Kings Cash Group

Kings Cash Group Review

Kings Cash group is a business financing offering by Kings Cash Group LLC, based in New York, NY. Founded in 2014, Kings Cash Group LLC offers access to small business loans in 50 states (and Washington, DC).

Kings Cash group FAQ

What are Kings Cash group’s rates?

Kings Cash group offers a business financing product that ranges from 20% APR up to 99% APR.

Does Kings Cash group charge an origination fee?

Yes, Kings Cash group charges a loan origination fee.

What limitations does Kings Cash group set on the purpose of the business loan?

Kings Cash group considers business loan applications for business purposes, such as:

• Business Debt Refinance
• Equipment Purchase
• Hiring
• Inventory
• Lease Improvement
• New Location
• Payroll
• Product or Service Expansion
• Technology Investment
• Working capital

What types of small business loans does Kings Cash group offer?

Not all small business loans are made equal. The type of business loan you choose will determine the range of interest rates and terms you receive. Kings Cash group provides access to the following business loan types:

• Merchant Cash Advances

Does Kings Cash group charge prepayment fees?

Yes, Kings Cash group charges additional fees to borrowers who pay off their small business 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 business loan early.

What is the maximum business loan term you can get with Kings Cash group?

Kings Cash group offers small business loans with terms ranging from 3 to 10 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 Kings Cash Group?

Kings Cash Group 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 500 and up to 850 may be eligible for Kings Cash Group.

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. APRs for the Kings Cash Group product fall outside of the MLA limits, and as a result, the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Kings Cash Group.

To qualify, applicants may need to provide the following documentation:

• Proof of income
• Proof of identity

What is the estimated funding time for a business loan via Kings Cash group?

Kings Cash group can provide a credit approval decision in less than an hour and fund the business loan within 2 business days.