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  National Business Capital Merchant Cash Advance

National Business Capital Merchant Cash Advance

in Merchant Cash Advance from National Business Capital

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National Business Capital Merchant Cash Advance

Unaffiliated

in Merchant Cash Advance from National Business Capital

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Highlights
Factor Rate N/A
Loan Amount $10,000 - $5,000,000
Minimum Revenue $120,000
APR  (Fixed APR) N/A

National Business Capital Merchant Cash Advance Review

National Business Capital Merchant Cash Advance is offered by National Business Capital, a marketplace lending platform founded in 2007 and based in Bohemia, NY. National Business Capital Merchant Cash Advance is available in 50 states (and Washington, DC).

National Business Capital Merchant Cash Advance FAQ

Does National Business Capital Merchant Cash Advance charge prepayment fees?

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

How much cash can you advance from National Business Capital Merchant Cash Advance?

Cash advance amounts start at $10,000 and go up to $5,000,000.

What types of repayment method does National Business Capital Merchant Cash Advance accept?

National Business Capital Merchant Cash Advance accepts the following repayment method from the Merchant:

  • ACH withholding

How often does National Business Capital Merchant Cash Advance process payments?

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

Does National Business Capital Merchant Cash Advance charge an origination fee?

Yes, National Business Capital Merchant Cash Advance charges a origination fee.

What is the minimum repayment amount required by National Business Capital Merchant Cash Advance?

There is no minimum repayment ammount.

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

National Business Capital Merchant Cash Advance can provide a credit approval decision in less than an hour and fund the merchant cash advance within 1 business day.

What are the business financing requirements for National Business Capital Merchant Cash Advance?

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

  • Business certificate
  • Business license
  • Business bank account

What do you need to qualify for National Business Capital Merchant Cash Advance?

Applicants with a credit score of at least 500 and up to 850 may be eligible for National Business Capital Merchant Cash Advance. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

National Business Capital Merchant Cash Advance 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 National Business Capital Merchant Cash Advance. Their rates fall within the limits of The Military Lending Act.

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

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

  • Recent bank statements
  • Business formation documents
  • Driver's license
  • Government issued photo ID
  • Proof of identity

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

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

  • Equipment purchase
  • Inventory
  • Lease improvement
  • Product or service expansion
  • Technology investment
  • 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.

Contact

  • Headquarters
  •   1 Corporate Drive Suite 202
    Bohemia, NY 11716
  •   Visit Site

Hours of Operation

  • Sunday Closed
  • Monday 8:00am - 8:00pm
  • Tuesday 8:00am - 8:00pm
  • Wednesday 8:00am - 8:00pm
  • Thursday 8:00am - 8:00pm
  • Friday 8:00am - 8:00pm
  • Saturday 9:00am - 12:00pm

Other Services by National Business Capital

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 Certificate
  • Business License
  • Business Bank Account
Credit Score Range 500 - 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 Months in Business 6
Minimum Revenue $120,000
Verification Documents Required
  • Proof of Identity
  • Business Formation Documents
  • Government Issued Photo ID
  • Recent Bank Statements
  • Social Security Number
  • Driver License (or other photo ID)
  • Employer Identification Number
Collateral Requirement Unsecured
Intended Use of Funds
  • Equipment Purchase
  • Lease Improvements
  • Product or Service Expansion
  • Working Capital
  • Inventory
  • Technology Investment
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Funding Time Range 1 - 3 days
Payment Frequency Daily
Payment Options Automatic Payments
Repayment Methods ACH Withholding
Loan Amount $10,000 - $5,000,000

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