in Business Loans from Pearl CapitalUnaffiliated
in Business Loans from Pearl Capital
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|Community Rating||Mostly recommended|
|Loan Term||N/A months|
Pearl Capital Review
Where does Pearl Capital do business?
Pearl Capital is a business financing offering by Pearl Capital, a direct lender based in New York, NY. Founded in 2010, Pearl Capital offers access to business loans in 50 states (and Washington, DC).
What are Pearl Capital’s rates?
Pearl Capital offers a business financing product but they do not disclose their rates.
Does Pearl Capital charge an origination fee?
Yes, Pearl Capital charges a loan origination fee.
What limitations does Pearl Capital set on the purpose of the loan?
Pearl Capital considers loan applications for business purposes, such as:
- Business Debt Refinance
- Equipment Purchase
- Lease Improvement
- New Location
- Product or Service Expansion
What types of business loans does Pearl Capital offer?
Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. Pearl Capital provides access to the following business loan types:
- ACH Cashflow Loans
Does Pearl Capital charge prepayment fees?Yes, Pearl Capital 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.
What do you need to qualify for Pearl Capital?
Pearl Capital requires companies to be in business for at least 3 months. Businesses don't have to meet a minimum annual revenue to be considered.
Applicants with a credit score of at least 300 and up to 850 are eligible for Pearl Capital.
Pearl Capital does not have or does not disclose a minimum annual income eligibility requirement. Pearl Capital only considers borrowers who are employed.
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 Pearl Capital. Their rates 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 Pearl Capital?
Pearl Capital can approve (or deny) a loan application within 1 hour 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
|Credit Score Range||
300 - 850
|Immigration Status Considered||
|Employment Statuses Considered||
|Minimum Months in Business||3|