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).

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