Business Capital Mart Merchant Cash Advances

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 are 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 and permanent resident / green card holders are eligible to apply for the services offered by Business Capital Mart Merchant Cash Advances.

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