

InterNex Capital does not require or does not disclose a credit score minimum.

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 InterNex Capital. Their rates 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 your account activity to credit bureaus?

InterNex Capital reports your account activity to the following credit reporting agencies:

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.

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Contact

  • Headquarters
  •   205 E 42nd Street
    New York, NY 10017 USA
  •   Visit Site

About InterNex Capital

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 46 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
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Origination Fee 2.25% - 4%
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Minimum Revenue $83,000
Verification Documents Required
  • Proof of Income
Loan Amount $250K - $10M
Loan Term 1 - 12 months
APR 7.99% - 18.99%

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