Where does Knight Capital Funding do business?
Knight Capital Funding is a financial services corporation based in Dover, DE. It was founded in 2014 and offers access to business loans in 50 states (and Washington, DC).
What are Knight Capital Funding’s rates?
Knight Capital Funding offers business loans with fixed APRs starting from 10% to 200%.
Does Knight Capital Funding charge an origination fee?
Yes, Knight Capital Funding charges a loan origination fee of 0% to 2.5% of the loan amount. Knight Capital 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 Knight Capital Funding set on the purpose of the loan?
Knight Capital Funding considers loan applications for business purposes, such as:
What types of business loans does Knight Capital 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. Knight Capital Funding provides access to the following business loan types:
- Merchant Cash Advances
Does Knight Capital Funding charge prepayment fees?Yes, Knight Capital 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 Knight Capital Funding?Loan amounts start at $5,000 and go up to $250,000.
What is the maximum loan term you can get with Knight Capital Funding?
Knight Capital Funding offers business loans with terms ranging from 2 to 8 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 Knight Capital Funding?Knight Capital Funding doesn’t disclose its credit score minimum. Knight Capital Funding requires companies to be in business for at least 6 months. Businesses must have a minimum annual revenue of $10,000.
Only U.S. citizens and permanent residents can apply for a loan Knight Capital Funding only considers borrowers who are employed or self-employed. To qualify, applicants may need to provide the following documentation:
- Proof of Identity
- Proof of Income
What is the estimated funding time for a business loan via Knight Capital Funding?
Knight Capital Funding can approve (or deny) a loan application within 72 hours and fund business loans within 1 business day of approval.
9 East Loockerman St
Dover, DE 19901 USA
- Visit Site
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|Origination Fee||0% - 2.5%|
|Immigration Status Considered||
|Employment Statuses Considered||
|Minimum Months in Business||6|
|Verification Documents Required||
|Loan Amount||$5K - $250K|
|Loan Term (Months)||2 - 8|
|APR||10% - 200%|