Pearl Capital Business Funding Review

Pearl capital is a business financing offering by Pearl Capital, based in New York, NY. Founded in 2010, Pearl Capital offers access to small business loans in 50 states (and Washington, DC).

What are Pearl capital’s rates?

Pearl capital offers a fixed APR 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 business loan?

Pearl capital considers business loan applications for business purposes, such as:

• Business Debt Refinance
• Equipment Purchase
• Lease Improvement
• New Location
• Product or Service Expansion

What types of small business loans does Pearl capital 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. Pearl capital provides access to the following business loan types:

• Merchant Cash Advances
• ACH Cash Flow Loans

Does Pearl capital charge prepayment fees?

Yes, Pearl capital 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.

What do you need to qualify for Pearl Capital Business Funding?

Pearl Capital Business Funding requires companies to be in business for at least 3 months. Businesses don't have to meet a minimum annual revenue to be considered.

When it comes to credit scores, Pearl Capital doesn't have a set minimum or maximum. People with all types of credit scores can apply.

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 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 Pearl Capital Business Funding. Permanent resident / green card holders are also eligible to apply.

What is the estimated funding time for a business loan via Pearl capital?

Pearl capital can approve (or deny) a business loan application within 1 hour and fund small business loans within 1 business day of approval.