Knight Capital Funding Business Funding Review

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 small 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 business loan amount. Knight Capital funding deducts the fee directly from your business 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 business loan?

Knight Capital funding considers business 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 small business loans does Knight Capital funding 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. 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 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.

How much can you borrow from Knight Capital funding?

Business loan amounts start at $5,000 and go up to $250,000.

What is the maximum business loan term you can get with Knight Capital funding?

Knight Capital funding offers small 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 Business Funding?

Knight Capital Funding Business 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 Business 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 Business 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 Business 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 business loan application within 72 hours and fund small business loans within 1 business day of approval.