Where does Knight Capital Funding do business?
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)..
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 depositing your money, 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?
Some lenders only provide business loans for certain purposes. Knight Capital Funding offers considers loan applications for the following reasons:
- Equipment purchase
- New location
- Product or service expansion
- Working capital
- Business debt refinance
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 a late fee?
No, Knight Capital Funding will not charge you a late fee. Yes, Knight Capital Funding charges borrowers with a late payment fee.
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 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.
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 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.
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.
SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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
- Active Duty Military
- Military Dependent
- U.S. Citizen
- U.S. Permanent Resident
- Employed Full-Time
- Employed Part-Time