Pearl Capital Business Funding Review

Pearl Capital Business Funding is a business financing offering by Pearl Capital, 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 Business Funding’s rates?

Pearl Capital Business Funding offers a fixed APR business financing product but they do not disclose their rates.

Does Pearl Capital Business Funding charge an origination fee?

Yes, Pearl Capital Business Funding charges a loan origination fee.

What limitations does Pearl Capital Business Funding set on the purpose of the loan?

Pearl Capital Business Funding 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 Business 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. Pearl Capital Business Funding provides access to the following business loan types:

• Merchant Cash Advances
• ACH Cashflow Loans

Does Pearl Capital Business Funding charge prepayment fees?

Yes, Pearl Capital Business 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.

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 Business Funding?

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