Knight Capital Funding
in Business Loans from Knight Capital FundingUnaffiliated
Knight Capital FundingUnaffiliated
in Business Loans from Knight Capital Funding
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Knight Capital Funding Review
Where does Knight Capital Funding do business?
Knight Capital Funding is a business financing offering by Knight Capital Funding, based in Dover, DE. Founded in 2014, Knight Capital Funding offers access to business loans in 50 states (and Washington, DC).
What are Knight Capital Funding’s rates?
Knight Capital Funding offers a business financing product that ranges from 10% APR up to 200% APR.
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:
- Business Debt Refinance
- Equipment Purchase
- Lease Improvement
- New Location
- Product or Service Expansion
- Working capital
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 Knight Capital Funding?
Knight Capital Funding requires companies to be in business for at least 6 months. Businesses must have a minimum annual revenue of $10,000 to be considered.
Knight Capital Funding 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 Knight Capital Funding. Their rates fall within the limits of The Military Lending Act.
U.S. citizens are, of course, eligible for the services offered by Knight Capital Funding. Permanent resident / green card holders are also eligible to apply.
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 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.
- 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%|
|Employment Statuses Considered||
|Immigration Status Considered||
|Minimum Months in Business||6|
|Verification Documents Required||
|Loan Amount||$5K - $250K|
|APR||10% - 200%|
|Loan Term||2 - 8 months|