Knight Capital Funding is a lending platform based in Dover, DE. It was founded in 2014 and offers access to business loans in 50 states (and Washington, DC)..
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 depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.
Some lenders only provide business loans for certain purposes. Knight Capital Funding offers considers loan applications for the following reasons:
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:
No, Knight Capital Funding will not charge you a late fee. Yes, Knight Capital Funding charges borrowers with a late payment fee.
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.
Loan amounts start at $5,000 and go up to $250,000.
Knight Capital Funding offers business loans with a maximum term of 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.
Knight Capital Funding doesn’t disclose its credit score minimum.
Knight Capital Funding 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 Knight Capital Funding. 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.
Knight Capital Funding can approve (or deny) a loan application within 72 hours and fund business loans within 1 business day of approval.
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