|Loan Amount||$5,000 - $2,000,000|
|APR||7.99% - 99%|
|Loan Term||N/A months|
TVT Capital Review
Where does TVT Capital do business?
TVT Capital is a business financing offering by TVT Capital, a direct lender based in Roslyn, NY. Founded in 2008, TVT Capital offers access to business loans in 50 states (and Washington, DC).
What are TVT Capital’s rates?
TVT Capital offers a business financing product that ranges from 7.99% APR up to 99% APR.
Does TVT Capital charge an origination fee?
Yes, TVT Capital charges a loan origination fee.
What limitations does TVT Capital set on the purpose of the loan?
TVT Capital considers 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 business loans does TVT 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. TVT Capital provides access to the following business loan types:
- Unsecured term loans
- Secured Term Loans
- Invoice Financing
- Merchant Cash Advances
- ACH Cashflow Loans
Does TVT Capital charge prepayment fees?Yes, TVT 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.
How much can you borrow from TVT Capital?
Loan amounts start at $5,000 and go up to $2,000,000.
What do you need to qualify for TVT Capital?
TVT Capital requires companies to be in business for at least 3 months. Businesses must have a minimum annual revenue of $20,000 to be considered.
Applicants with a credit score of at least 300 and up to 850 are eligible for TVT Capital.
TVT Capital does not have or does not disclose a minimum annual income eligibility requirement.
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. APRs for the TVT Capital product fall outside of the MLA limits and as a result the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.
Only U.S. citizens and permanent residents can apply for a loan.
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 TVT Capital?
TVT Capital can approve (or deny) a loan application within 24 hours and fund business loans within 2 business days 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|
|Verification Documents Required||
|Loan Amount||$5K - $2M|
|APR||7.99% - 99%|