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  Business Capital Mart Merchant Cash Advances

Business Capital Mart Merchant Cash Advances

in Merchant Cash Advance from Business Capital Mart

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Business Capital Mart Merchant Cash Advances

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in Merchant Cash Advance from Business Capital Mart

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Highlights
Factor Rate N/A
Loan Amount Up to $5,000,000
Minimum Revenue $120,000
APR  (Fee or Charge Based Product) N/A

Business Capital Mart Merchant Cash Advances Review

Business Capital Mart Merchant Cash Advances is offered by Business Capital Mart, a marketplace lending platform founded in 2014 and based in Birmingham, AL. Business Capital Mart Merchant Cash Advances is available in 50 states (and Washington, DC).

Business Capital Mart Merchant Cash Advances FAQ

Does Business Capital Mart Merchant Cash Advances charge prepayment fees?

Yes, Business Capital Mart Merchant Cash Advances charges additional fees to borrowers who pay off their Business Capital Mart Merchant Cash Advances 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 Capital Mart Merchant Cash Advances early.

What types of repayment method does Business Capital Mart Merchant Cash Advances accept?

Business Capital Mart Merchant Cash Advances accepts the following repayment method from the Merchant:

  • Split withholding
  • ACH withholding

How often does Business Capital Mart Merchant Cash Advances process payments?

Business Capital Mart Merchant Cash Advances processes payments daily based on your business's credit card transactions. This means that a percentage of your transactions will automatically be sent to Business Capital Mart Merchant Cash Advances as payment for your cash advance until the full amount is paid.

Does Business Capital Mart Merchant Cash Advances charge an origination fee?

Yes, Business Capital Mart Merchant Cash Advances charges a origination fee.

What is the minimum repayment amount required by Business Capital Mart Merchant Cash Advances?

There is no minimum repayment ammount.

What is the estimated funding time for a merchant cash advance via Business Capital Mart Merchant Cash Advances?

Business Capital Mart Merchant Cash Advances can approve (or deny) a merchant cash advance application within 24 hours and fund your merchant cash advance within 1 business day of approval.

What are the business financing requirements for Business Capital Mart Merchant Cash Advances?

To apply for Business Capital Mart Merchant Cash Advances, you need to provide the following business documentation:

  • Business license
  • Business bank account

What do you need to qualify for Business Capital Mart Merchant Cash Advances?

When it comes to credit scores, Business Capital Mart doesn't have a set minimum or maximum. People with all types of credit scores can apply. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Business Capital Mart Merchant Cash Advances 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. Active duty service members and their covered dependents are eligible to apply for a loan via Business Capital Mart Merchant Cash Advances. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Business Capital Mart Merchant Cash Advances. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Proof of income
  • Recent bank statements
  • Business formation documents
  • Proof of identity

What limitations does Business Capital Mart Merchant Cash Advances set on the purpose of the merchant cash advance?

Business Capital Mart Merchant Cash Advances considers merchant cash advance applications for business purposes, such as:

  • Business debt refinance
  • Equipment purchase
  • Inventory
  • Lease improvement
  • New location
  • Product or service expansion
  • Working capital
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Business Financing Requirements
  • Business License
  • Business Bank Account
Credit Score Range 300 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Minimum Revenue $120,000
Verification Documents Required
  • Proof of Income
  • Proof of Identity
  • Business Formation Documents
  • Recent Bank Statements
  • Social Security Number
  • Business Tax Return
  • Employer Identification Number
Collateral Requirement Unsecured
Intended Use of Funds
  • Equipment Purchase
  • Lease Improvements
  • New Location
  • Product or Service Expansion
  • Working Capital
  • Business Debt Refinance
  • Inventory
Approval Speed 24 hours
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Funding Time Range Starting at 1 day
Payment Frequency Daily
Payment Options Automatic Payments
Repayment Methods
  • Split Withholding
  • ACH Withholding
Loan Amount Up to $5,000,000
Loan Term Up to 24 months

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